bullish
ATRenew: A Turnaround Story With Material Increase in Profit Margins + Remaining Share Buyback
450 Views05 Dec 2022 23:08
SUMMARY
- ATRenew (RERE US) is one of the stocks in China that is starting to look very attractive after a sharp decline in its share price since its IPO.
- ATRenew has achieved noticeable improvements in operations and profitability in the recent quarter.
- Our base case valuation analysis suggests an implied market cap of US$720 million, representing an implied price of US$3.15 per share, representing an upside of 43% from current price.
Begin exploring Smartkarma's AI-augmented investing intelligence platform with a complimentary Preview Pass to:
- Unlock research summaries
- Follow top, independent analysts
- Receive personalised alerts
- Access Analytics, Events and more
Join 55,000+ investors, including top global asset managers overseeing $13+ trillion.
Upgrade later to our paid plans for full-access.
or
Already have an account? Sign In Now
Discussions
(Paid Plans Only)
Price Chart(Sign Up to Access)
- ATRenew (RERE US): Pre-Owned Satisfaction05 Dec 2022
- Aihuishou IPO Valuation Analysis13 Jun 2021
- Aihuishou IPO Preview01 Jun 2021
x