Yeti Holdings, Inc.

Consumer Discretionary
Recreational Games/Products/Toys
www.yeti.com

Earnings Score
Moat Score
Safety Score

Market Cap $3.59B
PE 18
Debt $80.70M
Cash $280.46M
EV $3.40B
FCF $163.95M

Earnings

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Sales & Net Margins

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Earnings	$201.13M
EBIT	$262.36M
ROE	26%
ROA	21%
FCF	$163.95M
Equity	$769.98M
Growth Stability	64%
PE	17.87
PEG	1.48
PB	4.67
P/FCF	21.93
P/S	1.99
Price/Cash	0.08
Debt/Equity	0.1
Debt/FCF	0.49
Net Margins	10%
Gross Margins	58%
Op. Margins	15%
Earnings CAGR	31%
Sales Growth YoY	10%
Sales Growth QoQ	3%
Sales CAGR	17%
FCF CAGR	5%
Equity CAGR	60%
Earnings Stability	0.29
Earnings Growth YoY	32%
Earnings Growth QoQ	12%

Earnings CAGR 5Y	12%
Sales CAGR 5Y	16%
FCF CAGR 5Y	3%
Equity CAGR 5Y	42%
Earnings CAGR 3Y	8%
Sales CAGR 3Y	8%
FCF CAGR 3Y	59%
Equity CAGR 3Y	19%
Market Cap	$3.59B
Revenue	$1.80B
Assets	$1.27B
Total Debt	$80.70M
Cash	$280.46M
Shares Outstanding	84.71M
EV	3.4B
Earnings Score	19%
Moat Score	94%
Safety Score	90%
Final Score	68%
Working Capital	518.19M
Current Ratio	2.58
Gross Profit	$1.05B
Shares Growth 3y	-1%
Equity Growth QoQ	9%
Equity Growth YoY	21%

Assets & ROA

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Stockholders Equity & ROE

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YETI Holdings Inc is a designer, marketer, and distributor of premium products for the outdoor and recreation market sold under the YETI brand. The company offers products including coolers and equipment, drinkware and other accessories. Its trademark products include YETI, Tundra, Hopper, YETI TANK, Rambler, Colster, Rambler Colster, Roadie, Wildly Stronger! Keep Ice Longer!, SideKick, FatWall, PermaFrost, T-Rex, ColdLock, NeverFail, AnchorPoint, InterLock, BearFoot, Vortex, DoubleHaul, LipGrip, Vortex, DryHide, ColdCell, HydroLock, Over-the-Nose, and LOAD-AND-LOCK. The company distributes products through wholesale channel and through direct-to-consumer, or DTC, channel.

SEC Filings

Direct access to Yeti Holdings, Inc. (YETI) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 28
- 10-Q Jun 29
- 10-Q Mar 30
2023
- 10-K Dec 30
- 10-Q Sep 30
- 10-Q Jul 01
- 10-Q Apr 01
2022
- 10-K Dec 31
- 10-Q Oct 01
- 10-Q Jul 02
- 10-Q Apr 02
- 10-K Jan 01

Sector Comparison

How does Yeti Holdings, Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Yeti Holdings, Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 31%

Stability 29%

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Yeti Holdings, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Yeti Holdings, Inc..

Years

Calculation mode

= $2.3B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$164M	$172M	$180M	$189M	$199M	$208M	$219M	$229M	$241M	$252M	$265M	$2.6B
DCF		$156M	$149M	$142M	$136M	$129M	$123M	$118M	$112M	$107M	$102M	$1B
Value	$2.3B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2016	12/2017	12/2018	12/2019	01/2021	12/2021	12/2022	12/2023	TTM
Net Margins	6%	2%	7%	6%	14%	15%	6%	10%	10%
ROA	-	13%	20%	14%	29%	25%	12%	17%	21%
ROE	-	-20%	199%	41%	54%	41%	17%	23%	26%

Net Margins (9.55%)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2016	12/2017	12/2018	12/2019	01/2021	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	5.04	2.43	5.75	0.45	1.62	2.22	0.4	0.49
Debt over Equity	-	-6.98	13	2.58	0.55	0.28	0.23	0.13	0.1
Growth Stability	-	-	-	100%	100%	100%	64%	100%	64%

Good Debt/FCF ratio (0.49)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Good Debt/Equity ratio (0.1)

The company is not overleveraged and has a good balance between equity and debt.

Bad Graham’s Stability (64%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2016	12/2017	12/2018	12/2019	01/2021	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	-22%	22%	17%	19%	29%	13%	4%	16%
Earnings YoY growth	-	-68%	275%	-13%	209%	36%	-58%	89%	12%
Equity YoY growth	-	-20%	-138%	321%	136%	80%	2%	37%	42%
FCF YoY growth	-	-2K%	47%	-65%	540%	-74%	-39%	328%	3%