Added to YB: 2024-02-06
Pitch date: 2024-02-06
CLMT [bullish]
Calumet, Inc.
+80.86%
current return
Author Info
No bio for this author
Company Info
Calumet, Inc. manufactures, formulates, and markets a diversified slate of specialty branded products and renewable fuels to various consumer-facing and industrial markets in North America and internationally.
Market Cap
$2.5B
Pitch Price
$16.25
Price Target
72.50 (+147%)
Dividend
N/A
EV/EBITDA
14.13
P/E
-66.57
EV/Sales
1.22
Sector
Oil, Gas and Consumable Fuels
Category
special_situation
Long thesis for $CLMT
$CLMT: Transformational renewable fuels biz +$250M EBITDA run-rate. C-corp transition, MRL IPO, MaxSAF expansion catalysts drive $32.50 PT EOY24 (10x EBITDA), $72.50 PT EOY26 upside case. Cheap at $17.50 today - get trad. refinery + huge green energy option.
Read full article (17 min)