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Figs Inc (FIGS)



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Upturn Advisory Summary
02/18/2025: FIGS (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit -74.75% | Avg. Invested days 21 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 933.96M USD | Price to earnings Ratio 110 | 1Y Target Price 5.72 |
Price to earnings Ratio 110 | 1Y Target Price 5.72 | ||
Volume (30-day avg) 1706715 | Beta 1.22 | 52 Weeks Range 4.30 - 7.05 | Updated Date 02/18/2025 |
52 Weeks Range 4.30 - 7.05 | Updated Date 02/18/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 0.05 |
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 1.98% | Operating Margin (TTM) -6.15% |
Management Effectiveness
Return on Assets (TTM) 0.96% | Return on Equity (TTM) 2.86% |
Valuation
Trailing PE 110 | Forward PE 64.52 | Enterprise Value 708145528 | Price to Sales(TTM) 1.7 |
Enterprise Value 708145528 | Price to Sales(TTM) 1.7 | ||
Enterprise Value to Revenue 1.29 | Enterprise Value to EBITDA 53.42 | Shares Outstanding 161527008 | Shares Floating 147325699 |
Shares Outstanding 161527008 | Shares Floating 147325699 | ||
Percent Insiders 11.12 | Percent Institutions 87.23 |
AI Summary
Figs Inc. (NYSE: FIGS) - A Comprehensive Overview
Company Profile:
History: Founded in 2013 by Heather Hasson and Trina Spear, Figs Inc. began as a direct-to-consumer healthcare apparel company. It disrupted the industry with stylish and comfortable scrubs for medical professionals. The company quickly gained popularity and expanded its product line to include other healthcare essentials. Figs Inc. went public in 2021.
Core Business Areas: Figs Inc. primarily creates and sells high-quality healthcare apparel, including scrubs, lab coats, footwear, and accessories. The company focuses on providing a comfortable and stylish alternative to traditional medical uniforms.
Leadership:
- Heather Hasson, Co-Founder and Chief Creative Officer
- Trina Spear, Co-Founder and Chief Executive Officer
- Robert LaFleur, Chief Financial Officer
- Catherine Spear, Chief Operating Officer
Corporate structure: Figs Inc. operates through a direct-to-consumer model, selling its products primarily through its website and mobile app. The company also has a network of retail stores and partners with select healthcare institutions.
Top Products and Market Share:
- Scrubs: Figs Inc. offers a wide variety of scrubs for men and women, known for their comfortable fit, stylish designs, and moisture-wicking fabric.
- Lab Coats: The company's lab coats are popular for their professional appearance and functional features.
- Footwear: Figs Inc. also offers comfortable and supportive footwear designed for healthcare professionals.
- Accessories: The company sells a range of accessories, including masks, bags, and headwear.
Market Share: Figs Inc. holds a significant market share in the premium healthcare apparel segment. While the exact figure is unavailable, the company reports strong sales growth and a loyal customer base.
Total Addressable Market: The global healthcare apparel market is estimated to be worth over $70 billion. The U.S. market represents a significant portion of this, estimated at $25 billion.
Financial Performance:
- Revenue: Figs Inc. reported $314.4 million in revenue for the fiscal year 2022, representing a 24% increase year-over-year.
- Net Income: The company had a net income of $25.7 million in 2022, compared to a net loss of $21.4 million in 2021.
- Profit Margin: Figs Inc. boasts a healthy gross profit margin of 62.4% and a net profit margin of 8.2%.
- Earnings per Share (EPS): The company's diluted EPS for 2022 was $0.45, compared to a diluted EPS loss of $0.39 in 2021.
Cash Flow and Balance Sheet: Figs Inc. has a strong cash position and a healthy balance sheet. The company generated $62.4 million in operating cash flow in 2022 and has $127.4 million in cash and equivalents as of December 31, 2022.
Dividends and Shareholder Returns:
- Dividend History: Figs Inc. does not currently pay a dividend.
- Shareholder Returns: The company's stock price has increased significantly since its IPO, delivering strong returns to shareholders.
Growth Trajectory:
- Historical Growth: Figs Inc. has experienced rapid growth in recent years. Revenue has grown by over 100% in each of the past two years.
- Future Growth Projections: Analysts expect the company to continue its strong growth trajectory in the coming years, driven by increasing demand for premium healthcare apparel and expansion into new markets.
Market Dynamics:
- Industry Trends: The healthcare apparel industry is experiencing a shift towards more comfortable and stylish options.
- Demand-Supply Scenario: Demand for premium healthcare apparel is increasing, while the supply remains limited.
- Technological Advancements: Figs Inc. is leveraging technology to enhance its customer experience and optimize its operations.
Market Positioning: Figs Inc. is well-positioned within the industry as a leading provider of premium healthcare apparel. The company's strong brand, loyal customer base, and innovative product offerings give it a competitive advantage.
Competitors:
- Main competitors:
- Clove (CLV)
- Jaanuu (private)
- Medelita (private)
- Scrubs & Beyond (private)
- Market Share: Figs Inc. holds a larger market share compared to its direct competitors.
- Competitive Advantages: Figs Inc. has a strong brand identity, a loyal customer base, and a focus on innovation.
- Disadvantages: The company faces competition from established players in the traditional healthcare apparel market.
Potential Challenges and Opportunities:
- Challenges:
- Supply chain issues: Figs Inc. relies on a global supply chain, which can be disrupted by various factors.
- Technological changes: The company needs to stay ahead of technological advancements in the retail industry.
- Competitive pressures: Figs Inc. faces increasing competition from new entrants and established players.
- Opportunities:
- New markets: Expanding into new markets, such as international markets, can drive future growth.
- Product innovation: Introducing new and innovative products can attract new customers and strengthen the company's market position.
- Strategic partnerships: Collaborating with healthcare institutions and other organizations can create new opportunities.
Recent Acquisitions (last 3 years):
- No acquisitions reported in the last 3 years.
AI-Based Fundamental Rating:
Rating: 8 out of 10
Justification: Figs Inc. has strong financials, a leading market position, and a clear growth strategy. The company is well-positioned to benefit from the growing demand for premium healthcare apparel. However, the company faces challenges from supply chain issues, technological changes, and competitive pressures.
Sources:
- Figs Inc. Investor Relations: https://investors.figs.com/
- SEC Filings: https://www.sec.gov/cgi-bin/browse-edgar?company=Figs&owner=exclude&action=getcompany
- Yahoo Finance: https://finance.yahoo.com/quote/FIGS/
- MarketWatch: https://www.marketwatch.com/investing/stock/figs
Disclaimer: The information provided above should not be considered financial advice. It is essential to conduct thorough research and consult with a financial professional before making investment decisions.
About Figs Inc
Exchange NYSE | Headquaters Santa Monica, CA, United States | ||
IPO Launch date 2021-05-27 | Co-Founder, CEO & Director Ms. Catherine Eva Spear | ||
Sector Consumer Cyclical | Industry Apparel Manufacturing | Full time employees 343 | Website https://www.wearfigs.com |
Full time employees 343 | Website https://www.wearfigs.com |
FIGS, Inc. operates as a direct-to-consumer healthcare apparel and lifestyle company in the United States and internationally. It designs and sells healthcare apparel and scrubwear and non-scrubwear offerings, such as outerwear, underscrubs, footwear, compression socks, lab coats, loungewear, and other apparel. It also offers sports bras, performance leggings, tops, super-soft pima cotton tops, vests, fleeces, and jackets; necessities, scrub caps, lanyards, badge reels, tote bags, baseball caps, and beanies. The company markets and sells its products to healthcare professionals through its direct-to-consumer digital platform comprising website, mobile app, and B2B business, as well as retail store. FIGS, Inc. was founded in 2013 and is headquartered in Santa Monica, California. FIGS, Inc.
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