Added to YB: 2025-02-12
Pitch date: 2024-06-26
EHL.AX [bullish]
Emeco Holdings Limited
+83.8%
current return
Author Info
No bio for this author
Company Info
Emeco Holdings Limited provides surface and underground mining equipment rental, complementary equipment, and mining services in Australia.
Market Cap
AUD 504.1M
Pitch Price
AUD 0.71
Price Target
1.90 (+43%)
Dividend
N/A
EV/EBITDA
2.90
P/E
9.76
EV/Sales
0.95
Sector
Trading Companies and Distributors
Category
value
Emeco Holdings Limited (ASX:EHL)
EHL.AX: Leading AU mining equipment rental co. at 0.7x BV, 1.9x liquidation value. Trades at 2.7x EBITDA vs 4-5x historical. Diversified by customer, commodity, region. Recovering from PnP issues & AU macro. Upside from margin recovery (30% to 60%), multiple re-rating, China demand. 12-36m PT AU$0.9-1.9 (+25-185%).
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