Apr. 19 at 5:43 AM
$KMDA has sold off with the broader market despite being largely recession-proof. Their core product is a rabies vaccine—administered after animal bites—placing them in a niche oligopoly with only one other global competitor. Due to secured purchasing contracts, the company has effectively locked in double-digit growth over the next three years. Currently, it trades at an EV/EBITDA of just 7, with
$60M in cash on hand managed by the best private equity in the Middle East.