Daily Brief Consumer: Alibaba, Orkla India Ltd., Shoei Co Ltd, Dollar Industries, Lululemon Athletica, Ford Motor Co, Minth Group Ltd, Dunelm, Neopharm Co Ltd, Newton Golf Company and more

Key points (machine generated)

• Alibaba Group (BABA) is currently priced at $120 per ADS, with a projected valuation of $300 per ADS by 2028, indicating a potential upside of 2.5 times.
• The company’s future valuation is expected to depend on its key segments: Taobao and Tmall Group in the China e-commerce market and Alicloud, which are currently undervalued.
• BABA’s low forward multiple of 11-12 times next year’s earnings, along with revenue growth from Alicloud and potential stock buybacks, suggests downside protection for investors.

This article is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

• Orkla India owns two popular Indian food product brands ‘MTR’ and ‘Eastern that offer Ready to Cook/Eat products as well as pure and blended spices.
• Both its brands enjoy strong brand heritage in India as well as countries with a higher proportion of the Indian diaspora.
• IPO is being valued at TTM PE of 40x (lower end of 35-90x ascribed to Indian FMCGs). With a low double-digit growth profile and high ROCEs, valuations look reasonable.

Key points (machine generated)

• Shoei, a Japanese company, has been producing premium motorcycle helmets since 1960, known for quality in fit, comfort, and noise reduction.
• The company holds a 60% market share in the premium motorcycle helmet sector, outperforming competitors like AGV and Bell.
• Shoei generates significant sales, with 45% from Europe, and has shown solid financial growth with a 3% unit volume CAGR and a 10% revenue CAGR from 2016 to mid-2025.

This article is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

• Dollar Industries (DOLLAR IN) has announced a Composite Scheme of Arrangement, merging eight promoter group companies and demerging one hosiery business undertaking into the listed entity.
• The scheme fundamentally restructures DIL, consolidating brand ownership, key manufacturing assets, and operational real estate, directly addressing long-standing concerns regarding related-party transactions and corporate complexity.
• While execution risks persist, the strategic clarity and governance enhancement resulting from this vertical integration could serve as a powerful catalyst, potentially driving a valuation re-rating.

• Lululemon Athletica is making its most ambitious leap yet into professional sports apparel with a new licensed collection for all 32 NFL teams.
• The move marks the brand’s first-ever partnership with the National Football League and is aimed at diversifying its consumer base while reigniting sluggish U.S. sales.
• The collection—available on Fanatics.com, NFLShop.com, and at team stadium stores—includes men’s and women’s gear from Lululemon’s signature styles such as Steady State, Define, Scuba, and Align.

• Ford Motor Company’s third-quarter 2025 earnings presentation highlighted several areas of strength and challenge within the business.
• The company reported a record $50.5 billion in revenue and $2.6 billion in adjusted EBIT, despite encountering significant headwinds due to tariff impacts and an operational disruption caused by a Novelis plant fire.
• The revenue growth, driven by strong product offerings such as the iconic F-150 and Mustang, showcases Ford’s solid market position in both traditional vehicles and its developing lineup of electric vehicles (EVs).

• After the good run, Minth Group Ltd (425 HK) share price looks a bit expensive. 
• However, it was a value stock before, trading at 0.6x book value while growth remains. 
• Compared to its peers, it is still not too expensive and the growth seem to continue as the company is able to expand its margin. 

• Market Leader with Room to Grow: Dunelm is the UK’s leading homewares retailer with a market share of 11.5%, yet it only holds 7.7% of the combined homewares and furniture market, indicating significant headroom for growth in a large and fragmented sector.
• Resilient Financial Performance Amidst a Challenging Market: Despite a soft consumer market and inflationary pressures, the company has demonstrated volume-driven sales growth, improved gross margins, and maintained strong cash generation, showcasing the strength of its low-cost, vertically integrated business model.
• Strategic Focus on Omnichannel and Value Proposition: Management’s clear strategy is centered on a ‘Total Retail System’ that integrates its 180+ stores with a growing online presence (36% of sales), and a value-for-money proposition that resonates with a broad customer base, driving customer acquisition and market share gains.

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• Proprietary Technology Driving Brand Strength: Neopharm’s core competitive advantage lies in its patented Multi-Lamellar Emulsion (MLE) technology, which mimics the natural lipid structure of the skin. This scientifically-backed technology underpins its key brands like Atopalm and Real Barrier, fostering strong brand loyalty, particularly in the sensitive and dry skin segments.
• Favorable Industry Tailwinds: The global dermo-cosmetics market is experiencing robust growth, with forecasts projecting a CAGR of 7.4% to 11.1%. This expansion is driven by rising consumer awareness of skin health, an increasing prevalence of skin conditions, and a growing demand for scientifically-backed, therapeutic cosmetic solutions.
• Solid Financials and Shareholder Returns: The company has demonstrated a strong track record of revenue and net income growth over the past decade. This financial strength is complemented by a commitment to shareholder returns, evidenced by a consistently increasing dividend per share and a dividend yield that has grown significantly over the last three years.

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• Newton Golf (NASDAQ: NWTG) is an innovative, technology driven golf company with a growing portfolio of golf products, including putters, golf shafts, golf grips, and other golf-related accessories.
• The company went public in August 2023 raising $11.6 million in net proceeds.
• The company announced its entry into the golf shaft market in November 2023.