Added to YB: 2026-02-19
Pitch date: 2026-02-16
ATG.L [bullish]
Auction Technology Group plc
+5.51%
current return
Author Info
No bio for this author
Company Info
Auction Technology Group plc operates online auction marketplaces in the United Kingdom, the United States, and Germany.
Market Cap
GBP 495.2M
Pitch Price
GBP 3.00
Price Target
N/A
Dividend
N/A
EV/EBITDA
11.81
P/E
-3.46
EV/Sales
3.53
Sector
Diversified Consumer Services
Category
value
Auction Technology Group bought @ 297p over past few days.
ATG.L (new position): Niche auction platform at 8.8x EBITDA, 10.7x P/E, 9% FCF yield despite rev growth from $93M ('21) to $190M ('25). FitzWalter (22% owner, 560p cost basis) bid 400p rejected, still circling. Chairish acq ($85M) spooked investors but $8M cost synergies expected by FY27. Upside via: 1) re-rate to ~16x P/E 2) synergies delivery+buybacks at 12%+ FCF yield 3) FW returns 2H'26
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