Added to YB: 2024-04-15
Pitch date: 2024-04-14
HTG.L [bullish]
Hunting PLC
+10.03%
current return
Author Info
Company Info
Hunting PLC, together with its subsidiaries, manufactures components, technology systems, and precision parts worldwide.
Market Cap
GBP 703.2M
Pitch Price
GBP 3.52
Price Target
16.00 (+313%)
Dividend
2.77%
EV/EBITDA
5.54
P/E
-20.82
EV/Sales
0.61
Sector
Energy Equipment and Services
Category
growth
Hunting PLC - Hated, Forgotten & Beautiful
HTG.L: CEO sees 'very bright future'; progressing well w/ growing revs, profits, capital efficiency & dividends; strong order book; P/NOPAT 7, rising FCF conversion; expanding in OCTG (19% CAGR to '25), Perforating Systems, Mfg (29% CAGR), Subsea; structural tailwinds in O&G (80% of profits) & geothermal, CCUS; moat via partnerships, high-quality customers, patents; '23 revs +28%, EBIT 30x, $119M NI; targets 15% EBITDA margin & >50% FCF conversion by '25; $2B revs by '30 (9% CAGR), 336% upside
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