Search or
𝛼SK
𝛼SKbullish
Metro Brands - Prudently Diversifying Across TAM; Initiate with BUY
Metro’s formats are a one-stop-shop for footwear across a wide range of price-points (ASP: Rs700-12,000); also, it is gradually evolving into a giant in the S&A market (FILA/Foot Locker).
What is covered in the Full Insight:
- Investment thesis: Metro deserves higher valuations for growth longevity;
- Metro Brands: Alluring combo of strong growth, big moat and best-in-class return profile
- Key Trend: S&A category and premiumization driving growth;
- Foot Locker: Global leader spreading wings in EMEA / APAC;
- Financials: High-teen earnings growth, ramp-up of new formats and margin/ WC optimization
SUMMARY
(Sign Up to Access)Begin exploring Smartkarma's AI-augmented investing intelligence platform with a complimentary Preview Pass to:
- Unlock research summaries
- Follow top, independent analysts
- Receive personalised alerts
- Access Analytics, Events and more
Join 55,000+ investors, including top global asset managers overseeing $13+ trillion.
Upgrade later to our paid plans for full-access.
or
Already have an account? Sign In Now
Full Insight
(Paid Plans Only, 56-minute read)
Discussions
(Paid Plans Only)
Price Chart(Sign Up to Access)
- Loading...
x