UNDER ARMOUR THE NEXT 5X?


Everyone has heard of Under Armour and a lot of people have at least a shirt from them. So they are one of the big sport clothing companies, worldwide known. And if you look at their stock it is at least to me underpriced. Their P/E ratio from the 2023 Q2 to 2022 Q2 is 9 but I think there is room for a lot growth. if you look at 2021 when they had 5.6 billion dollars of revenue and 360 million dollars of profit In 2022 revenue went to 5.7 but earnings were smaller. But if you look at Adidas with a market cap of 32 billion while Under Armour is only a little under 3.5 billion. But Adida's earnings are in 2021 2.2 billion and in 2022 600 million. With the same ratio of Market Cap / Earnings as Adidas Under Armour should be Worth x3-4x more than it is currently worth, but I'll let it slide, that Adidas is still a better-known company, but that means that Under Armour could still go up 2x-3x. Under Armour is a company which is not going anywhere and has some really good products and is an internationally recognized brand. They still have great growth potential. What are your thoughts on the stock?


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