Professional
Added to YB: 2024-05-28
Pitch date: 2024-05-27
BEKB.BR [bullish]
NV Bekaert SA
-10.6%
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
NV Bekaert SA provides steel wire transformation and coating technologies worldwide. The company operates through four segments: Rubber Reinforcement, Steel Wire Solutions, Specialty Businesses, and Bridon-Bekaert Ropes Group.
Market Cap
EUR 1.7B
Pitch Price
EUR 41.95
Price Target
N/A
Dividend
5.60%
EV/EBITDA
3.70
P/E
7.45
EV/Sales
0.52
Sector
Metals and Mining
Category
turnaround
Bekaert – Elevated Quality at 8.2x P/E
BEKB.BR: World leader in wire converting. New mgmt in 2019 cut costs, set priorities. €1.33bn 5yr FCF, strong bal sheet. 8.5% 2024E FCF yield. Growth from Dramix concrete fibers, Currento hydrogen parts, wind cables. Cheap given quality improvement. Family control aligned. Risks: cyclical end-mkts, slow growth, capex on H2 vs cash returns.
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