Another week, another IPO. $BIRK
$Birkenstock (BIRK.US)$ Birkenstock could reach a $10B valuation in its US IPO.
Here's a look at how they make money.
Here's a look at how they make money.
Founded 1774 raising $1.8B - of which $700M goes to the co., rest selling shareholders
$11B EV / ~$1.5B revs/~$500M EBITDA 22x EBITDA
No brainer growth coming from Asia
Could be good SS in 2024 (if $MACRO)
Need to get into bags/others to justify EV.
$11B EV / ~$1.5B revs/~$500M EBITDA 22x EBITDA
No brainer growth coming from Asia
Could be good SS in 2024 (if $MACRO)
Need to get into bags/others to justify EV.
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