Added to YB: 2024-04-03
Pitch date: 2024-04-02
6807.TW [bullish]
FY Group Ltd.
+21.73%
current return
Author Info
Company Info
FY Group Ltd. engages in the research, development, manufacture, and sale of indoor furniture in Taiwan, Europe, the United States, and Japan.
Market Cap
TWD 3.0B
Pitch Price
TWD 37.62
Price Target
N/A
Dividend
N/A
EV/EBITDA
4.90
P/E
9.44
EV/Sales
0.51
Sector
Household Durables
Category
value
$6807 :TW a true one foot hurdle with a good catalyst
6807.TW: FY Group, couch ODM with 80%+ sales from IKEA, trades at 3.71 EV/EBIT & 6.28% yield near ATH despite red flags. Profitable 6 yrs, healthy B/S. Catalyst: 14% drop in shareholders YoY, less selling pressure. Solid IKEA relationship, expanding to Costco & others. R&D foam team cuts shipping costs. Competitors less focused on couches. Simple idea, cheap valuation, strong catalyst potential.
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