Street Smart Investor
Long-term horizon, energy, natural resources, micro-cap

Sterlite Industries: Gradually Overcoming The Headwinds

Sterlite Industries (SLT) is India's largest non-ferrous metals and mining company with market leadership in copper, zinc, lead and aluminum mining and production. The company (based on its new structure) also holds a 58.8% stake in one of India's largest independent exploration companies. As an icing on the cake, the company has major operations in India, which faces short-term economic headwinds, but has robust long-term growth potential. The stock is however trading at extremely cheap valuations due to significant headwinds faced by the company in the last six quarters (January 2012-June 2013). Sterlite currently trades at a trailing twelve month PE of 4.9, a price-to-book value of 0.5 and an EV/EBITDA multiple of 1.6. These valuation metrics offers investors an...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details