Professional
Added to YB: 2024-05-07
Pitch date: 2024-04-09
CLAR [bullish]
Clarus Corporation
-49.15%
current return
Author Info
No bio for this author
Company Info
Clarus Corporation engages in the design, development, manufacture, and distribution of outdoor equipment and lifestyle products in the United States, Australia, China, Austria, and internationally.
Market Cap
$111.1M
Pitch Price
$6.00
Price Target
19.83 (+550%)
Dividend
N/A
EV/EBITDA
-44.08
P/E
-2.49
EV/Sales
0.32
Sector
Leisure Products
Category
growth
Maran Partners Fund Portfolio Holding: Clarus Corporation
CLAR: Sold Precision Sport for $175M, now $1/share net cash. At $6, EV is $185M. Expects to 2x EBITDA to ~$50M by 2026 but market skeptical. Could 3x if hit, but downside protected by cash, brand value. Extreme pessimism creates asymmetric return potential.
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