Pitch: Partially a bet on the continuation of the upcycle in the US housing market. International supplier of engineered components for the door & window industry, with 45% market share in NA. The only US manufacturer of all components for doors and windows, except for the glass and frames. Strong TYMN.L moat from extended product life-cycle as well as existing client relationships who require serious credentials in production capabilities and efficient supply chain management.
Valuation: TYMN.L trades at 10x TTM earnings, a valuation that the author considers to be attractive from a risk/reward perspective.
Exp. gain: Not specified.
Full TYMN.L write-up (free guest account required):