SDRY LN

Superdry Plc

Consumer


Presented:10/11/2021
Price:£2.52
Cap:$0.32B
Current Price:£0.03
Cap:$0.01B

Presented

Date10/11/2021
Price£2.52
Market Cap$0.32B
Ent Value$0.72B
P/E RatioN/A
Book Value£1.10
Div Yield0%
Shares O/S82.11M
Ave Daily Vol337,549
Short IntN/A

Current

Price£0.03
Market Cap$0.01B
Superdry Plc engages in the design and sale of clothing and accessories through multiple routes to market, including retail, wholesale, and online. It operates through the following segments: Retail and Wholesale. The Retail segment is comprised of operation of UK, Republic of Ireland, European and USA stores, concessions, and all internet sites. The Wholesale segment includes the ownership of brands, wholesale distribution of own brand products such as clothing, footwear, and accessories and trade sales. The company was founded by Julian Marc Dunkerton and James Holder in 1985 and is headquartered in Cheltenham, the United Kingdom.

Publicly traded companies mentioned herein: boohoo Group PLC (BOO LN), NIKE Inc (NKE), Superdry PLC (SDRY LN), VF Corp (VFC)

Highlights

The presenter is long shares of Superdry PLC (SDRY LN), the UK apparel brand that is in the midst of a multi-year design-led turnaround. The stock is down ~85% from highs of £1,978 in 2018 due to missteps from the previous management team and COVID impacting a business that was less reliant on e-commerce. He sees 3x - 5x upside from the current levels over the next 2 - 3 years as the Street begins to gain confidence in the company's sustainable FCF and DD% topline growth.

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Idea Discussion

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