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Mar 3 2023, 07:15 GMT
Disruptive Technology
Monthly valuation overview – February
- Sectors : Disruptive Technology
- Companies : Kainos Group plc | Baltic Classifieds Group plc | In the Style Group plc | musicMagpie plc | Deliveroo plc | DoorDash Inc | OnTheMarket plc | Sosandar plc | Trustpilot Group plc | Auto Trader Group plc | Carvana Co | Cazoo Group | Purplebricks Group plc | Darktrace plc | On the Beach Group plc | Marks Electrical Group plc | AO World plc | Delivery Hero | Virgin Wines UK plc | GB Group plc | ASOS plc | Rightmove plc | boohoo group plc | Moonpig Group plc | Naked Wines plc | HelloFresh SE | Auto1 Group SE
Ratings
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 |
DAVY VIEW
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.
