A Quality Business Worth Owning At 13x EBITDA
Market share growth and operating leverage mean two decades of double-digit annualized returns should continue
💡 Highlights:
The global foodservice industry has recovered fully from the pandemic, and strong growth continues.
Secular shifts toward outsourcing should benefit the industry’s three major players — including its biggest.
Shares do trade at a premium to peers. But that premium seems worth paying up for.
This may not be a glamorous business but Investors are ignoring some significant tailwinds.