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Yeti Holdings (YETI)
:YETI
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Yeti Holdings
(NYSE:YETI)76Outperform
Positive Factors
International Growth
Management expects international growth at a mid-teens percentage pace, indicating strong performance potential outside the U.S.
Negative Factors
Domestic Competition
Competition domestically in drinkware remains a headwind.
U.S. Market Challenges
A key debate on the stock is whether the U.S. is ex-growth and directional guidance suggests it isn’t — but there is uncertainty.
Yeti Holdings (YETI) vs. S&P 500 (SPY)
Market Cap
$2.95B
Dividend YieldN/A
Average Volume (3M)1.85M
Price to Earnings (P/E)17.4
Beta (1Y)1.10
Revenue Growth10.32%
EPS Growth6.05%
CountryUS
Employees1,050
SectorConsumer Cyclical
Sector Strength53
IndustryHotels, Lodging & Leisure
Share Statistics
EPS (TTM)2.06
Shares Outstanding82,389,460
10 Day Avg. Volume1,706,525
30 Day Avg. Volume1,851,749
Financial Highlights & Ratios
PEG Ratio2.87
Price to Book (P/B)N/A
Price to Sales (P/S)1.61
Price to Cash Flow (P/CF)3.30
P/FCF Ratio3.30
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$45.10Price Target Upside26.15% Upside
Rating ConsensusHold
Number of Analyst Covering11
Yeti Holdings Business Overview & Revenue Model
Company DescriptionYeti Holdings, Inc. is a leading designer, marketer, retailer, and distributor of premium outdoor products. The company is renowned for its high-quality coolers, drinkware, backpacks, and other outdoor lifestyle products. YETI caters to a diverse customer base that includes outdoor enthusiasts, hunters, anglers, and adventurers who value durability and performance in extreme conditions.
How the Company Makes MoneyYeti 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.85
Very Positive
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.80
Positive
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.78
Positive
| 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
Negative
35.75
Price Trends
37.36
Negative
38.46
Negative
39.12
Negative
Market Momentum
-0.73
Positive
44.20
Neutral
34.43
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 35.75 is below the 20-day moving average (MA) of 36.56, below the 50-day MA of 37.36, and below the 200-day MA of 39.12, indicating a bearish trend. The MACD of -0.73 indicates Positive momentum. The RSI at 44.20 is Neutral, neither overbought nor oversold. The STOCH value of 34.43 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for YETI.
Yeti Holdings Risk Analysis
Yeti Holdings disclosed 49 risk factors in its most recent earnings report. Yeti Holdings reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Yeti Holdings Peers Comparison
Overall Rating
UnderperformOutperform
Sector (60)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $2.95B | 17.39 | 24.01% | ― | 10.32% | 6.05% | |
76 Outperform | $19.23B | 20.57 | 39.80% | ― | 19.40% | 32.70% | |
74 Outperform | $116.25B | 24.28 | 34.67% | 1.92% | -4.77% | -5.99% | |
71 Outperform | $4.66B | 22.08 | 12.01% | 1.42% | -3.35% | -6.09% | |
60 Neutral | $13.01B | 10.45 | 0.79% | 3.53% | 1.60% | -22.47% | |
58 Neutral | $7.45B | ― | -16.13% | 1.88% | -8.42% | 57.91% | |
52 Neutral | $2.91B | ― | -6.12% | ― | -7.47% | -131.70% |
* Consumer Cyclical Sector Average
Performance Comparison
YETI
Yeti Holdings
35.75
-2.74
-7.12%
COLM
Columbia Sportswear
84.26
5.33
6.75%
DECK
Deckers Outdoor
126.72
-23.56
-15.68%
NKE
Nike
78.59
-20.64
-20.80%
UA
Under Armour
6.44
-1.49
-18.79%
VFC
VF
19.13
3.39
21.54%
Yeti Holdings Earnings Call Summary
Earnings Call Date: Feb 13, 2025 | % Change Since: -5.70% | Next Earnings Date: May 8, 2025
Earnings Call Sentiment Positive
YETI Holdings demonstrated strong financial performance with significant growth in international markets and robust product innovation. However, challenges were noted in the U.S. Drinkware market due to increased competition and promotions, as well as the impact of a product recall adjustment. Despite these challenges, the company's achievements and strategic initiatives outweigh the lowlights.Highlights
Record Annual Performance
YETI Holdings grew sales by 9% to $1.84 billion in 2024, with a notable growth in operating income by 18% to $309 million and earnings per share by 21% to $2.73.
Strong International Growth
International sales grew by 30% to $339 million, representing 18% of total sales, driven by exceptional growth in Europe and Australia.
Robust Product Innovation
2024 saw 24 new product launches, including expansions in drinkware, coolers, and bags, with a significant diversification strategy resonating with consumers.
Successful Supply Chain Diversification
Achieved target of shifting 20% of global Drinkware capacity outside of China by end of 2024, with plans to increase this to 80% by end of 2025.
Strong Cash Flow and Shareholder Returns
Generated over $200 million in free cash flow and executed $200 million in share repurchases, representing roughly 6% of outstanding shares.
Lowlights
Challenges in U.S. Drinkware Market
The U.S. Drinkware market experienced higher levels of promotions and elevated competition, leading to a slight year-over-year decline in Q4.
Impact of Product Recall
GAAP results included an unfavorable recall reserve adjustment of $9.9 million, impacting sales by $8.8 million due to higher consumer recall participation rates.
Company Guidance
In the YETI Holdings Fourth Quarter 2024 Earnings Conference Call, the company provided guidance for 2025, highlighting expected sales growth between 5% and 7%, despite a 100-basis-point anticipated FX headwind. YETI plans to leverage its strong cash generation to drive sustainable growth through strategic investments, accelerating innovation, and share repurchases, with $450 million available under its repurchase authorization. The company projects mid-single-digit growth domestically and mid-teens growth internationally, with significant opportunities in markets like Europe and Japan. YETI anticipates adjusted operating income growth between 5.5% and 7.5%, maintaining strong margins and free cash flow of approximately $200 million. The guidance reflects the company's focus on expanding its product portfolio, optimizing its omnichannel strategy, and enhancing supply chain diversification.Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.