Professional
Added to YB: 2024-05-13
Pitch date: 2024-03-02
BNR.DE [bullish]
Brenntag SE
-36.93%
current return
Author Info
No bio for this author
Company Info
Brenntag SE engages in the distribution of chemicals and ingredients in Germany, the United States, the United Kingdom, China, Canada, Italy, Poland, France, and internationally.
Market Cap
EUR 7.1B
Pitch Price
EUR 80.10
Price Target
94.00 (+86%)
Dividend
4.27%
EV/EBITDA
7.88
P/E
17.02
EV/Sales
0.62
Sector
Trading Companies and Distributors
Category
value
Tweedy, Browne Portfolio Holding: Brenntag SE
Brenntag (BNR.DE): World's largest chemical distributor, highly diversified. Industry fragmented (Brenntag 5% share), growing faster than GDP. Specialty chemicals (~40% EBITA) more valuable than commodities (~60%). Considering separation to unlock value. Trades at 11x '23 EBITA, potential EUR94 fair value (13% upside). Insiders buying at ~EUR70. Largest holder Kuehne recently doubled stake to 10%.
Read full article (3 min)