That's a fair analysis. Priced for perfection and they achieve it most of the time just about sums it all up.
One bit of info I would add is the net stores aren't the same as new stores. On a net store basis the growth has slowed to around 13% at the current run rate. Once inflation and population growth is taken into account, I think LOV will grow topline 15% yoy for the next 5 to 10 years so the current SP will eventually look OK.
If it could grow at these rates into perpetuity (like tech stocks), a PE of 40 will be cheap. However, a day will come when store growth will slow to mid single digits and eventually peak, at which time the market will not award the stock a PE of 40 as it currently does.
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Last
$33.08 |
Change
0.150(0.46%) |
Mkt cap ! $3.628B |
Open | High | Low | Value | Volume |
$32.66 | $33.21 | $32.65 | $1.762M | 53.49K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 41 | $33.07 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$33.08 | 67 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 174 | 33.100 |
7 | 151 | 33.090 |
3 | 72 | 33.080 |
3 | 151 | 33.070 |
3 | 129 | 33.060 |
Price($) | Vol. | No. |
---|---|---|
33.120 | 154 | 9 |
33.130 | 50 | 1 |
33.140 | 152 | 5 |
33.150 | 265 | 10 |
33.160 | 174 | 7 |
Last trade - 13.54pm 30/05/2024 (20 minute delay) ? |
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Last
$33.13 |
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Change
0.150 ( 0.38 %) |
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Open | High | Low | Volume | ||
$32.71 | $33.22 | $32.65 | 9711 | ||
Last updated 14.11pm 30/05/2024 ? |
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