Zalando Aims to Become a Go-To Fashion Aggregator Platform; Shares Attractive
We are maintaining our fair value estimate of EUR 37.5 for no-moat Zalando as the company reported stronger-than-expected full-year profits and shared its long-term targets on capital markets day. We think the shares still offer value, but after very strong positive reaction to the results and growth targets (shares up over 20%) margin of error has shrunk.While annual revenue came in line with our forecast, adjusted group EBIT came at EUR 173 million, versus the EUR 155 million we expected. Thi...
Zalando is an e-commerce group based in Germany. Co. is engaged in the online retailing of clothing, shoes and accessories for women, men and children. Co.'s product offering include more than 1,500 brands, including global and local brands, as well as private labels, including shoes, clothing and accessores as well as sportswear and homeware designed especially for the Co. The Co.'s product offering is complimented by the Zalando Lounge and Zalon apps, which provides registered members special offers at discounted prices. Co. also provides a combination of services that include free delivery and returns.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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