HFG GR

HelloFresh SE - Bearer Shares

Consumer, TMT


Presented:03/11/2022
Price:€36.84
Cap:$7.13B
Current Price:€9.01
Cap:$1.69B

Presented

Date03/11/2022
Price€36.84
Market Cap$7.13B
Ent Value$13.44B
P/E Ratio24.98x
Book Value€5.16
Div Yield0%
Shares O/S173.71M
Ave Daily Vol1,350,945
Short IntN/A

Current

Price€9.01
Market Cap$1.69B
HelloFresh SE engages in the provision of personalized meal solutions. It operates through the following segments: United States of America (USA), International, and Holding. The International segment comprises Australia, Austria, Belgium, Canada, Germany, the Netherlands, Switzerland, and the United Kingdom. The company was founded by Jessica Nilsson Schultz, Thomas W. Griesel, and Dominik S. Richter on October 4, 2011 and is headquartered in Berlin, Germany.

Publicly traded companies mentioned herein: Blue Apron Holdings Inc (APRN), HelloFresh SE (HFG GR)

Highlights

The presenter is long shares of HelloFresh SE (HFG GR), a meal kit delivery service that was a major COVID winner. Since peaking at €90 per share in 2H’21, the stock has steadily fallen to its current €36 share price that is just above pre-COVID levels. Despite market concerns regarding post-COVID normalization and other structural bear theses, the presenter views HelloFresh as a good company with a strong management that will continue growing revenues and earnings. The stock currently trades at 11x consensus EBITDA, which seems low for a business growing topline 20%+, and he expects a double over the next twelve months based on a 20x valuation as HelloFresh continues to execute and grow on tough comps.

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Idea Discussion

Commentor 1 - 2 weeks ago

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