Wonderla Holidays Ltd
What captured our attention
Revenge travel was gaining prominence post the COVID pandemic. With tourism having hit the bottom, we were confident that Wonderla Holidays will gain momentum as economy opens and themes like amusement / water park play through. We choose Wonderla Holidays given its industry leading margins, debt-free balance sheet, ability to generate cash flows, EBIDTA/OCF conversion and management pedigree.
Valuation Discrepancy Insights
Wonderla Holidays was grossly undervalued given its existence capacity, new initiatives towards enhancing its visibility and upcoming parks.
Monarch Networth's Value-Added Contribution
We were amongst the early one’s to initiate coverage on the stock in Feb-2023. We marketed the stock very aggressively to funds that saw the DII holding increase by more than 5% in a very short time. Market participants started accepting our thesis. Since our coverage initiation, the company's stock price has generated 1.5x, a testament to our insights and support.
