Added to YB: 2025-10-24
Pitch date: 2025-10-22
CROX [bullish]
Crocs, Inc.
+6.96%
current return
Author Info
Three Mile Research finds undervalued stocks that the market has irrationally discounted due to panic or short-term disruptions. Sign up for the newsletter.
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
$84.06
Price Target
153.00 (+70%)
Dividend
N/A
EV/EBITDA
4.58
P/E
22.50
EV/Sales
1.32
Sector
Textiles, Apparel and Luxury Goods
Category
turnaround
Crocs: (Anti)Fashion Icon Trading at Cents on the Dollar
CROX: Down 40% on $737M HeyDude impairment but undervalued at 6.3x P/E vs 11.5x 10yr avg. Crocs brand strong: 59% gross margin, 25% op margin, $923M FCF (21% yield). Intl growth +18% led by China +30%. Terence Reilly executing HeyDude turnaround. Risks: cyclical sector, tariffs, NA weakness.
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