RAPT4: Is it time to buy Randon?
By Maurício Rahmani, CFA at Reach Capital
Today we will welcome a special guest to present an investment thesis.
Maurício Rahmani, CFA
After interning at the investment fund Permal in New York and at Citibank in the areas of Equity Sales and Equity Research, Maurício became a partner at Mogno Capital, a company where he worked for four years as a stock analyst covering different market sectors.
Today, he is one of the analysts at Reach Capital, responsible for the Retail and Capital Goods sectors and has 12 years of experience as a stock analyst.
Maurício is a Business Administrator from FGV-SP and has CFA Certification.
The firm's main fund is Reach Total Return, which, in just over 7 years, from Jan/17 to Jun/24, generated a return of 223.88% in the period, while Ibovespa generated a return of just 99.99%.
Just over 2 months ago, Maurício and the Reach team launched a fund with the potential to generate even greater returns, Reach Small Caps BDR FIA, whose main position is Randon (RAPT4).
Let’s get to the thesis presented by our guest!
What is Randon?
Randon is a leading conglomerate in the production of road implements and controller of large auto parts companies for heavy vehicles and the automotive aftermarket, industrial technology and financial services (including a bank).
Randon has net revenue of R$11 billion, a market value of R$3 billion and has a net debt of R$2 billion. We expect an EBITDA of R$1.7 billion and a net profit of R$500 million for the year 2024, with growth in the coming periods.
The company has improved a lot in recent years!