Added to YB: 2025-02-26
Pitch date: 2025-02-24
TUNE.L [bullish]
Focusrite plc
+16%
current return
Author Info
Investor, Equity Analyst, Fund Manager of the former Oriel UK fund (2014 to 2021) and former Head of Investment Solutions at AJ Bell. Wonder Stocks focuses on great investment opportunities. It aims to find stocks with the best returns by focusing on the positive. Sign up for the newsletter.
Company Info
Focusrite plc engages in the development, manufacturing, and marketing of professional audio and electronic music products in North America, Europe, the Middle East, Africa, and internationally.
Market Cap
GBP 93.8M
Pitch Price
GBP 1.85
Price Target
11.40 (+430%)
Dividend
4.13%
EV/EBITDA
6.62
P/E
47.34
EV/Sales
0.74
Sector
Household Durables
Category
turnaround
An Unloved Gem - Focusrite plc
TUNE.L: Audio tech leader facing post-COVID destocking. Strong brand, loyal customers. 6 acquisitions, £85M spent. Revenue -8% avg last 3yrs. Working capital high. NOPAT ROCE 17% vs 42-48.5% pre-COVID. At 8x EV/EBIT vs 12.5-23x historically. 350-500% upside if normalizes.
Read full article (8 min)