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Oct 13 2022, 07:00 IST/BST
Science in Sport (SIS) has built out a credible premium-focused sports nutrition platform with supply chain and digital capabilities more common with larger enterprises. However, the velocity of recent operational change has been acute. Execution has been found wanting, while ongoing macro headwinds have disproportionately impacted smaller sports nutrition sector participants. Following the announcement of the capital raise, strategic review and recent leadership churn, we discuss our forecast changes, revised target price and explore recent M&A trends and valuation multiples.