Account Info
Log Out
English
Back
Log in to access Online Inquiry
Back to the Top

Everything is ok but the valuation

$Birkenstock (BIRK.US)$ had debut with a 10% drop from its IPO price of  USD 46
The company has a very long history , founded in 1774 in Germany ,  the company had been running by it’s 6th generation from the founder’s family.
Two years ago, most of the controlling stake were sold to L Catterton and CEO of $LVMH Moet Hennessy Louis Vuitton (LVMUY.US)$  
Despite having strong branding, strong profit margins , and revenue growth visibility, the stock were not perform well during the first day of IPO, i think it is largely due to it’s very premium valuation of PE of more than 40 times
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
48
1
6
+0
1
Translate
Report
50K Views
Comment
Sign in to post a comment