Added to YB: 2024-09-06
Pitch date: 2024-09-05
SOM.L [bullish]
Somero Enterprises, Inc.
-3.71%
current return
Author Info
Company Info
Somero Enterprises, Inc. designs, assembles, remanufactures, sells, and distributes concrete leveling, contouring, and placing equipment in North America, Europe, Australia, Latin America, India, China, the Middle East, Korea, and Southeast Asia.
Market Cap
GBP 163.3M
Pitch Price
GBP 2.52
Price Target
3.60 (+48%)
Dividend
3.25%
EV/EBITDA
7.95
P/E
17.53
EV/Sales
1.50
Sector
Machinery
Category
dividend
Quick Pitch: Somero Enterprises, Inc.
SOM.L: Dominant in laser-enabled concrete screeds. 10% organic sales CAGR since FY13, 27% EBIT margin, 34% ROIC. 73% NA sales. Long product cycles (5-10yrs). Strong moat: patents, scale, support. Cyclical risk. FY24 rev guide $110m (-9% YoY). 24% upside to £3.6 PT. 8% dividend yield. PE takeover potential.
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