- While the company’s revenue growth has normalized due to the base effect from Q1 2021, home products remain competitive with 39% revenue contribution in Q2 2021 with home products revenue.
- With the lower product prices than competitors and the effectiveness of marketing strategies for subscribers’ growth, its revenue per customer is projected to grow based on 0.62% CAGR through 2025.
- Qurate Retail stands on its strong branding by collaborating with celebrities and having a good customers retention rate of 99% for its Best Customers.
- We revised our valuation using DCF analysis and obtained a new price target of $46.44 from $65.52 based on lower industry EV/EBITDA and revenue projections.
For further details see:
Qurate: High Cash Flows And Trading At A Discount