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
85.0¢ |
Change
0.010(1.19%) |
Mkt cap ! $79.86M | |||
| Open | High | Low | Value | Volume |
| 84.0¢ | 85.0¢ | 83.5¢ | $340.4K | 407.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1768 | 84.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 85.0¢ | 59110 | 2 |
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| Last trade - 15.56pm 09/07/2024 (20 minute delay) ? |
| ABY (ASX) Chart |