YETI Holdings, Inc. Common Stock

**1.** **Is the company undervalued?**
_EV/EBIT: 16.34_
_EV/Sales: 3.01_
_Price/Book: 9.64_

$YETI has nearly 10X’d sales since 2014 and trades at a reasonable valuation.  However these metrics are backwards looking and there’s reason to believe growth will decelerate moving
forward.  Nonetheless $YETI is throwing off tons of free cashflow and should continue to grow for some time.  The business is also incredibly profitable, which makes $YETI an interesting idea.

Link to full write-up here:

[https://ericthomson.substack.com/p/yeti-holdings-inc-yeti?r=fgeno&s=w&utm_campaign=post&utm_medium=web](https://ericthomson.substack.com/p/yeti-holdings-inc-yeti?r=fgeno&s=w&utm_campaign=post&utm_medium=web)

$YETI's ability to continue to offer new product lines has admittedly surprised me in the last several years. A fan of their flagship product, I wasn't ever inclined to be a shareholder but their cult-like following that seems to need to own everything they put on the market keeps the brand stronger than ever...I often compare Yeti to $LULU in that it's a great example of a product that is a great gift for others, but you don't often find yourself pulling the trigger on buying it yourself, lol. Maybe that's just me..

Jensen Butler

https://ericthomson.substack.com/p/yeti-holdings-inc-yeti?r=fgeno&s=w&utm_campaign=post&utm_medium=web