Spin‑Off Upside

A free cash flow yield of around 6 % supports the investment case for a stable consumer staples business. The recent spin‑off has also created a potential mispricing opportunity, as forced selling and limited institutional coverage have weighed on sentiment, opening the door for multiple expansion if fundamentals stabilize. However, investors must weigh risks including modest growth prospects, some short‑term liquidity constraints, competitive pressures from private label and regional brands, and execution challenges typical of newly independent companies.