Kontrol Technologies (KNR:Cboe)
Kontrol Technologies recently completed the sale of two subsidiaries for over $24M, allowing it to pay off all of its debt and reach a net cash position of $11.5M. KNR plans to reinvest the proceeds into organic growth, tuck-in acquisitions and stock buybacks.
KNR operates in two secular growth markets, smart building technology and HVAC services, providing a backing for future organic growth.
Given its large cash balance, KNR trades at only 0.5x 2025E EBITDA
Investment Summary
Kontrol Technologies Corp. is a leader in smart buildings and cities and provides solutions and services to its customers to improve energy management, monitor continuous emissions, and accelerate the sustainability of all buildings.
Company Description
Research
Kontrol Technologies:
Research Note
November 15, 2024
Kontrol Technologies:
Initiation Report
August 27, 2024