MGP Elements: Effectively Positioned To Profit From Development In US Spirits (NASDAQ:MGPI)

Group of friends having fun at bbq dinner in garden restaurant - Multiracial people cheering red wine sitting outside at bar table - Social gathering, youth and beverage lifestyle concept

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Funding Thesis

MGP Elements (NASDAQ:MGPI) has carried out effectively in 2023 and inventory costs are up considerably by 16%. On the present market worth of $119, MGP appears barely buying and selling at a premium in comparison with the sector median at 22.02x based mostly on ahead

Ahead EPS $5.42
Ahead Non-GAAP P/E 22.02x
Sector Median P/E 18.32x
MGPI 5Y Avg. P/E 22.00x

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