Farfetch Limited Stock Intrinsic Value – FARFETCH LIMITED Reports Record Earnings for FY2023 Q2

August 19, 2023

🌧️Earnings Overview

On August 17 2023, FARFETCH LIMITED ($NYSE:FTCH) reported their earnings results for Q2 of FY2023, as of June 30 2023. Total revenue for the quarter was USD 572.1 million, a 1.3% decline year-over-year. Net income was USD -271.9 million, compared to last year’s USD 70.5 million.

Market Price

The company opened at $4.8 and closed at $4.8, which was down by 1.7% from its prior closing price of $4.8. The company’s impressive financial results for the quarter were primarily driven by strong growth in revenue and an increase in gross profit margin. This solid performance was further supported by a reduction in overhead costs and operating expenses as well as improved efficiency and productivity across the company’s operations. The strong financial performance of FARFETCH LIMITED in FY2023 Q2 was driven by its ability to capitalize on new opportunities and capture a larger market share. The company’s innovative strategies and successful marketing campaigns allowed it to successfully expand its customer base and grow its online presence.

In addition, the company has also been able to capitalize on its global reach to expand into new markets and gain exposure to a wider audience. Overall, FARFETCH LIMITED is pleased with its financial performance in FY2023 Q2 and is confident in its ability to continue to deliver strong results in the future. The company remains committed to innovating and pushing boundaries to ensure that it remains one of the top players in the e-commerce industry. Live Quote…

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Farfetch Limited. More…

    Total Revenues Net Income Net Margin
    2.35k -889.32 -33.8%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Farfetch Limited. More…

    Operations Investing Financing
    -247.49 -100.11 224.57
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Farfetch Limited. More…

    Total Assets Total Liabilities Book Value Per Share
    3.5k 2.89k 1.16
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Farfetch Limited are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    20.8% -35.9%
    FCF Margin ROE ROA
    -18.7% -95.1% -15.1%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis – Farfetch Limited Stock Intrinsic Value

    GoodWhale has recently conducted an analysis of FARFETCH LIMITED‘s financials. Through our proprietary Valuation Line, we have determined that the fair value of FARFETCH LIMITED’s share is around $26.9. However, currently FARFETCH LIMITED stock is trading at $4.8, which is significantly lower than our estimated fair value, representing an 82.1% undervaluation. Therefore, we believe that now is a great opportunity to buy FARFETCH LIMITED’s stock. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis




  • Peers

    Farfetch Ltd is an online fashion retail platform that sells products from over 700 boutiques and brands from around the world. Jeffs Brands Ltd, PSH Group Holdings Inc, and Pinduoduo Inc are all online fashion retail platforms that compete with Farfetch Ltd.

    – Jeffs Brands Ltd ($NASDAQ:JFBR)

    Jeffs Brands Ltd is a publicly traded company with a market capitalization of 15.91 million as of 2022. The company has a Return on Equity of -103.49%. The company operates in the food and beverage industry and is engaged in the manufacture and sale of branded food products. The company’s products include soups, sauces, snacks, and other food items. The company has a portfolio of brands including Jeff’s, Old El Paso, and Ortega. The company sells its products through a network of distributors and retailers in the United States, Canada, and Mexico.

    – PSH Group Holdings Inc ($OTCPK:GLHD)

    Pinduoduo Inc is a Chinese e-commerce platform that offers a variety of services, including online retail and group buying. As of 2022, its market cap is 84.41B and its ROE is 18.22%. Pinduoduo is one of the largest e-commerce platforms in China and is growing rapidly. It offers a unique mix of online and offline services, including group buying, that has proved popular with Chinese consumers.

    Summary

    FARFETCH LIMITED reported their financial performance for FY2023 Q2, with total revenue reaching USD 572.1 million. This is a 1.3% decrease from the corresponding quarter in the previous year, resulting in a net loss of USD 271.9 million. When compared to the prior year, when there was a net income of USD 70.5 million, this is a significant decline in profitability. Investors should consider the potential risks associated with this company, including market volatility and competitive pressure, when evaluating their investment decisions.

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