In today’s briefing:
- Livspace: A Tech-Enabled Home Interior and Renovation Marketplace in Asia
- Cisco Systems Inc: Financial Forecasts, DCF & Comparables Valuation, ESG & Other Risks (09/22)
- Macy’s Inc: Survival In A Challenging Macro Environment & Other Factors
Livspace: A Tech-Enabled Home Interior and Renovation Marketplace in Asia
- Livspace brings together designers, brands, manufacturers, and contractors onto its marketplace.
- It automates the entire process from interior design to managing last mile fulfilment for all rooms in users’ homes.
- The company was valued at $1.2bn based on its last capital raise in Feb 2022; it operates in India, Singapore, and Malaysia and plans to expand to other makers aggressively.
Cisco Systems Inc: Financial Forecasts, DCF & Comparables Valuation, ESG & Other Risks (09/22)
- Cisco Systems had quite a strong quarter and was able to exceed Wall Street expectation on all counts despite operating in an incredibly dynamic environment.
- The company continues to view strong customer adoption of its subscriptions and software driven by its targeted investments.
- We provide the stock of Cisco Systems with a ‘Hold’ rating with a revision in the target price.
Macy’s Inc: Survival In A Challenging Macro Environment & Other Factors
- Despite the increasingly difficult consumer environment, Macy’s delivered a decent quarterly result which also happened to be an all-around beat.
- Its $5.6 billion in quarterly net sales exceeded its projections, despite a 1.6% decline in comparable owned plus licenced sales.
- Elevated inventory levels within particular categories were caused by the high industry-wide inventory levels and the decline in consumer discretionary spending.
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