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MYT Netherlands Parent BV
NYSE:MYTE

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MYT Netherlands Parent BV Logo
MYT Netherlands Parent BV
NYSE:MYTE
Watchlist
Price: 3.18 USD 0.95%
Updated: Mar 29, 2024

Intrinsic Value

MYT Netherlands Parent BV operates as a holding company which through its subsidiary operates a digital platform for the global luxury fashion consumer in addition to its flagship retail store and men... [ Read More ]

The intrinsic value of one MYTE stock under the Base Case scenario is 9.93 USD. Compared to the current market price of 3.18 USD, MYT Netherlands Parent BV is Undervalued by 68%.

Key Points:
MYTE Intrinsic Value
Base Case
9.93 USD
Undervaluation 68%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
MYT Netherlands Parent BV

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Fundamental Analysis

Stable Growth and Profitability Despite Challenges
2024-Q2 Earnings Call

Stable Growth and Profitability Despite Challenges

The company maintained solid performance through Q2 fiscal year '24, aligning with initial expectations. Growth in Gross Merchandise Value (GMV) was up 5.9% on a constant currency basis, although nominal GMV growth was 1.5%. Net sales increased by 3.6% with strong performance in the U.S. market, up 17.4%. Average Order Value surged by 5.4%, enhancing order economics, and the company sustained a roughly 50% gross profit margin despite promotional challenges. Operating cash flow improved significantly to EUR 19 million, and inventory management continued to tighten, with a goal to reach 260 days inventory outstanding by fiscal year '25. The company is strategically positioned with a strong balance sheet, holding 61% equity and a large, mostly untapped, revolving credit. They confirm forecasts for FY '24, expecting GMV and net sales growth, as well as gross profit growth, between 8% to 13%, with an adjusted EBITDA margin on the lower end.

Financials

Balance Sheet Decomposition
MYT Netherlands Parent BV

Current Assets 467.6m
Cash & Short-Term Investments 6.4m
Receivables 16.2m
Other Current Assets 445m
Non-Current Assets 252.5m
PP&E 89.5m
Intangibles 155m
Other Non-Current Assets 7.9m
Current Liabilities 230.9m
Accounts Payable 103.3m
Short-Term Debt 1.4m
Other Current Liabilities 126.2m
Non-Current Liabilities 47.8m
Long-Term Debt 45.1m
Other Non-Current Liabilities 2.7m
Efficiency

Earnings Waterfall
MYT Netherlands Parent BV

Revenue
787.5m EUR
Cost of Revenue
-414.2m EUR
Gross Profit
373.3m EUR
Operating Expenses
-389.3m EUR
Operating Income
-16m EUR
Other Expenses
-12.1m EUR
Net Income
-28.1m EUR

Free Cash Flow Analysis
MYT Netherlands Parent BV

Last Value
3-Years Average
FCF Margin
Conversion Rate
History
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Fundamental Scores

MYTE Profitability Score
Profitability Due Diligence

MYT Netherlands Parent BV's profitability score is 39/100. The higher the profitability score, the more profitable the company is.

Positive Gross Profit
Positive 3-Years Revenue Growth
Positive Revenue Growth Forecast
Positive 1-Year Revenue Growth
39/100
Profitability
Score

MYT Netherlands Parent BV's profitability score is 39/100. The higher the profitability score, the more profitable the company is.

MYTE Solvency Score
Solvency Due Diligence

MYT Netherlands Parent BV's solvency score is 47/100. The higher the solvency score, the more solvent the company is.

Low D/E
Long-Term Solvency
Short-Term Solvency
Average Altman Z-Score
47/100
Solvency
Score

MYT Netherlands Parent BV's solvency score is 47/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

MYTE Price Targets Summary
MYT Netherlands Parent BV

Wall Street analysts forecast MYTE stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for MYTE is 3.93 USD with a low forecast of 3.03 USD and a high forecast of 4.99 USD.

Lowest
Price Target
3.03 USD
5% Downside
Average
Price Target
3.93 USD
23% Upside
Highest
Price Target
4.99 USD
57% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Shareholder Return

MYTE Price
MYT Netherlands Parent BV

1M 1M
-8%
6M 6M
-6%
1Y 1Y
-53%
3Y 3Y
-88%
5Y 5Y
-90%
10Y 10Y
-90%
Annual Price Range
3.18
52w Low
2.05
52w High
7.49
Price Metrics
Average Annual Return -43.82%
Standard Deviation of Annual Returns 22.64%
Max Drawdown -94%
Shares Statistics
Market Capitalization 270m USD
Shares Outstanding 84 890 200
Percentage of Shares Shorted 1.16%

MYTE Return Decomposition
Main factors of price return

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MYTE News

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Company Profile

MYT Netherlands Parent BV Logo
MYT Netherlands Parent BV

Country

Germany

Industry

Retail

Market Cap

270m USD

Dividend Yield

0%

Description

MYT Netherlands Parent BV operates as a holding company which through its subsidiary operates a digital platform for the global luxury fashion consumer in addition to its flagship retail store and men's location in Munich. The company is headquartered in Munich, Bayern and currently employs 1,015 full-time employees. The Company, through its subsidiary Mytheresa Group GmbH, operates as an electronic commerce platform for the global luxury fashion consumer, in addition to its flagship retail store and men’s location in Munich. The Company’s segments include online operations and retail store. The firm operates its businesses at the connection of luxury fashion, technology and service.

Contact

BAYERN
Munich
Einsteinring 9
+4989127695614.0
https://www.mytheresa.com

IPO

-

Employees

1 015

Officers

CEO & Chairman of Management Board
Mr. Michael Kliger
CFO & Member of Management Board
Dr. Martin Beer
COO & Member of Management Board
Mr. Sebastian Dietzmann
Chief Growth Officer & Member of Management Board
Mr. Gareth Locke
Chief Customer Experience Officer & Member of Management Board
Ms. Isabel May
Chief Technology Officer
Mr. Philipp Barthold
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Chief People Officer
Mr. Bjorn Kastl
Chief Commercial Officer
Mr. Richard Johnson
President of North America
Ms. Heather Kaminetsky
Chief Creative Officer
Mr. Julian Paul
Show Less

See Also

Discover More
What is the Intrinsic Value of one MYTE stock?

The intrinsic value of one MYTE stock under the Base Case scenario is 9.93 USD.

Is MYTE stock undervalued or overvalued?

Compared to the current market price of 3.18 USD, MYT Netherlands Parent BV is Undervalued by 68%.