Added to YB: 2025-12-08
Pitch date: 2025-12-03
EXE.PA [bullish]
EXEL Industries SA
+3.63%
current return
Author Info
No bio for this author
Company Info
EXEL Industries SA engages in the manufacture and sale of agricultural spraying equipment in France, the United Kingdom, the Netherlands, Denmark, Germany, Romania, the United States, Australia, and internationally.
Market Cap
EUR 262.5M
Pitch Price
EUR 38.60
Price Target
N/A
Dividend
2.97%
EV/EBITDA
6.00
P/E
9.82
EV/Sales
0.42
Sector
Machinery
Category
turnaround
Mary Mount - 'ROCK TURNER' - EXEL Industries SA
EXE.PA: French ag machinery maker hit by 4-year downturn, volumes down double-digits, margins eroded to low single digits from high singles. Trading 0.55x book, low single digit EV multiple. Recovery thesis on crop cycle bottoming, dealership destocking complete, rates stabilizing. Through-cycle 14% FCFE yield potential on €35M FCF. Family-owned, modest 1.5x leverage.
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