Added to YB: 2025-04-30
Pitch date: 2025-03-13
CNM [bullish]
Core & Main, Inc.
-11.54%
current return
Author Info
No bio for this author
Company Info
Core & Main, Inc. engages in the distribution of water, wastewater, storm drainage, and fire protection products and related services in the United States.
Market Cap
$8.3B
Pitch Price
$47.24
Price Target
100.00 (+139%)
Dividend
N/A
EV/EBITDA
10.34
P/E
18.79
EV/Sales
1.40
Sector
Trading Companies and Distributors
Category
value
Core & Main, Inc. - $CNM
CNM: Water infrastructure distributor at 25-50% EV/EBITDA discount to peers (12x vs 15-22x). Fears of weather delays, rate impacts & PVC price drops unfounded - profits come from high-margin specialty components not commodity pipes. 2025 catalysts: better weather, lower rates, IIJA spending. Target $60-100 (40-100% upside).
Read full article (6 min)