12 High Growth Low PE Stocks to Buy

5. Crocs, Inc. (NASDAQ:CROX)

5-Year Revenue CAGR: 28.04%

Number of Hedge Fund Holders: 42

Forward P/E as of January 29: 7.53

Crocs, Inc. (NASDAQ:CROX) is a footwear and accessories company that designs, manufactures and sells casual lifestyle footwear and accessories for men, women, and children under Crocs and HEYDUDE Brand. While the stock was flat last year, it is a high growth low P/E stock to buy, going by the strong demand for its products.

While China has been a difficult market for many brands, Crocs, Inc. (NASDAQ:CROX) is finding its way there. Its Crocs brand saw more than 20% growth last year, backed by robust growth in Australia, France and Germany. Likewise, management expects China and India to be growth drivers in 2025, which should support the 28.04% compound annual growth rate in revenue over the past five years.

The robust growth around the Crocs, Inc. (NASDAQ:CROX) product line was evident, with management projecting 7% to 9% revenue growth. The growth should be more than enough to offset any slowdown in the HeyDudes product line that’s been struggling since its acquisition for $2.5 billion. While the company expects to generate earnings of between $12.82 and $12.90, the stock still sells at a discount with a price-to-earnings multiple of 8.36.