2024-02-06 04:50:15 ET
Summary
- PetIQ is implementing a cost-cutting program to support its cash-generating product segment and close inefficient clinics in the services segment.
- The company's strong cash generation and revenue growth are not reflected in its current valuation multiples, presenting an upside potential of around 30%.
- The opportunity to franchise its clinics and create an integrated network could lead to extraordinary multiples and significant improvements in EBITDA margins.
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PetIQ: Cost Savings, Higher EBITDA Suggest A Potential Valuation Re-Rate