Added to YB: 2026-06-24
Pitch date: 2026-04-14
LUXE [bullish]
LuxExperience B.V.
+12.59%
current return
Author Info
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Company Info
LuxExperience B.V., through its subsidiary, operates an online shopping platform in Germany, the United States, rest of Europe, and internationally.
Market Cap
$926.6M
Pitch Price
$8.58
Price Target
22.00 (+118%)
Dividend
N/A
EV/EBITDA
0.84
P/E
1.23
EV/Sales
0.43
Sector
Specialty Retail
Category
turnaround
LuxExperience B.V. - $LUXE
LUXE: Luxury e-comm holdco (Mytheresa+YNAP) at €700m EV, 0.3x EV/rev, 0.6x EV/GP. Transformational Yoox-Net-a-Porter deal underappreciated; €2.5B run-rate, last well-capitalized survivor as rivals fail. Industry troughing, NAP turnaround (EBITDA -0.7% vs -6.9%), Mytheresa +11.6% sales. Base case $22 (15x ex-cash, double); pay 10x for Mytheresa, get NAP/MRP/Yoox free. €1.5B NOLs. Risks: macro, FX, Richemont lockup expiry.
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