Added to YB: 2024-02-27
Pitch date: 2024-02-27
LUXE [bullish]
LuxExperience B.V.
Author Info
Clark Square Capital is a former equity analyst and now a full-time investor managing their own capital. Sign up for their newsletter
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
N/A
Price Target
9.00
Dividend
N/A
EV/EBITDA
0.84
P/E
1.23
EV/Sales
0.43
Sector
Specialty Retail
Category
value
Three-minute pitch #10
MYTE (new position): German luxury e-commerce at EUR 2.85, 0.3x EV/sales, 7.7x adj EBITDA. Sales re-accelerating to DD in FY24 H2. FCF inflecting on inventory unwind (EUR 100m+), CAPEX end, SBC roll-off (Jan '24). Farfetch disruption aids share. TBV EUR 2.40 floor. PT ~$9/2x. Risk: luxury weakness, Ares/CPPIB 77% takeunder.
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