PNDORA DC

Pandora A/S

Consumer


Presented:11/20/2013
Price:DKK269.50
Cap:$4.85B
Current Price:DKK1,063.00
Cap:$11.94B

Presented

Date11/20/2013
PriceDKK269.50
Market Cap$4.85B
Ent Value$4.87B
P/E Ratio25.04x
Book ValueDKK9.45
Div Yield1.46%
Shares O/S126.93M
Ave Daily Vol930,000
Short IntN/A

Current

PriceDKK1,063.00
Market Cap$11.94B
Pandora A/S designs, manufactures, markets, and distributes hand finished and modern jewelry primarily in the Americas, Europe, and Asia-Pacific. It offers jewelry made primarily from sterling silver and gold. The company’s primary products include charms and bracelets, earrings, rings, watches, and necklaces and pendants. As of August 13, 2013, the company sold its products through approximately 10,200 points of sale, including 950 concept stores. It also sells its products directly or through third party distributors. Pandora A/S was founded in 1982 and is headquartered in Glostrup, Denmark.

Highlights

The presenter is long shares of Pandora A/S, the Danish jewelry company best known for its charm bracelets. His research suggests the risk/ reward profile is attractive at current levels, and sell-through for charms is fine. Double digit comp growth should continue for the foreseeable future, which should help drive shares up to the 350 DKK level (from ~260).

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Idea Discussion

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