Current price: C$1.72
Buyout Offer: TBD
Upside: TBD
Expiration Date: TBD
MRC Global (MRC), mcap=$896m, price $10.73 vs $10.50
Industrial distribution company at a reasonable valuation of 10.5x EBIT guidance for ’22.
Guidance for 2022 sandbagged.
Exposure to cyclical recovery in O&G-focused business lines.
FCF is forecasted to increase 150% by 2024 driven by 10% revenue CAGR and SG&A cost efficiencies.