Professional
Added to YB: 2024-07-04
Pitch date: 2024-07-03
HFG.DE [bullish]
HelloFresh SE
+4.15%
current return
Author Info
Optimist Fund is a concentrated, global growth-oriented value investment partnership Follow on Twitter/X.
Company Info
HelloFresh SE, together with its subsidiaries, operates as meal kit provider for home industry. The company offers premium meals, protein swaps, double portions, and extra recipes, as well as add-ons, such as soups, snacks, fruit boxes, desserts, ready-to-eat meals, and seasonal boxes.
Market Cap
EUR 887.5M
Pitch Price
EUR 5.40
Price Target
30.00 (+434%)
Dividend
N/A
EV/EBITDA
5.92
P/E
-4.98
EV/Sales
0.19
Sector
Consumer Staples Distribution and Retail
Category
growth
HelloFresh: Attractive Risk/Reward Profile with Potential for Significant Upside
HFG.DE: Potential 6x upside to €30 PT. Mealkit growth could drive 400%+ gain in 18mo. Ready-to-eat margins normalizing & revenue growth provide downside protection. Q2 rev beat likely. Co. focusing on mealkit profit growth. 8x 2025E EBITDA = €30. H2 EBITDA hit implies higher 2025 vs 2024 due to poor H1 2024 RTE earnings.
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