Professional
Added to YB: 2024-08-02
Pitch date: 2024-07-31
SHIM [neutral]
Shimmick Corporation
-17.87%
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 turnkey infrastructure solutions to the water, energy, climate, and transportation markets in the United States.
Market Cap
$66.7M
Pitch Price
$3.19
Price Target
N/A
Dividend
N/A
EV/EBITDA
-1.38
P/E
-0.61
EV/Sales
0.22
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.
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