Professional
Added to YB: 2024-06-14
Pitch date: 2024-04-04
TISG.MI [bullish]
The Italian Sea Group S.p.A.
-52.36%
current return
Author Info
No bio for this author
Company Info
The Italian Sea Group S.p.A. operates in the luxury yachting industry. It is involved in the design, production and marketing of yachts and super yachts, motor, and sailing, made of fiberglass, aluminum and steel that ranges between 20 and over 100 meters under the Admiral, Tecnomar, Perini Navi, and Picchiotti brands.
Market Cap
EUR 520.5M
Pitch Price
EUR 8.82
Price Target
N/A
Dividend
3.77%
EV/EBITDA
8.69
P/E
14.10
EV/Sales
1.43
Sector
Leisure Products
Category
growth
Palm Harbour Capital Portfolio Holding: The Italian Sea Group S.p.A.
TISG.MI: Italian luxury yacht builder sales & margins up YoY, sees sustainable profitability on structural growth vs lower-end peers. Backlog healthy, margin gains from efficiencies, mix, price hikes, scale. Shares cheap on cash flows. Majority holder placed 8.7% at 10% discount to meet Euronext Milan STAR listing.
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