Professional
Added to YB: 2024-05-07
Pitch date: 2024-05-03
REVG [bullish]
REV Group, Inc.
+163.04%
current return
Author Info
Alta Fox Capital Management is an alternative asset management firm based in Fort Worth, Texas, thaat occaionally shares stock pitches. Follow on Twitter.
Company Info
REV Group, Inc. designs, manufactures, and distributes specialty vehicles and related aftermarket parts and services, operating through two segments: Specialty Vehicles and Recreational Vehicles.
Market Cap
$3.1B
Pitch Price
$24.29
Price Target
47.20 (-26%)
Dividend
0.38%
EV/EBITDA
14.45
P/E
33.81
EV/Sales
1.28
Sector
Machinery
Category
growth
High Visibility Profitability Inflection with >100% upside
REVG: Leading US fire/ambulance/RV mfr. AIP PE rolled up cos 2006-20, IPO'd '17. New mgmt in '20 focused on integration, divestitures. Fire/ambulance attractive: local monopolies, inelastic replacement demand, consolidated industry. 4.5x FY26 EBITDA on 100% EBITDA growth, robust pricing/demand. Liquidity up post-PE exit, likely earnings upgrades, index buying. 115% upside to $47 PT.
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