AllAnalyst Report
logoMorningstarNovember 13, 2020

Farfetch Limited: Farfetch Delivers Stellar Q3, FVE Increased as a Result of Competitive Shifts but Shares Expensive

Symbols
FTCHF
Sector(s)
Consumer Cyclical
Rating
Current Price
$0.01
Fair Value
Economic Moat
Stewardship
Summary

Farfetch is an online platform connecting sellers and buyers of personal luxury goods. It was founded in 2008. The company partners with over 1,000 luxury goods sellers to offer their inventory on the platform. When making the retailers' stock available to almost a million active customers, the company charges a cut of around 30% (third-party take rate). Geographically, Europe, the Middle East, and Africa account for 37% of the company’s sales, the Asia-Pacific 36%, and the Americas 27%. The company operates digital marketplace platform Farfetch, Browns stores and acquired branded company New Guard Group.

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Analyst Profile

Jelena Sokolova

Equity Analyst
Jelena Sokolova is an equity analyst for Morningstar Holland BV, a wholly owned subsidiary of Morningstar, Inc. Based in Amsterdam, she covers the consumer discretionary/luxury goods sector.Before joining Morningstar in 2016, Sokolova worked as a senior equity analyst at CE Asset Management in Zurich covering European large caps.Sokolova has a master’s degree in international business from Riga International School of Economics and Business Administration (RISEBA). She holds the Chartered Financial Analyst® designation.