Added to YB: 2025-04-11
Pitch date: 2025-04-09
KABE-B.ST [bullish]
KABE Group AB (publ.)
-25.07%
current return
Author Info
DB_Silver_Fox is a CFO and value investor interested in: European & US hidden champions, simple and effective business models, and US Banks. Sign up for the newsletter.
Company Info
KABE Group AB (publ.), together with its subsidiaries, engages in the construction and sale of caravans and motorhomes and camping accessories in Sweden, the United Kingdom, Poland, and Europe.
Market Cap
SEK 2.2B
Pitch Price
SEK 272.91
Price Target
N/A
Dividend
1.61%
EV/EBITDA
7.86
P/E
11.55
EV/Sales
0.59
Sector
Automobiles
Category
value
KABE Group AB (publ.) - $KABE-B.ST
KABE-B.ST: RV maker trading near book value (1.4x TBV vs 1.8x avg). Normalized earnings 150-200M SEK, 15x multiple = 2250-3000M SEK EV. Current EV 2225M SEK. Long-term tailwinds from nomadic lifestyles, but cyclical. 7.5% sales CAGR, 8.5% EBIT CAGR. Inventory buildup causing cash flow issues. 10-12% ROE potential.
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