Insights

Why the Marley Spoon (ASX:MMM) share price is one to watch today

The Marley Spoon (ASX: MMM) share price is one to watch after falling 5.6% on Thursday before the company reported its Q4 2020 results.
The post Why the Marley Spoon (ASX:MMM) share price is one to watch today appeared first on The Motley Fool Australia. –

woman looking up as if watching asx share price

The Marley Spoon AG (ASX: MMM) share price slumped 5.6% lower on Thursday and could be on the move again today.

Shares in the Europe-based meal kit company slumped lower yesterday as the S&P/ASX 300 Index (ASX: XKO) fell 2.0% to 6,638.90 points.

However, the company’s latest quarterly update makes the Marley Spoon share price worth watching today.

Why is the Marley Spoon share price on watch?

Marley Spoon doubled its revenue in 2020 with strong growth driven by the United States market.

The company’s fourth quarter update (Q4 2020) for the period ended 31 December 2020 delivered a result broadly in line with guidance.

Marley Spoon expects to post revenue of 254 million euros (A$404.4 million), within the guidance range and up 96% year on year, or 101% on a constant currency basis.

Q4 revenue jumped 95% on Q4 2019 numbers to 69 million euros (A$109.9 million). US revenue surged in Q4, climbing 146% higher compared to Q4 2019 on a constant currency basis.

The Marley Spoon share price will be in focus today after the company posted its fourth consecutive quarter of active subscriber growth. Average active subscriber numbers climbed to ~233,000 compared to Q1 2020 figures of ~142,000.

Q4 2020 was also the third consecutive quarter of positive operating earnings before interest, tax, depreciation and amortisation (EBITDA). Operating EBITDA totalled 1 million euros (A$1.6 million) for the final quarter of 2020.

Marley Spoon reported unaudited quarterly operating cash flow of -3.6 million euros (-A$5.7 million). That saw the company book a total year-end cash balance of 34.4 million euros (A$54.8 million).

The company’s global contribution margin reached 29% despite Q4 impacts of COVID-19 and peak e-commerce holiday season.

The Marley Spoon share price has surged over the past year. In fact, shares in the meal kit delivery group are up 920% in the last 12 months. Strong growth in the lucrative US market has been key to the company’s robust earnings and share price gains. 

Where to invest $1,000 right now

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

See The 5 Stocks

*Returns as of June 30th

More reading

Motley Fool contributor Ken Hall has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

The post Why the Marley Spoon (ASX:MMM) share price is one to watch today appeared first on The Motley Fool Australia.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!