Added to YB: 2025-03-14
Pitch date: 2025-03-13
CLMT [bullish]
Calumet, Inc.
+157.81%
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
$11.40
Price Target
40.00 (+36%)
Dividend
N/A
EV/EBITDA
14.13
P/E
-66.57
EV/Sales
1.22
Sector
Oil, Gas and Consumable Fuels
Category
turnaround
Calumet (CLMT): A Deep Value Play with a $40 Price Target
CLMT: 50% drawdown due to high leverage, low margins, event-driven liquidations, 10M shares short. MRL facility running corn oil & tallow. '26-'28 RVO coming Aug/Sept, key catalyst. Biden set low '23-25 RVO, Trump admin likely to raise. Shell minority sale expected post-RVO. $2/gal margins = $500M EBITDA, $2.9B EV. $40 PT based on Warburg's $3.3B EV exit by 2028.
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