Aug. 19 at 8:31 PM
$HITI is basically doing
$175 mil in revenue per quarter today (
$150MIL from company’s Q3 high-end rev guidance +
$25MIL from Remexian acq) with tons of growth ahead in both 🇨🇦 and 🇩🇪.
$WING reported
$174.3 mil of revenue in their most recent ER.
HighTide Market cap:
$345 million
Price to sale ratio: 0.6
Wingstop Market cap: +
$9 billion
Price to sale ratio: 14.6
I understand it’s not a great comparison. Wingstop is profitable, has massive scale and size, has a completely different business model, different industry/risks, etc. But the difference in valuation is wild 🤯