Yeti Holdings (YETI) AI Stock Analysis

• Market Cap: $2.50B
• Dividend Yield: N/A
• Average Volume (3M): 1.91M
• Price to Earnings (P/E): 14.0
• Beta (1Y): 1.13
• Revenue Growth: 10.32%
• EPS Growth: 6.05%
• Country: US
• Employees: 1,340
• Sector: Consumer Cyclical
• Sector Strength: 60
• Industry: Leisure
• EPS (TTM): 2.06
• Shares Outstanding: 82,785,530
• 10 Day Avg. Volume: 2,021,529
• 30 Day Avg. Volume: 1,910,347
• PEG Ratio: 2.31
• Price to Book (P/B): N/A
• Price to Sales (P/S): 1.57
• Price to Cash Flow (P/CF): 3.20
• P/FCF Ratio: 3.20
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $44.18
• Price Target Upside: 53.72% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 12

Yeti Holdings' overall score is bolstered by its solid financial performance and strategic initiatives highlighted in the earnings call. The company shows strong international growth and innovative product launches, though it faces challenges in the U.S. market. Technical indicators suggest caution, as the stock is currently in a bearish trend. The valuation is reasonable, and recent board changes are expected to support future growth.

Positive Factors

Board Changes

The appointment of two new directors and a cooperation agreement with Engaged Capital is seen as a positive change for YETI, offering a fresh perspective and experience in positioning outdoor brands.

Growth Potential

Engaged Capital's involvement with YETI, including owning around 2% of shares and advocating for growth strategies, is expected to provide significant upside potential for the stock.

International Growth

YETI sees outsized international growth particularly in Europe and the UK, with a more meaningful lift from Japan.

Negative Factors

Competitive Pressure

YETI management finally acknowledged competitive pressures in drinkware on its Q4 earnings call, which suggests the competitive onslaught in the segment might be worse than originally thought.

Market Uncertainty

A HOLD rating is warranted, given near-term uncertainty regarding tariffs, competitive intensity, and consumer demand.

Tariffs

YETI still plans to have 80% of sourced drinkware for the U.S. out of China by the end of 2025, estimating a less than $10mm headwind to costs from initial 10% China tariffs.

Yeti Holdings Business Overview & Revenue Model

Company Description

YETI Holdings, Inc. designs, markets, retails, and distributes products for the outdoor and recreation market under the YETI brand. The company offers hard and soft coolers, as well as cargo, bags, outdoor living, and associated accessories. It also provides drinkware products, such as colsters, lowballs, wine tumblers, stackable pints, mugs, tumblers, bottles, and jugs, as well as accessories comprising bottle straw caps, tumbler handles, jug mounts, and bottle slings under the Rambler brand. In addition, the company offers YETI-branded gear products, such as hats, shirts, bottle openers, and ice substitutes. It sells its products through independent retailers, including outdoor specialty, hardware, sporting goods, and farm and ranch supply stores, as well as through Website. The company operates in the United States, Canada, Australia, New Zealand, Europe, Hong Kong, China, Singapore, and Japan. YETI Holdings, Inc. was founded in 2006 and is headquartered in Austin, Texas.

How the Company Makes Money

Yeti Holdings primarily generates revenue through the sale of its premium outdoor products, which are distributed through a variety of retail channels including e-commerce platforms, wholesale partners, and YETI's own retail stores. The company has successfully built a strong brand reputation, allowing it to command premium pricing for its products. Key revenue streams include the sale of hard coolers, soft coolers, drinkware, and other outdoor lifestyle accessories. YETI also benefits from strategic partnerships and collaborations that expand its market reach and capitalize on brand loyalty. Additionally, the company invests in marketing initiatives and product innovations to drive sales and maintain its competitive position in the outdoor recreation industry.

Yeti Holdings Financial Statement Overview

Summary

Yeti Holdings demonstrates solid financial health with consistent revenue growth and strong profitability margins. The balance sheet reflects a stable financial structure, supported by effective leverage and equity management. Cash flow statements indicate strong cash generation and efficient operational cash conversion.

Income Statement

Yeti Holdings shows a consistent upward trend in revenue, with a notable revenue growth rate from 2023 to 2024. Gross profit margin remains strong, indicating effective cost management. Net profit margin is healthy, reflecting good profitability. EBIT and EBITDA margins are stable, suggesting operational efficiency.

Balance Sheet

The company's debt-to-equity ratio is low, indicating prudent leverage management. A strong return on equity showcases efficient use of shareholder capital. Equity ratio has improved over the years, reflecting a stable financial position with adequate asset backing.

Cash Flow

Yeti Holdings reports positive free cash flow growth, highlighting improved cash generation capabilities. The operating cash flow to net income ratio is strong, indicating good conversion of earnings into cash. The free cash flow to net income ratio further supports robust cash flow management.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Mar 2022	Mar 2021
Income Statement		Total Revenue
1.83B	1.66B	1.60B	1.41B	1.09B
	Gross Profit
1.06B	943.19M	763.40M	816.11M	628.80M
	EBIT
245.38M	225.46M	126.36M	274.94M	214.23M
	EBITDA
245.38M	271.89M	160.49M	303.82M	244.89M
	Net Income Common Stockholders
175.69M	169.88M	89.69M	212.60M	155.80M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
358.80M	438.96M	234.74M	312.19M	253.28M
	Total Assets
1.29B	1.30B	1.08B	1.10B	737.07M
	Total Debt
99.68M	176.11M	164.08M	186.41M	178.51M
	Net Debt
-259.11M	-262.85M	-70.66M	-125.78M	-74.78M
	Total Liabilities
546.01M	573.58M	550.29M	578.54M	448.65M
	Stockholders Equity
740.11M	723.61M	526.48M	517.82M	288.42M
Cash Flow		Free Cash Flow
219.55M	213.12M	43.98M	80.76M	343.48M
	Operating Cash Flow
261.39M	285.94M	100.89M	146.52M	366.43M
	Investing Cash Flow
-131.45M	-72.82M	-56.91M	-65.76M	-22.94M
	Financing Cash Flow
-209.22M	-13.60M	-122.63M	-23.02M	-163.19M

Yeti Holdings Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 28.74
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For YETI, the sentiment is Negative. The current price of 28.74 is below the 20-day moving average (MA) of 33.12, below the 50-day MA of 35.32, and below the 200-day MA of 38.31, indicating a bearish trend. The MACD of -0.68 indicates Negative momentum. The RSI at 43.51 is Neutral, neither overbought nor oversold. The STOCH value of 20.63 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for YETI.

Yeti Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MAT	76 Outperform	$5.31B	9.90	24.55%	―	-1.13%	163.15%
YETI	75 Outperform	$2.50B	13.98	24.01%	―	10.32%	6.05%
GOLF	70 Outperform	$3.63B	18.00	26.30%	1.45%	3.15%	15.44%
PRKS	63 Neutral	$2.30B	10.42	-52.57%	―	-0.07%	6.29%
Sector *	59 Neutral	$11.18B	10.04	-1.58%	3.96%	1.31%	-16.97%
JOUT	48 Neutral	$246.29M	―	-9.70%	5.48%	-9.98%	-348.96%
MODG	47 Neutral	$1.15B	―	-46.06%	―	-1.06%	-1641.55%

Yeti Holdings Corporate Events

Yeti Holdings Appoints New Directors Amid Board Refresh

On March 14, 2025, YETI Holdings, Inc. entered into a Cooperation Agreement with Engaged Capital, LLC, leading to the appointment of J. Magnus Welander and Arne Arens to its Board of Directors, effective March 24, 2025. This move is part of YETI’s ongoing Board refreshment efforts aimed at aligning director experience with the company’s strategy and growth opportunities. The appointments, which increase the Board to 10 members, reflect YETI’s commitment to enhancing stockholder value and accelerating growth. Engaged Capital will adhere to standstill restrictions during the agreement’s term, and the cooperation is expected to support YETI’s expansion into new categories and markets, leveraging the extensive experience of the new directors.