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
$3.08 |
Change
-0.110(3.45%) |
Mkt cap ! $1.174B | |||
| Open | High | Low | Value | Volume |
| $3.19 | $3.20 | $3.06 | $7.079M | 2.287M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 73178 | $3.08 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.09 | 6917 | 2 |
View Market Depth
| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
$3.08 |
Change
-0.110 ( 2.86 %) |
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| Open | High | Low | Volume | ||
| $3.19 | $3.20 | $3.06 | 4250841 | ||
| Last updated 15.59pm 10/05/2024 ? | |||||
| CTT (ASX) Chart |