| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 88 | 2.0x | 17.8x | Top tier | |
Growth | 99 | 172.9% | 7.1% | Top tier | |
Quality | 95 | 39.3% | 4.5% | Top tier | |
Safety | 89 | 0.2x | 2.6x | Top tier | |
Capital Return | 15 | — | 2.12% | Bottom tier | |
Momentum | 30 | -5.1% | 2.9% | Bottom tier | |
Sentiment | 70 | 3 | 3 | Top tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
LuxExperience operates a multi-brand digital platform for luxury fashion and goods, with three businesses: Mytheresa, targeting the highest-spending customers; NET-A-PORTER and MR PORTER in the luxury segment; and YOOX in the off-price segment. The business model is based on selling curated assortments from luxury brands, increasing the share of full-price sales, and raising average order value, while using editorial content, exclusive events, and customer service to build loyalty among high-spending customers.
In Q3 fiscal year 2026, the group’s net sales were stable at constant currency and declined 5.2% on a reported basis due to movements in the euro against the dollar, while the adjusted EBITDA margin reached 0.9% versus negative 3.2% in the comparable quarter, marking the second consecutive profitable quarter by this measure. Reported net sales for the three segments were €256.0 million for Mytheresa, €231.6 million for NET-A-PORTER and MR PORTER, and €130.7 million for YOOX; equivalent to approximately 41.4%, 37.5%, and 21.1%, respectively, of their combined sales of €618.3 million.
The latest available EDGAR statements for Q2 fiscal year 2026 show revenue of $646.9 million and gross profit of $308.6 million, equivalent to a gross margin of approximately 47.7%. However, the company recorded a net loss of $7.4 million and a loss per share of $0.05, indicating that the improvement in adjusted operating profitability in the following quarter had not yet translated, within the latest available EDGAR figures, into positive net income.
Automated analysis for informational purposes only — not investment advice.
The analyst consensus is “Buy,” with an average price target of $9 and identical high and low targets of $9; this target lies within the 52-week range of $6.54–$11.38 and is approximately 20.9% below its peak. No usable price-to-earnings ratio is available in the data, consistent with the continued net loss in Q2 fiscal year 2026; therefore, the valuation hinges on successfully progressing from an adjusted EBITDA margin of 0.9% in Q3 to the medium-term target of between 7% and 9%, while accounting for the risks of cash consumption and contraction at NET-A-PORTER, MR PORTER, and YOOX.
Figures in the text are as of 2026-09-02; the live price is shown at the top of the page.
Mytheresa is the strongest operational driver, after its net sales grew 9.9% at constant currency to €256.0 million in Q3 fiscal year 2026. Growth in the United States reached 33.8%, and the market accounted for 25.8% of the business’s sales. Its adjusted EBITDA margin also expanded to 5.5%, while adjusted EBITDA increased 50% to €14.1 million, combining growth with improved profitability.
The group achieved a positive adjusted EBITDA margin of 0.9% in Q3 fiscal year 2026, compared with negative 3.2% in the comparable period, marking the second consecutive positive quarter by this measure. However, the latest EDGAR data for Q2 fiscal year 2026 recorded a net loss of $7.4 million and a loss per share of $0.05. Therefore, limited adjusted operating profitability has been achieved, while the available figures do not yet confirm sustainable positive net income.
Net sales for the two businesses declined 5.1% at constant currency to €231.6 million in Q3 fiscal year 2026 due to reduced discounting and a focus on higher-value customers. In contrast, gross margin increased 700 basis points to 48.5%, and adjusted EBITDA margin improved to negative 0.5%. Selling, general, and administrative expenses also declined 8.9%, or €5.6 million, compared with the corresponding quarter, following warehouse closures and the consolidation of studio and customer-service operations.
YOOX is focusing on core countries and the most profitable customers while reducing exposure to high-cost international markets and discontinuing the unprofitable marketplace model. Its net sales declined 7.4% at constant currency to €130.7 million in Q3 fiscal year 2026, but gross margin increased 620 basis points to 37.5%. Its adjusted EBITDA margin improved from negative 17.3% to negative 5.5%, while management expects it to return to profitability within 12 to 15 months and to sales growth in fiscal year 2027.
Management expects gross merchandise value of approximately €2.6 billion and net sales of approximately €2.5 billion for fiscal year 2026. It also targets approximate adjusted EBITDA break-even within a range of negative 1% to positive 1% and expects operating cash consumption to remain below the €117.9 million recorded in the first nine months. Over the medium term, it targets sales of €4 billion and an adjusted EBITDA margin between 7% and 9%, with a return to annual growth of between 10% and 15%.
U.S. tariffs increased Mytheresa’s shipping and payment costs by 250 basis points in Q3 fiscal year 2026 because the company pays the tariffs on behalf of its U.S. customers. In March 2026, the conflict in the Middle East affected customer sentiment and halted deliveries to the Arabian Peninsula for several days, while carriers imposed additional airfreight surcharges. The average product basket of close to €850 at Mytheresa, NET-A-PORTER, and MR PORTER provides a relative ability to absorb some tariffs, but does not eliminate their impact on margins and demand.
