Professional
Added to YB: 2024-01-25
Pitch date: 2024-01-25
DOCS.L [bullish]
Dr. Martens plc
-4.33%
current return
Author Info
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Company Info
Dr. Martens plc designs, develops, procures, markets, sells, and distributes footwear under the Dr. Martens brand name in Europe, the Middle East, Africa, the Americas, and the Asia-Pacific.
Market Cap
GBP 473.8M
Pitch Price
GBP 0.81
Price Target
120.56 (+15537%)
Dividend
5.19%
EV/EBITDA
6.07
P/E
16.13
EV/Sales
1.03
Sector
Textiles, Apparel and Luxury Goods
Category
turnaround
Pernas Research new addition - Dr. Martens ($DOC.L)
DOCS.L £750M mrkt cap, £0.78, 4.4 EV/EBITDA. Initiated position post-20% earnings drop. Leading boot brand transitioned to 50% DTC since 2014 PE acquisition. Growth from execution, store expansions, brand awareness. 80% drop from overvalued IPO, US challenges, macro headwinds. Potential US recovery, strong mgmt, undervalued entry point, 7+% div yield.
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