FERG LN

Ferguson Plc.

Consumer, Industrial/Transportation


Presented:08/18/2021
Price:£101.30
Cap:$34.40B
Current Price:£154.30
Cap:$47.87B

Presented

Date08/18/2021
Price£101.30
Market Cap$34.40B
Ent Value$31.97B
P/E Ratio22.21x
Book Value£14.54
Div Yield2.02%
Shares O/S221.03M
Ave Daily Vol298,750
Short IntN/A

Current

Price£154.30
Market Cap$47.87B
Ferguson Plc engages in the supply of plumbing and heating products to professional contractors & consumers; repair, maintenance and improvement and new construction markets through its subsidiaries. The company was founded in 1887 and is headquartered in Wokingham, the United Kingdom.

Publicly traded companies mentioned herein: Ferguson PLC (FERG LN), Pool Corp (POOL), WW Granger Inc (GWW)

Highlights

The presenter is long shares of Ferguson PLC (FERG LN), a distributor of plumbing, HVAC, water heaters, and a handful of other categories, which has a primary listing in the UK and a secondary listing in the US despite 100% of its business coming from North America. He targets ~40% upside for the stock based on slight outperformance of Street expectations and a degree of EBITDA multiple expansion from 13x to 15x with potential upside to 20x+. An upcoming catalyst for this expansion is near as FERG switches to a US primary listing in Q1’22. Overall, this is a great business that will benefit from the US coverage initiations. 

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Idea Discussion

Commentor 1 - 2 weeks ago

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