The Farfetch valuation I indicated above was before the last 2 days correction.
Looking at their 2022 annual report, there are 394 million shares which corresponds to a market cap of 248 m USD or around 380 m AUD (= 36 % of Cettire's market cap).
Unlike Cettire (net cash), Farfetch has a serious problem of debt : at 30/6/23, it had a net financial debt of 463 m USD, including 454 m USD of cash.
This level of cash could be rapidly exhausted, as the company still has a large negative cash flow from operation and used 280 m USD of cash during the last reported quarter.
It may explain why Farfetch has not yet reported its Q3 results.
what's happening with Farfetch ?, page-2
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Last
$1.20 |
Change
0.065(5.73%) |
Mkt cap ! $430.7M | |||
| Open | High | Low | Value | Volume |
| $1.15 | $1.22 | $1.08 | $11.46M | 9.986M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 27433 | $1.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.20 | 8588 | 1 |
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