HelloFresh : Growth to continue, margins to recover, share price setback is an attractive entry point
>Massive share price setback, valuation at attractive levels now - Due to sector rotation and interest rate fears, shares of HelloFresh and Delivery Hero lost 44% and 64% respectively in the last three months. Hence, valuation multiples contracted significantly. HelloFresh is trading at a 12-month forward EV/EBITDA of 16x, which is the lowest level ever. The 12-month forward EV/Sales is at 1.1x and thus at levels seen in 2018 or 2019 when HelloFresh was still loss-mak...HelloFresh is engaged in the delivery of meal kits to customers in the U.S., the United Kingdom, Germany, the Netherlands, Belgium, Luxembourg, Australia, Austria, Switzerland and Canada. Co. provides portioned food and recipes, which its subscribers receive in weekly boxes. Co. provides both omnivore and vegetarian options, with fresh ingredients and chef-inspired recipes.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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