Added to YB: 2023-12-19
Pitch date: 2023-12-19
NTZ [bullish]
Natuzzi S.p.A.
-80.64%
current return
Author Info
Clark Square Capital is a former equity analyst and now a full-time investor managing their own capital. Sign up for their newsletter
Company Info
Natuzzi S.p.A., together with its subsidiaries, engages in the design, manufacture, and marketing of leather and fabric upholstered furniture in the United States, Italy, China, Brazil, Spain, Mexico, Canada, Australia, Belgium, the United Arab Emirates, South Korea, Israel, Taiwan, the United Kingdom, and internationally.
Market Cap
$12.7M
Pitch Price
$6.25
Price Target
17.00 (+1239%)
Dividend
N/A
EV/EBITDA
1.53
P/E
-0.42
EV/Sales
0.02
Sector
Household Durables
Category
value
Three-minute pitch # 7
NTZ: Italian furniture maker, deep value at €62M mkt cap, PF EV ~€30m (post HQ/tannery sales + China JV) = <0.1x TTM EV/sales. Tangible book €9/share. New McKinsey CEO drove GM +600bps to 37%; orders +19wks. At 2019 rev = €20m EBIT, 8x = €15.5 ($17 vs $6). Activist Kanen owns 11%. Risk: weak demand, illiquid.
Read full article (5 min)