Inchcape PLC (LON: INCH) is the topic of conversation when Mike Allen, Head of Research at Zeus Capital talks to DirectorsTalk. Mike explains when he has recently published a new research note on the company, whats changed in terms of an investment case, changes made to the portfolio and shares his view on the company valuation at the moment.
Inchcape is the leading independent multi-brand Automotive Distributor and Retailer, operating in 32 markets with a portfolio of the world’s leading car brands. Inchcape has diversified multi-channel revenue streams including sale of new and used vehicles, parts, service, finance and insurance. The Company has been listed on the London Stock Exchange since 1958, is headquartered in London and employs around 18,700 people.
The company has a multi-layered growth story, with our highly cash generative and attractive Distribution business at its core. Together with the company’s Ignite strategy which focuses on business optimisation initiatives, new contract opportunities, as well as capitalisation of future industry trends, Inchcape can deliver growth for shareholders through organic progress, consolidation and cash returns.