bearish
Oddity Tech: ~34% Downside Risk As Growth Will Slow Down
330 Views24 Aug 2024 21:44
SUMMARY
- Oddity Tech, owner of famous global brands IL MAKIAGE and SpoiledChild, is growing slower than in 2022 and 2023. The overall growth will slow down to ~20% y/y in 2025.
- According to my estimates and SEC filings, private equity firm L Catterton, the largest shareholder, reduced its stake in Oddity Tech to 18.4%, down from ~42% prior to an IPO.
- I see ~34% downside risk in Oddity Tech stock as growth will slow down and the company will launch new brands only in the second half of 2025.
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Andrei Zakharov
Covering IPOs, Healthcare and Technology Stocks
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