Added to YB: 2024-02-23
Pitch date: 2024-02-19
CLMT [bullish]
Calumet, Inc.
+74.84%
current return
Author Info
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Company Info
Calumet, Inc. manufactures, formulates, and markets a diversified slate of specialty branded products and renewable fuels to various consumer-facing and industrial markets in North America and internationally.
Market Cap
$2.5B
Pitch Price
$16.81
Price Target
50.00 (+70%)
Dividend
N/A
EV/EBITDA
14.13
P/E
-66.57
EV/Sales
1.22
Sector
Oil, Gas and Consumable Fuels
Category
growth
Calumet Specialty Products Partners, L.P. - $CLMT
$CLMT: Specialty products+leading SAF producer, transformative Montana Renewables to 2x EBITDA to ~$500M in Q4. $750M by '26 post spin-off IPO & C-Corp transition. 7x FY24e EV/EBITDA vs comps 12x. CEO LEAPs. $30 near-term, $50 LT on decarbonization trend, despite risks.
Read full article (6 min)