Added to YB: 2024-07-01
Pitch date: 2024-06-28
RGS [bullish]
Regis Corporation
+24.38%
current return
Author Info
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Company Info
Regis Corporation owns and franchises hair care salons primarily in North America. The company operates in two segments, Franchise Salons and Company-Owned Salons.
Market Cap
$54.8M
Pitch Price
$22.93
Price Target
77.59 (+168%)
Dividend
N/A
EV/EBITDA
12.45
P/E
0.60
EV/Sales
2.06
Sector
Diversified Consumer Services
Category
turnaround
Regis Corp ($RGS) Update - The refinancing of the year?
RGS: New $105M loan replaces $190M debt, reducing by $80M+. 15% warrants at $7/share. $25M credit line. EV/EBITDA 6.4x. PT $77.59 (223% upside) by 2025. Positive SSS, rising adj. EBITDA. $15M expected from Zenoti. Risks: falling store count, but closures of underperforming units. New liquidity enables growth focus.
Read full article (6 min)