Financials Adore Beauty Group Limited

Equities

ABY

AU0000109506

Department Stores

Market Closed - Australian S.E. Other stock markets 12:53:41 2024-04-26 am EDT			5-day change	1st Jan Change
1.14 ^AUD	-3.39%		-3.39%	-18.57%

Feb. 26	Adore Beauty Shares Jump 3%; Posts 7% Rise in H1 FY24 Revenue, Returns to Profit	MT
Feb. 26	Transcript : Adore Beauty Group Limited, H1 2024 Earnings Call, Feb 26, 2024

Valuation

Fiscal Period: June	2021	2022	2023	2024	2025	2026
Capitalization ¹	402.9	98.83	75.13	107.1	-	-
Enterprise Value (EV) ¹	375.2	70.24	47.99	79.19	76.84	72.38
P/E ratio	465 x	41.8 x	-136 x	70.9 x	31.4 x	18.8 x
Yield	-	-	-	-	-	-
Capitalization / Revenue	2.25 x	0.49 x	0.42 x	0.55 x	0.49 x	0.44 x
EV / Revenue	2.09 x	0.35 x	0.27 x	0.41 x	0.35 x	0.3 x
EV / EBITDA	49.4 x	13.2 x	75.9 x	17.2 x	10.3 x	6.75 x
EV / FCF	167,051,134 x	53,088,980 x	-	-	-	-
FCF Yield	0%	0%	-	-	-	-
Price to Book	11.8 x	2.65 x	2.07 x	2.74 x	2.48 x	2.19 x
Nbr of stocks (in thousands)	94,124	94,124	93,907	93,958	-	-
Reference price ²	4.280	1.050	0.8000	1.140	1.140	1.140
Announcement Date	8/29/21	8/28/22	8/22/23	-	-	-

¹AUD in Million²AUD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: June	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	121.1	179.3	199.7	180.6	194.6	217.7	244.8
EBITDA ¹	-	7.6	5.337	0.632	4.605	7.491	10.72
EBIT ¹	-	6.099	3.507	-1.265	2.438	5.142	8.139
Operating Margin	-	3.4%	1.76%	-0.7%	1.25%	2.36%	3.32%
Earnings before Tax (EBT)	-	0.046	3.307	-	-	-	-
Net income ¹	2.5	0.845	2.377	-0.559	1.5	3.4	5.8
Net margin	2.06%	0.47%	1.19%	-0.31%	0.77%	1.56%	2.37%
EPS ²	-	0.009200	0.0251	-0.005900	0.0161	0.0363	0.0608
Free Cash Flow	-	2.246	1.323	-	-	-	-
FCF margin	-	1.25%	0.66%	-	-	-	-
FCF Conversion (EBITDA)	-	29.55%	24.79%	-	-	-	-
FCF Conversion (Net income)	-	265.8%	55.66%	-	-	-	-
Dividend per Share ²	-	-	-	-	-	-	-
Announcement Date	10/23/20	8/29/21	8/28/22	8/22/23	-	-	-

¹AUD in Million²AUD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: June	2021 S1	2021 S2	2022 S1	2023 S1
Net sales	96.16	83.11	113.1	-
EBITDA	4.181	3.419	-	-
EBIT	-1.47	7.569	-	-
Operating Margin	-1.53%	9.11%	-	-
Earnings before Tax (EBT)	-1.524	-	-	-
Net income ¹	2.536	-	1.967	-0.09
Net margin	2.64%	-	1.74%	-
EPS ²	0.0280	-	-	-0.001000
Dividend per Share	-	-	-	-
Announcement Date	2/22/21	8/29/21	2/14/22	2/26/23

¹AUD in Million²AUD

Estimates

Balance Sheet Analysis

Fiscal Period: June	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-	-	-
Net Cash position ¹	-	27.7	28.6	27.1	27.9	30.3	34.7
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Free Cash Flow	-	2.25	1.32	-	-	-	-
ROE (net income / shareholders' equity)	-	19.9%	6.64%	-1.52%	4.68%	9.6%	13.4%
ROA (Net income/ Total Assets)	-	14.2%	4.11%	-	-	-	-
Assets ¹	-	5.938	57.81	-	-	-	-
Book Value Per Share ²	-	0.3600	0.4000	0.3900	0.4200	0.4600	0.5200
Cash Flow per Share	-	0.0500	0.0300	-	-	-	-
Capex ¹	-	2	1.89	2.24	3.17	2.84	2.98
Capex / Sales	-	1.11%	0.95%	1.24%	1.63%	1.3%	1.22%
Announcement Date	10/23/20	8/29/21	8/28/22	8/22/23	-	-	-

¹AUD in Million²AUD

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Adore Beauty Group Limited

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

1.14 AUD

Average target price

1.298 AUD

Spread / Average Target

+13.82%

Consensus

EPS Revisions

Estimates Revisions

Quarterly revenue - Rate of surprise

Company calendar

Sector Internet & Mail Order Department Stores

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ADORE BEAUTY GROUP LIMITED	-18.57%	69.85M
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ALLEGRO.EU S.A.	-0.17%	8.67B
ETSY, INC.	-16.80%	7.91B
ZOZO, INC.	+7.09%	6.41B
MONOTARO CO., LTD.	+15.78%	5.63B
WAYFAIR INC.	-15.71%	6.26B
FSN E-COMMERCE VENTURES LIMITED	+1.81%	6.07B
OCADO GROUP PLC	-53.44%	3.6B

Internet & Mail Order Department Stores