Added to YB: 2026-03-27
Pitch date: 2026-03-25
CROX [bullish]
Crocs, Inc.
+0.68%
current return
Author Info
No bio for this author
Company Info
Crocs, Inc. together with its subsidiaries, designs, develops, manufactures, markets, distributes, and sells casual lifestyle footwear and accessories for men, women, and kids under the Crocs and HEYDUDE Brands in the United States and internationally.
Market Cap
$4.0B
Pitch Price
$79.40
Price Target
128.10 (+60%)
Dividend
N/A
EV/EBITDA
4.87
P/E
-53.33
EV/Sales
1.36
Sector
Textiles, Apparel and Luxury Goods
Category
value
Crocs deep dive: Heads I win, tails I don’t lose much
CROX: 58% gross margin, 16% FCF margin footwear co at 6x P/E pricing permanent decline. HeyDude turnaround expected H2'26 after inventory cleanup; Crocs NA prudent inventory mgmt (78.6 DIO vs peers 100+); intl growing mid-teens (China +30%). 17% FCF yield funds 10% annual buyback (~6.5% net). Re-rating to 8-10x P/E = 40-60% upside + buyback accretion. Risks: HeyDude execution, China slowdown, value trap.
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