Added to YB: 2024-05-23
Pitch date: 2024-05-02
JBT [neutral]
JBT Marel Corporation
+69.59%
current return
Author Info
No bio for this author
Company Info
JBT Marel Corporation provides technology solutions to food and beverage industry in North America, Europe, the Middle East, Africa, the Asia Pacific, and Central and South America.
Market Cap
$7.0B
Pitch Price
$91.16
Price Target
N/A
Dividend
0.30%
EV/EBITDA
24.06
P/E
-57.62
EV/Sales
2.70
Sector
Machinery
Category
value
FPA Queens Road Small Cap Value Fund New Portfolio Holding: John Bean Technologies Corporation
JBT: Manufacturer of industrial food processing equipment, 50% aftermarket sales. Strong history of accretive M&A and margin growth, but high valuation and questions about ROIC on acquisitions. Recent €3.5B deal for Marel at 2x sales raises uncertainty. Believe in long-term compounding potential but position size limited. Fits quality compounder theme.
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