Added to YB: 2026-08-20
Pitch date: 2026-08-17
DNOW [neutral]
DNOW Inc.
-3.58%
current return
Author Info
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Company Info
DNOW Inc. distributes pipe, valves, fittings, and pumps in the United States, Canada, and internationally.
Market Cap
$2.9B
Pitch Price
$16.19
Price Target
32.00 (+105%)
Dividend
N/A
EV/EBITDA
18.29
P/E
-13.30
EV/Sales
0.84
Sector
Trading Companies and Distributors
Category
special_situation
$DNOW: they printed 81 million shares to buy MRC, and now they're buying them back
DNOW (overview): Energy/industrial distributor merged w/ MRC Global Nov'25 (issued 81M shares, +77% count), now aggressively buying back (~$75M H1, more than prior 10 quarters combined). Q2 rev $1.3B (+10% QoQ), adj EBITDA $60M (+54%). ~14x EBITDA EV of $3.3B, net debt 1.7x. Bull case: double on 2029 numbers per Firebird on YAVP. Risks: 50% run off lows so turn partly priced, Q2 GAAP loss $21M, ERP conversion unfinished, $70M synergy target only in call commentary not filings.
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