Added to YB: 2026-02-26
Pitch date: 2026-02-23
PUM.DE [bullish]
PUMA SE
+0.04%
current return
Author Info
Triple S is a professional special situations investor who shares ideas in their newsletter. Sign up for the newsletter.
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 3.3B
Pitch Price
EUR 22.60
Price Target
35.00 (+55%)
Dividend
2.70%
EV/EBITDA
9.81
P/E
-11.74
EV/Sales
0.69
Sector
Textiles, Apparel and Luxury Goods
Category
turnaround
PUMA SE - $PUM.DE
PUM.DE: Anta Sports acquired 29.06% stake at €35/share (60%+ premium), current price €23. Global #3 athletic brand w/ €6B revenue but declining margins. Anta (expert in sneaker turnarounds, turned Fila China from loss-making to profit engine) sees playbook fit: underperforming global brand + weak China presence. Base case: return to normal profitability = re-rate to €35. Upside: Anta's China distribution replicates Fila success = potential double.
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