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LightInTheBox (LITB)
NYSE:LITB
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LightInTheBox
(NYSE:LITB)
Rating:50Neutral
Price Target:
$1.50
▲(20.00%Upside)
LightInTheBox (LITB) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$24.09M
Dividend YieldN/A
Average Volume (3M)9.52K
Price to Earnings (P/E)16.6
Beta (1Y)-0.89
Revenue Growth-58.30%
EPS GrowthN/A
CountryUS
Employees422
SectorConsumer Cyclical
Sector Strength64
IndustrySpecialty Retail
Share Statistics
EPS (TTM)<0.01
Shares Outstanding18,389,063
10 Day Avg. Volume7,141
30 Day Avg. Volume9,518
Financial Highlights & Ratios
PEG Ratio0.08
Price to Book (P/B)-0.97
Price to Sales (P/S)0.00
P/FCF Ratio0.00
Enterprise Value/Market Cap0.22
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit0.04
Enterprise Value/Ebitda-0.49
Forecast
1Y Price Target
$1.00Price Target Upside-20.00% Downside
Rating ConsensusHold
Number of Analyst Covering0
LightInTheBox Business Overview & Revenue Model
Company DescriptionLightInTheBox Holding Co., Ltd. operates as a cross-border e-commerce platform that delivers products directly to its customers worldwide. The company provides customized, special occasion, and fast fashion apparel products; and other general merchandise products, such as accessories and gadgets, home garden products, toys and hobbies, electronics and communication devices, and other products. It also offers supplier chain management, research and development, customer, marketing, administrative and general support, logistic, warehouse management, and local delivery services, as well as engages in the product sourcing, marketing, and operation of its websites and mobile applications. The company provides its products through www.lightinthebox.com, www.miniinthebox.com, www.ezbuy.com, and other websites and mobile applications, which are available in 25 languages and cover approximately 140 countries and regions. LightInTheBox Holding Co., Ltd. was founded in 2007 and is headquartered in Shanghai, the People's Republic of China.
How the Company Makes MoneyLightInTheBox makes money through its e-commerce platform by selling a variety of products directly to consumers across the globe. The company's revenue model is primarily based on retail sales, where it sources products from manufacturers and sells them at a markup to customers. Key revenue streams include apparel, which is one of its largest categories, as well as home and garden products, consumer electronics, and other small accessories. LightInTheBox also benefits from its global reach and the ability to offer competitive pricing by minimizing supply chain costs and optimizing logistics. Additionally, strategic partnerships with manufacturers and suppliers enable the company to expand its product offerings and maintain a robust inventory.
LightInTheBox Earnings Call Summary
Earnings Call Date:May 13, 2025
(Q3-2024)
| % Change Since: -5.30%|
Next Earnings Date:Sep 09, 2025
Earnings Call Sentiment Neutral
The earnings call highlighted a strategic shift towards a brand-focused model with the launch of Ador.com, resulting in improved margins and maintained profitability despite a significant revenue decline. The company successfully managed expenses, yet faced challenges from intense competition leading to reduced revenues.Q3-2024 Updates
Positive Updates
Improved Gross Margin
Gross margin improved to 61% in Q3 2024 from 60% in the same period last year, driven by the positive impact of new product lines including those for Ador.com.
Successful Expense Management
Achieved a 63% reduction in total operating expenses year-over-year, decreasing to $34 million from $92 million, due to effective operational efficiency enhancements.
Profitability Maintenance
Maintained profitability with a net income of $0.3 million compared to $0.1 million in the same quarter last year, with an adjusted EBITDA of $0.8 million, consistent with Q3 2023.
Strategic Shift to Brand-Focused Model
Launched new brand Ador.com to transition from e-commerce retailer to brand-focused apparel designer, offering high-quality clothing at competitive prices and achieving higher margins.
Negative Updates
Significant Revenue Decline
Total revenues decreased by 63% year-over-year to $57 million, primarily due to intense competition in the global e-commerce industry.
Decrease in Gross Profit
Gross profit was $35 million, down from $92 million in the same quarter last year, reflecting the significant revenue decline.
Company Guidance
During the LightInTheBox Q3 2024 earnings call, the company outlined its strategic focus on profitability over market share amidst intense competition in the e-commerce industry. CEO Jian He highlighted the transformation from an e-commerce retailer to a brand-focused apparel designer with the launch of their new brand, Ador.com, aiming to deliver high-quality clothing at prices 50% lower than similar brands. The financial results presented by CFO Yuan Jun Ye revealed a 63% year-over-year decrease in total revenues to $57 million, with gross margins improving to 61% due to higher-margin product lines like Ador. The company also achieved a 63% reduction in operating expenses, with net income at $0.3 million, compared to $0.1 million in the previous year, and an adjusted EBITDA of $0.8 million, consistent with Q3 2023. These metrics underscore LightInTheBox's commitment to sustainable growth through strategic investments in new initiatives, efficiency improvements, and e-commerce services.LightInTheBox Financial Statement Overview
Summary
LightInTheBox faces significant financial challenges, including declining revenues, negative profitability, and a weak balance sheet. The negative stockholders' equity and increasing debt levels further emphasize the risk to financial stability.Income Statement
LightInTheBox has experienced significant revenue volatility, with a sharp decline in revenue from 2023 to 2024. The company has struggled with profitability, as evidenced by negative net income and EBIT margins over the past few years. The gross profit margin remains relatively stable, but the net profit margin is negative, indicating challenges in managing costs and achieving profitability.45
Neutral
Balance Sheet
The balance sheet reveals a concerning negative stockholders' equity, indicating that liabilities exceed assets. The debt-to-equity ratio is not meaningful due to negative equity, and the company has been increasing its debt levels. This financial structure poses a risk to financial stability and limits flexibility.30
Negative
Cash Flow
Cash flow analysis shows negative operating and free cash flows, highlighting challenges in generating cash from operations. The free cash flow to net income ratio is not favorable, indicating inefficiencies in converting income to cash. The company needs to improve its cash management to support operations and growth.40
Negative
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 255.29M | 629.43M | 503.57M | 446.10M | 398.15M |
| Gross Profit | 153.49M | 359.93M | 275.08M | 206.71M | 176.15M |
| EBITDA | -330.00K | -6.34M | -65.89M | 23.27M | 16.86M |
| Net Income | -2.49M | -9.59M | -56.58M | 13.13M | 13.32M |
Balance Sheet | |||||
| Total Assets | 69.37M | 126.31M | 164.81M | 195.37M | 158.03M |
| Cash, Cash Equivalents and Short-Term Investments | 17.95M | 66.42M | 88.58M | 55.94M | 61.48M |
| Total Debt | 9.51M | 7.00M | 11.57M | 11.65M | 12.39M |
| Total Liabilities | 82.55M | 134.69M | 160.94M | 131.49M | 108.65M |
| Stockholders Equity | -13.17M | -8.38M | 3.88M | 63.76M | 49.29M |
Cash Flow | |||||
| Free Cash Flow | -50.44M | -21.86M | 35.01M | -3.67M | 25.45M |
| Operating Cash Flow | -48.16M | -20.71M | 35.83M | -1.77M | 29.31M |
| Investing Cash Flow | -2.26M | -1.08M | 2.05M | -1.74M | -1.84M |
| Financing Cash Flow | -586.00K | -2.29M | -43.00K | -1.32M | -3.69M |
LightInTheBox Technical Analysis
Negative
1.25
Price Trends
1.24
Positive
1.35
Negative
1.52
Negative
Market Momentum
0.03
Positive
46.75
Neutral
32.05
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LITB, the sentiment is Negative. The current price of 1.25 is below the 20-day moving average (MA) of 1.29, above the 50-day MA of 1.24, and below the 200-day MA of 1.52, indicating a neutral trend. The MACD of 0.03 indicates Positive momentum. The RSI at 46.75 is Neutral, neither overbought nor oversold. The STOCH value of 32.05 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for LITB.
LightInTheBox Risk Analysis
LightInTheBox disclosed 52 risk factors in its most recent earnings report. LightInTheBox reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
LightInTheBox Peers Comparison
Overall Rating
UnderperformOutperform
Sector (63)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $8.31B | 8.57 | 19.00% | 0.24% | -5.90% | -11.16% | |
63 Neutral | $17.10B | 10.62 | -8.48% | 2.94% | 1.62% | -25.72% | |
53 Neutral | $183.88M | ― | -4.61% | ― | 6.05% | 29.58% | |
50 Neutral | $288.30M | ― | -135.29% | ― | -15.71% | 47.94% | |
50 Neutral | $98.13M | ― | -17.72% | ― | 4.93% | -22.08% | |
50 Neutral | $24.09M | 16.60 | 114.41% | ― | -58.30% | ― | |
38 Underperform | $6.67M | ― | -25.20% | ― | ― | ― |
* Consumer Cyclical Sector Average
Performance Comparison
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LightInTheBox
1.25
-2.99
-70.52%
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.