Professional
Added to YB: 2022-05-15
Pitch date: 2022-05-15
FIGS [bullish]
FIGS, Inc.
+26.33%
current return
Author Info
1 Main Capital is a long-biased investment partnership that invests primarily in high-quality, attractively valued, growing businesses. Visit their fund website.
Company Info
FIGS, Inc., together with its subsidiary, FIGS Canada, Inc., operates as a direct-to-consumer healthcare apparel and lifestyle company in the United States and internationally.
Market Cap
$1.5B
Pitch Price
$9.47
Price Target
N/A
Dividend
N/A
EV/EBITDA
23.81
P/E
87.72
EV/Sales
2.29
Sector
Textiles, Apparel and Luxury Goods
Category
growth
1 Main Holdings top position: Figs Inc (FIGS)
FIGS: DTC healthcare apparel co. Loyal 2M customers, 70% repeat rev. Targeting 16M of 120M global healthcare pros. Creative marketing, <$100 CAC vs $140 annual contribution/customer. 98% sales via site/app. Mid-20s EBIT margins & FCF while doubling revs. Trades at low 20s P/E on 30%+ EBIT margin potential due to growth stock unwind. $3B EV, $550M+ revs, $100M+ EBIT in 2022.
Read full article (4 min)