Investment thesis
Superdry has a stellar track record, recognizable brand and substantial product price premium over its closest competitors. Following a series of short-term and/or immaterial negative developments, Superdry is trading at a significant discount to its intrinsic value. Various efficiency and growth catalysts are in sight, supporting a quick share price recovery. DCF valuation suggests upside north of 100%, while "worst case scenario" sets the downside to 25%.
Business overview
Started as a youth-focused brand across the university cities of UK, Superdry (LON: SDRY, PINK:OTCPK:SEPGF) is a recognizable apparel retailer and wholesaler