We have decided to invest in the Italian yacht builder The Italian Sea Group.
The company has recently been in the spotlight due to the British billionaire Lynch. A lawsuit is now being filed against the widow and the crew for possible damage to the company's image.
In our view, the company serves several megatrends, as its customers are primarily HNIs. It mainly builds superyachts with a length of more than 50 meters. The order volume is sufficient for the next 2 - 3 years. The company is profitable, has double-digit growth and pays a high dividend yield.
In our view, the company is also attractively valued compared to its peer group. The balance sheet is solid and debt is limited.
What do you think of the company?