MAT

Mattel, Inc.

Consumer


Presented:09/26/2024
Price:$19.04
Cap:$6.47B
Current Price:$18.66
Cap:$6.34B

Presented

Date09/26/2024
Price$19.04
Market Cap$6.47B
Ent Value$7.53B
P/E Ratio20.93x
Book Value$5.81
Div Yield0%
Shares O/S339.90M
Ave Daily Vol3,365,382
Short Int6.10%

Current

Price$18.66
Market Cap$6.34B
Mattel, Inc. engages in the ownership of children's and family entertainment franchises. It operates through the following segments: North America, International, and American Girl. The North America and International segments focus on marketing and selling toys and consumer products. The American Girl segment includes marketing, retailing, and publishing dedicated to its mission to help girls grow up with confidence and character. The company was founded by Elliot Handler, Ruth Handler, and Harold Matson in 1945 and is headquartered in El Segundo, CA.

Publicly traded companies mentioned herein: Walt Disney Co/The (DIS), Mattel Inc (MAT)

Highlights

The presenter is long shares of Mattel Inc (MAT), believing the business is inflecting positively following tough comps from the Barbie movie and a trough period of entertainment content, as well as fixed cost deleveraging. This should lead to an acceleration in top line growth, with Mattel potentially seeing mid-single digit growth. The presenter expects the company to earn $2 in 2025 EPS, and with momentum from both Barbie and Hot Wheels product lines, he believes the stock could reach $28 based on 10x his 2025 EBITDA or $25 at 9x his 2025 EBITDA.

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Idea Discussion

Commentor 1 - 2 weeks ago

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