Nice write up and I totally agree with the conclusion. My only 2 cents I would like add is:
- Adores moat is the eyeballs it attracts and retains. A new entrant would require many years and incur significant customer acquisition costs to replicate the Adore business.
- I was looking at some Euromonitor sales data in the beauty and personal care sector & specialist beauty retailers. 2 things stood out to me:
1. Specialist beauty retailers are winning market share from the likes of Chemist warehouse etc.
2. Projected CAGR growth rates in the BPC sector in the next 5 years appear reasonably attractive compared to other industries.
Adore Beauty; solid business, currently overvalued, page-2
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Last
$1.12 |
Change
0.005(0.45%) |
Mkt cap ! $105.2M | |||
| Open | High | Low | Value | Volume |
| $1.11 | $1.13 | $1.11 | $21.17K | 18.89K |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 2 | 46822 | $1.11 |
Sellers (Offers)
| Price($) | Vol. | No. |
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| $1.12 | 21174 | 1 |
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| Last trade - 15.55pm 03/05/2024 (20 minute delay) ? |
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Last
$1.12 |
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| Open | High | Low | Volume | ||
| $1.12 | $1.12 | $1.12 | 650 | ||
| Last updated 14.16pm 03/05/2024 ? | |||||
| ABY (ASX) Chart |