Despite a recent earnings dip, Revolve Group's high P/E ratio reflects investor expectations of strong future growth. The superior earnings outlook is contributing to its high P/E, with investors not foreseeing a significant risk of further earnings deterioration.
Marianna Hewitt's appointment as L'Academie's Creative Director is viewed positively, expected to bring a fresh vision and personal style. Her involvement is anticipated to elevate the brand's aesthetic and align it with REVOLVE's ethos.
Revolve Group's ROE may not be high, but its net income has seen significant growth. This could be attributed to high earnings retention or efficient management. Analysts predict promising future growth for the company.
Investors maintain high P/E ratio for Revolve Group despite earnings decline, banking on its strong forecasted growth. A significant drop in share price seems unlikely as potential further earnings deterioration isn't deemed substantial.
Analysts are not confident about Revolve Group's returns trends considering the declining ROCE despite reinvestments. The stock has also seen a 36% dip in the last three years, further making investors hesitant about the turnaround of these trends.
Despite outperforming Wall Street estimates with superior user growth, the company's unprofitable revenue growth, highlighted by weak EBITDA, EPS, and cash flow, may cause investor backlash. The stock has already plunged 8.89% following the announcement.
Majority of consumer internet stocks face price drops after missed earnings and inflation pressure. Even companies like Match.com, who beat revenue expectations, saw their stock decline, indicative of tough business conditions.
Revolve Group股票討論區
2019年上市,主要做時尚產品業務,83%的市場在美國,當前價格17。
上市以來營收除2020年外增長了3年,平均增速爲21.9%,營業利潤則主要受費用影響在2022年大幅萎縮30.5%,近4年平均增速15%,淨利潤2022年萎縮41.2%。2022年沒有利息負擔。毛利率近4年變化不大,2022年53.8%,淨資產收益率2022年萎縮到16.9%。
2023前3季度營收萎縮3.7%,營業利潤疊加毛利率下滑和費用增長三重打擊萎縮了68.1%,淨利潤萎縮51.5%。
2019年以來資產負債率從43.7%下降到34.5%。應收比例增速都正常,存貨近兩年增長較快,但是和營收增速比還算合理。沒有有息借款。
目前現金2.67億,流動比率2.8,速動比率1.45,現金很充裕。
上市以來現金流經營淨額大幅高於投資淨額,產生了較大比例股東盈餘。
目前市盈率21.5,市盈率TTM38.6,考慮到近期營收和利潤雙萎縮,暫時缺乏吸引力。
新增數據:2023Q2
Q2營收下滑5.6%,營業利潤萎縮62%,淨利潤萎縮55.1%。
2023上半年營收下滑3.5%,營業利潤受毛利率下滑影響萎縮59%,比較奇葩的是在這種經營結果下管理費用仍在增長,淨利潤萎縮44.7%。
前兩季度存貨略有下降,仍然沒有有息負債,財務狀況還是相當好的。
目前市盈率16.6,市盈率TTM上升到了23.4,如果全年淨利潤萎縮45%,市盈率將提高到30,如果有恢復增長的機會,30倍市盈率對於在線零售來說仍在正常區間,考慮到資產負債表仍然穩健,目前還是持倉觀望。
TOP WATCH AH + 5/23 ⚡️⚡️
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