Added to YB: 2026-05-21
Pitch date: 2026-05-18
SEM.LS [bullish]
Semapa - Sociedade de Investimento e Gestão, SGPS, S.A.
+0.88%
current return
Author Info
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Company Info
Semapa - Sociedade de Investimento e Gestão, SGPS, S.A., through its subsidiaries, produces and sells pulp, printing and writing papers, and tissues in Portugal, the rest of Europe, the United States, Africa, Asia, and Oceania.
Market Cap
EUR 1.8B
Pitch Price
EUR 22.75
Price Target
34.00 (+49%)
Dividend
N/A
EV/EBITDA
10.64
P/E
39.02
EV/Sales
1.63
Sector
Paper and Forest Products
Category
special_situation
Semapa (LSI: SEM) — ~50% discount and a potential catalyst
SEM.LS: Portuguese holding co at 49% NAV discount (30% excluding unlisted assets). Owns 70% of Navigator (NVG), Europe's lowest-cost paper producer benefiting from 12% capacity closures. €761M net cash (40% of mcap) from Secil sale. Queiroz family (83% owner) tried 2021 delisting at €12.17, rejected by funds. May 28 AGM voting on 10% buyback could enable second delisting attempt near €34/share fair value vs €17 current.
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