Professional
Added to YB: 2024-04-18
Pitch date: 2024-03-31
EVO.AX [bullish]
Embark Early Education Limited
+11.25%
current return
Author Info
No bio for this author
Company Info
Embark Early Education Limited provides early childhood education and care services in Australia. It owns, operates, and manages ECE centers under the Roseberry House, Brighthouse, Cubby Care, HAVEN Early Learning, Kitiwah Place, Little Zebra, Carlton House, Moreton Drive Early Learning Centre, and Youngstars brands.
Market Cap
AUD 124.8M
Pitch Price
AUD 0.57
Price Target
0.85 (+34%)
Dividend
8.82%
EV/EBITDA
10.20
P/E
13.81
EV/Sales
2.78
Sector
Diversified Consumer Services
Category
growth
TAMIM All Cap Fund Portfolio Holding: Embark Early Education Limited
EVO.AX: Embark Education, run by experienced founder Chris Scott, operates 24 childcare centers in Australia. Recently acquired 9 more for $25M, adding $6.3M EBITDA. CY23 EBITDA grew 30% to $17M with 4c dividend. Expect 5c+ fully franked dividend in CY24, 7c EPS. Consolidation play with 85c valuation target this year.
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