Upside potential 3 year long position Rapala Rapala stock has been under a lot of sales pressure and are currently trading 0.05 eur below all time low. Inventory are valued at 84.7MEUR while MCAP is 88 MEUR. As the worlds leading fishing equipment manufacturer I find the valuation to be very attractive. Trading volume is low, only 2 analysts cover Rapala and has a price target of 2.7EUR.
EBITDA H1 2024 was 16.9MEUR compared to 10MEUR for H1 2023.
Dept is sinking while cash and cash equivalents remains solid at 27.6 MEUR at June 30, 2024.
Long