Added to YB: 2025-04-29
Pitch date: 2025-04-25
CROX [neutral]
Crocs, Inc.
-8.24%
current return
Author Info
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Company Info
Crocs, Inc., together with its subsidiaries, designs, develops, manufactures, markets, distributes, and sells casual lifestyle footwear and accessories for men, women, and children under the Crocs and HEYDUDE Brands in the United States and internationally.
Market Cap
$3.8B
Pitch Price
$97.98
Price Target
143.00 (+59%)
Dividend
N/A
EV/EBITDA
4.58
P/E
22.50
EV/Sales
1.32
Sector
Textiles, Apparel and Luxury Goods
Category
value
Deep dive into Crocs ($CROX)
CROX (overview): Iconic footwear brand benefiting from personalization (colors, Jibbitz, celebrity collabs) generating $900M FCF. Post-COVID growth normalized. HEYDUDE acquisition ($2.5B) underperforming. Key risks: fashion fad status & acquisition decisions. Trading near base case $110 valuation assuming flat revenue, 22% margins vs bull case $143.
Read full article (5 min)