Silba Stories

original story⁠ SIPEF is a Belgian-listed plantation group that grows, harvests, and mills crude palm oil across roughly 85,000 hectares in Indonesia and Papua New Guinea. SIPEF produced a record $125m in net profit last year. It holds net cash of $88m. It trades at 5x EV/EBIT. Here's the catch: 97% of gross profit comes from crude palm oil, and a $10/tonne price move swings after-tax earnings...

original story Wiwynn builds the physical backbone for Meta and Microsoft, doubling revenue in just nine months. Yet operating cash flow sits deeply in the red. This is the "ODM Direct" paradox: explosive growth meets single-digit margins. Is it a compounder, or just high-speed logistics for the giants? --- To find out more stories and professional-grade research , go to https://silba.ai

original story⁠ A Belgian startup solved tape's fundamental problem in 1994 and created an entire profession. Today, 5,000 LSM operators worldwide know EVS equipment by muscle memory. Every trained operator represents lock-in. Every workflow built around EVS constitutes a moat. But switching costs only matter until the equipment refresh cycle resets them. The company pushed through 6-9% price...

original story While low-altitude ski hills melt away, Compagnie des Alpes has quietly assembled a portfolio of high-mountain monopolies and award-winning regional parks Ski lifts print 52% EBITDA margins in winter, parks take over in summer, and fixed costs work twice as hard. Behind the scenery sit 15-year average concessions decided by town councils, not markets. The story explores how climate,...