Costco's membership economics remain best-in-class with 93%+ renewal rates and the 2024 fee increase flowing through to membership fee income. Treasure-hunt model and Kirkland private label drive sustainable comp growth. International expansion (Asia, Europe) provides multi-decade runway. The valuation is the constraint: premium multiple already prices in the durability premium. Operational excellence continues to compound but limited multiple expansion left.
| Ticker | Company | Score | Gap | Signal Δ | Action |
|---|---|---|---|---|---|
| LI | Li Auto Inc | 47 | +7% | ↑2% | NEUTRAL |
| BTI | British American Tobacco PLC | 47 | +14% | ↑2% | EARLY |
| TM | Toyota Motor Corporation | 47 | +8% | ↑2% | EARLY |
| NIO | NIO Inc | 47 | -10% | ↑2% | AVOID |
| DEO | Diageo PLC | 47 | +8% | ↑2% | NEUTRAL |
| JD | JD.com Inc | 47 | +13% | ↑2% | EARLY |
| DIS | The Walt Disney Company | 47 | +12% | ↑2% | EARLY |
Costco membership renewal rate at 93%, fee increase fully absorbed
Costco comp sales +6% as middle-income traffic accelerates
Estimates · Yahoo Finance · Not audited figures