| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 61 | — | 17.3x | Around median | |
Growth | 53 | 99.5% | 7.1% | Around median | |
Quality | 32 | -9.8% | 4.5% | Bottom tier | |
Safety | 33 | — | 2.6x | Bottom tier | |
Capital Return | 26 | 0.00% | 0.06% | Bottom tier | |
Momentum | 72 | 12.4% | -1.6% | Top tier | |
Sentiment | 23 | 3 | 3 | Bottom tier |
10-year US Treasury yield 4.96% as of 2026-10-22. Estimates computed from company data and analyst targets, not investment advice.
LuxExperience B.V. is a global digital luxury goods platform combining three distinct businesses: Mytheresa for full-price luxury retail, NET-A-PORTER and MR PORTER for editorially driven multi-brand shopping and brand discovery, and YOOX for discounted past-season fashion. The Mytheresa, NET-A-PORTER, and MR PORTER model relies on increasing top-customer spending and average order value while reducing discounting, whereas YOOX focuses on core European markets and a cost structure suited to a lower average order value. In fiscal year 2026, Mytheresa’s top customers represented about 4.8% of customers but generated 48.4% of gross merchandise value, while the corresponding figures for NET-A-PORTER and MR PORTER combined were 4.3% and 49.1%.
In fiscal year 2026 quarter 4 ended June 30, 2026, group net sales increased 7.6% in constant currency, and the adjusted earnings before interest, taxes, depreciation, and amortization margin reached 2.1%, marking the third consecutive quarter of positive adjusted profitability. According to the September 16, 2026 news report, earnings per share were $0.01 versus an expected loss of $0.11. Reported segment sales were distributed as €269.2 million for Mytheresa, up 10.2%; €273.9 million for NET-A-PORTER and MR PORTER, up 5.6%; and €110.5 million for YOOX, up 6.6%.
Classified EDGAR data for fiscal year 2026 quarter 2 show revenue of $646.9 million and gross profit of $308.6 million, equivalent to a gross margin of approximately 47.7%, with a net loss of $7.4 million and a loss per share of $0.05. In fiscal year 2025, the company recorded revenue of $1.3 billion, gross profit of $603.3 million, net income of $570 million, and earnings per share of $5.65, compared with a net loss of $24.9 million in fiscal year 2024.
The analyst consensus is Buy, with an average price target of $9 and identical high and low targets of $9, so the target range provides no useful variation for measuring differences in estimates. The target is below the 52-week range high of $11.38 and above its low of $6.54, while no price-to-earnings ratio is available for the stock; therefore, the valuation is primarily tied to LuxExperience’s ability to raise its adjusted margin from 0.4% in fiscal year 2026 to 2%–3% in fiscal year 2027 while reducing YOOX losses and cash burn.
Figures in the text are as of 2026-09-17; the live price is shown at the top of the page.
Management expects overall mid-to-high single-digit growth and an adjusted earnings before interest, taxes, depreciation, and amortization margin between 2% and 3% in fiscal year 2027. Mytheresa is targeting high-single-digit to low-double-digit growth, while NET-A-PORTER and MR PORTER are expected to grow at a mid-single-digit rate. Fiscal year 2027 quarter 1, extending from July to September 2026, began with performance that led management to expect high-single-digit growth and a slightly negative adjusted margin for that quarter.
Mytheresa sales reached about €994.3 million in fiscal year 2026 after growing 11.5%, then increased 10.2% to €269.2 million in fiscal year 2026 quarter 4. The quarterly gross profit margin increased to 49.7%, while the adjusted earnings before interest, taxes, depreciation, and amortization margin reached 6.6%. Average order value also increased 13.1% to €875, and the number of top customers rose 18% during the same quarter.
Automated analysis for informational purposes only — not investment advice.
The two businesses together achieved sales growth of 5.6% to €273.9 million in fiscal year 2026 quarter 4, following previous periods of contraction. The adjusted earnings before interest, taxes, depreciation, and amortization margin reached 2.7%, marking the first quarter of positive adjusted profitability during fiscal year 2026. The selling, general, and administrative expense ratio improved by 500 basis points to 19.5%, but NET-A-PORTER’s customer satisfaction score remained at 59.7% because of shipping backlogs.
Management expects YOOX to reach adjusted earnings before interest, taxes, depreciation, and amortization breakeven in fiscal year 2028. As of fiscal year 2026 quarter 4, the margin remained negative at 10.5%, despite improving by 920 basis points compared with the corresponding period. Quarterly sales increased 6.6% to €110.5 million, but part of the growth came from an exceptional inventory liquidation, while management expects the margin to remain negative in the mid-single digits during fiscal year 2027.
LuxExperience ended fiscal year 2026 with €442 million in cash and cash investments and no bank debt, while its revolving credit facility increased to €125 million. It generated positive operating cash flow of €9 million in quarter 4, but operating cash burn for the full year reached €108 million. Management expects completing the transformation to consume an additional €150 million to €250 million over the following two years, while retaining an expected reserve of between €200 million and €300 million without using the credit facilities.
In fiscal year 2026, Mytheresa’s top customers represented about 4.8% of the customer base but generated 48.4% of gross merchandise value, and their average spending increased 4.8% in quarter 4. During that quarter, Mytheresa launched eleven exclusive collections and four pre-launch campaigns or exclusive styles with brands including Prada, Bottega Veneta, and Dolce & Gabbana, and added digital partnerships with Fendi and Piaget. The expansion of fine jewelry, featuring pieces from brands such as Bulgari, Piaget, and Cartier valued between €20 thousand and €80 thousand, helps increase average order value, but it also increases the dependence of growth on spending by the highest-value segment.