Added to YB: 2026-07-30
Pitch date: 2026-07-27
SEM.LS [bullish]
Semapa - Sociedade de Investimento e Gestão, SGPS, S.A.
Author Info
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Company Info
Semapa - Sociedade de Investimento e Gestão, SGPS, S.A., through its subsidiaries, engages in the production and sale of pulp, printing and writing papers, and tissues in Portugal, the rest of Europe, the United States, Africa, Asia, and Oceania.
Market Cap
$1.6B
Pitch Price
N/A
Price Target
35.22
Dividend
3.11%
EV/EBITDA
6.24
P/E
34.12
EV/Sales
1.01
Sector
Paper and Forest Products
Category
value
Semapa - Sociedade de Investimento e Gestão, SGPS, S.A. - $SEM.LS
SEM.LS: Portuguese holdco, ~70% of Navigator (Europe's #1 UWF paper, low-cost, diversifying into tissue/packaging). Just sold Secil for €1.4B EV (~7.5-8x EBITDA), >€1B net cash. 82% family-owned; 2021 take-private failed as value investors held out. SOTP fair value €29.94/sh (post-15% discount) = 46% upside; €35.22 = 72% upside. Buying undervalued asset via undervalued holdco. Risks: Navigator dependence, cyclicality, take-private.
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