Chewy Vs. Pet Valu: Which Growth Stock Is a Better Buy?
Chewy Vs. Pet Valu: Which Growth Stock Is a Better Buy?
Chewy's sales have increased from US$4.84 billion in fiscal 2020 (which ended in January) to US$11.3 billion in the last four quarters. Like other growth companies, Chewy has focused on improving its profit margins amid slowing sales and a challenging macro environment. In the last year, Chewy reported an operating income of US$65 million, compared to a loss of US$23.6 million in fiscal 2024 and US$253 million in 2020.Pet stocks such as Chewy (NYSE:CHWY) and Pet Valu (TSX:PET) have significantly underperformed the broader markets since their respective initial public offerings. Chewy went public in June 2019 at US$22 per share. Today, it trades 75% below all-time highs. Similarly, Pet Valu was listed at $20 and went public in June 2021. Today, it trades 40% below record levels.
寵物股票，如紐交所: chewy （CHWY）和 tsx: PET 的表現遠遠低於廣泛市場自其各自首次公開發行以來。 chewy 於2019年6月以每股22美元的價格上市。今天，其交易價格比歷史最高價低75%。同樣，Pet Valu 以20美元的價格上市，於2021年6月首次公開發行。今天，其交易價格比歷史最高價低40%。
These pet stocks are part of expanding addressable markets that are fairly recession-proof. So, let's see which growth stock is a good buy right now.
這些寵物股票是擴大的可尋址市場的一部分，相對不受經濟衰退影響。因此，讓我們看看現在哪支增長股是一個不錯的買入選擇。
Is Chewy stock a good buy today?
今天買入 chewy 股票是明智的選擇嗎？
Valued at a market cap of US$12.5 billion, Chewy provides pet food, treats, medications, and other pet health products on its online platform. With more than 100,000 product listings, customers can choose from over 3,000 partner brands on Chewy's mobile application and website.
以一個市值125億美元的身份，chewy 在其在線平台上提供寵物食品、零食、藥品和其他寵物保健產品。顧客可以在 chewy 的移動應用程序和網站上從超過100,000個產品列表中選擇，以及從3000多個合作伙伴品牌中選擇。
Chewy's sales have increased from US$4.84 billion in fiscal 2020 (which ended in January) to US$11.3 billion in the last four quarters. Like other growth companies, Chewy has focused on improving its profit margins amid slowing sales and a challenging macro environment. In the last year, Chewy reported an operating income of US$65 million, compared to a loss of US$23.6 million in fiscal 2024 and US$253 million in 2020.
在2020財年（截至一月）的營業收入從48.4億美元增至上四個季度的113億美元。像其他增長公司一樣，chewy 在放緩銷售和具有挑戰性的宏觀環境中專注於提高其利潤率。在過去的一年中，chewy 的營業收入達到6500萬美元，而2024財年是負2360萬美元，2020年是負25300萬美元。
Chewy has a robust business model. In the fiscal second quarter (Q2) of 2025, it generated nearly 80% of its revenue from Autoship customers. The Autoship program is a subscription service for pet owners that allows them to schedule automatic deliveries of several products. While the Autoship program provides customers convenience, it enables Chewy to earn a steady stream of subscription income.
chewy 有一個強大的業務模式。在2025財年第二季度（Q2）中，近80%的營收來自自動寄送客戶。自動寄送計劃是給寵物主人的訂閱服務，允許他們安排幾種產品的自動交付。雖然自動寄送計劃爲客戶提供了方便，但也使 chewy 賺取穩定的訂閱收入。
Moreover, 85% of its sales in the last year were derived from essential items, including pet food and pet health products.
此外，過去一年中，85%的銷售額來自寵物食品和寵物保健產品等必需品。
Chewy's sales growth is decelerating, which might make investors nervous. In the last 12 months, its sales grew by just 4.4% yearly, compared to 10.2% in fiscal 2024 and 25.5% in 2022. However, the pet food giant is reporting consistent profits and ended the last quarter with a free cash flow of US$91.5 million. In the last 12 months, its free cash flow has grown to US$260 million, up from US$120 million in fiscal 2023.
chewy 的銷售增長正在放緩，可能會讓投資者感到緊張。在過去12個月中，其年銷售僅增長4.4%，而2024財年是10.2%，2022年是25.5%。然而，這家寵物食品巨頭一直在報告持續盈利，並在上個季度以9千150萬美元的自由現金流收官。在過去12個月中，其自由現金流增長至2億6000萬美元，高於2023財年的1億2000萬美元。
Priced at 33 times forward earnings, CHWY stock trades at a discount of less than 5% to consensus price targets.
以33倍前瞻收益定價，CHWY股票的交易價格比一致價格目標低不到5%。
Is Pet Valu stock undervalued?
Pet Valu股票被低估了嗎？
With a market cap of $1.85 billion, Pet Valu is much smaller in size than Chewy. It ended 2023 with more than $1 billion in sales, up from $573.5 million in 2019. Unlike Chewy, Pet Valu reports a consistent profit and pays shareholders a quarterly dividend of $0.11 per share, which translates to a yield of 1.70%.
以市值18.5億美元來看，Pet Valu比Chewy要小得多。截至2023年，其銷售額超過10億美元，而2019年爲57350萬美元。與Chewy不同，Pet Valu報告穩定利潤，並向股東支付每股0.11美元的季度股息，收益率爲1.70%。
Its free cash flow in 2023 totalled $78.1 million. Given its outstanding share count, Pet Valu's annual dividend expense amounts to $31.5 million, indicating a payout ratio of just 40%. However, the TSX stock has underperformed in recent years as its free cash flow has narrowed from $106.6 million in 2019.
2023年，其自由現金流總額爲7810萬美元。考慮到其優秀的股份數量，Pet Valu的年度股息支出爲3150萬美元，表明僅佔40%的派息比率。然而，由於其自由現金流自2019年以來逐漸減少，TSX股票的表現未能令人滿意。
Pet Valu is Canada's largest specialty retailer. It sells its products via a network of retail stores and on its website. With more than 805 stores in Canada, Pet Valu commands an 18% market share in the country.
Pet Valu是加拿大最大的專業零售商。它通過零售店和網站銷售其產品。在加拿大擁有超過805家門店，Pet Valu在該國擁有18%的市場份額。
Priced at 16 times forward earnings, PET stock trades at a 20% discount to consensus price target estimates.
以16倍前瞻收益定價，PEt股票的交易價格比一致價格目標估值低20%。
譯文內容由第三人軟體翻譯。
