What are MM’s thoughts on Close The Loop (CLG)?
Hi guys Your thoughts on close the loop clg Its forecasting ebitda of 22mill in 23 to almost double to 43 mill in 24 Being in recycling it should be a good growth area for the long term Thanks Tony
The Latest Q&A
Answer
Hi Tony,
I’ve included what our analyst wrote on the stock this week – we’re less familiar with it at MM.
Yesterday Close The Loop (CLG) released a trading update, alongside FY23 and FY24 guidance. We thought it was a very strong update and outlook from the group post completion of ISP. We remain conservative relative to the global opportunity, synergies and further rollout for CLG. The group is trading on ~5x EV/EBITDA and ~9x PE in FY24, well below peers, with double digit organic growth.
