Added to YB: 2026-10-13
Pitch date: 2026-10-07
SPG.AX [bullish]
SPC Global Holdings Ltd
-15%
current return
Author Info
Raper Capital has 20+ years of buy- and sell-side experience in a variety of roles, and currently manage my single family office, Raper Capital Sign up for the newsletter.
Company Info
SPC Global Holdings Ltd operates as a food and beverage company in Australia, New Zealand, the United States, Canada, Asia, and internationally.
Market Cap
AUD 90.7M
Pitch Price
AUD 0.08
Price Target
0.20 (+194%)
Dividend
N/A
EV/EBITDA
11.72
P/E
-0.59
EV/Sales
1.01
Sector
Food Products
Category
turnaround
SPC Global (ASX: SPG)
SPG.AX: SPC Global’s recapitalisation repaired the balance sheet, while ~A$16M of identified cost savings more than cover the A$7.7M guided FY27 EBITDA uplift. At 7.5c, it trades near 4x guided EBITDA and 3-5x free cash flow versus direct comps at 9-9.5x; the 20c base target assumes stabilisation, not full parity. Risks are a guidance miss, weak statutory cash conversion, sub-underwriter selling and an uncommitted break-up timeline.
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