Professional
Added to YB: 2024-08-27
Pitch date: 2024-08-26
8111.T [neutral]
Goldwin Inc.
-23.62%
current return
Author Info
Sweet Stocks is a former portfolio manager at an international small cap fund who shares pitches for international equities. Sign up for his blog.
Company Info
Goldwin Inc. researches, develops, manufactures, and sells apparel in Japan. The company offers jacket/vest, shell, down jacket/padded, fleece, rainwear, and coat; shirts/polo shirts, sweatshirts/trainers, t-shirt, cut and sew, sweaters and cardigans, tank tops/bra tops, long-sleeved tshirt, one piece, and camisole; long pants, skirt, tights/leggings, and short/half pants.
Market Cap
JPY 312.1B
Pitch Price
JPY 2.9K
Price Target
N/A
Dividend
2.54%
EV/EBITDA
8.14
P/E
14.13
EV/Sales
1.98
Sector
Textiles, Apparel and Luxury Goods
Category
growth
Goldwin – scaling The North Face
8111.T: Goldwin owns The North Face in Japan/Korea, 78% of rev. 11% CAGR since 2000. 19% op margin, 53% gross margin. 56% direct sales. Low inventory, high ROIC (27%). Goldwin brand global expansion targeted. Trading at 18x FY25E P/E, 19% net cash. 7% EPS CAGR forecast. Risks: fashion volatility, global expansion success.
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