Professional
Added to YB: 2024-01-08
Pitch date: 2024-01-08
CROX [bullish]
Crocs, Inc.
-13%
current return
Author Info
No bio for this author
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
$103.35
Price Target
155.00 (+72%)
Dividend
N/A
EV/EBITDA
4.58
P/E
22.50
EV/Sales
1.32
Sector
Textiles, Apparel and Luxury Goods
Category
growth
Crocs, Inc. ($CROX - Outperform)
CROX: Strong growth, profitability & ROIC despite macro headwinds. Compelling 2024 setup: continued Crocs momentum, HEYDUDE turnaround, solid execution. $155 PT on 10x NTM+1 P/E (vs historical 8x) & 9-9.5x NTM EBITDA. 2025E EPS $15.70, >$850M FCF (~10% yield). Risks: demand, costs, FX.
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