Financials Adore Beauty Group Limited

Equities

ABY

AU0000109506

Department Stores

Delayed Australian S.E. Other stock markets 23:05:08 2024-05-07 EDT			5-day change	1st Jan Change
1.085 ^AUD	-3.56%		-3.12%	-22.50%

04-29	Adore Beauty Group CEO to Resign; Q3 Revenue Rises 9% to AU$45 Million	MT
02-26	Adore Beauty Shares Jump 3%; Posts 7% Rise in H1 FY24 Revenue, Returns to Profit	MT

Valuation

Fiscal Period: Juni	2021	2022	2023	2024	2025	2026
Capitalization ¹	402.9	98.83	75.13	105.7	-	-
Enterprise Value (EV) ¹	375.2	70.24	47.99	77.77	75.41	70.95
P/E ratio	465 x	41.8 x	-136 x	69.2 x	31 x	18.5 x
Yield	-	-	-	-	-	-
Capitalization / Revenue	2.25 x	0.49 x	0.42 x	0.54 x	0.49 x	0.43 x
EV / Revenue	2.09 x	0.35 x	0.27 x	0.4 x	0.35 x	0.29 x
EV / EBITDA	49.4 x	13.2 x	75.9 x	16.8 x	10.1 x	6.62 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	2.71 x	2.45 x	2.16 x
Nbr of stocks (in thousands)	94,124	94,124	93,907	93,958	-	-
Reference price ²	4.280	1.050	0.8000	1.125	1.125	1.125
Announcement Date	21-08-29	22-08-28	23-08-22	-	-	-

¹AUD in Million²AUD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: Juni	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	121.1	179.3	199.7	180.6	194.7	217.8	244.8
EBITDA ¹	-	7.6	5.337	0.632	4.617	7.495	10.72
EBIT ¹	-	6.099	3.507	-1.265	2.454	5.147	8.135
Operating Margin	-	3.4%	1.76%	-0.7%	1.26%	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	0.0163	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	20-10-23	21-08-29	22-08-28	23-08-22	-	-	-

¹AUD in Million²AUD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: Juni	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	21-02-22	21-08-29	22-02-14	23-02-26

¹AUD in Million²AUD

Estimates

Balance Sheet Analysis

Fiscal Period: Juni	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-	-	-
Net Cash position ¹	-	27.7	28.6	27.1	27.9	30.3	34.8
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Free Cash Flow	-	2.25	1.32	-	-	-	-
ROE (net income / shareholders' equity)	-	19.9%	6.64%	-1.52%	4.71%	9.61%	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	20-10-23	21-08-29	22-08-28	23-08-22	-	-	-

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

1.125 AUD

Average target price

1.298 AUD

Spread / Average Target

+15.33%

Consensus

EPS Revisions

Estimates Revisions

Quarterly revenue - Rate of surprise

Company calendar

Sector Internet & Mail Order Department Stores

	1st Jan change	Capi.
ADORE BEAUTY GROUP LIMITED	-22.50%	69.98M
JD.COM, INC.	+11.21%	50.05B
COUPANG, INC.	+46.08%	41.71B
ALLEGRO.EU S.A.	+8.66%	9.74B
WAYFAIR INC.	+12.72%	8.34B
ETSY, INC.	-22.55%	7.3B
ZOZO, INC.	+11.15%	6.47B
MONOTARO CO., LTD.	+17.73%	5.91B
FSN E-COMMERCE VENTURES LIMITED	-1.47%	5.77B
OCADO GROUP PLC	-52.53%	3.66B

Internet & Mail Order Department Stores