Added to YB: 2024-05-31
Pitch date: 2024-05-30
MRLWF [bullish]
Marlowe plc
+99.07%
current return
Author Info
Turtle Capital is an equity analyst and private investor who shares investment ideas and his portfolio in his newsletter. Sign up for the newsletter.
Company Info
Marlowe plc provides business-critical services in the United Kingdom. The company offers fire risk assessments, design and installation of fire systems, monitoring and maintenance, design and installation of security systems, security monitoring solutions, and technical support services.
Market Cap
GBP 258.7M
Pitch Price
GBP 2.21
Price Target
8.00 (+82%)
Dividend
N/A
EV/EBITDA
5.06
P/E
-122.32
EV/Sales
0.61
Sector
Professional Services
Category
special_situation
MARLOWE PLC - $MRL
MRLWF: Marlowe sold GRC division (60% EBITDA) for 16.2x, 121% of mkt cap. $430M proceeds to repay debt, £150M special div, £75M buyback. Remaining biz: Testing, Inspection & Certification (TIC) leader, high cash conversion; Occupational Health. 6-9% org growth, 17% margins. Fair value £8 (10x EBITDA) vs £5.7 now. Risks: CEO leaving, integration costs.
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