Professional
Added to YB: 2024-08-27
Pitch date: 2024-08-26
8111.T [neutral]
Goldwin Inc.
-1.98%
current return
Author Info
Sweet Stocks is a former portfolio manager at an international small cap fund who shares pitches for international equities. Sign up for his blog.
Company Info
Goldwin Inc. manufactures and sells sports apparel for recreational players and athletes in Japan. The company provides garments, underwear, indoor and outdoor clothing, rugby clothing, golf wear, skiwear, lifestyle apparel, activewear, sleeping bags, waterproof outerwear for fishermen, backpacks, and snowboard gear, as well as clothing for clean rooms and other special environments.
Market Cap
JPY 401.8B
Pitch Price
JPY 2.9K
Price Target
N/A
Dividend
1.83%
EV/EBITDA
10.62
P/E
16.34
EV/Sales
2.86
Sector
Textiles, Apparel and Luxury Goods
Category
growth
Goldwin – scaling The North Face
8111.T: Goldwin owns The North Face in Japan/Korea, 78% of rev. 11% CAGR since 2000. 19% op margin, 53% gross margin. 56% direct sales. Low inventory, high ROIC (27%). Goldwin brand global expansion targeted. Trading at 18x FY25E P/E, 19% net cash. 7% EPS CAGR forecast. Risks: fashion volatility, global expansion success.
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