NYKAA-IPO
*1st profitable e-commerce co to hit the IPO market
*Turned net cash from net debt in FY21
*Eyeing valuation of $4-5bn
*Assuming $4bn valuation
IPO priced at TRAILING FY21
12x sales
185x EV/ EBIDTA
#StockMarket #nykaaIPO #Nykaa
*1st profitable e-commerce co to hit the IPO market
*Turned net cash from net debt in FY21
*Eyeing valuation of $4-5bn
*Assuming $4bn valuation
IPO priced at TRAILING FY21
12x sales
185x EV/ EBIDTA
#StockMarket #nykaaIPO #Nykaa
FINANCIALS
-Turned EBIDTA positive in FY19
-Turned Profitable in FY21
-Margins Improving
-GM doubled in past 5 years to more than 40% in FY20 (Jefferies)
-A&P spends at 10-11% of Revenues
#StockMarket #nykaaIPO
-Turned EBIDTA positive in FY19
-Turned Profitable in FY21
-Margins Improving
-GM doubled in past 5 years to more than 40% in FY20 (Jefferies)
-A&P spends at 10-11% of Revenues
#StockMarket #nykaaIPO
What’s Working: Jefferies
-Focus on Beauty & Personal Care (BPC) a high margin biz
-Focus on unit economies Delivery charges of 70 below 500 order
-No discount from own pocket, discounts funded by brands
-Uptick on margin, no distributor or wholesale channel
#nykaaIPO
-Focus on Beauty & Personal Care (BPC) a high margin biz
-Focus on unit economies Delivery charges of 70 below 500 order
-No discount from own pocket, discounts funded by brands
-Uptick on margin, no distributor or wholesale channel
#nykaaIPO
• • •
Missing some Tweet in this thread? You can try to
force a refresh
