- 32% Revenue CAGR over the last 5-year period [2015-2019].
- FY2020e is ~65.0x P/E, suggesting company is overvalued.
- Growing millennial population will lead to rising housing sales and subsequently more home product purchases.
- Wayfair has been a positive read through for residential furniture stocks such as Bassett, Hooker, and Flexsteel which are all trading well below 5-year highs.
- Wayfair is a robust business with rapid revenue growth, but its stock has already done well during 2020, which begs the question whether upside be limited in the medium-term.
For further details see:
Wayfair Stock Forecast: Should You Buy, Sell, Or Hold?