I think margin compression is probably biggest risk, but because of cheap valuation, i have some tolerance. In their last quarterly report, they announced actually huge margin like 15% net if I remember correctly. In same report, they announced facility will be finished in 2025 and thats what I'm counting on. We were able to dig out from CEOs claim about milk consumption that new facility should bring +50% of new revenues.
Nice write-up! Seems very undervalued.
Do you think current margins are sustainable?
When will the new production facility come online? Their statements seem all over the place, I've seen 2025, 2026 and 2027..
I think margin compression is probably biggest risk, but because of cheap valuation, i have some tolerance. In their last quarterly report, they announced actually huge margin like 15% net if I remember correctly. In same report, they announced facility will be finished in 2025 and thats what I'm counting on. We were able to dig out from CEOs claim about milk consumption that new facility should bring +50% of new revenues.
Ahoj väčšina ich tržieb je z zahraničia najviac by ma zaujímalo ako majú vyriešenú logistiku to by mohlo v budúcnosti znížiť marže
Mají nějakou vlastní logistickou část, ale nevím, jak velkou. Vlastní dopravu mají asi tam, kde to pro ně dává smysl.