Weight Watchers International, Inc. (WTW) ("Weight Watchers", "WTW" or the "Company") is a leading provider of weight management products and services with 43% of the United States market (including online and in-meeting). The Company has a market cap of ~$2B and an enterprise value of $4.4B. In 2012, the Company derived 72% of revenues from its In-Person meeting segment, and 28% from WeightWatchers.com. Geographically, the Company generates ~70% of its revenues from the United States and the remainder from overseas.
Mr. Market is currently offering a high quality clinically proven franchise, with a leading market share at 5.5x/5.1x 5 yr. average/TTM pretax earnings and 7.7x FY2012 FCFE. Importantly, the undemanding multiples are associated with a business...
Only subscribers can access this article, which is part of the PRO research library covering 3,770 different stocks.
Growing numbers of fund managers and other investment professionals subscribe to Seeking Alpha PRO for equity research that is unavailable elsewhere, so they can: