Added to YB: 2024-08-14
Pitch date: 2024-06-30
BRC [bullish]
Brady Corporation
+24.71%
current return
Author Info
No bio for this author
Company Info
Brady Corporation manufactures and supplies identification solutions and workplace safety products that identify and protect premises, products, and people in the Americas, Asia, Europe, and Australia.
Market Cap
$3.4B
Pitch Price
$64.85
Price Target
N/A
Dividend
1.34%
EV/EBITDA
10.44
P/E
17.92
EV/Sales
2.23
Sector
Commercial Services and Supplies
Category
value
Heartland Opportunistic Value Equity Strategy Added On Portfolio Holding: Brady Corporation
BRC: ID solutions maker, $3.1B cap. Streamlined ops led to record 17% margin in FY23 vs 14% 10yr median. R&D up to 5% of sales from 3.2% in FY16. Trades 20% below sector despite better margins/balance sheet. Potential for growth acceleration & valuation gap closure as high-margin industrial ID sales rise. Risks: tepid organic growth history.
Read full article (1 min)