Professional
Added to YB: 2024-04-24
Pitch date: 2024-04-23
SHOT.ST [bullish]
Scandic Hotels Group AB (publ)
+75.06%
current return
Author Info
Alluvial Capital is an investment manager with a focus on overlooked and obscure securities around the world. Sign up for the newsletter.
Company Info
Scandic Hotels Group AB (publ), together with its subsidiaries, engages in operation and franchising of hotels in Sweden, Norway, Finland, Denmark, Germany, and Poland.
Market Cap
SEK 12.1B
Pitch Price
SEK 52.92
Price Target
N/A
Dividend
N/A
EV/EBITDA
9.10
P/E
23.47
EV/Sales
2.73
Sector
Hotels, Restaurants and Leisure
Category
value
Alluvial Capital Fund New Portfolio Holding: Scandic Hotels Group AB
SHOT.ST: Scandic Hotels - 280 hotels, 58K rooms mainly in Scandinavia. Variable lease model reduces leverage vs peers. COVID recovery with record revenue & profits, but shares still below pre-COVID highs at double-digit FCF yield. 2024 EBITDA ~SEK2.5B for 5.4x EV/EBITDA ex-leases.
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