FMP
May 23, 2024 2:29 PM - Davit Kirakosyan
Benchmark analysts downgraded Vipshop Holdings (NYSE:VIPS) from Buy to Hold following the company’s reported disappointing first-quarter results and subdued growth outlook for fiscal year 2024.
The guidance for second-quarter revenue, which is expected to decrease by 0-5% year-over-year, and the flat revenue forecast for fiscal 2024 indicate a loss of market share in Vipshop's standardized products segment, which makes up about 25% of its total GMV. While the core apparel category remains stable, it is likely to face increased competition as key competitors ramp up their investments.
The current stock price, implying a 7.1x FY24 P/E ratio, is seen as fair for a company with no growth. This is in contrast to platform peers who are experiencing mid/high single-digit growth and have an improving outlook, yet trade at higher multiples. Despite the revenue shortfall, the analysts acknowledged the company's stable margin outlook and plans to return 75% of net profit to shareholders. However, the stock lacks fundamental catalysts for further growth.
Jan 16, 2024 4:18 PM - Samuel Abdelshahid
In the hustle and bustle of the trading world, having a trustworthy laptop is like having a reliable partner by your side. Making well-informed decisions and staying ahead of market trends become second nature with the right device. However, the quest for a budget-friendly trading laptop t...
Jan 21, 2024 4:00 AM - Parth Sanghvi
Introduction: In the world of financial analysis, a profound grasp of essential profitability metrics is vital. This blog delves into three pivotal metrics—ROE (Return on Equity), ROA (Return on Assets), and Net Profit Margin—offering clear insights without unnecessary complexity. Exploring RO...
May 14, 2024 11:41 AM - Sanzhi Kobzhan
A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...