Professional
Added to YB: 2024-07-05
Pitch date: 2024-07-04
AE [neutral]
Adams Resources & Energy, Inc.
+47.01%
current return
Author Info
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Company Info
Adams Resources & Energy, Inc., through its subsidiaries, primarily engages in the marketing, transportation, terminalling, and storage of crude oil and other related products in the United States.
Market Cap
$97.8M
Pitch Price
$25.84
Price Target
N/A
Dividend
2.53%
EV/EBITDA
3.39
P/E
-11.95
EV/Sales
0.04
Sector
Oil, Gas and Consumable Fuels
Category
value
Adams Resources & Energy (AE) Draws Activist Attention
AE: Cheap energy/chem transport & logistics co. at 3x EV/EBITDA, 6x EV/FCF. $150M acquisitions 2018-22 vs $70M EV today. 5yr FCF = current EV. Activist (5% stake, $9bn AUM BlackRock-owned) targeting. Risks: Unclear activist plan, limited track record, subpar mgmt since 2018. Resilient biz, but likely overpaid for acquisitions. Seeking insights on cheap valuation.
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