Professional
Added to YB: 2025-10-20
Pitch date: 2025-10-16
CCC.WA [bearish]
CCC S.A.
+17.44%
current return
Author Info
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Company Info
CCC S.A. engages in the retail sale of footwear and other products in Poland, Central and Eastern Europe, and Western Europe.
Market Cap
PLN 11.9B
Pitch Price
PLN 146.50
Price Target
N/A
Dividend
N/A
EV/EBITDA
8.89
P/E
13.81
EV/Sales
1.44
Sector
Specialty Retail
Category
N/A
CCC S.A. (WSE: CCC): How Channel Stuffing, Related Party Schemes, and Accounting Games Engineered a False Retail Comeback
CCC.WA short: Channel stuffing scheme via insolvent franchisee MKRI inflated EBITDA by PLN 267M (20.4% of 9mo EBITDA). Receivables up 112% YoY to PLN 535M, PLN 330M tied to MKRI. Planned MKRI acquisition is related-party coverup - seller controlled by CCC board chairman. Expansion 43% of target, gun jumping risks PLN 1B+ fine.
Read full article (4 min)