Professional
Added to YB: 2024-07-16
Pitch date: 2024-07-15
BRBY.L [bullish]
Burberry Group plc
+79.4%
current return
Author Info
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Company Info
Burberry Group plc, together with its subsidiaries, manufactures, retails, and wholesales luxury goods under the Burberry brand.
Market Cap
GBP 2.4B
Pitch Price
GBP 7.30
Price Target
N/A
Dividend
9.23%
EV/EBITDA
7.39
P/E
62.40
EV/Sales
1.42
Sector
Textiles, Apparel and Luxury Goods
Category
turnaround
Pernas Research Added On Position: Burberry Group plc
BRBY.L: -45% since Feb, -16% on CEO exit & bad Q (comps -20% YoY). New CEO Schulman to refocus on entry market, cut costs. Brand strength intact despite fashion mishaps. Price at 2008 levels. Long-term strategy sound: heritage focus, quality up. Global top brand, 200yr legacy. EM growth potential. Timing uncertain, good entry for patient investors.
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