Added to YB: 2024-07-05
Pitch date: 2024-07-04
HAYPP.ST [bullish]
Haypp Group AB (publ)
+87.44%
current return
Author Info
Divergent Capital is a self-taught value investor in the tradition of Graham, Buffett and Munger. Sign up for the newsletter.
Company Info
Haypp Group AB (publ) operates as an online retailer of tobacco-free nicotine pouches and snus products in Sweden, Norway, the rest of Europe, and the United States.
Market Cap
SEK 4.5B
Pitch Price
SEK 78.00
Price Target
N/A
Dividend
N/A
EV/EBITDA
28.58
P/E
63.97
EV/Sales
1.23
Sector
Specialty Retail
Category
growth
Haypp Group AB - A Fly-Wheel Business Surfing the Nicotine Pouch Tidal Wave, Positioned to Benefit From Intense Competition - Thesis Summary and Introduction
HAYPP.ST: Online retailer of reduced-risk nicotine products. Potential multi-bagger due to nicotine pouch trend. Strong competitive advantages: network effects, economies of scale, low prices. TAM: billions in US alone. Q1 2024 growth markets breakeven. Core markets (Sweden, Norway) profitable. Experienced management, insider ownership. Trading at attractive valuation with margin of safety.
Read full article (10 min)