Professional
Added to YB: 2024-05-03
Pitch date: 2024-05-02
KITW.L [bullish]
Kitwave Group plc
-43.32%
current return
Author Info
Sohra Peak is a NY-based fund focused on undervalued small-caps with long-term potential. Follow the founder on Twitter.
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 3.70
Price Target
9.85 (+369%)
Dividend
5.00%
EV/EBITDA
6.86
P/E
11.35
EV/Sales
0.42
Sector
Consumer Staples Distribution and Retail
Category
growth
Sohra Peak Capital Partners Portfolio Holding: Kitwave Group plc
KITW.L: Leading UK food distributor to 42K+ convenience stores & restaurants. 98-99% on-time delivery, low £100 min orders. Compounding EPS at 22% since FY16 via M&A roll-ups in £10B+ fragmented market. 17% ROIC, 10-20% growth ahead. Cheap at 13x P/E, 8x EV/EBITDA vs peers. £7.43–£9.85 PT for 93-156% upside in 3-5yrs. CEO & CFO own 5%+, strong M&A record.
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