Professional
Added to YB: 2024-07-26
Pitch date: 2024-07-19
PRGO [bullish]
Perrigo Company plc
-50.49%
current return
Author Info
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Company Info
Perrigo Company plc provides over-the-counter health and wellness solutions in the United States, Europe, and internationally.
Market Cap
$1.9B
Pitch Price
$25.93
Price Target
49.00 (+273%)
Dividend
8.42%
EV/EBITDA
6.07
P/E
-65.16
EV/Sales
1.24
Sector
Pharmaceuticals
Category
turnaround
O'Keefe Stevens Advisory New Position: Perrigo Company plc
PRGO: OTC health co. w/ US store brands (2/3 rev) & intl brands (1/3). FDA issues led to $130M lost income, expected recovery by 2025. New CEO's Project Energize aims $100-110M savings by 2026. Opill OTC birth control launch w/ huge TAM. Est. $3.50 EPS by 2025, 14x PE = $49 PT. Mid-single digit growth post-2025, leverage reduction could lead to multiple expansion.
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