Professional
Added to YB: 2024-04-23
Pitch date: 2024-04-23
SLYG.F [bullish]
Shelly Group SE
+59.18%
current return
Author Info
Deep Sail Capital's strategy puts more emphasis on business models and growth potential than solely on valuations. They seek to understand in depth the industry dynamics of the companies we are invested in. The fund has three core investment focuses: quality, microcaps, and special situations. Follow on Twitter/X.
Company Info
Shelly Group SE, together with its subsidiaries, engages in the internet of things business in Bulgaria, European Union, and internationally.
Market Cap
EUR 2.0B
Pitch Price
EUR 34.55
Price Target
49.42 (-10%)
Dividend
0.24%
EV/EBITDA
30.60
P/E
36.91
EV/Sales
7.81
Sector
Electronic Equipment, Instruments and Components
Category
growth
Deep Sail Capital Partners Portfolio Holding: Shelly Group AD
SLYG.F: Bulgarian IoT co pioneering open smart home devices, 57% 2023 rev growth. Expanding to US, pro installers from EU DIY base. New chip + OS in dev. 40%+ rev & profit CAGR thru 2026 target €200M rev, €50M EBIT. Founder-led, profitable, 21x EV/EBITDA. 40% upside seen by 2026.
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