MYTE's overall score reflects a strong revenue growth outlook and strategic initiatives like the YNAP acquisition, which could enhance market position. However, profitability challenges, negative cash flow, and valuation concerns weigh on the score. The technical indicators are mixed, suggesting cautious optimism. Improvements in operational efficiency and cash flow management are critical for better financial stability and stock performance.

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 Strength69

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 Ratio2.86

Price to Book (P/B)1.32

Price to Sales (P/S)0.00

P/FCF Ratio29.92

Enterprise Value/Market CapN/A

Enterprise Value/RevenueN/A

Enterprise Value/Gross ProfitN/A

Enterprise Value/EbitdaN/A

Forecast

1Y Price Target

$11.50

Price 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

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

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 (67)

Financial Indicators

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	67 Neutral	¥252.20B	13.26	6.45%	4.02%	5.22%	-11.89%
MOV	63 Neutral	$255.46M	20.02	3.67%	8.65%	-1.36%	-54.97%
MYTE	55 Neutral	$622.44M	―	-8.28%	―	12.01%	-23.53%
CPRI	53 Neutral	$2.31B	―	-120.18%	―	-14.08%	-411.39%
REAL	53 Neutral	$658.21M	―	32.94%	―	11.89%	66.22%
BRLT	50 Neutral	$145.00M	―	-0.45%	―	-6.12%	-105.56%
LANV	45 Neutral	$303.59M	―	-195.94%	―	-22.86%	-38.76%

* Consumer Cyclical Sector Average

Performance Comparison

MYTE

MYT Netherlands

10.12

6.06

149.26%

CPRI

Capri Holdings

19.57

-14.43

-42.44%

MOV

Movado Group

16.19

-7.12

-30.54%

REAL

RealReal

5.82

2.36

68.21%

LANV

Lanvin Group Holdings

2.41

0.86

55.48%

BRLT

Brilliant Earth Group

1.46

-0.88

-37.61%

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: ―