市场见解

2 high-growth ASX shares profiting from the e-commerce boom

Cettire and Goodman are two e-commerce ASX shares growing quickly.
The post 2 high-growth ASX shares profiting from the e-commerce boom appeared first on The Motley Fool Australia. –

There are a number of ASX shares that are growing quickly due to the e-commerce explosion that has occurred since the onset of the COVID-19 pandemic.

These businesses aren’t expecting the boom of e-commerce to slow down. In-fact, they are expecting more sales or revenue:

Goodman Group (ASX: GMG)

Goodman is one of the biggest industrial property groups in the world.

It’s currently rated as a buy by quite a few different analysts, including the broker Morgan Stanley. This broker has a price target of $26.50 on the business, suggesting the broker thinks it could gain almost 10% over the next 12 months.

Morgan Stanley was pleased to see that Goodman Group upgraded its profit guidance for FY22 off the back of its FY22 first quarter update. Logistics facilities continue to be in demand, with a particular reference to large US retailers.

Goodman says that it’s continuing to see structural changes, significant customer demand and intensification of use of sites in its target markets. This is leading to rental growth, increasing development activity, stronger than expected performance from its partnerships and higher levels of profitability.

The real estate e-commerce ASX share is expecting to grow assets under management (AUM) from $62 billion at 30 September 2021 to around $70 billion by June 2022, which is the end of FY22. The AUM growth is being driven by strong revaluation gains, development completions and net acquisitions.

COVID-related disruptions in FY22 have been managed so that there has been less impact on the full year projections than initially assumed. Operating earnings per security (EPS) growth is now expected to be more than 15% in FY22.

Cettire Ltd (ASX: CTT)

Cettire is a luxury e-commerce retailer that sells around 200,000 products from around 1,700 luxury brands. Some of the products it sells includes clothing, shoes, bags and accessories.

The e-commerce ASX share is generating triple digit revenue growth. In the first four months of FY22, sales revenue was up 172% to $57.8 million. Cettire’s active customer number grew at an even faster rate – it went up 220% to 158,260. That growing customer base is likely to contribute an increasing level of revenue – 40% of FY21 revenue came from repeat customers.

Despite the bricks and mortar stores reopening around the world, Cettire’s sales continue to grow unabated.

Cettire has been investing in customer acquisition and executing strongly, leading to October monthly traffic increasing by 379% year on year. It’s also seeing “very positive” early signs from the migration to its proprietary storefront, with sales growth in ‘migrated’ markets outpacing the company’s overall growth.

FY21 showed that the business is already generating positive profit at certain lines of its financials. Excluding IPO expenses, share-based payments and unrealised foreign exchange movements, FY21 adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) was $2.1 million and operating cashflow was $12.7 million (up 131%).

The e-commerce ASX share has said that its number one priority is to maximise the global revenue potential of the company by taking a long-term view, with continuing investment in winning customers, technology enhancements and building organisational capability.

The post 2 high-growth ASX shares profiting from the e-commerce boom appeared first on The Motley Fool Australia.

Should you invest $1,000 in Goodman Group right now?

Before you consider Goodman Group, you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Goodman Group wasn’t one of them.

The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of August 16th 2021

More reading

Why these ASX 200 shares could be strong buys

Here’s how much $20,000 invested in these ASX shares 10 years ago is worth now

Cettire (ASX:CTT) share price struggles despite 180% revenue growth

Is the Goodman (ASX:GMG) share price a good buy?

2 excellent blue chip ASX 200 shares to buy now

Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Cettire Limited. The Motley Fool Australia has recommended Cettire Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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