Professional
Added to YB: 2023-09-25
Pitch date: 2023-09-25
HUMBLE.ST [bullish]
Humble Group AB (publ)
-0.25%
current return
Author Info
Alta Fox Capital Management is an alternative asset management firm based in Fort Worth, Texas, thaat occaionally shares stock pitches. Follow on Twitter.
Company Info
Humble Group AB (publ) refines, develops, and distributes fast-moving consumer products in Sweden and internationally.
Market Cap
SEK 4.0B
Pitch Price
SEK 8.05
Price Target
N/A
Dividend
N/A
EV/EBITDA
10.77
P/E
32.87
EV/Sales
0.76
Sector
Personal Care Products
Category
growth
Alta Fox Capital new pitch - Humble Group AB (HUMBLE.ST)
HUMBLE.ST: Leading better-for-you staples co in Europe, 60% sales from Sweden. Attractive geography & category growing 3x traditional snacks. LDD organic growth target supported by shelf space gains. EBITDA margins to rebound to 12-13% on freight reduction & pricing. >200% upside to SEK 24.5 by '25 on earnings build and re-rating to peer 13x EBITDA. Downside protected by PE interest in Q4 '22 at 15-17/sh. Insider buying validates bullish outlook. 6.6x NTM EBITDA is too cheap.
Read full article (14 min)