Pitch: A good business at a low valuation. Shoe Zone is an omni-channel footwear retailer in the UK that is expected to at least partially sustain the elevated COVID period margins. Moat results from a low-cost business structure wide network of carefully chosen retail locations, and strong management. Insiders own 55% of the stock.
Valuation: SHOE.L trades at 5x EV/EBIT or 8.6x trailing 10-year average FCF.
Exp. gain: Not specified
Full SHOE.L write-up (free guest account required):