Professional
Added to YB: 2024-08-02
Pitch date: 2024-07-31
SHIM [neutral]
Shimmick Corporation
+22.88%
current return
Author Info
Pernas Research is a former CIO of a $3.5B fund that now share actionable stock research. Sign up for the newsletter.
Company Info
Shimmick Corporation provides water and other critical infrastructure solutions in the United States.
Market Cap
$109.4M
Pitch Price
$3.19
Price Target
N/A
Dividend
N/A
EV/EBITDA
-5.97
P/E
-2.86
EV/Sales
0.23
Sector
Construction and Engineering
Category
turnaround
Pernas Research Passes On: Shimmick Corporation
SHIM: Leading water infrastructure provider, $600M+ revenue, top 10 in USA. Microcap ($120M) at $3.09/share despite size. Consistently unprofitable, gross margins ~5% vs. industry ~10%. CFO resigned. Lacks financial discipline. Pass, but monitor new CFO's actions for potential turnaround.
Read full article (1 min)