Added to YB: 2024-03-20
Pitch date: 2024-03-16
HMM-A.TO [neutral]
Hammond Manufacturing Company Limited
+7.13%
current return
Author Info
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Company Info
Hammond Manufacturing Company Limited, together with its subsidiaries, designs, manufactures, and sells electrical and electronic components in Canada, the United States, and internationally.
Market Cap
CAD 108.7M
Pitch Price
CAD 10.58
Price Target
N/A
Dividend
0.63%
EV/EBITDA
3.58
P/E
5.83
EV/Sales
0.54
Sector
Electrical Equipment
Category
value
Hammond Manufacturing - Mediocre Business at a Great Price Relative to Comps - $HMM.A
HMM.A: 100-year-old family biz making electrical components. Sales stagnant but margins up in Q1 '23. Mgmt sees 2-4% growth in '23 with FX headwinds. 10% historical sales CAGR, 20% EPS. Trades at 6.5x vs peers HPS at 20x & NVT at 18x. Upside needs growth or re-rate catalyst.
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