Professional
Added to YB: 2024-06-21
Pitch date: 2024-03-31
CYG.AX [bullish]
Coventry Group Ltd
-59.82%
current return
Author Info
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Company Info
Coventry Group Ltd primarily engages in the distribution of industrial products and services in Australia and New Zealand.
Market Cap
AUD 155.6M
Pitch Price
AUD 1.42
Price Target
N/A
Dividend
2.82%
EV/EBITDA
9.13
P/E
195.88
EV/Sales
0.76
Sector
Trading Companies and Distributors
Category
growth
Show full summary:
Sandon Capital Activist Fund Portfolio Holding: Coventry Group Ltd
CYG.AX 1HFY24: Sales $185.3M +5.4%, EBITDA $9.8M +18.1%. Strong 2Q with EBITDA +30%. Momentum in 10% EBITDA margin target from pricing power & scale benefits. Demand robust in mining, infrastructure & industrial markets. ERP upgrade on track. Fragmented markets enable continued growth.
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