Added to YB: 2025-03-28
Pitch date: 2025-03-09
MAGN [bullish]
Magnera Corporation
-30.04%
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. It sells its products primarily into consumer-oriented end markets, such as healthcare, and personal care.
Market Cap
$532.7M
Pitch Price
$19.84
Price Target
60.00 (+332%)
Dividend
N/A
EV/EBITDA
7.02
P/E
-3.97
EV/Sales
0.69
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.
Read full article (11 min)