Professional
Added to YB: 2024-07-04
Pitch date: 2024-06-25
MAT [bullish]
Mattel, Inc.
-9.27%
current return
Author Info
No bio for this author
Company Info
Mattel, Inc., a play and family entertainment company, designs, manufactures, markets, and sells toys, games, and other products in North America, Europe, the Middle East, Africa, Latin America, and the Asia Pacific.
Market Cap
$4.3B
Pitch Price
$16.50
Price Target
25.00 (+67%)
Dividend
N/A
EV/EBITDA
7.01
P/E
9.37
EV/Sales
1.14
Sector
Leisure Products
Category
turnaround
Mattel's Profitability on the Upswing as Sales Stabilize and Cost Savings Initiatives Bear Fruit
MAT: Mattel turnaround yielding 12% op margin in 2023. $200M cost savings (2024-26) to drive margin expansion. Focus on core brands (Barbie, Hot Wheels, Fisher-Price) & licenses. 13% op margin forecast for 2024. Strong market share in key categories. $25 PT. Risks: digital content, supply chain issues, loss of licenses. 3-4% long-term sales growth expected.
Read full article (10 min)