Added to YB: 2024-08-21
Pitch date: 2024-08-18
CHGG [neutral]
Chegg, Inc.
-63.29%
current return
Author Info
The Finance Corner shares deep dives into interesting companies. Sign up for the newsletter.
Company Info
Chegg, Inc. provides a learning platform helping businesses bring new skills to their workforce and giving lifelong learners and students the skills and confidence to succeed in the United States and internationally.
Market Cap
$107.7M
Pitch Price
$2.07
Price Target
N/A
Dividend
N/A
EV/EBITDA
1.69
P/E
-1.22
EV/Sales
0.29
Sector
Diversified Consumer Services
Category
turnaround
Deep dive into Chegg ($CHGG)
CHGG: Education service facing decline post-pandemic. Revenue -10% YoY, struggling profitability. Challenges: AI competition, poor capital allocation ($481M impairments), $601M convertible notes due '25-'26. Liquidation value ~$160M vs $212M market cap. Possible acquisition target at ~$33/subscriber. 23% staff cut, new CEO, restructuring plan.
Read full article (4 min)