Added to YB: 2026-03-11
Pitch date: 2026-03-07
PLBY [bullish]
Playboy, Inc.
+2.99%
current return
Author Info
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Company Info
Playboy, Inc. operates as a pleasure and leisure company in the United States, Australia, China, the United Kingdom, and internationally.
Market Cap
$182.1M
Pitch Price
$1.67
Price Target
3.50 (+100%)
Dividend
N/A
EV/EBITDA
117.87
P/E
-5.48
EV/Sales
2.96
Sector
Textiles, Apparel and Luxury Goods
Category
turnaround
Playboy at 8x EV/EBITDA With Room to Grow at Double Digits, +100% Upside
PLBY: Pivoting to capital-light royalty model. $45M licensing rev at 90%+ gross margin, ~$20M EBITDA pre-growth. Q4 implies $30M EBITDA run-rate. EV $315M ($182M mkt cap + $133M net debt). Exit 2027 est: low/no debt + $24-25M EBITDA growing double-digits = 8x EV/EBITDA. +100% upside if rerates from broken operator to royalty platform. Risks: UTG timing, counterparty, China, mgmt credibility.
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