From CTT to KGN: Performance of eCommerce stocks this quarter so far

2 min read | September 06, 2022 01:22 AM AEST | By Aditi Sarkar

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From CTT to KGN: Performance of eCommerce stocks this quarter so far — Image source: © Vlado85 | Megapixl.com

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Highlights

Australia ranks eleven in terms of the global eCommerce market

By 2024, the revenue from eCommerce is anticipated to reach US$32.3 billion in Australia

CTT, TPW, ABY and KGN are some of the decent performing eCommerce stocks this quarter to date

E-commerce (electronic commerce) refers to trading goods and services through the internet or any electronic network. It also includes the transmission of funds or data.

Australia's eCommerce market is growing fast, placing it at the eleventh position in the global eCommerce market. Revenue from the business is anticipated to reach US$32.3 billion by 2024, implying year-on-year growth of 15.5 per cent.

Against this backdrop, we at Kalkine Media® will discuss some of the best-performing ASX-listed eCommerce stocks this quarter to date (QTD) as of 05 Sep 2022.

Cettire Ltd (ASX:CTT)

Cettire Limited provides a variety of in-demand personal luxury goods through its website. Shares of the global online retailer have gained about 92.1% this QTD.

FY22 highlights of CTT

Reported gross revenue surged by 131% to AU$287.8 million
Reported sales revenue surged by 127% to AU$209.9 million
Growth in active customers by 127% to 260,249
Delivered margin up 70% to AU$37.4 million
Adjusted earnings before interest, taxes, depreciation, and amortisation (EBITDA) of AU$21.5 million backed by substantial investment to scale platform

Temple & Webster Group Ltd (ASX:TPW)

Temple & Webster Group is an online retailer of furniture and homewares. It operates a drop-shipping model in which products are sent directly to customers by suppliers.

In FY22, the company's revenue from ordinary activities increased by 30.6%. However, its profit after tax for the year declined by 14.2% to AU$11.96 million. The company attributes this reduction to the reinvestment strategy for FY22.

Shares of TPW are up by about 51.2% this QTD.

Adore Beauty Group Ltd (ASX:ABY)

Adore Beauty Group Limited offers skincare, haircare, makeup, fragrance, and wellness products through its eCommerce retail platform.

Shares of ABY are green by 47.1% this QTD.

Kogan.com Ltd (ASX:KGN)

Kogan.com Limited has two segments, Kogan.com and Mighty Ape. The ASX-listed firm operates a portfolio of retail and services businesses.

In FY22, the company shifted its focus to operational efficiency. During the reporting period, its gross sales grew by 0.1% to AU$1.18 billion, demonstrating a compound annual growth rate (CAGR) of 23.6% since FY20. However, its revenue declined by 8.0%, and gross profit declined by 9.3%.

The share value of Kogan.com has appreciated by about 27.7% this QTD.

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