Added to YB: 2023-10-16
Pitch date: 2023-10-15
SAGCV.HE [bullish]
Saga Furs Oyj
+104.98%
current return
Author Info
Company Info
Saga Furs Oyj operates an auction house furs in Finland. The company offers finnraccoon, fox, and mink furs.
Market Cap
EUR 36.8M
Pitch Price
EUR 6.98
Price Target
N/A
Dividend
6.35%
EV/EBITDA
1.41
P/E
7.47
EV/Sales
0.27
Sector
Commercial Services and Supplies
Category
value
Saga Furs: A net-net and soon monopolistic Business
SAGCV.HE: Finnish fur auction house at 0.75x NCAV (€43m NCAV vs €33m mcap) + ~€60m real estate. Catalyst: top rival Kopenhagen Fur liquidating 2025, giving Saga near-monopoly (70-90% share) & pricing power. Asset-light, huge operating leverage above €45m rev. Low mink prices/production should mean-revert. 2023E EPS €0.63 (13.5x), ~5.8% div yield; NP could exceed €10m. High uncertainty, low risk.
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