TPW 1HFY26 Results: Topline Growth Remains a Key Priority in 2H
What’s new: TPW reported 1HFY26 margins that were below consensus and our expectations. While rev growth could remain resilient, there could be continued spending on subsidies and promotions as consumers are more value driven amid a challenging market environment. We lower our PT from A$20 to A$13 on lowered outlook. Our updated PT of A$13 implies 1.7x FY27E EV/Revs. We maintain our BUY rating.Analysts:
Jin Yoon
Temple & Webster sells furniture, homeware, and other lifestyle products through its online, member based website.
Provided by our team of experienced analysts, our work is idea driven, based on independence of thought, sector expertise, and firmly focussed on fundamentals and valuation.
New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:
- Pan European Telecom Services and Cable
- US Telecoms, Cable, Satellite and Towers
- Global Emerging Market Telecoms
- Japan Telecoms
- Asian Internet
- Pan European Healthcare
- Global healthcare thematic research
We provide debt research on:
- Pan European Telecom Services and Cable
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.