Professional
Added to YB: 2026-10-14
Pitch date: 2026-10-05
SLT.TO [bullish]
Saltire Capital Ltd.
-8.76%
current return
Author Info
Atrium Research provides institutional quality research on underfollowed public equities. Sign up for the newsletter.
Company Info
Saltire Capital Ltd. is a principal investment firm. Saltire Capital Ltd. was founded in 2024 and is based in Vancouver, Canada with additional offices in Toronto, Canada.
Market Cap
$21.0M
Pitch Price
$2.74
Price Target
8.50 (+240%)
Dividend
N/A
EV/EBITDA
11.33
P/E
1.17
EV/Sales
0.80
Sector
Capital Markets
Category
value
Saltire Capital – Building a Permanent Capital Compounding Machine
SLT.TO: Saltire is a permanent-capital vehicle pairing MDI’s defensible cinema-screen franchise with SanStone’s recurring equipment parts-and-service revenue and a fragmented dealer/rental acquisition runway. It trades at 6.1x/5.2x 2026E/2027E adjusted EBITDA; a no-future-acquisitions SOTP, including a 30% holding-company discount, supports a C$8.50 target and 262% upside. Key risks are customer concentration, 3.4x 2026E net leverage and dependence on management’s roll-up execution.
Read full article (31 min)