Mercari Inc

Mercari – US GMV Is Downside Risk but Profitability Is a Larger Upside Risk

Equity Bottom-Up
191 Views, 19 Jan 2022 17:36
EXECUTIVE SUMMARY
  • Mercari is down 33% since 22 November, actually underperforming the 31% decline in Mothers. 
  • YoY numbers for the US may only modestly beat the 20% growth target for the year and this reset of expectations may have been the driver of the decline. 
  • However, we expect significant upside surprises on profitability and that is our focus.
detail (3-minute read)
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Mio Kato
Japan/Asia Long-Short
LightStream Research
JapanEquity Bottom-UpEquity Capital Markets

Over 15 years analysing Japanese and Asian stocks from a long/short perspective I focus on cyclically driven sectors su... 

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