Added to YB: 2024-05-13
Pitch date: 2024-05-10
ESAB [bullish]
ESAB Corporation
+5.04%
current return
Author Info
Company Info
ESAB Corporation engages in the formulation, development, manufacture, and supply of consumable products and equipment for use in cutting, joining, automated welding, and gas control equipment.
Market Cap
$6.8B
Pitch Price
$109.91
Price Target
124.00 (+7%)
Dividend
0.36%
EV/EBITDA
14.28
P/E
25.00
EV/Sales
2.89
Sector
Machinery
Category
growth
ESAB Corporation - $ESAB
ESAB: Leading welding company. 13% 3yr rev CAGR. Solid mgmt incentivized on EBITDA & FCF. Demand from manufacturing spending + 'solutions' offerings. Trades at 21x NTM P/E vs 23x peers. Raising FY24 guidance on record Q1, AI benefits, portfolio expansion driving growth. PT $124 implies 23x $5.40 EPS. Risks: M&A, cyclicality, liabilities.
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