Added to YB: 2023-10-15
Pitch date: 2023-10-15
ABY.AX [bullish]
Adore Beauty Group Limited
-67.02%
current return
Author Info
Clark Square Capital is a former equity analyst and now a full-time investor managing their own capital. Sign up for their newsletter
Company Info
Adore Beauty Group Limited operates an integrated content, marketing, and e-commerce retail platform in Australia and New Zealand.
Market Cap
AUD 25.8M
Pitch Price
AUD 0.94
Price Target
2.00 (+590%)
Dividend
N/A
EV/EBITDA
6.87
P/E
80.25
EV/Sales
0.22
Sector
Specialty Retail
Category
value
Cheapest e-com biz in the world?
ABY.AX: Australia's #1 pure-play online beauty retailer, broken IPO down 85% from $6.75 to <$1. Trading 0.25x EV/sales, <6x FY25 EBITDA. Revenue re-accelerating (+6% recent) after post-COVID trough; path to mid-teens growth + 8-10% EBITDA margins via own brands/op leverage. $30m net cash. PT AUD$2+ (15x EBITDA), 2-3x upside; $3-4 by FY27. UBS retained vs takeover interest. Risk: take-under by PE/founders, promo competition.
Read full article (9 min)