Professional
Added to YB: 2024-11-04
Pitch date: 2024-10-30
LNF.TO [bullish]
Leon's Furniture Limited
+0.52%
current return
Author Info
No bio for this author
Company Info
Leon's Furniture Limited, together with its subsidiaries, operates as a retailer of home furnishings, mattresses, appliances, and electronics in Canada.
Market Cap
CAD 1.8B
Pitch Price
CAD 26.91
Price Target
N/A
Dividend
2.96%
Sector
Specialty Retail
Category
value
Greystone Capital Management Portfolio Holding: Leon's Furniture Limited
LNF.TO: Canada's largest furniture retailer, 15% market share, 302 stores, $2.5B revenue. 8.5% EPS CAGR last 20yrs. Scale advantages in purchasing, advertising. Family-run, 70% owned. Undervalued real estate ($1.2-1.6B) vs $1.8B market cap. REIT IPO by 2025. Toronto HQ development potential $200-400M. Trades at 6x EBITDA, 9x FCF. Top 5 holding.
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