Added to YB: 2025-07-14
Pitch date: 2025-07-13
OPN.WA [bullish]
Oponeo.pl S.A.
Author Info
Clark Square Capital is a former equity analyst and now a full-time investor managing their own capital. Sign up for their newsletter
Company Info
Oponeo.pl S.A. engages in the online retail of tyres and wheels for motor vehicles in Poland. The company operates through Car Accessories, Bicycle Accessories and Tools segments.
Market Cap
PLN 1.2B
Pitch Price
N/A
Price Target
160.00
Dividend
6.54%
EV/EBITDA
10.22
P/E
19.04
EV/Sales
0.63
Sector
Specialty Retail
Category
value
Dirt cheap compounder with a kicker
OPN.WA (new position): Polish online tire leader (15-20% mkt share, 50-70% online) at 9x EPS ex-Dadelo stake. Tires growing HSD/LDD via volume+share gains; Delticom's 25% GM suggests margin upside. 60% stake in Dadelo (bike ecom, +50% growth, e-bike subsidy tailwind) worth PLN320m. SOTP PLN160/sh = 80% upside; 7% div yield. Long.
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