Professional
Added to YB: 2024-02-20
Pitch date: 2024-02-19
FTRE [bullish]
Fortrea Holdings Inc.
-55.71%
current return
Author Info
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Company Info
Fortrea Holdings Inc., a contract research organization, provides biopharmaceutical product and medical device development solutions to pharmaceutical, biotechnology, and medical device customers worldwide.
Market Cap
$961.9M
Pitch Price
$35.49
Price Target
54.00 (+244%)
Dividend
N/A
EV/EBITDA
85.02
P/E
-0.92
EV/Sales
0.73
Sector
Life Sciences Tools and Services
Category
growth
White Falcon Capital: Fortrea Holdings Inc. - $FTRE
FTRE: Spun from $LH, 52% upside to $54 PT by 2026 driven by margin gains from operating leverage, cost cuts, new tech infra & shift to developing markets. 12x '26 EBITDA @ 15% margin = $6.3B EV, $54/share. 100%+ upside if 17-18% peer margins hit. CEO Pike heavily invested.
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