TPW 1HFY25 Results: Continued Market Share Gains
What’s new: TPW reported 1HFY25 results that were above consensus and our expectations. Rev growth could further improve as comps get easier towards the latter part of 2HFY25, and the company has the margin flexibility to further invest to drive top-line growth. We up our PT from A$13 to A$18 on continued market share gains. Our updated PT of A$18 implies 2.7x FY26E EV/Revs.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.