Added to YB: 2026-06-24
Pitch date: 2026-04-14
LUXE [bullish]
LuxExperience B.V.
-7.23%
current return
Author Info
No bio for this author
Company Info
LuxExperience B.V., through its subsidiary, operates digital platform for the luxury fashion in Germany, the United States, Europe, Middle East, Japan, mainland China, Hong Kong SAR, China, and internationally.
Market Cap
$899.5M
Pitch Price
$8.58
Price Target
22.00 (+176%)
Dividend
N/A
EV/EBITDA
1.26
P/E
1.95
EV/Sales
0.32
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.
Read full article (4 min)