This Small Cap Could Double Thanks To Powerful Megatrends

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Dec 03, 2023

∙ Paid

Highlights:

Thanks to organic growth and 17 acquisitions, this small-cap has grown from a sub-$10 million market cap in 2002 to a $400M-plus valuation today.
Megatrends including industrial automation, data centers, EV charging, and more should increase secular demand.
Targeted M&A and the integration of larger, recent acquisitions suggest continued margin expansion.
At 9x EBITDA and ~13x free cash flow, there’s a multi-year path to a double if the company delivers.