MYT Netherlands Parent BV
NYSE:MYTE
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%.
Valuation Backtest
MYT Netherlands Parent BV
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Fundamental Analysis
Stable Growth and Profitability Despite Challenges
2024-Q2 Earnings Call
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.
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 |
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
What is Free Cash Flow?
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.
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.
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
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.
Shareholder Return
MYTE Price
MYT Netherlands Parent BV
Average Annual Return | -43.82% |
Standard Deviation of Annual Returns | 22.64% |
Max Drawdown | -94% |
Market Capitalization | 270m USD |
Shares Outstanding | 84 890 200 |
Percentage of Shares Shorted | 1.16% |
Company Profile
Country
Industry
Market Cap
Dividend Yield
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
IPO
Employees
Officers
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%.