Hi, I frequently see different getquin members buying this company but I don't get it. IMO The company is massively overvalued, over 95 P/FCF and 38 Forward PE + slowing growth concern. The 14% YOY growth cannot justify such valuation for a coockie business. Margins are relative low considering the valuation, 38% gross margin (that is declining YOY) and 16% operating margin (in line with the food sector).
Don't get me wrong I am not criticizing your investment choice, I only would like to understand more about the company because I would like to open a position too since I eat a lot of these biscuits ahahah . I just don't understand the valuation and maybe you have some pieces of information that I don't have.
According to my D/FCF Model (and my assumptions) I should open a position under 5.200 euro per share to have a 12% return every year over the next 10 years.
