Mytheresa Achieves Impressive Growth and Profitability in FY23

On September 14, 2023, Mytheresa, a publicly traded company, released its financial results for the fourth quarter, showcasing impressive growth in Gross Merchandise Value (GMV) and a profitable fiscal year 2023. Surpassing expectations, the company’s net sales experienced a remarkable 16.5% year-over-year increase, amounting to €203.8 million. Furthermore, the adjusted net income for the quarter reached €0.8 million.

Continuing its upward trajectory, Mytheresa also announced an impressive 18% GMV growth in the third quarter of FY23, demonstrating its ability to maintain profitability. Despite facing significant macro-economic challenges, the company reported 8% GMV growth in the second quarter of FY23, accompanied by a strong adjusted EBITDA margin of 9%.

Overall, Mytheresa’s performance in FY22 was exceptional, with a substantial 21.3% increase in GMV, reaching an impressive €747.3 million. Additionally, the company achieved an adjusted EBITDA margin of 9.6%, further solidifying its position as a thriving player in the market.

MYT Netherlands Parent B.V.



Updated on: 14/09/2023

Price Target

Current $4.24

Concensus $17.00

Low $0.00

Median $16.00

High $0.00

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Social Sentiments

11:00 AM (UTC)

Date:14 September, 2023

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Analyst Ratings

Analyst / firm Rating
Cowen & Co. Buy
Credit Suisse Buy
Morgan Stanley Buy
Abhinav Sinha
Societe Generale

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MYTE Stock Shows Positive Movement and Potential for Future Growth

On September 14, 2023, MYTE stock showed positive movement, reflecting a potential upward trend in the company’s performance. The stock opened at $4.12, higher than the previous day’s closing price of $3.75. Throughout the day, the stock traded within a range of $4.10 to $4.88. The trading volume for the day was 332,429 shares, significantly higher than the three-month average volume of 103,807 shares.

MYTE, a company in the retail trade sector, specifically in the internet retail industry, has a market capitalization of $341.2 million. The company has demonstrated strong earnings growth over the past year, with a growth rate of 79.50%. However, the current year has seen a decline in earnings growth, with a decrease of 57.59%. Looking ahead, MYTE is expected to experience a positive earnings growth rate of 57.42% over the next five years.

In terms of revenue growth, MYTE achieved a growth rate of 6.41% in the last year, indicating a steady increase in its top line. The company’s financial performance is further reflected in its price-to-sales ratio of 1.10 and price-to-book ratio of 0.75. These ratios suggest that the stock may be undervalued, potentially presenting an opportunity for investors.

Although MYTE operates in the internet retail industry, no competitor data is available at this time. This lack of information may indicate that MYTE is a unique player in its market segment, potentially giving it a competitive advantage.

Looking ahead, MYTE’s next reporting date is scheduled for November 8, 2023. Analysts forecast an earnings per share (EPS) of $0.01 for this quarter. In the previous year, MYTE reported annual revenue of $776.6 million, with a net profit of -$8.9 million. The company’s net profit margin stands at -1.15%, indicating a slight loss.

While MYTE faces some challenges with its net profit margin, the positive earnings growth forecasts for the next five years and the steady revenue growth from the previous year suggest that the company is well-positioned for future success. Investors may want to keep an eye on MYTE’s upcoming financial reports to gain a deeper understanding of its performance and potential investment opportunities.

It is worth noting that no executives are currently displayed for MYTE, and the corporate headquarters are unknown. This lack of information may be a cause for concern for some investors, as it limits transparency and the ability to assess the company’s leadership and decision-making processes.

In conclusion, MYTE stock showed positive performance on September 14, 2023, with an opening price higher than the previous day’s closing price. The company has demonstrated strong earnings and revenue growth in the past, and analysts forecast positive earnings growth for the next five years. However, the lack of competitor data and information on company executives and headquarters may present some challenges for investors. It is advisable to closely monitor MYTE’s financial reports and keep informed about any updates regarding the company’s leadership and headquarters.

MYT Netherlands Parent BV (MYTE) Stock Performance and Analyst Forecasts for September 14, 2023

MYT Netherlands Parent BV (MYTE) stock had a mixed performance on September 14, 2023, according to data from CNN Money. The 4 analysts offering 12-month price forecasts for MYTE have a median target of 4.28, with a high estimate of 7.88 and a low estimate of 3.37. The consensus among the 4 polled investment analysts is to buy stock in MYTE, and this rating has held steady since September when it was upgraded from a hold rating. In terms of recent financial performance, MYTE reported earnings per share of $0.01 for the current quarter. Additionally, MYTE reported sales of $192.8 million for the current quarter. Looking ahead, MYTE is scheduled to report its next earnings on November 8. Overall, MYTE stock had a mixed performance on September 14, 2023. While the analysts have a relatively positive outlook for the stock, with a consensus to buy, the median target price suggests a slight decrease from the current price. Investors will need to closely monitor the company’s upcoming earnings report to assess its future prospects.

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