<- Go home

Added to YB: 2026-10-15

Pitch date: 2026-10-12

CTA.L [bullish]

CT Automotive Group plc

-0.93%

current return

Author Info

Dismissed & Asset Backed has their heads stuck in 10Ks and 10Qs of 'old world' businesses trading below tangible book value. Sign up for the newsletter.

Company Info

CT Automotive Group plc designs, develops, manufactures, and sells automotive interior components and kinematic assemblies for automotive brands in the United Kingdom and internationally.

Market Cap

GBP 20.9M

Pitch Price

GBP 0.21

Price Target

51.00 (+23621%)

Dividend

N/A

EV/EBITDA

3.25

P/E

3.30

EV/Sales

0.32

Sector

Automobile Components

Category

value

Show full summary:
CT Automotive (CTA) – A Founder-Led Automotive Supplier Close to an ATL Multiple

CTA.L (monitor): CT Automotive trades at 0.68x tangible book after a 60% decline, while restructuring, automation and Mexico’s ramp have restored profitability and returned revenue to growth. If valued by 2029 at 3.2x 2028 EBITDA of $16.2m, the scenario implies £0.51 per share, or 140% upside. The thesis hinges on resolving Marelli’s disputed price escalators and strained liquidity; its 40%-of-sales customer remains in Chapter 11.

Read full article (8 min)