Added to YB: 2024-11-21
Pitch date: 2024-11-20
CHGG [neutral]
Chegg, Inc.
-56.97%
current return
Author Info
Chop Wood, Carry Water is a tech manager and investor searching for value-based investments. Sign up for the newsletter.
Company Info
Chegg, Inc. provides a learning platform helping businesses bring new skills to their workforce and giving lifelong learners and students the skills and confidence to succeed in the United States and internationally.
Market Cap
$107.7M
Pitch Price
$1.75
Price Target
N/A
Dividend
N/A
EV/EBITDA
1.69
P/E
-1.22
EV/Sales
0.29
Sector
Diversified Consumer Services
Category
turnaround
$CHGG Quick Pitch
CHGG pass: EdTech co struggling post-pandemic. 80% rev from subs, but user retention weak. ChatGPT threat. Pivoting to pro dev & certs. Q3 rev $137M (-13.5% YoY), $22M adj EBITDA. Cost cuts, AI integration ongoing. $662M TTM rev, $821M loss. Valuation low but looks like value trap. Too risky.
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