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Luckin Coffee Inc. (OTCMKTS:LKNCY) Short Interest Update | news.google.com • |
Luckin Coffee stock still at risk as revenue growth accelerates | invezz.com • |
Luckin Coffee stock still at risk as revenue growth accelerates | invezz.com • |
Luckin Coffee Inc. Announces First Quarter 2024 Financial Results | globenewswire.com • |
Luckin Coffee Files Audited Financial Statements for Fiscal Year 2023 | globenewswire.com • |
Starbucks, Luckin stocks stung as robusta coffee price hits ATH | invezz.com • |
Date | For | Estimate | Reported | Surprise | surprise % |
---|---|---|---|---|---|
2024-04-30 | 2024-03 | 0 | -0.01 | N/A | N/A |
2024-02-23 | 2023-12 | 0 | 0.16 | N/A | N/A |
2023-11-01 | 2023-09 | 0 | 0.48 | N/A | N/A |
2023-08-01 | 2023-06 | 0 | 0.48 | N/A | N/A |
2023-05-01 | 2023-03 | 0 | 0.24 | N/A | N/A |
2023-03-02 | 2022-12 | 0 | 0.08 | N/A | N/A |
$LKNCY Thanks for reimbursing me on the purchase of my new Bentley GT
Maybe Starbucks will buy LKNCY for 75$ a share…!
Starbucks are doing worse than us!
Do a DCF for the next 10 years and say the price war continuous for another 3,6 or even 12 months and then we are back to normal profitability and growth this transition period is not too significant.
The market is not thinking like that and today we will go down 10% or so.
By the way zero EBIT (non GAAP) is not bad but the potential is 20%++ and the price war will not bring any value. It is just EGO!
When you give discounts of over 20% your same store sales will drop accordingly.
I think it is a huge mistake to participate in the price war. They can stop it any time they want maybe the growth will be lower but the profitability and the brand will become stronger.
As it seems Starbucks is not taking part in the price war.
Price war is in full force. Negative EBIT of 1%. This company can easily make 20% EBIT with regular prices.
How long this war will continue?
As long as it does, the numbers will be similar.
t is also killing the top line by at lease 20%!
I am not selling but it will be a bloodshed today.
Zero trade before the bell…
1.0$ per day will be more than enough…
What is the value of a growth business during coffee war? We are traded at 1 time EV/sales multiple (2024 sales). This is very cheap to a growth business but the reason is that the margins during the war are very low (3-5% EBIT).
As long as the war goes on, I think 20$ is the bottom. If we want to get to the real multiple of a market leader growth company of 4 times EV/sales (according to 2024 sales it is 80$) we must improve margins.
We just have to wait and see what is going on, it will not last forever. Everyone is losing money even Starbucks which is not participating in the price war is losing sales in China and SBUX also trades at TTM low.
Vekna nobody listen to you. You are a clown.
The stock will get to zero…
The bottom is near probably ~20$ and it will reverse and go up sharply and we will never hear from you again.
No re-list during coffee war…
Once stabilized they will re—list.
I am holding my shares!
The company ST strategy is not good for the stock but it is the right thing to do to get more market share and push a competitor out.
Starbucks is not part of this game and they are down in their sales and market share keeping their higher prices/high margin in China.
In 2024, sales will reach 5.0-5.5B$, this represent huge growth and we will have the highest market share in China.
Prices are way lower than Starbucks (~50% lower!). We can easily raise prices on the right timing.
How do you evaluate a growth company with low margin during transition? I think 2 times for the ST sales and 4 times sales once margin are back to normal.
We are traded at EV/sales of just 1 times 2024 sales.
Do your math.
If we will finish in green today it will be awesome.
Traded now at 1 time EV/2024 sales - it is very low valuation due to the law EBIT margin.
Will not go up before we see margin improvement.
How do you evaluate a growth business that sacrifice margin in the short term…?
The main issue is margin all the rest is great.
They should set up their plan for next 3 years and share with investors.
If we will be 10B$ with 15%+ EBIT (25% store contribution) in 3 years the stock is way undervalued.
2024 will be 5.0$ sales with 5% EBIT (15% store contribution). This means 24$ per share is real.
Value will come only when EBIT margin improves substantially. Starbucks EBIT margin is ~20%.
We will not get 4 times sales value without significant improvement in margin!
Again the sacrifice margin to increase market share. Margin is down sharply to low signal digit EBIT. How long this will continue.
I perfectly understand the stock behavior during last 3 months.
Growth strategy with lower margin.
I am disappointed!
10 minutes to go. Good luck to all LT holders.