Kogan.com Ltd
KGN: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$37.30 | Dsmg | Qjtqhtpyzc |
Kogan: Australian Sales Momentum Improving
No-moat Kogan’s June quarter 2024 earnings were better than we expected. Gross sales of AUD 184 million were slightly ahead of our AUD 177 million forecast due to a sooner-than-expected return to growth in the core Australian segment. EBITDA margins were much stronger than we anticipated, driven by operating leverage.