Cato Corp. A buy Subdi
Start price
30.01.21
/
60%
€8.95
Target price
29.10.24
€18.00
Performance (%)
3.91%
End price
15.01.23
€9.30
Summary
This prediction ended on 15.01.23 with a price of €9.30. The BUY prediction by Subdi finished with a performance of 3.91%. Subdi has 60% into this predictionPerformance without dividends (%)
| Name | 1w | 1m | 1y | 3y |
|---|---|---|---|---|
| Cato Corp. A | 0.000% | 0.000% | 13.559% | -62.778% |
| iShares Core DAX® | 1,00 % | 4,83 % | 8,15 % | 62,60 % |
| iShares Nasdaq 100 | 2,70 % | -1,72 % | 26,92 % | 88,13 % |
| iShares Nikkei 225® | 3,52 % | -3,51 % | 48,06 % | 78,11 % |
| iShares S&P 500 | 1,77 % | 1,27 % | 23,58 % | 70,47 % |
Comments by Subdi for this prediction
In the thread Cato Corp. A diskutieren
Cato: Debt-Free Retailer With Fortress Balance Sheet And Hidden Real Estate
Dec. 29, 2020 6:00 AM ET
Summary
- Cato’s fortress balance sheet including over $150 million in net cash and $27 million in expected income tax refunds provides certainty that the company can survive a prolonged COVID-19 downturn.
- The company’s competitors are collapsing, as COVID-19 has forced many to close stores or declare bankruptcy.
- Cato owns hidden real estate assets that are worth more than the company’s enterprise value, including a 350-acre mixed-use development and 185 acres of industrial land.
- The company’s valuation is extremely compelling, with Cato trading under 1.0x normalized EV/EBITDA and a normalized FCF yield of ~100%.
- The company has repurchased $9.7 million shares of its common stock during the pandemic and increased the program by an additional 1.5 million shares on November 19. A reinstated dividend could be next.
Kursziel geändert auf 18,0