Multibagger #1 Skechers U.S.A

Name: Skechers U.S.A

Symbol: SKX

Price: $58.81

Release Date: Apr 25, 2024

Forecast: 10X price growth in 10Years

Theme: Value Investing, Growth Investing

Story: Skechers USA, Inc. is an American multinational footwear and apparel company. Founded in 1992 the company is headed by Robert Greenberg.

Website: https://www.skechers.com/

Revenue Breakup

Expansions

In the brand expansion segment, Skechers continues expansion into football with the signing of Arsenal and Ukrainian national team defender Oleksandr Zinchenko as its latest ambassador.

In 2023 Harry Kane, England’s national football team captain fronts Skechers first football boots as part of launching Skechers Football across Europe.

Skechers have 5000+ retail outlets around the world & Expansion of retail footprint around the world remains a focus along with third-party-owned Skechers stores. The company plan to open 140 to 160 company-owned locations in 2024.

Income Statement

The company is showing increased revenue, operating profit & net income.

Fundamentals, Valuations, Growth

Parameter	Value	Legend
PE Ratio	17
PB Ratio	2.5
PEG Ratio	1.5
Debt Equity Ratio	0.7
Sales Growth Rate	10%
Profit Growth Rate	-5%
EPS Growth Rate	5%
Intrinsic Value Discount	20%
Economic Moat	Moderate
Expansions	Yes

Threats & Risks

• Exchange Rate Fluctuations
• Cyber Security Threats
• Cheaper Alternatives

Summary

Based on the factors above company is having multibagger properties. Investor can expect 10X returns in a 5-10 year holding period.