Professional
Added to YB: 2024-05-14
Pitch date: 2024-05-13
SIG.AX [bullish]
Sigma Healthcare Limited
+125.58%
current return
Author Info
Sweet Stocks is a former portfolio manager at an international small cap fund who shares pitches for international equities. Sign up for his blog.
Company Info
Sigma Healthcare Limited, together with its subsidiaries, engages in the wholesale distribution of pharmaceutical goods and medical consumables to community pharmacies primarily in Australia.
Market Cap
AUD 2.0B
Pitch Price
AUD 1.25
Price Target
N/A
Dividend
0.79%
EV/EBITDA
31.52
P/E
317.50
EV/Sales
0.53
Sector
Health Care Providers and Services
Category
special_situation
Chemist Warehouse & Sigma Healthcare – a very special situation
SIG.AX: CW drugstore major backdoor IPO via merger w/ SIG. CW: 550 AU stores, dominant franchise model, 14% sales CAGR, strong FCF. SIG provides wholesaling/capital. Deal =85% CW/15% SIG ownership. Risks: founders' governance/related party, AU regs, int'l expansion. 19x FY28 P/E on author ests if deal closes.
Read full article (14 min)