SNLRF - Sanlorenzo: A High-Quality European Luxury Gem At A Good Price
2025-02-05 23:55:58 ET
Summary
- Sanlorenzo S.p.A. is a luxury yacht manufacturer, showing consistent revenue and profit growth since 2004 under CEO Massimo Perrotti.
- A resilient business model, secular growth trends, excellent management with significant skin in the game and a flawless balance sheet are the most important examples of their high-quality characteristics.
- A dividend yield of 2.8% and plenty of dividend growth potential makes it an attractive investment candidate for the dividend growth investor.
- Based on the earnings growth model SNRLF is a long-term "BUY" at current prices.
Introduction
The year 2024 has clearly been the year of American stocks. This was not the case for European stocks, and for small caps it was even worse.
Luckily, this also has its advantages. There are also some quality companies that can be picked up at good prices. This turned my attention to Sanlorenzo S.p.A. ( OTCPK:SNLRF ). A relatively small company with a market cap of €1.2 billion. Small doesn't always have to be a bad, as long as the fundamentals are good....
Sanlorenzo: A High-Quality European Luxury Gem At A Good Price