Added to YB: 2026-09-25
Pitch date: 2026-09-22
BIRK [neutral]
Birkenstock Holding plc
+0.6%
current return
Author Info
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Company Info
Birkenstock Holding plc engages in the manufacture and sale of footwear products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.
Market Cap
$4.9B
Pitch Price
$31.60
Price Target
71.30 (+124%)
Dividend
N/A
EV/EBITDA
8.89
P/E
15.12
EV/Sales
2.72
Sector
Textiles, Apparel and Luxury Goods
Category
value
The Two Costs Birkenstock's Multiple Hides - $BIRK
BIRK (pass): Birkenstock is a high-quality, durable brand, but the shares were passed at ~$31 because reported operating cash flow excludes lease payments and tax-receivable-agreement payments, leaving adjusted TTM free cash flow at €217M and the valuation above 20x FCF. Even a bullish scenario reaches $71.30 by end-2030, a ~23% CAGR that is below the 30% hurdle rate; deeper research would become interesting around $25.
Read full article (7 min)