"Kogan surpasses $1b in gross sales" 

Highlights:

Gross Sales up 52.7% to $1.179b

Revenue up 56.8% to 780.7m

Gross Profit up 61%

Adjusted NPAT up 43.2%

NPAT down 86.8% to $3.5m

Adjusted EPS up 27.2% to $0.41 per share

EPS of $0.03 per share, down 88.3%

Kogan.com active customer base up 46.9%

My Comments

I always get a little nervous when a company leads with such a headline. Will have to have a closer look at KGN financials as they have been shady in the past on reporting different metrics. Inventory issues asside it's good to see that their active customer base is still growing (+46.9%).

ASX Announcement HERE

Attempt #2 of posting my conservative DCF for Kogan attached. Fair value $16.22.

Let me know your thoughts!

Conservative DCF for Kogan attached. Fair value $16.22.

Let me know your thoughts!