Added to YB: 2025-12-29
Pitch date: 2025-12-23
HEAD.L [bullish]
Headlam Group plc
-0.83%
current return
Author Info
Dismissed & Asset Backed has their heads stuck in 10Ks and 10Qs of 'old world' businesses trading below tangible book value. Sign up for the newsletter.
Company Info
Headlam Group plc, together with its subsidiaries, engages in the sale, marketing, supply, and distribution of floorcovering and other ancillary products in the United Kingdom and Continental Europe.
Market Cap
GBP 38.5M
Pitch Price
GBP 0.48
Price Target
1.34 (+179%)
Dividend
N/A
EV/EBITDA
-5.31
P/E
-1.07
EV/Sales
0.20
Sector
Distributors
Category
turnaround
Headlam (HEAD) - Leading Loss-Making Flooring Distributor with Meaningful Property Values and a Recent Sense of Urgency after Management Change
HEAD.L: UK's largest flooring distributor at 0.30x P/TB (£40m mcap), down 85% from highs. New mgmt pivoting from failed Trade Counter strategy back to core independent retailers. £35m cost savings target, aiming profitable by 2027. £80m property value vs £64m EV provides downside protection. Upside to 134p+ if turnaround succeeds.
Read full article (6 min)