Added to YB: 2025-09-01
Pitch date: 2025-07-11
RERE [bullish]
ATRenew Inc.
+15.72%
current return
Author Info
No bio for this author
Company Info
ATRenew Inc., together with its subsidiaries, sell pre-owned consumer electronics through its online platforms and other channels in the People’s Republic of China.
Market Cap
$6.0B
Pitch Price
$3.43
Price Target
6.10 (+54%)
Dividend
2.52%
EV/EBITDA
7.18
P/E
15.26
EV/Sales
0.22
Sector
Specialty Retail
Category
value
ATRenew Inc. - $RERE
RERE: China's leading second-hand electronics retailer (10% market share) pivoting from platform to direct retail. Trading at 3x FY28 P/E vs peers' 6.7x despite path to 3.9% EBIT margin by 2028 from operating leverage + revenue mix shift. 23% 4yr revenue CAGR, exclusive Apple/JD partnerships, automated facilities vs manual competitors. Risks: delisting, Apple China share loss, price competition. PT $6.1 (+65% upside).
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