Tamburi Investment Partners Spa: Resilient Growth and Strategic Investments Drive Buy Rating

Alberto Villa, an analyst from Intermonte, maintained the Buy rating on Tamburi Investment Partners Spa (0G9J – Research Report). The associated price target is €11.80.

Alberto Villa has given his Buy rating due to a combination of factors that highlight the resilience and potential of Tamburi Investment Partners Spa (TIP). The company’s FY24 results demonstrated strong performance despite a challenging macroeconomic environment, with a notable net profit and an increase in shareholders’ equity. TIP’s strategic focus on non-listed investments, particularly in niche markets, has increased their weight to almost half of the net asset value, showcasing the company’s commitment to growth in promising sectors.
Moreover, TIP’s investment strategy includes increasing stakes in successful companies like Alpitour, which is expected to provide significant future optionality. The company’s current market price offers a substantial upside potential compared to its net intrinsic value, making it an attractive opportunity for investors with a mid-term horizon. Additionally, TIP’s ongoing buyback plan and proposed dividend further enhance its investment appeal. These factors, combined with a positive outlook for future investments and IPO conditions, underpin Villa’s Buy rating.

In another report released on March 17, Stifel Nicolaus also reiterated a Buy rating on the stock with a €12.40 price target.