Added to YB: 2023-12-18
Pitch date: 2023-12-18
AOJ-B.CO [bullish]
Brødrene A & O Johansen A/S
+44.28%
current return
Author Info
No bio for this author
Company Info
Brødrene A & O Johansen A/S, together with its subsidiaries, engages in the sale and distribution of technical installation materials and tools in Denmark, Sweden, and Norway.
Market Cap
DKK 2.1B
Pitch Price
DKK 63.69
Price Target
N/A
Dividend
4.90%
EV/EBITDA
10.56
P/E
14.22
EV/Sales
0.65
Sector
Trading Companies and Distributors
Category
special_situation
Buy a market leader at approx. 8-9x depressed net earnings (40-50% global peer discount) & 6-7% yearly dividend
AOJ: Danish B2B/B2C plumbing leader at 7-8x depressed EBIT, 6-7% div. RE worth 50%+ of $280M mkt cap. Tech like automated warehouses/unmanned stores drive retention. Entering upcycle at peak share with no major capex. 4th-gen family-run, CEO shareholder friendly. Undervalued on low float, new to investors. Margin upside seen. 84yo CEO moved to US, no heir, so buyout potential. Solid risk/reward on market position, tech, & sale optionality amid industry upturn & macro.
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