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Are there butter times ahead for spreads? Upfield (Flora Food Group) Deep-Dive Report Package
In this two-part report, distressed analyst Emmet Mc Nally looks at outlook for the group. In part one, we outline fundamentals with an analysis of leverage, EBITDA and FCF generation as well as relative value and blended EBTIDA multiples.
We outline the whether the group can refinance and under what scenarios. The report includes a detailed look at bolt-on acquisition Violife and concludes with an assessment of asset valuation.
Part two continues with a look at liquidity, earnings outlook and de-leveraging prospects, the potential impact of the war in Ukraine and price inflation pressures more broadly.
- Fundamentals - leverage, EBITDA and FCF generation
- Relative Value
- Asset Value and blended EBITDA multiples
- Earnings outlook
- De-leveraging prospects
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