bullish
The Keepers Holdings (KEEPR PM) - Tuesday, Aug 20, 2024
SUMMARY
- The Keepers Holdings is a Philippine spirit importer and distributor trading at PHP1.73 per share with a 7.6x FY24E P/E and a 6% dividend yield.
- Despite its success in growing volumes at an 18% CAGR over the past decade, imported spirits still represent a small portion of the Philippine market, indicating significant growth potential.
- KEEPR's asset-light business model and 50% payout ratio suggest room for further growth, with the potential for book value per share and dividends to compound at 20% annually. The company's valuation is seen as undervalued at its current multiple, with a more appropriate 15x P/E multiple projected.
This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.
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