External reports (aggregated public sources), Value Investors Club

Value Investors Club

External reports (aggregated public sources)

Equity Bottom-Up

<ul><li>SharkNinja is a newly listed company with popular consumer brands Shark and Ninja</li><li>Despite challenges in brand-building and international markets, the company achieved a 15% operating margin in 2023</li><li>Analysts project an annualized return of 18-20% based on current earnings yield and expected organic earnings growth</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

SharkNinja is a newly listed company with popular consumer brands Shark and NinjaDespite challenges in brand-building and international markets, the company achieved a 15% operating margin in 2023Analysts project an annualized return of 18-20% based on current earnings yield and expected organic earnings growthThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

<ul><li>SharkNinja's first quarter 2024 earnings revealed a company with strong financial performance, a robust global supply chain, and a commitment to a growth strategy that has yielded positive results.</li><li>In the first quarter, the company saw adjusted net sales increase by 28% and adjusted EBITDA grow by 30%.</li><li>This can be attributed to significant investments in selling and marketing initiatives aimed at expanding the company's presence in emerging international markets and driving global awareness of their new products.</li></ul>

SharkNinja's first quarter 2024 earnings revealed a company with strong financial performance, a robust global supply chain, and a commitment to a growth strategy that has yielded positive results.In the first quarter, the company saw adjusted net sales increase by 28% and adjusted EBITDA grow by 30%.This can be attributed to significant investments in selling and marketing initiatives aimed at expanding the company's presence in emerging international markets and driving global awareness of their new products.

SharkNinja Inc.: What Are The Growth Avenues for Global Expansion? - Major Drivers

<ul><li>This is our our first report on household appliances distributor, SharkNinja.</li><li>The company's Q4 2023 Earnings revealed that it had a robust fourth quarter, with nearly 20% growth in adjusted net sales and more than 70% growth in adjusted EBITDA. The CEO, Mark Barrocas, attributed this to the company's growth strategy, innovation and the support from both consumers and retail partners.</li><li>The company's full year sales grew by over 15% nearing to $4.2 billion and with an adjusted EBITDA increase by nearly 39% reaching $720 million.</li></ul>

This is our our first report on household appliances distributor, SharkNinja.The company's Q4 2023 Earnings revealed that it had a robust fourth quarter, with nearly 20% growth in adjusted net sales and more than 70% growth in adjusted EBITDA. The CEO, Mark Barrocas, attributed this to the company's growth strategy, innovation and the support from both consumers and retail partners.The company's full year sales grew by over 15% nearing to $4.2 billion and with an adjusted EBITDA increase by nearly 39% reaching $720 million.

SharkNinja Inc.: Initiation of Coverage - A Story Of Expansion Into New Markets & Categories! - Major Drivers

Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>Back on the 23 February, household appliance maker <a href="https://www.smartkarma.com/entities/js-global-lifestyle-co-ltd" target="_blank" data-smartkarma-citation="entities:28155:1" rel="noopener">JS Global Lifestyle (1691 HK)</a> proposed spinning off SharkNinja's ex-Asia Pac ops in the U.S.  </li>
<li>This spin-off would be undertaken as a distribution in-specie, creating a parallel listing structure for SharkNinja and the remaining operations.</li>
<li>Shareholders of JSG will vote on the separate listing at the EGM on the 26 June, with the last day cum-entitlement on the 27 June.</li>
</ul>


Back on the 23 February, household appliance maker JS Global Lifestyle (1691 HK) proposed spinning off SharkNinja's ex-Asia Pac ops in the U.S.  
This spin-off would be undertaken as a distribution in-specie, creating a parallel listing structure for SharkNinja and the remaining operations.
Shareholders of JSG will vote on the separate listing at the EGM on the 26 June, with the last day cum-entitlement on the 27 June.


JS Global (1691 HK)'s SharkNinja Spin-Off

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SharkNinja (SN US)

Sharkninja (SN) - Thursday, Mar 21, 2024

SharkNinja, a newly listed company in the US markets, is a well-managed compounder with two popular global consumer brands, Shark and Ninja.

Value Investors Club

SharkNinja Inc.: What Are The Growth Avenues for Global Expansion? - Major Drivers

SharkNinja's first quarter 2024 earnings revealed a company with strong financial performance, a robust global supply chain, and a commitment to a...

Baptista Research

SharkNinja Inc.: Initiation of Coverage - A Story Of Expansion Into New Markets & Categories! - Major Drivers

This is our our first report on household appliances distributor, SharkNinja. The company's Q4 2023 Earnings revealed that it had a robust fourth...

Baptista Research

JS Global (1691 HK)'s SharkNinja Spin-Off

Wow - SharkNinja (SN US)'s market cap on its first day of trading is ~US$4.2bn - a punchy 23x trailing PER - well above the expected value of...

David Blennerhassett

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