Disruptive Technology

Monthly valuation overview – February


Ratings and price correct at time of issue

Company Rating Date Previous Rating Date Closing Price
AO World plc NEUTRAL 22/09/21 N/A N/A 70.2p
ASOS plc NEUTRAL 29/09/21 N/A N/A 876p
Auto Trader Group plc NEUTRAL 24/01/22 N/A N/A 590p
Auto1 Group SE NEUTRAL 09/02/22 N/A N/A 720c
Baltic Classifieds Group plc NEUTRAL 09/08/22 N/A N/A 169.8p
boohoo group plc OUTPERFORM 22/09/21 N/A N/A 53.3p
Carvana Co NEUTRAL 09/02/22 N/A N/A 891c
Cazoo Group NEUTRAL 08/09/21 N/A N/A 18046c
Darktrace plc NEUTRAL 11/08/22 N/A N/A 263.7p
Deliveroo plc OUTPERFORM 18/01/22 N/A N/A 81.2p
Delivery Hero OUTPERFORM 18/01/22 N/A N/A 3795c
DoorDash Inc NEUTRAL 18/01/22 N/A N/A 5392c
GB Group plc OUTPERFORM 11/08/22 N/A N/A 341p
HelloFresh SE OUTPERFORM 09/02/22 N/A N/A 2012c
In the Style Group plc NEUTRAL 09/08/22 Outperform 22/09/21 7.4p
Kainos Group plc NEUTRAL 06/09/22 N/A N/A 1390p
Marks Electrical Group plc OUTPERFORM 12/01/23 Neutral 26/07/22 90.5p
Moonpig Group plc NEUTRAL 06/10/21 N/A N/A 114p
musicMagpie plc NEUTRAL 29/09/21 N/A N/A 39.4p
Naked Wines plc NEUTRAL 06/10/21 N/A N/A 107p
On the Beach Group plc OUTPERFORM 09/02/23 Neutral 06/10/21 162p
OnTheMarket plc NEUTRAL 09/08/22 N/A N/A 68.0p
Purplebricks Group plc NEUTRAL 24/01/22 N/A N/A 9.5p
Rightmove plc OUTPERFORM 24/01/22 N/A N/A 560p
Sosandar plc OUTPERFORM 26/07/22 N/A N/A 23.0p
Trustpilot Group plc NEUTRAL 06/09/22 N/A N/A 103.4p
Virgin Wines UK plc NEUTRAL 26/07/22 N/A N/A 52.0p


In our monthly valuation product, we provide an overview of key metrics across our three core coverage sectors: E-commerce, Online Marketplaces and Software & IT Services. January saw a significant bounce across our coverage, but the past month has seen a return to the downward trend of 2022 as fears of sticky inflation and sustained higher interest rates come to the fore. Over the past month, our E-commerce coverage is down 8%, Online Marketplaces down 11% with Software & IT Services relatively resilient, up 1%. Looking forward, can the UK-EU post-Brexit deal, alongside a relative rebound in consumer confidence, help boost the supressed valuations in the UK market? See the link to our full presentation below.

Download full report with analyst certification and important disclosures

Mar 3 2023, 07:15 GMT