Professional
Added to YB: 2024-04-17
Pitch date: 2024-04-16
DOCS.L [bullish]
Dr. Martens plc
+8.66%
current return
Author Info
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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 0.63
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
value
Doc Martens : UPDATE: ADD
DOCS.L: Forecast tough FY25 wholesale rev, no price hikes to offset inflation. CEO out but 40% PE owner ensures continuity. Brand strong but FY25 PBT seen -67% vs FY24. Stock -29% to <10x norm earnings despite quality biz facing temporary challenges. Position increased on sell-off.
Read full article (2 min)