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Myt Netherlands Adr (MYTE)
:MYTE
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MYT Netherlands
(NYSE:MYTE)
Rating:55Neutral
Price Target:―
Positive Factors
Market share
Mytheresa continues to impress with market share gains in the U.S. and Europe.
Sales performance
The company reported GMV growth of +35% among top customers in the U.S., outperforming the total company's +9%.
Strategic acquisitions
Management reiterated expectation for the YNAP deal to close, which is seen as a cost-effective way for MYTE to scale and diversify.
Negative Factors
Asia market
Asia remains weak due to China still being negative.
Regional performance
China and Germany remain pressured and continue to be impacted by ongoing macro headwinds.
MYT Netherlands (MYTE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$622.44M
Dividend YieldN/A
Average Volume (3M)N/A
Price to Earnings (P/E)―
Beta (1Y)1.49
Revenue Growth12.01%
EPS Growth-23.53%
CountryUS
Employees1,817
SectorConsumer Cyclical
Sector Strength73
IndustryLuxury Goods
Share Statistics
EPS (TTM)0.14
Shares Outstanding85,265,960
10 Day Avg. VolumeN/A
30 Day Avg. VolumeN/A
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)0.00
Price to Sales (P/S)0.00
P/FCF Ratio0.00
Enterprise Value/Market Cap0.65
Enterprise Value/Revenue0.46
Enterprise Value/Gross Profit0.98
Enterprise Value/Ebitda-18.76
Forecast
1Y Price Target
$11.50Price Target Upside57.53% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
MYT Netherlands Business Overview & Revenue Model
Company DescriptionMYT Netherlands (MYTE) is a prominent luxury fashion retailer operating under the brand name Mytheresa. The company specializes in offering a curated selection of high-end fashion items, including clothing, shoes, bags, and accessories, from over 200 of the world's most renowned designers. MYTE serves its global customer base through its online platform, providing an exclusive shopping experience that combines a unique product assortment with personalized services.
How the Company Makes MoneyMYT Netherlands generates revenue primarily through the sale of luxury fashion products on its e-commerce platform. The company's revenue model is centered around direct-to-consumer sales, leveraging its extensive collection of high-end designer merchandise. This is complemented by personalized customer service and a seamless online shopping experience, which helps in maintaining a loyal customer base. Additionally, MYTE may engage in partnerships with luxury brands to offer exclusive collections or collaborations, further enhancing its appeal to fashion-conscious consumers. The company's earnings are significantly influenced by its ability to attract and retain affluent customers who prioritize exclusive and high-quality fashion items.
MYT Netherlands Financial Statement Overview
Summary
Income Statement
Balance Sheet
Cash Flow
| Breakdown | TTM | Jun 2024 | Jun 2019 | Jun 2018 |
|---|---|---|---|---|
Income Statement | ||||
| Total Revenue | 889.34M | 840.85M | 379.09M | 303.52M |
| Gross Profit | 415.54M | 384.53M | 177.68M | 143.05M |
| EBITDA | -21.61M | -6.74M | 26.76M | 15.22M |
| Net Income | -38.35M | -24.91M | 1.65M | 5.50M |
Balance Sheet | ||||
| Total Assets | 696.55M | 696.51M | 335.15M | 313.55M |
| Cash, Cash Equivalents and Short-Term Investments | 14.24M | 16.18M | 2.12M | 3.69M |
| Total Debt | 70.02M | 49.77M | 148.09M | 137.54M |
| Total Liabilities | 280.60M | 260.87M | 223.83M | 205.44M |
| Stockholders Equity | 415.95M | 435.64M | 111.32M | 108.11M |
Cash Flow | ||||
| Free Cash Flow | 17.86M | -1.79M | 522.00K | -10.36M |
| Operating Cash Flow | 22.52M | 10.02M | 2.37M | -4.86M |
| Investing Cash Flow | -4.66M | -11.81M | -1.84M | -5.43M |
| Financing Cash Flow | -14.30M | -13.28M | -2.09M | -4.41M |
MYT Netherlands Risk Analysis
MYT Netherlands disclosed 76 risk factors in its most recent earnings report. MYT Netherlands 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 2 New Risks
1.
We qualify as a foreign private issuer and, as a result, we are not subject to U.S. proxy rules and are subject to Exchange Act reporting obligations that, to some extent, are more lenient and less frequent than those of a U.S. domestic public company. Q2, 2023
2.
We may lose our foreign private issuer status in the future, which could result in significant additional costs and expenses. Q2, 2023
MYT Netherlands Peers Comparison
Overall Rating
UnderperformOutperform
Sector (62)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | $243.78M | 19.11 | 3.67% | 9.06% | -1.36% | -54.97% | |
62 Neutral | AU$3.14B | 28.88 | 25.32% | 4.55% | 2.32% | -27.78% | |
55 Neutral | $622.44M | ― | -8.28% | ― | 12.01% | -23.53% | |
51 Neutral | $737.52M | ― | 32.94% | ― | 12.68% | 62.96% | |
51 Neutral | $111.08M | ― | -2.83% | ― | -4.32% | -144.96% | |
51 Neutral | $2.35B | ― | -142.38% | ― | -16.69% | -279.61% | |
40 Underperform | $273.36M | ― | -195.94% | ― | -22.86% | -38.76% |
* Consumer Cyclical Sector Average
Performance Comparison
MYTE
MYT Netherlands
10.12
6.42
173.51%
CPRI
Capri Holdings
19.70
-9.91
-33.47%
MOV
Movado Group
15.45
-6.16
-28.51%
REAL
RealReal
6.40
3.88
153.97%
LANV
Lanvin Group Holdings
2.17
0.88
68.22%
BRLT
Brilliant Earth Group
1.75
-0.47
-21.17%
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.Date of analysis: ―