Added to YB: 2024-06-28
Pitch date: 2024-06-27
NCK.AX [bullish]
Nick Scali Limited
+66.23%
current return
Author Info
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Company Info
Nick Scali Limited, together with its subsidiaries, engages in sourcing and retailing of household furniture and related accessories in Australia, the United Kingdom, and New Zealand.
Market Cap
AUD 1.2B
Pitch Price
AUD 13.00
Price Target
25.00 (+16%)
Dividend
4.75%
EV/EBITDA
8.10
P/E
14.08
EV/Sales
2.99
Sector
Specialty Retail
Category
growth
Nick Scali (AU:NCK)
NCK.AX: Premium furniture retailer. 5% div yield, 10% EPS growth. 108 AUS/NZ stores, 21 UK. Expanding via M&A (Plush, Fabb) & new stores. Strong brand power, 34-39% EBITDA margin. CEO owns 8%. Risks: supply chain. $25 PT by 2029. Best-in-sector with 62.7% gross margin, resilient growth since 2005.
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