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Quick Value #223 - Industrial Turnaround at 10x FCF
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Quick Value #223 - Industrial Turnaround at 10x FCF

dividend cut stock sell-off + new management + turnaround math = upside?

Jun 24, 2024
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Value Don't Lie
Value Don't Lie
Quick Value #223 - Industrial Turnaround at 10x FCF
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Today’s idea:

  • Manufacturer of consumer / industrial products

  • Former dividend aristocrat slashed dividend by 90%

  • New CEO and turnaround plan targeting 15% EBIT growth in 2 years

  • Reasonable valuation at 10x earnings, 8x EBITDA, 100% FCF conversion

  • Rapid deleveraging from cash flow and asset sales over next few years

[Trying something new alongside today’s post… I’ve included an audio recording (podcast style) to describe the idea. Let me know what you think in the comments.]

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