Professional
Added to YB: 2024-05-09
Pitch date: 2024-05-08
HAYPP.ST [bullish]
Haypp Group AB (publ)
+60.64%
current return
Author Info
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Company Info
Haypp Group AB (publ), an e-commerce company, engages in the sale of nicotine pouches and snus products in Sweden, Norway, Europe, and the United States.
Market Cap
SEK 4.0B
Pitch Price
SEK 87.40
Price Target
250.00 (+78%)
Dividend
N/A
EV/EBITDA
37.58
P/E
242.07
EV/Sales
1.00
Sector
Specialty Retail
Category
value
HAYPP Group: Capitalizing on the Nicotine Pouch Craze
HAYPP.ST: Dominant nicotine pouch e-retailer w/ 85% Nordic share. Growth markets +46% YoY (US +57%), SEO edge & low costs drive share gains. Core biz at 14x EBITDA (Nordic), growth markets (US/UK/DE/CH) are free upside. TAM, execution, strong mgmt point to $700M valuation (7.35B SEK), +190% vs current $240M mkt cap. Risks: competition, regulation; long-term upside to $1.5B+. 250 SEK PT.
Read full article (9 min)