Stitch Fix Inc.
Find Ratings ReportsSTITCH FIX INC's gross profit margin for the second quarter of its fiscal year 2024 has increased when compared to the same period a year ago. Even though sales decreased, the net income has increased.
During the same period, stockholders' equity ("net worth") has decreased by 16.45% from the same quarter last year.
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Income Statement | Q2 FY24 | Q2 FY23 |
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Net Sales ($mil) | 330.4 | 400.62 |
EBITDA ($mil) | -12.71 | -16.92 |
EBIT ($mil) | -25.52 | -28.54 |
Net Income ($mil) | -35.52 | -65.57 |
Balance Sheet | Q2 FY24 | Q2 FY23 |
---|---|---|
Cash & Equiv. ($mil) | 229.82 | 221.6 |
Total Assets ($mil) | 538.32 | 660.6 |
Total Debt ($mil) | 139.02 | 172.06 |
Equity ($mil) | 213.27 | 255.28 |
Profitability | Q2 FY24 | Q2 FY23 |
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Gross Profit Margin | 43.43 | 40.88 |
EBITDA Margin | -3.84 | -4.22 |
Operating Margin | -7.72 | -7.12 |
Sales Turnover | 2.72 | 2.75 |
Return on Assets | -22.57 | -44.78 |
Return on Equity | -52.33 | -112.03 |
Debt | Q2 FY24 | Q2 FY23 |
---|---|---|
Current Ratio | 1.8 | 1.59 |
Debt/Capital | 0.39 | 0.4 |
Interest Expense | 0.0 | 0.0 |
Interest Coverage | 0.0 | 0.0 |
Share Data | Q2 FY24 | Q2 FY23 |
---|---|---|
Shares outstanding (mil) | 120.17 | 112.51 |
Div / share | 0.0 | 0.0 |
EPS | -0.29 | -0.56 |
Book value / share | 1.77 | 2.27 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 1533102.0 | 1783225.0 |
SELL. This stock’s P/E ratio is negative, making its value useless in the assessment of premium or discount valuation, only displaying that the company has negative earnings per share. For additional comparison, its price-to-book ratio of 1.26 indicates a significant discount versus the S&P 500 average of 4.68 and a significant discount versus the subsector average of 11.33. The price-to-sales ratio is well below both the S&P 500 average and the subsector average, indicating a discount. After reviewing these and other key valuation criteria, STITCH FIX INC proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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SFIX NM | Peers 23.55 | SFIX 6.97 | Peers 16.96 | |||||||||||||||||||||
Neutral. The absence of a valid P/E ratio happens when a stock can not be valued on the basis of a negative stream of earnings. SFIX's P/E is negative making this valuation measure meaningless. |
Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. SFIX is trading at a significant discount to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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SFIX NM | Peers 19.84 | SFIX NA | Peers 1.61 | |||||||||||||||||||||
Neutral. The absence of a valid price-to-projected earnings ratio happens when a stock can not be valued on the basis of a negative expected future earnings. SFIX's ratio is negative making this valuation measure meaningless. |
Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. Ratio not available. |
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Price/Book |
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Earnings Growth |
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SFIX 1.26 | Peers 11.33 | SFIX 63.85 | Peers 329.94 | |||||||||||||||||||||
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. SFIX is trading at a significant discount to its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, SFIX is expected to significantly trail its peers on the basis of its earnings growth rate. |
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Price/Sales |
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Sales Growth |
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SFIX 0.18 | Peers 1.84 | SFIX -19.43 | Peers 6.34 | |||||||||||||||||||||
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. SFIX is trading at a significant discount to its subsector on this measurement. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. SFIX significantly trails its peers on the basis of sales growth. |
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