Professional
Added to YB: 2024-09-09
Pitch date: 2024-06-30
PUM.DE [bullish]
PUMA SE
-48.64%
current return
Author Info
No bio for this author
Company Info
PUMA SE, together with its subsidiaries, engages in the development and sale of sports and sports lifestyle products in Germany, rest of Europe, the United States, North America, and internationally.
Market Cap
EUR 2.9B
Pitch Price
EUR 41.86
Price Target
N/A
Dividend
3.02%
EV/EBITDA
9.21
P/E
-10.48
EV/Sales
0.65
Sector
Textiles, Apparel and Luxury Goods
Category
turnaround
Platinum Global Fund New Portfolio Holding: PUMA SE
PUM.DE: Heritage brand rebuilding performance cred since 2013 reset. Market share gains since 2017. Key partnerships with cultural influencers. Post-Covid inventory normalized. Valuation attractive vs history/peers. Results improving, Google Trends positive. DTC growth promising for wholesale. Opportunity to invest as sportswear market recovers.
Read full article (2 min)