Added to YB: 2024-11-21
Pitch date: 2024-11-20
CHGG [neutral]
Chegg, Inc.
-49.67%
current return
Author Info
Chop Wood, Carry Water is a tech manager and investor searching for value-based investments. Sign up for the newsletter.
Company Info
Chegg, Inc. provides individualized learning support to students that helps build essential academic, life, and job skills to achieve success in the United States and internationally.
Market Cap
$119.1M
Pitch Price
$1.75
Price Target
N/A
Dividend
N/A
EV/EBITDA
2.59
P/E
-1.51
EV/Sales
0.24
Sector
Diversified Consumer Services
Category
turnaround
$CHGG Quick Pitch
CHGG pass: EdTech co struggling post-pandemic. 80% rev from subs, but user retention weak. ChatGPT threat. Pivoting to pro dev & certs. Q3 rev $137M (-13.5% YoY), $22M adj EBITDA. Cost cuts, AI integration ongoing. $662M TTM rev, $821M loss. Valuation low but looks like value trap. Too risky.
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