Professional
Added to YB: 2024-07-16
Pitch date: 2024-07-15
BRBY.L [bullish]
Burberry Group plc
+60.85%
current return
Author Info
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Company Info
Burberry Group plc, together with its subsidiaries, engages in manufacturing, retail, and wholesale of luxury goods under the Burberry brand in the Asia Pacific, Europe, the Middle East, India, Africa, and the Americas.
Market Cap
GBP 4.6B
Pitch Price
GBP 7.30
Price Target
N/A
Dividend
N/A
EV/EBITDA
13.05
P/E
-168.97
EV/Sales
2.36
Sector
Textiles, Apparel and Luxury Goods
Category
turnaround
Pernas Research Added On Position: Burberry Group plc
BRBY.L: -45% since Feb, -16% on CEO exit & bad Q (comps -20% YoY). New CEO Schulman to refocus on entry market, cut costs. Brand strength intact despite fashion mishaps. Price at 2008 levels. Long-term strategy sound: heritage focus, quality up. Global top brand, 200yr legacy. EM growth potential. Timing uncertain, good entry for patient investors.
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