Added to YB: 2025-03-28
Pitch date: 2025-03-09
MAGN [bullish]
Magnera Corporation
-26.21%
current return
Author Info
Alt Capital writes about public equities and credit with a focus on special situations: restructurings, M&A, spinoffs, governance changes, stockholder activism. Primarily small/micro caps. Background in corporate restructuring (~10 years). Based in NYC. Sign up for the newsletter.
Company Info
Magnera Corporation manufactures and sells non-woven and related products worldwide. The company offers a range of material solutions, including components for absorbent hygiene products, protective apparel, wipes, specialty building and construction products, and products serving the food and beverage industry.
Market Cap
$323.6M
Pitch Price
$19.84
Price Target
60.00 (+310%)
Dividend
N/A
EV/EBITDA
7.16
P/E
-1.09
EV/Sales
0.72
Sector
Paper and Forest Products
Category
turnaround
Magnera Corp - Post-Spinoff/Merger Equity In Cyclical Trough with 2-3x Upside
MAGN: Global nonwoven producer, $700M mkt cap. Post-merger, $3.7B rev. Cyclical trough, 11% EBITDA margin. 6.5x EV/EBITDA, $50M synergies. Bull case: margins to 15%, $60/sh. Conservative: $29/sh, 20%+ IRR. Risks: supply/demand imbalance, Asian competition. Catalysts: earnings, guidance, coverage.
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