company background image
DIBS

1stdibs.Com NasdaqGM:DIBS Stock Report

Last Price

US$6.60

Market Cap

US$251.2m

7D

-8.6%

1Y

-62.3%

Updated

10 Aug, 2022

Data

Company Financials +
DIBS fundamental analysis
Snowflake Score
Valuation0/6
Future Growth1/6
Past Performance0/6
Financial Health6/6
Dividends0/6

DIBS Stock Overview

1stdibs.Com, Inc. operates an online marketplace for vintage, antique, and contemporary furniture, home décor, jewelry, watches, art, and fashion products worldwide.

1stdibs.Com, Inc. Competitors

Price History & Performance

Summary of all time highs, changes and price drops for 1stdibs.Com
Historical stock prices
Current Share PriceUS$6.60
52 Week HighUS$19.00
52 Week LowUS$4.77
Beta0
1 Month Change12.82%
3 Month Change14.78%
1 Year Change-62.31%
3 Year Changen/a
5 Year Changen/a
Change since IPO-76.84%

Recent News & Updates

Aug 10

1stdibs.com GAAP EPS of -$0.01 beats by $0.23, revenue of $24.6M misses by $0.25M

1stdibs.com press release (NASDAQ:DIBS): Q2 GAAP EPS of -$0.01 beats by $0.23. Revenue of $24.6M (-0.4% Y/Y) misses by $0.25M.

Jul 28

1stDibs Faces Tough 2022 As User Conversion Falters

1stDibs went public in June 2021, raising $115 million in a U.S. IPO. The company runs online marketplaces for premium quality furnishings, home decor, fashion and other accessories. DIBS has been negatively affected by changes in consumer buying preferences toward travel and hospitality and now an economic recession. Until management can restart revenue growth and reduce high operating losses, I'm on Hold for DIBS. A Quick Take On 1stDibs 1stDibs.com (DIBS) went public in June 2021, raising approximately $115 million in gross proceeds from an IPO that priced at $20.00 per share. The firm operates a website and marketplace that enables makers and sellers of premium home decor, art, jewelry and fashion items to sell to consumers. DIBS faces revenue decline conditions along with significant operating cost structures likely resulting in more losses ahead. Until management can reignite topline growth and reduce operating losses to make serious progress toward operating breakeven, I’m on Hold for DIBS. 1stDibs Overview New York, NY-based 1stDibs was founded to create a platform of vetted sellers of art, jewelry, furnishings and accessories for the home. Management is headed by Chairperson and CEO David Rosenblatt, who has been with the firm since November 2011 and was previously President, Global Display Advertising at Google. The firm focuses on creating relationships with high quality, vetted sellers which in turn attracts well-heeled buyers. According to a 2020 market research report by Bain & Company Luxury Goods Worldwide Market Study (Spring Update), the global market for luxury goods fell by an estimated 25% in Q1 2020. The report said 'there will be a recovery for the luxury market but the industry will be profoundly transformed...The coronavirus crisis will force the industry to think more creatively and innovate even faster to meet a host of new consumer demands and channel constraints.' Also, the report estimated that 'recovery to 2019 levels will not occur until 2022 or 2023,' with growth resuming only gradually and depending on the major 'luxury player's strategic responses to the current crisis and their ability to transform the industry on behalf of the customer.' Major competitive or other industry participants include: Mytheresa.com (MYTE) Farfetch (FTCH) Branded websites Other unique product marketplaces 1stDibs’s Recent Financial Performance Total revenue by quarter has risen moderately over the past 5 quarters: 5 Quarter Total Revenue (Seeking Alpha) Gross profit by quarter has essentially plateaued: 5 Quarter Gross Profit (Seeking Alpha) Selling, G&A expenses as a percentage of total revenue by quarter have remained well into the 60’s: 5 Quarter Selling, G&A % Of Revenue (Seeking Alpha) Operating losses by quarter have remained elevated with no path to breakeven: 5 Quarter Operating Income (Seeking Alpha) Earnings per share (Diluted) have remained negative with little serious progress toward profitability: 5 Quarter Earnings Per Share (Seeking Alpha) (All data in above charts is GAAP) In the past 12 months, DIBS’ stock price has fallen 70.2 percent vs. the U.S. S&P 500 index’s fall of around 7.9 percent, as the chart below indicates: 52 Week Stock Price (Seeking Alpha) Valuation And Other Metrics For 1stDibs Below is a table of relevant capitalization and valuation figures for the company: Measure Amount Enterprise Value $98,890,000 Market Capitalization $233,730,000 Enterprise Value / Sales [TTM] 0.95 Price / Sales [TTM] 1.93 Revenue Growth Rate [TTM] 15.97% Operating Cash Flow [TTM] -$16,770,000 Earnings Per Share (Fully Diluted) -$0.99 (Source - Seeking Alpha) Although the firm is not strictly a ‘software’ company, the Rule of 40 is a software industry rule of thumb that says that as long as the combined revenue growth rate and EBITDA percentage rate equal or exceed 40%, the firm is on an acceptable growth/EBITDA trajectory. DIBS’ most recent GAAP Rule of 40 calculation was negative (9%) as of Q1 2022, so the firm needs significant improvement in this regard, per the table below: Rule of 40 - GAAP Calculation Recent Rev. Growth % 16% GAAP EBITDA % -25% Total -9% (Source - Seeking Alpha) Commentary On 1stDibs In its last earnings call, covering Q1 2022’s results, management highlighted the growth in its trade business but challenges in its consumer GMV (Gross Merchandise Volume) ‘due to lower new buyer conversion, a trend that’s continued into the second quarter.’ Management is seeing negative online consumer buying trends due to a shift back to in-person buying and substitution spending more on travel and restaurants. Also, the broad economic slowdown, which has now turned into a recession with two consecutive quarters of negative GDP growth in the U.S., is reducing discretionary spending by consumers. Notably, CEO Rosenblatt said that while new user registrations have remained strong, getting them to convert to buyers has been a challenge, likely due to the aforementioned trends, which he believes are ‘temporary.’ The company is focused on increasing supply growth, as ‘supply begets demand.’ It is testing new supplier subscription options and is seeking to commercialize an auctions functionality, which could appeal to more ‘price-sensitive consumers.’

Jun 29

Performant Capital acquires accounting software company from 1stDibs

Private equity firm Performant Capital has acquired project management and accounting software company Design Manager from 1stDibs (NASDAQ:DIBS). No other terms of the acquisition were disclosed. Source: Press Release

Shareholder Returns

DIBSUS Online RetailUS Market
7D-8.6%1.3%1.2%
1Y-62.3%-28.3%-11.6%

Return vs Industry: DIBS underperformed the US Online Retail industry which returned -30.9% over the past year.

Return vs Market: DIBS underperformed the US Market which returned -13.5% over the past year.

Price Volatility

Is DIBS's price volatile compared to industry and market?
DIBS volatility
DIBS Average Weekly Movement10.9%
Online Retail Industry Average Movement12.8%
Market Average Movement7.9%
10% most volatile stocks in US Market17.0%
10% least volatile stocks in US Market3.2%

Stable Share Price: DIBS is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: DIBS's weekly volatility (11%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2000365David Rosenblatthttps://www.1stdibs.com

1stdibs Com, Inc. operates an online marketplace for vintage, antique, and contemporary furniture, home décor, jewelry, watches, art, and fashion products worldwide. The company offers online marketplace that enables commerce between sellers and buyers; and Design Manager, an online platform that provides software solution to interior designers.

1stdibs.Com, Inc. Fundamentals Summary

How do 1stdibs.Com's earnings and revenue compare to its market cap?
DIBS fundamental statistics
Market CapUS$251.24m
Earnings (TTM)-US$28.40m
Revenue (TTM)US$103.79m

2.4x

P/S Ratio

-8.8x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
DIBS income statement (TTM)
RevenueUS$0
Cost of RevenueUS$0
Gross ProfitUS$0
Other ExpensesUS$0
EarningsUS$0

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

Aug 10, 2022

Earnings per share (EPS)-0.75
Gross Margin68.39%
Net Profit Margin-27.36%
Debt/Equity Ratio0%

How did DIBS perform over the long term?

See historical performance and comparison