Professional
Added to YB: 2025-03-12
Pitch date: 2025-03-10
KITW.L [neutral]
Kitwave Group plc
-12.12%
current return
Author Info
Sohra Peak is a NY-based fund focused on undervalued small-caps with long-term potential. Follow the founder on Twitter.
Company Info
Kitwave Group plc engages in the food and drink wholesale business in the United Kingdom. The company operates through Ambient, Frozen & Chilled, and Foodservice divisions.
Market Cap
GBP 191.8M
Pitch Price
GBP 2.39
Price Target
N/A
Dividend
5.00%
EV/EBITDA
6.86
P/E
11.35
EV/Sales
0.42
Sector
Consumer Staples Distribution and Retail
Category
growth
Kitwave (KITW.L) Delivers Strong H2 Results; Market Undervalues Growth and M&A Potential
KITW.L (earnings update): H2 FY24 EBIT +14% YoY (5% organic, 9% M&A). FY25 EPS guide +14% (7% Creed M&A, 4% organic, 3% TFS). Shares down on misleading 2.8x debt/EBITDA (actual 1.9x). 9x FY24 P/E, 8x FY25 P/E, 5.4x FY25 EV/EBITDA. 10-14% LT EPS growth + 4% div. CEO bought shares at £2.58-2.68.
Read full article (2 min)