Added to YB: 2026-10-01
Pitch date: 2026-09-28
DOCS.L [bullish]
Dr. Martens plc
-2.85%
current return
Author Info
No bio for this author
Company Info
Dr. Martens plc engages in the design, development, procurement, marketing, sale, and distribution of footwear.
Market Cap
GBP 662.3M
Pitch Price
GBP 0.70
Price Target
N/A
Dividend
3.68%
EV/EBITDA
6.51
P/E
28.83
EV/Sales
1.14
Sector
Textiles, Apparel and Luxury Goods
Category
turnaround
Yet Another 2 Attractive Ideas - DOCS.L
DOCS.L: Dr. Martens’ recovery appears underrecognized: FY2026 revenue declined 3%, improving from a 10% drop in FY2025, while gross margin rose 1.2 percentage points, full-price DTC revenue grew in the Americas and APAC, and inventory days fell below their median level since 2020. Shares trade at an estimated ~10% free-cash-flow yield on enterprise value; Permira owns ~38% and activists are pushing for improvements and a sale. Key uncertainties include recovery durability, U.S. tariffs and the North American read-through.
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