Added to YB: 2024-11-22
Pitch date: 2024-11-22
LNF.TO [bullish]
Leon's Furniture Limited
+4.81%
current return
Author Info
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Company Info
Leon's Furniture Limited, together with its subsidiaries, operates as a retailer of home furnishings, mattresses, appliances, and electronics in Canada.
Market Cap
CAD 2.0B
Pitch Price
CAD 25.03
Price Target
57.00 (+117%)
Dividend
3.37%
EV/EBITDA
6.13
P/E
12.46
EV/Sales
0.79
Sector
Specialty Retail
Category
value
Leon's Furniture Limited - $LNF.TO
LNF.TO: Leading Canadian furniture retailer (12-15% market share) trading at 13x P/E, 7x EV/EBITDA. Catalysts: REIT spinoff of 5.2M sq ft real estate ($940M-$1B value) and 40-acre Toronto land development ($460M). Post-REIT earnings impact mitigated. Sum-of-parts valuation $40-$45, potentially $50-$57.
Read full article (11 min)