Added to YB: 2024-05-28
Pitch date: 2024-05-24
MCEM [bullish]
The Monarch Cement Company
+40.54%
current return
Author Info
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Company Info
The Monarch Cement Company engages in the manufacture and sale of portland cement in the United States.
Market Cap
$894.1M
Pitch Price
$185.00
Price Target
290.25 (+12%)
Dividend
1.39%
EV/EBITDA
9.66
P/E
15.61
EV/Sales
3.40
Sector
Construction Materials
Category
growth
Show full summary:
$MCEM Monarch Cement: A superior cement business
$MCEM: Monarch Cement trading at 8.3x EV/EBIT. Op income up 11x in 10 yrs (27% CAGR) due to 4x margin expansion, 2x vol growth, 1.5x pricing. Forecast 12% op income growth (5% pricing, 5% vol, 2% margin), 3% div/buyback. No debt, $124M cash/LTI. Risks: cyclicality, infrastructure spending cuts.
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