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
$1.09 |
Change
-0.005(0.46%) |
Mkt cap ! $101.9M | |||
| Open | High | Low | Value | Volume |
| $1.08 | $1.09 | $1.07 | $31.42K | 29.20K |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 1 | 303 | $1.08 |
Sellers (Offers)
| Price($) | Vol. | No. |
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| $1.09 | 7771 | 3 |
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| Last trade - 15.36pm 30/05/2024 (20 minute delay) ? |
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$1.09 |
Change
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| Open | High | Low | Volume | ||
| $1.08 | $1.09 | $1.08 | 8877 | ||
| Last updated 15.36pm 30/05/2024 ? | |||||
| ABY (ASX) Chart |