Added to YB: 2024-04-19
Pitch date: 2024-04-17
KITW.L [bullish]
Kitwave Group plc
-36.52%
current return
Author Info
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Company Info
Kitwave Group plc engages in the food and drink wholesale business in the United Kingdom. The company operates through Ambient, Frozen & Chilled, and Foodservice divisions.
Market Cap
GBP 191.8M
Pitch Price
GBP 3.31
Price Target
N/A
Dividend
5.00%
EV/EBITDA
6.86
P/E
11.35
EV/Sales
0.42
Sector
Consumer Staples Distribution and Retail
Category
growth
Issue#4: A wholesale business and Berlin property - Kitwave Group plc
Kitwave (KITW.L): Wholesale distributor to 42K UK customers, £602M rev (+20% YoY), £24.9M PBT (+40%), 20% avg ROCE. Niche focus on small orders (<£400 vs competitors' £1K min), in-house software for precise pricing. Cold chain expertise a barrier to entry, serving major brands. Organic + M&A growth in fragmented £30B market (only 2% share now). Founder retired but COO capable. 12 P/E, 3.2% div yield. Resilient to inflation. New distribution center underway.
Read full article (3 min)