Added to YB: 2021-05-04
Pitch date: 2021-05-04
HYFM [bullish]
Hydrofarm Holdings Group, Inc.
-99.86%
current return
Author Info
No bio for this author
Company Info
Hydrofarm Holdings Group, Inc., together with its subsidiaries, manufactures and distributes hydroponics equipment and supplies for controlled environment agriculture (CEA) in the United States and Canada.
Market Cap
$4.6M
Pitch Price
$660.00
Price Target
76.00 (+8116%)
Dividend
N/A
EV/EBITDA
-12.62
P/E
-0.02
EV/Sales
1.47
Sector
Machinery
Category
growth
Hydrofarm: Picks and Shovels
HYFM: Hydrofarm is a picks-and-shovels supplier to controlled-environment agriculture, positioned for cannabis legalization and broader vertical-farming adoption. Management guided to 20-25% organic sales growth and a 6.8-7.2% adjusted EBITDA margin in 2021, while proprietary brands, replenishment-driven consumables and accretive acquisitions support further margin expansion. At $64.42, the $76 target assumes a move from 5.3x to 6.3x forward sales despite limited comparable companies.
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