Professional
Added to YB: 2023-07-01
Pitch date: 2023-07-01
TITN [bullish]
Titan Machinery Inc.
-45.24%
current return
Author Info
Pernas Research is a former CIO of a $3.5B fund that now share actionable stock research. Sign up for the newsletter.
Company Info
Titan Machinery Inc. owns and operates a network of full service agricultural and construction equipment stores in the United States, Europe, and Australia.
Market Cap
$360.4M
Pitch Price
$29.50
Price Target
38.35 (+135%)
Dividend
N/A
EV/EBITDA
187.36
P/E
-5.84
EV/Sales
0.56
Sector
Trading Companies and Distributors
Category
turnaround
Titan Machinery: A Giant Amongst Dealerships
TITN: Leading CNHI equipment dealer with 120 global locations. Benefiting from higher crop prices & favorable regulation. Expects continued strong cash flows despite market underestimation. Improved ops: inventory turnover 3.2x, 5% net margin. Tailwinds: geopolitical tensions, CNHI improvements, infrastructure spending. Risks: Right to Repair law, ethanol demand decline. Generates $100M FCF/yr ($60M normalized). 30% upside.
Read full article (7 min)