Professional
Added to YB: 2024-06-06
Pitch date: 2024-06-04
CHWY [bullish]
Chewy, Inc.
+49.28%
current return
Author Info
No bio for this author
Company Info
Chewy, Inc., together with its subsidiaries, engages in the e-commerce business in the United States.
Market Cap
$13.8B
Pitch Price
$22.20
Price Target
29.00 (-11%)
Dividend
N/A
EV/EBITDA
39.17
P/E
95.31
EV/Sales
1.11
Sector
Specialty Retail
Category
growth
Chewy's Healthcare and Ads Businesses Should Drive Solid Margin Expansion as Pet Category Recovers
CHWY: Chewy's healthcare & ads biz to drive margin expansion as pet category recovers. 75-80% autoship penetration defrays fulfillment costs. Narrow moat from brand, customer data & platform (100%+ rev retention/cohort). Risks: vets resisting scripts, supplier concentration, intl expansion. PT $29 (21x '24 EBITDA) on 8% '24-33 rev CAGR, 10%+ LT EBITDA margin. Uncertainty very high.
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