Financials Revolve Group, Inc.

Equities

RVLV

US76156B1070

Department Stores

Real-time Estimate Cboe BZX Other stock markets 02:20:57 2024-05-08 pm EDT			5-day change	1st Jan Change
21.56 ^USD	+1.94%		+8.98%	+29.55%

05:13pm	Baird Adjusts Price Target on Revolve Group to $23 From $19, Keeps Neutral Rating	MT
05:10pm	Needham Adjusts Price Target on Revolve Group to $25 From $23, Keeps Buy Rating	MT

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	1,264	2,189	4,085	1,632	1,196	1,498	-	-
Enterprise Value (EV) ¹	1,199	2,043	3,867	1,398	1,196	1,214	1,172	1,194
P/E ratio	29.5 x	39.5 x	41.8 x	28.2 x	43.6 x	41.6 x	33 x	21.9 x
Yield	-	-	-	-	-	-	-	-
Capitalization / Revenue	2.1 x	3.77 x	4.58 x	1.48 x	1.12 x	1.37 x	1.27 x	1.08 x
EV / Revenue	2 x	3.52 x	4.34 x	1.27 x	1.12 x	1.11 x	0.99 x	0.86 x
EV / EBITDA	21.6 x	29.5 x	33.7 x	15.5 x	27.6 x	25.8 x	17.8 x	11.8 x
EV / FCF	35.7 x	28.6 x	64.3 x	76.5 x	-	25.7 x	24.5 x	-
FCF Yield	2.8%	3.5%	1.55%	1.31%	-	3.9%	4.08%	-
Price to Book	9.7 x	11.1 x	12.9 x	4.3 x	-	3.74 x	3.25 x	2.81 x
Nbr of stocks (in thousands)	68,872	70,216	72,900	73,336	72,154	70,818	-	-
Reference price ²	18.36	31.17	56.04	22.26	16.58	21.15	21.15	21.15
Announcement Date	2/25/20	2/24/21	2/23/22	2/23/23	2/27/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	601	580.6	891.4	1,101	1,069	1,093	1,182	1,390
EBITDA ¹	55.6	69.26	114.6	90.23	43.41	47.15	65.98	101.5
EBIT ¹	48.1	61.07	105.3	73.14	22.13	36.11	55.07	82.01
Operating Margin	8%	10.52%	11.81%	6.64%	2.07%	3.3%	4.66%	5.9%
Earnings before Tax (EBT) ¹	47.17	60.07	104.7	76.62	37.76	41.02	60.61	93.49
Net income ¹	35.67	56.79	99.84	58.7	28.15	30.77	45.81	72.62
Net margin	5.93%	9.78%	11.2%	5.33%	2.63%	2.82%	3.87%	5.23%
EPS ²	0.6225	0.7900	1.340	0.7900	0.3800	0.5083	0.6408	0.9655
Free Cash Flow ¹	33.6	71.45	60.12	18.27	-	47.32	47.86	-
FCF margin	5.59%	12.31%	6.74%	1.66%	-	4.33%	4.05%	-
FCF Conversion (EBITDA)	60.43%	103.17%	52.47%	20.25%	-	100.37%	72.55%	-
FCF Conversion (Net income)	94.21%	125.81%	60.21%	31.12%	-	153.78%	104.49%	-
Dividend per Share ²	-	-	-	-	-	-	-	-
Announcement Date	2/25/20	2/24/21	2/23/22	2/23/23	2/27/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1
Net sales ¹	244.1	239.8	283.5	290.1	268.7	259.2	279.6	273.7	257.6	257.8	270.6	277.3	270.4	274.5	286.9
EBITDA ¹	21.67	34.18	31.54	26.88	17.68	14.14	15.01	10.38	9.484	8.538	13.27	14.32	10.69	12.86	13.66
EBIT ¹	19.21	31.94	28.45	19.28	14.75	10.66	12.26	7.355	0.324	2.199	9.328	10.41	7.774	9.175	10.64
Operating Margin	7.87%	13.32%	10.04%	6.65%	5.49%	4.11%	4.38%	2.69%	0.13%	0.85%	3.45%	3.75%	2.88%	3.34%	3.71%
Earnings before Tax (EBT) ¹	19.37	31.71	28.97	21.09	16.19	10.37	18.84	9.736	4.308	4.876	14.65	11.26	11.4	12.9	6.667
Net income ¹	16.67	29.38	22.57	16.27	11.99	7.868	14.17	7.303	3.178	3.494	10.87	8.605	8.236	9.269	5.013
Net margin	6.83%	12.25%	7.96%	5.61%	4.46%	3.04%	5.07%	2.67%	1.23%	1.36%	4.02%	3.1%	3.05%	3.38%	1.75%
EPS ²	0.2200	0.3900	0.3000	0.2200	0.1600	0.1100	0.1900	0.1000	0.0400	0.0500	0.1500	0.1300	0.1080	0.1220	0.1260
Dividend per Share ²	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Announcement Date	11/3/21	2/23/22	5/3/22	8/3/22	11/2/22	2/23/23	5/3/23	8/2/23	11/1/23	2/27/24	5/7/24	-	-	-	-

¹USD in Million²USD

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-	-	-	-
Net Cash position ¹	65.4	146	218	235	-	283	326	304
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ¹	33.6	71.4	60.1	18.3	-	47.3	47.9	-
ROE (net income / shareholders' equity)	33.9%	34.3%	38.6%	16.9%	-	8.6%	11.4%	15.4%
ROA (Net income/ Total Assets)	18.1%	-	25.4%	11.1%	-	4.9%	8.2%	12%
Assets ¹	197.2	-	393.1	529.9	-	628	558.6	605.1
Book Value Per Share ²	1.890	2.800	4.330	5.170	-	5.650	6.510	7.540
Cash Flow per Share ²	0.8000	1.020	0.8400	0.5800	-	-0.0800	0.1800	-
Capex ¹	12.5	2.32	2.2	5.17	-	5.82	5.42	5.56
Capex / Sales	2.07%	0.4%	0.25%	0.47%	-	0.53%	0.46%	0.4%
Announcement Date	2/25/20	2/24/21	2/23/22	2/23/23	2/27/24	-	-	-

¹USD in Million²USD

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Revolve Group, Inc.

Trading Rating

Investor Rating

ESG Refinitiv

C-

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

21.15 USD

Average target price

20.19 USD

Spread / Average Target

-4.55%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Internet & Mail Order Department Stores

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FSN E-COMMERCE VENTURES LIMITED	-1.78%	5.87B
OCADO GROUP PLC	-54.39%	3.7B

Internet & Mail Order Department Stores