FIE GR

Fielmann AG

Consumer, Event Driven/Special Sit


Presented:05/23/2024
Price:€44.85
Cap:$4.20B
Current Price:€46.00
Cap:$4.30B

Presented

Date05/23/2024
Price€44.85
Market Cap$4.20B
Ent ValueN/A
P/E Ratio30.01x
Book ValueN/A
Div Yield1.67%
Shares O/S83.99M
Ave Daily Vol31,924
Short IntN/A

Current

Price€46.00
Market Cap$4.30B
Fielmann Group AG engages in the operation of and investment in optical businesses and hearing aid companies. It also manufactures and sells visual aids and other optical products. It operates through the following geographical segments: Germany, Switzerland, Austria, Spain and Others. Its products include glasses, frames, lenses, sunglasses, contact lenses, related articles and accessories, merchandise of all kinds and hearing aids and their accessories. The company was founded by Günther Fielmann on September 21, 1972 and is headquartered in Hamburg, Germany.

Publicly traded companies mentioned herein: Fielmann Group AG (FIE GR)

Highlights

The presenter is long shares of Fielmann Group AG (FIE GR), the largest optical retailer in several European countries including Germany, Austria, and Switzerland. As a robust long-term investment, he believes there is potential for 50% to 100% upside over the next three years. Recent strategic shifts, such as management changes and a focus on margin improvement, coupled with the stock’s undervaluation relative to historical metrics contribute to this optimistic perspective. Given the company's dominant position, it should benefit from market tailwinds that will allow it to grow nicely for the next few years.

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Idea Discussion

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