The Keepers Holdings, Inc. Watchlist
Keepers Holdings: Cheap Consumption Multibagger in the Philippines
1.4k Views, 22 Jan 2022 19:51
The Keepers Holdings, Inc. (KEEPR PM) is a play on the imported liquor distribution business in the Philippines, with a >74% marketshare conservatively growing at 12-15% CAGR.
- Trading at 11.5x/10.0x FY21/22 PE with 35% of the market capitalization in cash ( implying an ex-cash PE of 7.5x), the stock is cheap with a significant margin of safety.
- Value enhancing asset injection angle with potential for the chairman Lucio Co to inject his Bodegas William and Humbers (W&H) stake into the listco.