Professional
Added to YB: 2024-02-19
Pitch date: 2024-01-19
RHIM.L [bullish]
RHI Magnesita N.V.
-11.38%
current return
Author Info
No bio for this author
Company Info
RHI Magnesita N.V., together with its subsidiaries, develops, produces, sells, installs, and maintains refractory products and systems used in industrial high-temperature processes worldwide.
Market Cap
GBP 1.5B
Pitch Price
GBP 29.51
Price Target
N/A
Dividend
5.81%
EV/EBITDA
5.83
P/E
10.55
EV/Sales
0.82
Sector
Construction Materials
Category
turnaround
Palm Harbour Capital Portfolio Holding - RHI Magnesita
RHI Magnesita +14.9% in Q3 on strong EBITA margin from pricing & M&A despite weak EU/China/LatAm volumes. Rhone 19.9% stake at £28.5 implies upside. Stable '24 outlook w/ weak construction & auto demand. Net debt €430M, 2-2.5x target. FCF indicates significant upside.
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