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Pandora (PNDRY)
OTHER OTC:PNDRY
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Pandora
(OTC:PNDRY)
Rating:73Outperform
Price Target:
$23.00
▲(35.21% Upside)
Positive Factors
Revenue Growth
Consistent revenue growth highlights Pandora's ability to expand its market reach and product adoption, reinforcing its competitive position in the jewelry sector.
Cash Flow Management
Strong cash flow management supports Pandora's ability to invest in growth initiatives and service debt, ensuring long-term financial health and operational flexibility.
Profitability
Improved profitability and stable margins indicate efficient operations and cost management, enhancing Pandora's ability to sustain competitive advantages and invest in future growth.
Negative Factors
High Leverage
Significant leverage can pose risks to financial stability, potentially limiting Pandora's ability to respond to market changes and invest in new opportunities without increasing financial strain.
Equity Ratio
While the equity ratio is adequate, it suggests limited buffer against financial distress, which could impact Pandora's ability to withstand economic downturns or unexpected expenses.
Market Sentiment
A significant decline in market sentiment since the last filing could indicate investor concerns about Pandora's future prospects, potentially affecting its ability to attract investment and support stock price stability.
Pandora (PNDRY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$10.18B
Dividend YieldN/A
Average Volume (3M)6.76K
Price to Earnings (P/E)13.7
Beta (1Y)0.99
Revenue Growth8.69%
EPS Growth13.90%
CountryUS
EmployeesN/A
SectorConsumer Cyclical
Sector Strength75
IndustryRetail - Discretionary
Share Statistics
EPS (TTM)0.20
Shares Outstanding632,000,000
10 Day Avg. Volume0
30 Day Avg. Volume6,756
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)0.00
Price to Sales (P/S)0.00
P/FCF Ratio0.00
Enterprise Value/Market Cap1.54
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$23.00Price Target Upside35.21% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
Pandora Business Overview & Revenue Model
Company DescriptionPandora A/S engages in the design, manufacture, and sale of hand-finished and modern jewelry. It operates through the following geographical segments: EMEA, Americas, and Asia Pacific. The company was founded by Per Enevoldsen and Winnie Enevoldsen in 1982 and is headquartered in Glostrup, Denmark.
How the Company Makes MoneyPandora generates revenue primarily through the sale of its jewelry products across various channels, including company-owned stores, e-commerce platforms, and authorized retailers. The company's revenue model is anchored in direct-to-consumer sales, alongside wholesale partnerships that expand its market reach. Key revenue streams include the sale of charm bracelets, which are a significant part of its product lineup, as well as seasonal collections and limited-edition items that drive consumer interest. Additionally, Pandora has established partnerships with various retailers and online platforms to enhance distribution, while also leveraging marketing campaigns to boost brand visibility and customer engagement. The company's focus on personalization and customer experience further contributes to customer loyalty and repeat purchases.
Pandora Earnings Call Summary
Earnings Call Date:Aug 15, 2025
(Q3-2024)
| % Change Since: |
Next Earnings Date:Nov 05, 2025
Earnings Call Sentiment Positive
Pandora showed strong financial performance with significant like-for-like growth, improved margins, and successful brand repositioning. However, challenges in key markets like China and Italy, as well as the pressure from rising commodity prices, indicate areas of concern.Q3-2024 Updates
Positive Updates
Strong Like-for-Like Growth
Pandora delivered 7% like-for-like growth in Q3 2024, demonstrating stable growth in core collections and strong growth in other collections.
Improved Gross Margin
The gross margin remained above 80% for the second consecutive quarter, showing structural efficiencies and ASP improvements.
Double-Digit EPS Growth
Pandora achieved double-digit EPS growth, fulfilling its target set at last year's Capital Markets Day.
Lab-Grown Diamonds Growth
The lab-grown diamond collection showed a 34% like-for-like growth, indicating strong market reception.
Full-Year Organic Growth Guidance Raised
Pandora increased its full-year organic growth guidance to 11%-12% from 9%-12% previously, due to strong year-to-date performance.
U.S. Market Performance
The U.S. market delivered 6% like-for-like growth, with total organic growth at 14% due to network expansion.
Brand Repositioning Success
Pandora's marketing efforts and brand restaging have led to higher store traffic and improved brand KPIs, such as unaided awareness and consideration.
Network Expansion Contribution
Pandora's store network expansion contributed 5% to organic revenue growth in Q3 2024.
Negative Updates
Challenges in China
China faced a 33% like-for-like decline, attributed to a challenging market backdrop and brand-related challenges.
Performance in Italy
Pandora's business in Italy remains challenged, with brand metrics not yet translating into higher store traffic.
Commodity and FX Headwinds
Pandora faces a 50 basis point headwind from commodities and foreign exchange, which is expected to persist.
EBIT Margin Pressure from Silver Prices
EBIT margin guidance for 2026 faces a potential 360 basis point headwind due to increased silver and gold prices.
Australia's Negative Performance
Australia showed a 2% like-for-like decline, with performance weighed down by the partner channel.
Company Guidance
During the Q3 2024 earnings call for Pandora (PNDORA.CO), significant guidance was provided regarding the company's performance and future outlook. The company reported a 7% like-for-like growth in the quarter, with particular strength in the "Fuel with more" segment, which saw a 21% like-for-like increase, and the lab-grown diamond collection, which achieved 34% like-for-like growth. Pandora raised its full-year organic growth guidance to 11% to 12%, previously set at 9% to 12%, while maintaining the EBIT margin guidance at around 25%. The company also noted strong performance in the U.S. with a 6% like-for-like growth and robust growth in Germany at 42%. However, challenges were observed in China, with a 33% decline in like-for-like sales, attributed to market conditions and brand positioning issues. The call highlighted ongoing investments in Pandora's Phoenix strategy, emphasizing brand transformation and marketing efforts, which have led to increased store traffic and improved brand KPIs. As part of the cost mitigation strategy in response to higher commodity prices, Pandora implemented a 5% price increase in October and is exploring further pricing actions for 2025.Pandora Financial Statement Overview
Summary
Income Statement
Balance Sheet
Cash Flow
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| Gross Profit |
| EBITDA |
| Net Income |
Balance Sheet |
| Total Assets |
| Cash, Cash Equivalents and Short-Term Investments |
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Pandora Technical Analysis
Negative
17.01
Price Trends
19.26
Negative
20.27
Negative
20.70
Negative
Market Momentum
-0.74
Negative
38.14
Neutral
49.08
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PNDRY, the sentiment is Negative. The current price of 17.01 is below the 20-day moving average (MA) of 17.23, below the 50-day MA of 19.26, and below the 200-day MA of 20.70, indicating a bearish trend. The MACD of -0.74 indicates Negative momentum. The RSI at 38.14 is Neutral, neither overbought nor oversold. The STOCH value of 49.08 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for PNDRY.
Pandora Peers Comparison
Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $6.33B | 13.80 | 19.72% | ― | 9.63% | 56.06% | |
78 Outperform | $8.59B | 21.45 | 20.93% | 2.40% | 2.90% | 182.72% | |
75 Outperform | $3.75B | 30.70 | 6.82% | 1.31% | -1.63% | -72.22% | |
73 Outperform | $10.18B | 13.73 | 135.52% | ― | 8.69% | 13.90% | |
67 Neutral | $3.05B | 14.01 | 12.93% | 2.18% | 0.81% | 4.86% | |
62 Neutral | $4.63B | 9.68 | 11.31% | 4.08% | -3.43% | 169.28% | |
61 Neutral | $18.09B | 12.97 | -1.60% | 2.98% | 1.42% | -15.92% |
* Consumer Cyclical Sector Average
Performance Comparison
PNDRY
Pandora
17.01
-5.14
-23.21%
COLM
Columbia Sportswear
55.69
-25.55
-31.45%
M
Macy's
17.46
3.04
21.08%
SIG
Signet Jewelers
92.84
3.24
3.62%
URBN
Urban Outfitters
71.70
35.67
99.00%
LEVI
Levi Strauss & Co
22.08
2.73
14.11%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.