Professional
Added to YB: 2024-07-29
Pitch date: 2024-07-13
CTLP [bullish]
Cantaloupe, Inc.
+59.79%
current return
Author Info
Laughing Water Capital is a boutique investment partnership. Our partners believe that careful analysis of a select group of businesses can lead to above average investment returns for equity investors. Our small size and patient approach give us an advantage that cannot be matched by traditional asset managers or hedge funds that are focused on the day to day gyrations of the stock market, rather than the fundamental value of businesses. Visit their website.
Company Info
Cantaloupe, Inc., a digital payments and software services company, provides technology solutions for the self-service commerce market.
Market Cap
$777.5M
Pitch Price
$6.64
Price Target
N/A
Dividend
N/A
EV/EBITDA
15.77
P/E
13.16
EV/Sales
2.47
Sector
Financial Services
Category
growth
Laughing Water Capital New Position: Cantaloupe, Inc.
CTLP: Self-serve retail solutions provider. 15% rev CAGR, 70% EBITDA CAGR expected thru 2026. On track for $75M EBITDA (FY26), ~$60M FCF. Trades at ~7-9x forward FCF vs 20x+ for peers. Strong transaction growth, subscription backlog due to labor shortage. Recession-resistant, high retention. Insiders buying. Net cash, NOLs. Upside potential as market recognizes improvements.
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