Added to YB: 2024-02-14
Pitch date: 2024-02-12
FRPT [bearish]
Freshpet, Inc.
+26.32%
current return
Author Info
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Company Info
Freshpet, Inc., together with its subsidiaries, manufactures, distributes, and markets natural fresh meals and treats for dogs and cats in the United States, Canada, and Europe.
Market Cap
$2.6B
Pitch Price
$86.08
Price Target
N/A
Dividend
N/A
EV/EBITDA
17.58
P/E
22.43
EV/Sales
2.62
Sector
Food Products
Category
growth
Show full summary:
[SHORT] Freshpet: Replaceable Product, No Moat
$FRPT grew rev $87M to $595M since '14 IPO w/ $861M capex+funding. Overvalued on 70x '23 EBITDA vs PETQ 8.4x WOOF 9x despite no moat. Mgmt 3x rev to $1.8B by '27 ambitious given price hikes, nutrient doubt, rivalry from Farmer's Dog+Blue Buffalo. Short idea on lofty val, risks.
Read full article (4 min)