Added to YB: 2026-09-08
Pitch date: 2026-09-06
PLBY [bullish]
Playboy, Inc.
Author Info
H Capital is an M&A Consultant who writes about cheap, high potential stocks. Sign up for the newsletter.
Company Info
Playboy, Inc. operates as a pleasure and leisure company in the United States, Australia, China, the United Kingdom, and internationally.
Market Cap
$140.2M
Pitch Price
N/A
Price Target
2.85 (+144%)
Dividend
N/A
EV/EBITDA
21.93
P/E
-1.6K
EV/Sales
2.40
Sector
Textiles, Apparel and Luxury Goods
Category
turnaround
Playboy: A Capital-Light Turnaround With 144% Upside
PLBY: Playboy’s capital-light turnaround is nearing completion, yet the shares are down 36% year to date. Revenue grew from 2024 to 2025, adjusted EBITDA improved from -$6M to $17M, and LTM adjusted EBITDA is roughly $23M; a planned 16.6M-share repurchase would reduce pro forma shares to about 105M. Assuming $30M of EBITDA, zero net debt and a 10x multiple implies 144% upside, but eliminating currently flat net debt remains the missing link.
Read full article (2 min)