Added to YB: 2024-05-17
Pitch date: 2024-05-15
SLYG.F [bullish]
Shelly Group SE
+56.61%
current return
Author Info
No bio for this author
Company Info
Shelly Group SE, together with its subsidiaries, engages in the internet of things business in Bulgaria, European Union, and internationally.
Market Cap
EUR 2.0B
Pitch Price
EUR 35.12
Price Target
76.90 (+40%)
Dividend
0.24%
EV/EBITDA
30.60
P/E
36.91
EV/Sales
7.81
Sector
Electronic Equipment, Instruments and Components
Category
growth
Potential 10x? Shelly Group uncovered 🇧🇬
SLYG.F: Bulgarian IoT co Shelly grp seeing huge growth (69.8% CAGR since '16 IPO). 70+ smart home devices 50% cheaper than competitors, 21 new in '23, 15 so far in '24 w/ 25-45 more planned. Targets energy efficiency market (2/3 EU homes need upgrades) & expanding in US/EU. Strong mgmt (64% inside ownership), financials (57% GM, 23% NM), but China mfg & low liquidity are risks. Expects €200M rev / €50M EBIT by '26 (40%+ CAGR). Pricey at 37x PE but huge TAM & quality.
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