Chewy

0 (0%)

NYSE:CHWY | Last traded on 11-15-2019 4:02 PM

Market Reaction

Offer Price

$22

Today Open Price

$23.55

Change Since IPO

Market Cap

$9.1B

Day High

$23.69

Day Low

$22.95

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Featured Analysis

Disclaimer on this one - I'm an animal lover. Notwithstanding that, and not because I'm getting paranoid that I'm getting so many poor scores, I like the Chewy IPO. The valuation is very reasonable, and the company is on trend. Even though the company is losing money, it is gaining efficiency as it grows, which is always a great thing. I don't like giving any company 5 out of 5 stars, but this will be a first.

Company Data

Location

Dania Beach, US

Valuation

$1B

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Founded

2011

Total Shares Offered

46,500,000

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Employees

9833

IPO Date

2019-06-14

Background Information

Chewy is an online pet store owned by PetSmart. They were founded in 2011 and boast a yearly 26M website visits yearly.

Financial Analysis

Years 2016 2017 2018
Revenue growth -- 134% 68%
Net profit margin -12%-16%-8%
Valuation -- -- $8.8B
Revenue multiple -- -- 2.5x
Profit multiple -----33x

Financial Information

Income Statement ($M) 20162017 2018
Revenue9012,1043,533
Cost of goods solds7511,7372,818
Gross profit150368715
Total operating expense257705983
EBIT(107)(338)(268)
Pretax profit(107)(338)(268)
Net income(107)(338)(268)
Balance Sheet ($M) 20162017 2018
Total current assets433449
Cash and cash equivalents6988
Total assets503542
Total current liabilities547814
Total liabilities587878
Total shareholder equity84336
Total liabilities and equity503542
Cash Flow Statement ($M) 201620172018
Net cash from operating activities7 (80)(13)
Net cash from investing activities(22) (196)32
Net cash from financing activities75 1881
Net increase in cash and cash equivalents60 (88)20