Professional
Added to YB: 2024-05-31
Pitch date: 2024-05-23
GCO.MC [neutral]
Grupo Catalana Occidente, S.A.
+35.65%
current return
Author Info
No bio for this author
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Company Info
Grupo Catalana Occidente, S.A., together with its subsidiaries, provides insurance products and services worldwide.
Market Cap
EUR 5.7B
Pitch Price
EUR 36.38
Price Target
N/A
Dividend
2.50%
EV/EBITDA
12.32
P/E
9.03
EV/Sales
1.23
Sector
Insurance
Category
special_situation
Show full summary:
Horos Asset Management Portfolio Holding: Grupo Catalana Occidente, S.A.
GCO.MC: Spanish insurer thriving in auto despite peers' losses. Mémora acquisition synergies, early retirement cost savings, and growing excess capital. Stagnant share price despite strong fundamentals. Mgmt should decisively unlock value, possibly via €1B+ share buyback or long-awaited corporate deal.
Read full article (1 min)