Professional
Added to YB: 2026-03-03
Pitch date: 2026-02-27
ACNT [bullish]
Ascent Industries Co.
-18.41%
current return
Author Info
River Oaks Capital is an investment fund that invests in a concentrated number of small, underfollowed micro cap & small cap public companies. Sign up for the newsletter.
Company Info
Ascent Industries Co. engages in the development, production, and distribution of specialty chemical solutions.
Market Cap
$126.0M
Pitch Price
$17.06
Price Target
29.20 (+110%)
Dividend
N/A
EV/EBITDA
-91.86
P/E
-22.95
EV/Sales
1.10
Sector
Chemicals
Category
turnaround
River Oaks Capital New Position: Ascent Industries Co.
ACNT (new position): Specialty chem co at <50% capacity utilization across 3 facilities. New CEO Brian Kitchen (turned ClearOn from -$8M to +$36M EBITDA) shifted mix from 90% toll mfg to 35% higher-margin product sales; gross margins 5%→30% on flat rev. Plan: grow $80M→$130M rev at 80% util = $23-26M EBITDA (18-20% margin), $17-20M FCF (14-17% FCF yield). $60M cash for buybacks (20% auth), bolt-ons, growth. Trading 10-11x P/E w/ 70%+ upside to acquirer at scale.
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