- MYTE continues to grow its customer base and revenue, and the market potential remains enormous.
- Due to the growing customer base and decreasing CAC, the company can reduce selling & marketing expenses as a percentage of revenue in the long run.
- The Curated Platform Model could be an important driver for business revaluation as MYTE becomes more like a marketplace than a retailer.
- CPM implementation can significantly optimize inventory management and improve capital efficiency.
- According to our valuation, the upside potential to the fair price is over 30%. We maintain a bullish position in stocks.
For further details see:
Mytheresa: Our Update For This Promising Company