Added to YB: 2025-04-11
Pitch date: 2025-04-09
NEO.TO [bullish]
Neo Performance Materials Inc.
+19.04%
current return
Author Info
everyonehatespoetry is an equities analyst sharing his best special situations / GARP ideas, mostly small and micro caps. Sign up for the newsletter.
Company Info
Neo Performance Materials Inc. engages in the manufacture and sale of rare earth, magnetic powders, magnets, and rare metal-based functional materials in China, Japan, Thailand, South Korea, North America, Europe, and internationally.
Market Cap
CAD 225.9M
Pitch Price
CAD 8.51
Price Target
30.00 (+196%)
Dividend
5.20%
Sector
Chemicals
Category
special_situation
Neo Performance Materials (TSX: NEO)
NEO.TO: Rare earth processor at 3.2x EBITDA, 5% yield. Strategic asset outside China. New CEO improved ops, sold bad assets. $125M capex projects near completion, adding $20M+ EBITDA. Strategic review ongoing. Huge upside if China-West trade war escalates, as seen in 2010-11 when EBITDA jumped 7x.
Read full article (11 min)