Mytheresa Parent B.V Reports Revenue of €198.9M and Updates FY23 Guidance
May 12, 2023
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As a result, Myt ($NYSE:MYTE)heresa has revised its guidance for FY23. Mytheresa is a global luxury fashion e-commerce platform that connects consumers to the world’s leading upscale fashion and lifestyle brands. The company offers a tailored shopping experience and a range of services including free shipping and returns, personal styling advice, and exclusive designer collaborations.
Market Price
On Wednesday, MYT NETHERLANDS PARENT B.V released its financial report for the fourth quarter of FY23.
Additionally, the company updated its FY23 guidance to reflect the strong performance of the fourth quarter. The stock of MYT NETHERLANDS PARENT B.V opened at $4.2 and closed at $4.3, down by 3.1% from the previous closing price of $4.5. The share price of the company has been volatile over the past few months, with many investors uncertain about its future prospects. Nevertheless, the solid results in the fourth quarter have provided some temporary respite for shareholders. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for MYTE. More…
| Total Revenues | Net Income | Net Margin |
| 710.33 | -6.94 | -1.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for MYTE. More…
| Operations | Investing | Financing |
| 2.58 | -23.26 | -7.07 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for MYTE. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 647.68 | 200.27 | 5.27 |
Key Ratios Snapshot
Some of the financial key ratios for MYTE are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 22.1% | -36.7% | 0.3% |
| FCF Margin | ROE | ROA |
| -2.9% | 0.3% | 0.2% |
Analysis
GoodWhale’s analysis of the finances of MYT NETHERLANDS PARENT B.V. reveals that the company is strong in asset and growth, and medium in profitability, but weak in dividend. According to our Star Chart, MYT NETHERLANDS PARENT B.V. is classified as a ‘cheetah’, meaning that it has achieved high revenue or earnings growth but is considered less stable due to lower profitability. Given the traits of MYT NETHERLANDS PARENT B.V, investors with an appetite for risk may be interested in this type of company. With an intermediate health score of 6/10, which is based on its cashflows and debt, MYT NETHERLANDS PARENT B.V might be able to pay off debt and fund future operations. More…
Peers
The competitive landscape of the fashion industry is rapidly evolving, and MYT Netherlands Parent BV is determined to stay ahead of the competition. In the industry, MYT Netherlands Parent BV faces formidable competition from Capri Holdings Ltd, Fashionette AG, and Rent the Runway Inc, all of which are recognized players in the fashion industry. MYT Netherlands Parent BV is determined to remain competitive by offering innovative products and services that meet consumer needs and exceed expectations.
– Capri Holdings Ltd ($NYSE:CPRI)
Capri Holdings Ltd is a global fashion luxury group that designs, markets, and distributes fashion luxury goods including apparel, footwear, and accessories. The company has a market cap of 6.26B as of 2023 and a Return on Equity of 26.28%. This market cap indicates that the company’s stock is highly valued by investors, and the high ROE indicates that it is efficiently utilizing its assets to generate profits. The company has seen a consistent increase in its share price over the last few years, which indicates that investors are confident in its ability to continue to grow its business.
– Fashionette AG ($BER:FSNT)
Fashionette AG is a leading fashion and lifestyle ecommerce company based in Germany. The company offers a wide range of products, from clothing and accessories to beauty and home products, as well as in-store services. As of 2023, Fashionette AG has a market capitalization of 32.92M. This indicates the total value of the company’s outstanding shares, and gives investors an idea of the company’s size and financial health. Additionally, the company has a Return on Equity (ROE) of -2.97%, which measures how efficiently Fashionette AG is using shareholders’ capital to generate profits. This indicates that the company has been unable to generate profits from shareholders’ investments in the long run.
– Rent the Runway Inc ($NASDAQ:RENT)
Rent the Runway Inc is an online fashion rental service that provides customers with access to designer apparel and accessories. The company has a market capitalization of 224.98 million as of 2023, indicating the value placed on the firm by investors. This is also reflected in their impressive Return on Equity (ROE) of 897.88%, which is a measure of how efficiently the company is generating profits relative to its equity. This strong performance speaks to the success of the company and its ability to create value for its shareholders.
Summary
This marks a slight decline in earnings compared to their previous quarter, but overall the company’s performance is still strong. The company also updated their guidance for FY23, but the stock price moved down slightly on the same day. Investors looking to get involved in MYT Netherlands Parent B.V should consider the company’s overall financial health, including their earnings potential and growth outlook, as well as the current market conditions.
Additionally, investors should consider the recent announcement of guidance and its impact on the stock price, and be aware of any major changes the company may announce in the future. Overall, MYT Netherlands Parent B.V appears to remain a strong investment opportunity with consistent financial growth potential.
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