Added to YB: 2024-06-24
Pitch date: 2024-06-24
SUP.L [bullish]
Supreme Plc
+6.92%
current return
Author Info
No bio for this author
Company Info
Supreme Plc owns, manufactures, and distributes fast-moving branded and discounted consumer goods in the United Kingdom, Ireland, the Netherlands, France, rest of Europe, and internationally.
Market Cap
GBP 204.1M
Pitch Price
GBP 1.40
Price Target
2.25 (+50%)
Dividend
2.99%
EV/EBITDA
5.67
P/E
8.92
EV/Sales
0.94
Sector
Distributors
Category
growth
Supreme Plc Boosts Earnings Potential with Clearly Drinks Acquisition
SUP.L acquires Clearly Drinks for £15M (5x EBITDA), adding synergistic growth platform in £9.6B UK soft drinks market to vaping, sports nutrition, batteries brands. Boosts non-vape sales >£100M, EPS accretive. FY23 £3M EBITDA on £22.4M revs. £10M PPE backs price. Upgraded FY25 £239.7M revs, £37M EBITDA, 19.8p EPS. 225p PT at 7x PE, 4.5x EBITDA, 3.5% div yield. £10M proforma net debt. Prelims 4 Jul.
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