Filing Flows › Yeti Holdings (YETI) › Takeover & LBO
Is Yeti Holdings (YETI) a takeover target?
A leveraged buyout at today's price plus 30% ($56.76 a share) would return about 3% a year to a private-equity buyer over 5 years; the most a buyer could pay for a 20% return is $37.21 a share (−15% against today's $43.66). Historically 3.2% of companies with its figures were bought within a year (0.64× the average).
The buyout, step by step
| Entry | Amount | How |
|---|---|---|
| Offer price a share | $56.76 | today's $43.66 plus 30% |
| × shares | 75.8 million | |
| = Equity value | $4.3B | |
| + Debt refinanced | $73.8M | |
| − Cash | $59.8M | |
| = Enterprise value | $4.3B | 14.8× EBITDA of $292M |
| Fees | $86.3M | 2% of the price |
| New debt | $1.6B | 5.5× EBITDA at 7.65% a year; the limit that binds: 5.5× EBITDA |
| Buyer's own money | $2.8B | 64% of the cost |
5 years under the buyer
| Year | Revenue | EBITDA | Interest | Free cash flow | Debt left |
|---|---|---|---|---|---|
| Year 1 | $2.1B | $310M | $123M | $93.5M | $1.5B |
| Year 2 | $2.2B | $327M | $116M | $111M | $1.4B |
| Year 3 | $2.3B | $342M | $107M | $128M | $1.3B |
| Year 4 | $2.4B | $355M | $97.5M | $145M | $1.1B |
| Year 5 | $2.4B | $366M | $86.4M | $162M | $968M |
The exit and the buyer's return
| Exit | Amount | |
|---|---|---|
| Exit multiple | 11.4× EBITDA | today's trading multiple, before any premium |
| Enterprise value at exit | $4.2B | |
| − Debt left | $968M | |
| = Buyer's equity | $3.2B | |
| Money multiple | 1.14× | on $2.8B put in |
| Buyer's yearly return (IRR) | 2.7% |
Price against return
What the buyer makes at other premiums over today's $43.66; the IRR reaches 20% at $37.21 a share.
| Premium | Price a share | Buyer's IRR |
|---|---|---|
| 10% | $48.03 | 8.6% |
| 20% | $52.39 | 5.4% |
| 30% | $56.76 | 2.7% |
| 40% | $61.12 | 0.4% |
| 50% | $65.49 | −1.6% |
The figures used
| Figure | Amount | |
|---|---|---|
| Revenue, last 12 months | $1.9B | |
| EBITDA, last 12 months | $292M | 15.1% of revenue |
| Depreciation and amortization | $56.3M | |
| Capital spending | $48.2M | |
| Debt | $73.8M | |
| Cash | $59.8M | |
| Share price | $43.66 | on Oct 30, 2026 |
Fixed rules, the same as the interactive view's starting point: the shares are bought at today's price plus 30%, the company's debt is refinanced and fees take 2%. New debt is the least of 5.5× EBITDA, 65% of the price and the amount whose interest EBITDA covers 2 times, at 7.65% a year (SOFR 3.89% plus the high-yield B spread 3.26% plus 0.5%, rates of Oct 15, 2026). Revenue grows 6.2% in the first year — the company's own rate, held between −3% and +8% — fading to 3% by year 5; the EBITDA margin, depreciation and capital spending stay at today's share of revenue; working capital takes 10% of each year's added revenue; tax is 24% of profit after interest. Every dollar of free cash flow repays debt. After 5 years the buyer sells at today's multiple of EBITDA.
What a takeover could cost
Takeovers on record paid a median premium of 32.5% over the share price before the deal (the middle half 20% to 51.8%), according to the 1,437 merger proxies and tender-offer responses on EDGAR that state a premium. At the median, Yeti Holdings would cost about $57.85 a share, $4.4B for all its shares.
| Premium | % | Price a share | All shares |
|---|---|---|---|
| Low end (a quarter of deals paid less) | 20% | $52.39 | $4.0B |
| Median | 32.5% | $57.85 | $4.4B |
| High end (a quarter paid more) | 51.8% | $66.28 | $5.0B |
The odds, from history
Historically 3.2% of companies with its figures were bought within a year (0.64× the average). Its figures put it in decile 3 of 10 (10 = the most likely to be bought). The odds come from a model of every merger proxy, tender-offer response and going-private statement filed on EDGAR since 2011, set against each company's size, margins, debt, cash flow and growth the year before.
Yeti Holdings' latest quarter
Yeti Holdings, Q2 2026: revenue $484M (+8% year over year), operating margin 19.3%, net earnings $71.3M. The chart follows the revenue to costs, profit and cash.
Questions
Is Yeti Holdings being acquired?
No headline, 8-K or 13D about a sale is on file in the last year.
Could private equity buy Yeti Holdings?
A leveraged buyout at today's price plus 30% ($56.76 a share) would return about 3% a year to a private-equity buyer over 5 years; the most a buyer could pay for a 20% return is $37.21 a share (−15% against today's $43.66).
What would a takeover of Yeti Holdings cost?
Takeovers on record paid a median premium of 32.5% over the share price before the deal (the middle half 20% to 51.8%), according to the 1,437 merger proxies and tender-offer responses on EDGAR that state a premium. At the median, Yeti Holdings would cost about $57.85 a share, $4.4B for all its shares.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.