Added to YB: 2024-03-12
Pitch date: 2024-03-08
INCH.L [bullish]
Inchcape plc
+30.39%
current return
Author Info
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Company Info
Inchcape plc operates as an automotive distributor and retailer. It engages in the distribution, sales, and marketing of new and used cars, and parts.
Market Cap
GBP 2.6B
Pitch Price
GBP 5.82
Price Target
N/A
Dividend
4.32%
EV/EBITDA
6.54
P/E
10.05
EV/Sales
0.51
Sector
Distributors
Category
value
Show full summary:
The Dividend Note - Unloved Value Opportunities? - Inchcape plc
INCH.L: Inchcape FY23 solid; +41% rev to £11.4bn, +24% pretax £413m. Organic +12%, ops margin 5.4%. Div up 18%, 5% yield. Debt high at £601m post Derco buy. 2024 growth seen, but slower, focus on deleveraging. P/E 7.5, yield 5.5%. A play on LatAm & Asia, div safe, decent contrarian pick.
Read full article (4 min)