Added to YB: 2023-12-04
Pitch date: 2023-11-26
TFW.L [bullish]
FW Thorpe Plc
-15.52%
current return
Author Info
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Company Info
FW Thorpe Plc, together with its subsidiaries, designs, manufactures, and supplies professional lighting equipment in the United Kingdom, the Netherlands, Germany, rest of Europe, and internationally.
Market Cap
GBP 422.2M
Pitch Price
GBP 3.34
Price Target
N/A
Dividend
1.82%
EV/EBITDA
11.63
P/E
19.09
EV/Sales
2.24
Sector
Electrical Equipment
Category
growth
FW Thorpe
TFW LN: UK lighting mfr since '36, 45% family owned, £416M mcap @ £3.56/sh. Aligns w/ energy trends via color-tuning & Ratio EV Charging JV. 10yr 12% rev CAGR, strong margins. -19% YoY but JV UK entry, new EV chargers & EU M&A offer growth. 18x fwd P/E < 5yr avg. Risks: competition, gov policy. Resilient via financials & product distinction.
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