Professional
Added to YB: 2024-07-04
Pitch date: 2024-06-25
MAT [bullish]
Mattel, Inc.
+22.48%
current return
Author Info
No bio for this author
Company Info
Mattel, Inc., a toy and family entertainment company, designs, manufactures, and markets toys and consumer products in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific.
Market Cap
$6.0B
Pitch Price
$16.50
Price Target
25.00 (+24%)
Dividend
N/A
EV/EBITDA
8.48
P/E
14.61
EV/Sales
1.53
Sector
Leisure Products
Category
turnaround
Mattel's Profitability on the Upswing as Sales Stabilize and Cost Savings Initiatives Bear Fruit
MAT: Mattel turnaround yielding 12% op margin in 2023. $200M cost savings (2024-26) to drive margin expansion. Focus on core brands (Barbie, Hot Wheels, Fisher-Price) & licenses. 13% op margin forecast for 2024. Strong market share in key categories. $25 PT. Risks: digital content, supply chain issues, loss of licenses. 3-4% long-term sales growth expected.
Read full article (10 min)