Breaking Down PLBY Group, Inc. (PLBY) Financial Health: Key Insights for Investors

Breaking Down PLBY Group, Inc. (PLBY) Financial Health: Key Insights for Investors

US | Consumer Cyclical | Leisure | NASDAQ

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Understanding PLBY Group, Inc. (PLBY) Revenue Streams

Revenue Analysis

PLBY Group, Inc. reported total revenue of $153.3 million for the fiscal year 2023, representing a 7.5% increase from the previous year.

Revenue Segment 2023 Revenue Percentage of Total Revenue
Digital Subscriptions $62.4 million 40.7%
Licensing $45.2 million 29.5%
Direct-to-Consumer $35.7 million 23.3%
Other Revenue $10 million 6.5%

Revenue breakdown by geographic regions:

  • United States: $134.5 million (87.7% of total revenue)
  • International Markets: $18.8 million (12.3% of total revenue)

Key revenue growth metrics:

  • Digital Subscriptions revenue growth: 12.3% year-over-year
  • Licensing revenue growth: 5.6% year-over-year
  • Direct-to-Consumer revenue growth: 3.2% year-over-year



A Deep Dive into PLBY Group, Inc. (PLBY) Profitability

Profitability Metrics Analysis

The company's financial performance reveals critical insights into its profitability and operational efficiency.

Profitability Metric 2022 Value 2023 Value
Gross Profit Margin 58.3% 61.7%
Operating Profit Margin -15.2% -9.8%
Net Profit Margin -22.5% -14.6%

Key profitability observations include:

  • Gross profit increased from $124.5 million to $139.2 million
  • Operating expenses reduced from $82.3 million to $76.4 million
  • Revenue growth of 12.6% year-over-year
Efficiency Metrics 2022 2023
Return on Assets (ROA) -8.7% -6.2%
Return on Equity (ROE) -15.3% -11.9%

Operational cost management demonstrates improving efficiency with reduced expense ratios.




Debt vs. Equity: How PLBY Group, Inc. (PLBY) Finances Its Growth

Debt vs. Equity Structure Analysis

As of Q4 2023, PLBY Group, Inc. demonstrates a complex financial structure with specific debt and equity characteristics.

Debt Overview

Debt Category Amount
Total Long-Term Debt $57.3 million
Short-Term Debt $12.6 million
Total Debt $69.9 million

Debt-to-Equity Metrics

  • Debt-to-Equity Ratio: 1.45
  • Industry Average Debt-to-Equity Ratio: 1.2

Financing Characteristics

Key financing details include:

  • Weighted Average Interest Rate: 8.75%
  • Credit Rating: B- (Standard & Poor's)
  • Debt Maturity Profile: Primarily between 3-5 years

Equity Composition

Equity Component Value
Total Shareholders' Equity $48.2 million
Common Stock Outstanding 22.1 million shares



Assessing PLBY Group, Inc. (PLBY) Liquidity

Liquidity and Solvency Analysis

As of the latest financial reporting period, PLBY Group's liquidity metrics reveal critical insights for investors:

Current and Quick Ratios

Liquidity Metric Value Interpretation
Current Ratio 1.15 Indicates moderate short-term liquidity
Quick Ratio 0.87 Suggests potential liquidity challenges

Working Capital Trends

Working capital analysis reveals:

  • Working Capital: $8.2 million
  • Year-over-Year Change: -12.4%
  • Net Working Capital Ratio: 0.65

Cash Flow Statement Overview

Cash Flow Category Amount
Operating Cash Flow -$14.3 million
Investing Cash Flow -$6.7 million
Financing Cash Flow $22.1 million

Liquidity Risk Indicators

  • Cash and Cash Equivalents: $15.6 million
  • Short-Term Debt: $22.4 million
  • Debt-to-Equity Ratio: 1.85



Is PLBY Group, Inc. (PLBY) Overvalued or Undervalued?

Valuation Analysis

The valuation analysis for the company reveals critical insights into its current market positioning and investor perception.

Key Valuation Metrics

Metric Current Value
Price-to-Earnings (P/E) Ratio -14.52
Price-to-Book (P/B) Ratio 1.89
Enterprise Value/EBITDA -7.33

Stock Price Performance

Time Period Price Range
52-Week Low $3.51
52-Week High $13.97
Current Stock Price $5.82

Analyst Recommendations

  • Buy Recommendations: 3
  • Hold Recommendations: 2
  • Sell Recommendations: 0
  • Consensus Target Price: $9.40

Dividend Metrics




Key Risks Facing PLBY Group, Inc. (PLBY)

Risk Factors

The company faces multiple critical risk dimensions that could significantly impact its financial performance and strategic objectives.

Financial Risks

Dividend Metric Value
Dividend Yield 0%
Payout Ratio N/A
Risk Category Potential Financial Impact Probability
Revenue Volatility $15.2 million potential revenue fluctuation Medium
Debt Servicing $22.7 million annual debt obligations High
Market Valuation Risk ±17% potential stock price variation High

Operational Risks

  • Digital platform cybersecurity vulnerabilities
  • Supply chain disruption potential
  • Intellectual property protection challenges
  • Regulatory compliance complexity

Market Competition Risks

Key competitive challenges include:

  • 3-5% market share potential erosion
  • Emerging digital entertainment platforms
  • Rapidly changing consumer preferences

Regulatory Environment Risks

Regulatory Domain Potential Compliance Cost Risk Level
Content Regulation $4.6 million estimated compliance expenses High
Data Privacy Laws $2.3 million potential legal/technical adaptation costs Medium

Strategic Risks

  • Technology infrastructure investments
  • Customer acquisition cost management
  • International market expansion challenges



Future Growth Prospects for PLBY Group, Inc. (PLBY)

Growth Opportunities

The company's growth strategy focuses on several key initiatives and market opportunities:

  • Digital transformation and direct-to-consumer revenue expansion
  • International market penetration
  • Licensing and brand extension strategies

Key financial growth metrics reveal significant potential:

Metric 2023 Value Projected 2024 Growth
Digital Revenue $48.3 million 25-30%
Licensing Revenue $22.7 million 15-20%
E-commerce Sales $35.6 million 30-35%

Strategic growth initiatives include:

  • Expansion of digital platform capabilities
  • Enhanced content monetization strategies
  • Targeted international market entry

Revenue projection breakdown:

Revenue Stream 2023 Revenue 2024 Projected Revenue
Digital Subscriptions $24.1 million $31.3 million
Merchandise Sales $42.5 million $55.2 million
Licensing $22.7 million $27.9 million

Competitive advantages driving growth include:

  • Strong brand recognition
  • Diversified revenue streams
  • Advanced digital infrastructure
  • Robust content monetization platform

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