Added to YB: 2024-07-31
Pitch date: 2024-06-30
WCC [bullish]
WESCO International, Inc.
+89.87%
current return
Author Info
No bio for this author
Company Info
WESCO International, Inc. provides business-to-business distribution, logistics services, and supply chain solutions in the United States, Canada, and internationally.
Market Cap
$14.9B
Pitch Price
$158.03
Price Target
N/A
Dividend
0.65%
EV/EBITDA
12.02
P/E
23.53
EV/Sales
0.90
Sector
Trading Companies and Distributors
Category
value
Third Avenue Real Estate Value Fund Portfolio Holding: WESCO International, Inc.
WCC: Leading B2B distributor (electrical, communications, utility) w/ 50k suppliers, 150k customers. 30% LTV, 4x fixed-charge coverage. Post-Anixter acquisition, $500M working capital release & 10% FCF boost expected. Trading at double-digit FCF yield, discount to NAV. Secular tailwinds: grid upgrades, nearshoring, automation, data centers. Mgmt targets 300bps margin expansion.
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