Added to YB: 2024-01-09
Pitch date: 2024-01-09
ALVU.PA [bullish]
Vente-Unique.com SA
+24.64%
current return
Author Info
Clark Square Capital is a former equity analyst and now a full-time investor managing their own capital. Sign up for their newsletter
Company Info
Vente-Unique.com SA engages in the sale of furniture and home furnishing in France and internationally.
Market Cap
EUR 165.0M
Pitch Price
EUR 12.07
Price Target
25.00 (+66%)
Dividend
2.93%
EV/EBITDA
9.95
P/E
20.18
EV/Sales
0.76
Sector
Specialty Retail
Category
value
Three-minute pitch #8
ALVU.PA: French furniture e-com, €130m mkt cap, ~€100m EV, 63% owned by CAFOM. Trades <9x FY23 EBITDA vs peers 19-22x. E-com growing +17%, GMV +28%. New marketplace (3P) model at ~100% EBITDA margins drives FY25 EBITDA to ~€18m. At 12x = €25, ~90% upside. Risks: macro, illiquid.
Read full article (4 min)