LuxExperience B.V.

LUXE
About the company

LuxExperience B.V., through its subsidiary, operates digital platform for the luxury fashion in Germany, the United States, Europe, Middle East, Japan, mainland China, Hong Kong SAR, China, and internationally. The company offers womenswear, menswear, kidswear, fine jewelry, watches, fine jewelry and lifestyle products under the Mytheresa, NET-A-PORTER, MR PORTER, YOOX, and the OUTNET brand name.

Country: NetherlandsPrice: $10.51Market Cap: $1.5B

Investment snapshot

53%positive consensus
Scored 1d ago

Positive

8

BUY / PASS

Neutral / negative

4 / 4

NEUTRAL / FAIL

Median fair value

$30.49

+190.1% vs price

Models with upside

6 / 17

Positive margin of safety

Strongest signal

Models split on LUXE at $10.51 — fair values range $1.40–$165.65

Key risk

9 of 10 flag LUXE's cash flow — Buffett, Lynch, Piotroski +6 more

Framework analysis

VerdictMeaning
BUYPositive purchase signal: the framework's buy requirements are met.
PASSThe company clears the framework's checklist or screen, but the framework does not produce a buy signal. For valuation frameworks this often means margin of safety is missing, insufficient, or unavailable; some screen-only frameworks have no intrinsic-value BUY state.
NEUTRALNeither a positive nor negative conclusion. It does not mean to hold an existing position.
FAILThe company does not clear the framework's requirements.
RankedRanked strategies do not use PASS: selected cohort is BUY, outside the cohort is FAIL, and unranked is NEUTRAL.

Current investor scores use trailing 12-month flows and the latest balance sheet where supported. Multi-year and EPS tests retain annual history; each framework shows its financial basis below. Intrinsic values use annual financials.

MetricGraham

Defensive Value

Buffett

Quality Compounder

Lynch

GARP

Greenblatt

Magic Formula

Piotroski

F-Score

Dreman

Contrarian Value

Munger

Quality Focus

Pabrai

Dhandho Framework

Akre

Three-Legged Stool

Marks

Risk-Aware Value

Ackman

Activist Value

Templeton

Global Bargain Hunter

Sleep

Scale Economies Shared

Asness

Systematic Factors

Neff

Low-P/E Total Return

Schloss

Asset-Value Discipline

O'Shaughnessy

Systematic Factor Composite

VerdictNEUTRALPASSFAILBUY · Rank #29 (Top 0.9%)PASSBUYBUYNEUTRALPASSFAILPASSNEUTRALPASSBUYFAILFAILNEUTRAL
Score
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Intrinsic Value (annual)N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Margin of Safety+74.8%N/A+93.7%+15.2%N/A+65.5%N/A+87.4%N/A+12.6%N/A-650.7%N/AN/AN/AN/AN/A
Financial Basis

Annual history · FY 2024

Latest source filing: 2025-10-30

Score computed: 2026-11-14

Annual history · FY 2024

Latest source filing: 2025-10-30

Score computed: 2026-11-14

Annual history · FY 2024

Latest source filing: 2025-10-30

Score computed: 2026-11-14

Annual history · FY 2024

Latest source filing: 2025-10-30

Score computed: 2026-11-14

Annual history · FY 2024

Latest source filing: 2025-10-30

Score computed: 2026-11-14

Annual history · FY 2024 · Market data at 2026-11-01

Latest source filing: 2025-10-30

Score computed: 2026-11-14

Qualitative assessment · Annual history · FY 2024

Latest source filing: 2025-10-30

Score computed: 2026-11-14

Qualitative assessment · Annual history · FY 2024

Latest source filing: 2025-10-30

Score computed: 2026-11-14

Annual history · FY 2024 · Qualitative assessment

Latest source filing: 2025-10-30

Score computed: 2026-11-14

Annual history · FY 2024 · Qualitative assessment

Latest source filing: 2025-10-30

Score computed: 2026-11-14

Annual history · FY 2024 · Market data at 2026-11-01

Latest source filing: 2025-10-30

Score computed: 2026-11-14

Annual history · FY 2024 · Price history 2025-01-01–2026-11-01

Latest source filing: 2025-10-30

Score computed: 2026-11-14

Annual history · FY 2024 · Qualitative assessment

Latest source filing: 2025-10-30

Score computed: 2026-11-14

Annual history · FY 2024 · Price history 2025-01-01–2026-11-01

Latest source filing: 2025-10-30

Score computed: 2026-11-14

Annual history · FY 2024

Latest source filing: 2025-10-30

Score computed: 2026-11-14

Annual history · FY 2024

Latest source filing: 2025-10-30

Score computed: 2026-11-14

Annual history · FY 2024 · Price history 2025-01-01–2026-11-01

Latest source filing: 2025-10-30

Score computed: 2026-11-14

Where It Passes

  • Valuation models86% pass✓ 6✗ 1▾

    Models split on LUXE at $10.51 — fair values range $1.40–$165.65

    Graham fair value$41.69
    ✓Graham+74.8% margin vs $10.51
    Lynch fair value$165.65
    ✓Lynch+93.7% margin vs $10.51
    Greenblatt fair value$12.39
    ✓Greenblatt+15.2% margin vs $10.51
    Dreman fair value$30.49
    ✓Dreman+65.5% margin vs $10.51
    Pabrai fair value$83.16
    ✓Pabrai+87.4% margin vs $10.51
    Marks fair value$12.02
    ✓Marks+12.6% margin vs $10.51
    Templeton fair value$1.40
    ✗Templeton-650.7% margin vs $10.51
  • Debt & Leverage83% pass✓ 13✗ 2▾

    10 of 12 pass — Graham and Lynch object

    LT Debt vs Net Current Assets
    ✗GrahamLT Debt <= Net Current Assets
    Debt/Equity & Interest CoverageD/E: 0.01, IC: 79.5x
    ✓BuffettD/E < 0.5 AND Interest Coverage > 5x
    Total Debt / Equity0.01
    ✓Lynch< 0.33
    Cash - Long-term Debt
    ✗LynchPositive preferred
    LT Debt / Total Assets Change0.00% -> 0.00%
    ✓PiotroskiDecreased YoY
    Current Assets / Current Liabilities2.52
    ✓Dreman> 1.5✓SchlossCurrent ratio >= 1.50x (app cutoff)
    Total Debt / Shareholders' Equity0.01
    ✓Dreman< 0.8✓Templeton< 1.0 (fixed cap; proxy for below-sector-median leverage)✓SchlossD/E < 1.00x
    Debt Levels0.01
    ✓MungerDebt/Equity < 0.5✓AkreDebt/Equity < 0.3
    Interest Coverage & Debt/EBITDAIC=79.5x, D/EBITDA=0.0x
    ✓MarksInterest Coverage > 3x; Debt/EBITDA < 4x
    Total Debt / Shareholders Equity0.01
    ✓Ackman<= 1.0
    Negative debt-to-equity (higher means less debt)-0.0073; #565/4210 (top 13.4%)
    ✓AsnessTop 30% of eligible cross-section
  • Efficiency75% pass✓ 9✗ 2▾

    6 of 8 pass — Piotroski and Akre object

    Current Ratio2.52
    ✓Graham>= 2.0
    ROIC (3-5 yr avg)32.9%
    ✓Buffett> 10%
    ROIC - WACC+22.9%
    ✓BuffettPositive (WACC = 10%)
    EBIT / (NWC + Net Fixed Assets)101.3%
    ✓Greenblatt> 25%
    Current Ratio Change YoY2.04 -> 2.52
    ✓PiotroskiIncreased YoY
    Revenue / Total Assets Change YoY1.21x -> 0.55x
    ✗PiotroskiImproved YoY
    Current Assets / Current Liabilities2.52
    ✓Dreman> 1.5
    Return on Invested Capital33.2%
    ✓Munger> 15%
    ROIC (high and growing)FY2022: ROIC=unavailable; FY2023: ROIC=unavailable; FY2024: ROIC=33.2%
    ✗AkreLatest 3 consecutive FYs: ROIC > 15% in each
    Reinvestment Rate x ROIC33.2% (RR=100% x ROIC=33.2%)
    ✓AkreReinvestment Rate * ROIC > 10%
    ROIC (5-year)1/1 years above 12% (latest 33.2%)
    ✓SleepROIC > 12% in a majority of years
  • Verdicts69% pass✓ 9✗ 4▾

    Split decision: 5 PASS · 4 NEUTRAL · 4 FAIL · 3 BUY

    Overall verdict
    •GrahamNEUTRAL (6/9)✓BuffettPASS (4/9)✗LynchFAIL (4/7)✓GreenblattRank #29✓PiotroskiPASS (F-Score 5)✓DremanBUY (9/11)✓MungerBUY (4/4)•PabraiNEUTRAL (2/3)✓AkrePASS (3/6)✗MarksFAIL (3/5)✓AckmanPASS (5/9)•TempletonNEUTRAL (5/8)✓SleepPASS (3/6)✓AsnessBUY (Rank #144/2370 (Top 6.1%))✗NeffFAIL (2/6)✗SchlossFAIL (2/7)•OshaughnessyNEUTRAL (Not ranked)
  • Valuation54% pass✓ 18✗ 10▾

    7 of 13 pass — Dreman, Ackman, Templeton +3 more object

    Price / Book Value per Share0.9x
    ✓Dreman< 1.2x✓Templeton< 1.5x✗SchlossP/B <= 0.80x (app cutoff)
    Price / 3-yr avg EPS5.1x
    ✓Graham<= 15x
    Price-to-Book Ratio0.9x
    ✓Graham<= 1.5x
    P/E x P/B4.60
    ✓Graham<= 22.5
    Basic earnings-growth PEG (dividends excluded)0.01
    ✓Lynch< 1.0 (ideally < 0.5)
    EBIT / Enterprise Value87.9%
    ✓Greenblatt> 10%
    Earnings Yield + ROC AssessmentEY=87.9%, ROC=101.3%
    ✓GreenblattBoth EY > 10% and ROC > 25%
    Price / EPS1.6x
    ✓Dreman< 12x✓Templeton< 12x (fixed ceiling; proxy for the market's cheapest 40%)
    Price / (CFO / Shares)N/A (negative CFPS)
    ✗Dreman< 8x
    Valuation ReasonablenessP/E=1.6x, OE Yield=48.4%
    ✓MungerP/E < 25 or Owner Earnings Yield > 5%
    P/E or FCF YieldP/E=1.6x
    ✓PabraiP/E < 15 or FCF Yield > 10%
    P/B or P/E vs. Historical AverageP/E=1.6x, P/B=0.9x
    ✓MarksP/E < 15 or P/B < 2.0
    Discount to Intrinsic Value65.7% (IV=$30.65 vs Price=$10.51)
    ✓Marks>= 20% below intrinsic value
    Price / FCF per Share
    ✗Ackman<= 25
    Price vs. Trailing Low139% of trailing low ($7.56)
    ✗Templeton<= 120% of trailing low (certified split-adjusted live window)
    Net income / market capitalization+45.52%; #148/6340 (top 2.3%)
    ✓AsnessTop 30% of eligible cross-section✓OshaughnessyTop 10% of eligible cross-section
    Positive book equity / market capitalization+1.0901; #1332/6449 (top 20.7%)
    ✓AsnessTop 30% of eligible cross-section
    Price / Diluted EPS1.6x
    ✓NeffP/E <= 15x (app proxy for a P/E 40%-60% below the market)
    (EPS CAGR % + Dividend Yield %) / P/E
    ✗Neff> 0.7 (Neff's published traditional edge)
    Price / Tangible Book Value per Share1.00x
    ✗SchlossP/TBV <= 1.00x (app cutoff)
    Book Value per Share Change
    ✗SchlossLatest BVPS >= earliest BVPS over >= 3 years (app rule)
    Revenue / market capitalization+1.0082; #1767/5247 (top 33.7%)
    ✗OshaughnessyTop 10% of eligible cross-section
    (Operating cash flow - capex) / market capitalization
    ✗OshaughnessyTop 10% of eligible cross-section
    Trailing six-month price return through the evaluation date+16.78%; #1508/6202 (top 24.3%)
    ✗OshaughnessyTop 10% of eligible cross-section

Where It Falls Short

  • Cash Flow10% pass✓ 1✗ 11▾

    9 of 10 flag LUXE's cash flow — Buffett, Lynch, Piotroski +6 more

    Free Cash Flow Proxy
    ✗BuffettPositive and growing
    FCF Positive and Growing
    ✗LynchPositive and growing
    Operating Cash Flow$-35.8M
    ✗PiotroskiCFO > 0
    (CFO / Total Assets) vs ROACFO/Assets=-1.34%, ROA=24.98%
    ✗PiotroskiCFO/Assets > ROA
    Price / (CFO / Shares)N/A (negative CFPS)
    ✗Dreman< 8x
    P/E or FCF YieldP/E=1.6x
    ✓PabraiP/E < 15 or FCF Yield > 10%
    FCF Positive
    ✗MarksPositive FCF in majority of recent years
    (OCF - CapEx) / Market Cap
    ✗Ackman>= 4%
    Price / FCF per Share
    ✗Ackman<= 25
    Positive Operating Cash Flow frequency4/7 years positive
    ✗SleepPositive OCF in >= 70% of available years
    Operating Cash Flow - Capital Expenditures
    ✗Neff> $0 (app proxy for a strong fundamental case)
    (Operating cash flow - capex) / market capitalization
    ✗OshaughnessyTop 10% of eligible cross-section
  • Growth38% pass✓ 8✗ 5▾

    5 of 8 flag LUXE's growth — Lynch, Marks, Ackman +2 more

    EPS Growth (3-yr avg, 10-yr window)3196.9%
    ✓Graham>= 33% growth
    Basic earnings-growth PEG (dividends excluded)0.01
    ✓Lynch< 1.0 (ideally < 0.5)
    3-5 Year EPS CAGR130.8%
    ✓Lynch15-30% (Fast Grower); > 0% to pass
    Inventory Growth vs Revenue GrowthInv: 201.3% vs Rev: 64.4%
    ✗LynchInventory growth < Revenue growth
    EPS Growth Direction$0.02 (2018) -> $6.63 (2024)
    ✓DremanPositive over recent years
    EPS CAGR157.5% CAGR over 6 years
    ✓Dreman> 5% annualized
    Positive Net Income Frequency3/7 years positive
    ✗MarksPositive net income in >= 7 of last 10 years
    3yr Median Revenue Growth15.9%
    ✓Ackman>= 5%
    Positive EPS Growth Frequency2/5 years with positive EPS growth
    ✗AckmanPositive EPS growth in >= 3 of last 5 years
    5-Year EPS CAGR
    ✗Templeton> 0% (5-year EPS CAGR)
    Revenue growth vs. gross and operating margin trendgross margin 49.6% -> 47.8%, operating margin -1.1% -> 45.8%
    ✓SleepRevenue rising; gross margin flat or falling; operating margin holding
    5-year Revenue CAGR24.0%
    ✓SleepCAGR > 7%
    3-5 Year Diluted EPS CAGR130.8% over 5 years
    ✗Neff7%-20% annualized
  • Profitability44% pass✓ 21✗ 14▾

    9 of 16 flag LUXE's profitability — Graham, Buffett, Piotroski +6 more

    Positive EPS (10 years)3/8 years positive
    ✗GrahamPositive EPS every year for 10 years
    EPS Growth (3-yr avg, 10-yr window)3196.9%
    ✓Graham>= 33% growth
    Net Income Positive (10+ years)3/8 years positive
    ✗BuffettPositive every year for 10+ years
    ROE (up to 5-year arithmetic mean)4.3%
    ✗Buffett> 15% arithmetic mean (app rule)
    Operating Margin (10-yr trend)45.8% (latest)
    ✓BuffettStable or rising over 10 years
    Free Cash Flow Proxy
    ✗BuffettPositive and growing
    Earnings Variance (10-yr CoV)2.95
    ✗BuffettCoV < 0.3
    Retained Earnings Effectiveness
    ✗Buffett$1 retained -> > $1 market value created
    Basic earnings-growth PEG (dividends excluded)0.01
    ✓Lynch< 1.0 (ideally < 0.5)
    3-5 Year EPS CAGR130.8%
    ✓Lynch15-30% (Fast Grower); > 0% to pass
    ROE41.8%
    ✓Lynch> 15%
    EBIT / Enterprise Value87.9%
    ✓Greenblatt> 10%
    Earnings Yield + ROC AssessmentEY=87.9%, ROC=101.3%
    ✓GreenblattBoth EY > 10% and ROC > 25%
    Net Income / Total Assets24.98%
    ✓PiotroskiROA > 0
    ROA Change YoY-3.58% -> 24.98% (delta: +28.55%)
    ✓PiotroskiCurrent ROA > Prior ROA
    (CFO / Total Assets) vs ROACFO/Assets=-1.34%, ROA=24.98%
    ✗PiotroskiCFO/Assets > ROA
    Gross Margin Change YoY45.7% -> 47.8%
    ✓PiotroskiImproved YoY
    Pre-Tax Income / Revenue45.4%
    ✓Dreman>= 8%
    Net Income / Shareholders' Equity41.8%
    ✓Dreman> 12%
    Margin of SafetyP/E=1.6x, P/B=0.9x
    ✓PabraiP/B < 1.5 or P/E < 15
    Return on Equity10.7% (3-yr avg)
    ✗AkreROE > 20% (3-year avg)
    Discount to Intrinsic Value65.7% (IV=$30.65 vs Price=$10.51)
    ✓Marks>= 20% below intrinsic value
    Positive Net Income Frequency3/7 years positive
    ✗MarksPositive net income in >= 7 of last 10 years
    Operating Income / Revenue45.8%
    ✓Ackman>= 15%
    Net Income / Shareholders Equity41.8%
    ✓Ackman>= 15%
    5-Year EPS CAGR
    ✗Templeton> 0% (5-year EPS CAGR)
    Operating Margin Trend-1.1% (2022) -> 45.8% (2024)
    ✓TempletonNon-negative operating-margin trend over 3 years
    Revenue growth vs. gross and operating margin trendgross margin 49.6% -> 47.8%, operating margin -1.1% -> 45.8%
    ✓SleepRevenue rising; gross margin flat or falling; operating margin holding
    Net income / market capitalization+45.52%; #148/6340 (top 2.3%)
    ✓AsnessTop 30% of eligible cross-section✓OshaughnessyTop 10% of eligible cross-section
    Gross profit / total assets+26.44%; #1631/3702 (top 44.1%)
    ✗AsnessTop 30% of eligible cross-section
    Net income / positive book equity+41.76%; #272/5226 (top 5.2%)
    ✓AsnessTop 30% of eligible cross-section
    Negative 5-year standard deviation of ROA-0.1148; #3655/5884 (top 62.1%)
    ✗AsnessTop 30% of eligible cross-section
    3-5 Year Diluted EPS CAGR130.8% over 5 years
    ✗Neff7%-20% annualized
    Positive Diluted-EPS Years3/7 years positive
    ✗Schloss>= 70% positive over 5-10 observed years (app rule)

Business & financials

Financial snapshot: annual FY 2024. Current investor scores may use newer quarterly data.

Company Profile

Industry: Retail
SIC Sector: Miscellaneous Retail
Size: Small Cap($1.5B)
Revenue: $1.5B+64.4% YoY
Net Income: $668.4M+2605.7% YoY

Financial Snapshot

Operating Margin45.8%
Return on Equity41.8%
Debt / Equity0.01
Current Ratio2.52
EPS (Diluted)$6.63

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Company Financials

Latest TTM and quarters alongside annual years

TTM sums four consecutive quarters and uses the latest quarter-end balances. Quarter columns show three-month results; annual columns show full-year totals. Growth compares the same period a year earlier. EPS is not added for TTM; full-year ratios are blank for quarters.

MetricFY 2024
Sources
  • 20-F · 2025-10-30
FY 2023
Sources
  • 20-F · 2024-09-12
FY 2022
Sources
  • 20-F · 2023-09-14
FY 2021
Sources
  • 20-F · 2022-09-15
FY 2020
Sources
  • 20-F · 2021-10-15
Market Cap$1.5Bcurrent$234.5Mest.$989.8Mest.$1.4Best.$2.6Best.
Revenue$1.5B↑64%$900.4M↑8%$832.5M↑16%$718.5M↓1%$728.5M
Operating Income$678.6M↑2986%-$23.5M↓149%-$9.4M↓415%$3.0M↑108%-$38.3M
Net Income$668.4M↑2606%-$26.7M↓44%-$18.5M↓90%-$9.7M↑75%-$38.8M
EPS (Diluted)$6.63↑2234%$-0.31↓68%$-0.18↓97%$-0.09↑81%$-0.50
Gross Margin47.8%↑5%45.7%↓8%49.6%↓3%51.3%↑9%46.9%
Operating Margin45.8%↑1856%-2.6%↓130%-1.1%↓372%0.4%↑108%-5.3%
ROE41.8%↑830%-5.7%↓49%-3.8%↓77%-2.2%↑74%-8.5%
Total Debt$11.7M--------
Shareholders' Equity$1.6B↑243%$466.5M↓3%$481.9M↑7%$448.7M↓2%$458.3M
Current Ratio2.52↑24%2.04↓8%2.22↓13%2.56↓7%2.76
Debt / Equity0.01————
Operating Cash Flow-$35.8M↓434%$10.7M↑118%-$59.8M↓205%$57.2M↑389%-$19.8M
Free Cash Flow----------

Score history

Historical Score Timeline

Industry peers

Industry Peers

Similar companies in Retail

LUXE vs Peers — Financial Grading

Revenue$1.5BBottom 25%
Net Income$668.4MBottom 25%
ROE41.8%Median
D/E0.01Top 25%
Op. Margin45.8%Top 25%
Curr. Ratio2.52Top 25%
CompanyMarket CapPriceRevenueNet IncomeROED/EOp. MarginCurr. RatioGrahamBuffettLynchGreenblattPiotroskiDreman
COSTCO WHOLESALE CORP /NEWCOST$490.2B$1106.21$275.2B$8.1B27.8%0.203.8%1.032/95/96/71/3F-Score 63/11
HOME DEPOT, INC.HD$347.9B$348.69$164.7B$14.2B110.5%4.0012.7%1.063/95/93/71/3F-Score 43/11
TJX COMPANIES INC /DE/TJX$148.4B$134.37$60.4B$5.5B53.9%0.28—1.143/96/97/71/3F-Score 74/11
FASTENAL COFAST$63.3B$55.19$8.2B$1.3B31.9%0.0320.2%4.854/97/95/71/3F-Score 75/11
AUTOZONE INCAZO$52.5B$3259.70$18.9B$2.5B-73.2%-2.6119.1%0.883/96/92/71/3F-Score 64/11
KROGER COKR$41.8B$70.80$147.6B$1.0B17.1%2.681.3%0.803/94/93/70/3F-Score 73/11
WILLIAMS SONOMA INCWSM$29.9B$254.05$7.8B$1.1B52.3%—18.1%1.393/96/93/71/3F-Score 53/11
CASEYS GENERAL STORES INCCASY$26.3B$712.08$17.6B$714.4M18.1%0.62—1.013/93/92/70/3F-Score 93/11