Added to YB: 2024-10-03
Pitch date: 2024-09-30
TFF.PA [bullish]
TFF Group
-55.81%
current return
Author Info
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Company Info
TFF Group, together with its subsidiaries, engages in the wine and spirits ageing in the United States, Europe, France, Asia, and internationally.
Market Cap
EUR 364.2M
Pitch Price
EUR 31.64
Price Target
N/A
Dividend
2.38%
EV/EBITDA
13.16
P/E
N/A
EV/Sales
2.13
Sector
Containers and Packaging
Category
value
Tonnellerie Francois Frères: High moat company at discount
TFF.PA: #1 wine/alcohol barrel maker, 71% family-owned. Wine (210M€), Bourbon (198M€, 39% CAGR since 2017), Scotch (78M€) segments. High moat, 22% EBITDA margin. Trading at 9x EV/EBITDA vs 15x historical. Bull: 50% EBITDA growth in 5yrs. Bear: Bourbon stalls, slow 5% growth. Downside limited.
Read full article (9 min)