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Trading Idea - #Inditex#Inditex - Conviction BUY (long-term) ENTRY: 21.00 EUR TARGET: 29.50 EUR (+40%) STOP: 17.60 EUR Inditex is one of the largest textile companies in the world, based in Arteixo / Galicia (Spain). Inditex specializes in the design, manufacture and distribution of clothing and accessories for men, women and children. Zara is the best-known brand of the group, which also includes Pull&Bear and Bershka. Inditex saw slower sales growth in the final quarter due to new Covid restrictions, but sees rising earnings and a strong business recovery at the start of the new fiscal year. Last year, the Spanish fashion chain with brands such as Zara, Massimo Dutti and Bershka significantly increased sales, net profit almost tripled and margins improved significantly. From a technical analysis perspective, we are at a support level. All signs indicate a bounce and thus a recovery of the chart. According to the current valuation, the fair price (if there is such a thing :-) ) of the share is between EUR 29 and 30. Estimated financial data (EUR) YEAR 2022 Sales 2022 = 27,931 million Net income 2022 = 3 646 million Net liquidity 2022 = 8 446 million P/E ratio 2022 = 18.0x Dividend yield 2022 = 4.82 YEAR 2023 Sales 2023 = 28 855 mn Net income 2023 = 3,626 million Net liquidity 2023 = 10 468 million P/E ratio 2023 = 18.1x Dividend yield 2023 = 5.23
XETR:IXD1Long
by Traderherz-Analytics
Inditex long term trendMultiyear view of Inditex. - Distribution (Wyckoff) from 2015 to 2017. Range 29 to 32. Blow off top on 36 euros. - Second redistribution from 2018 to 2020. Range 24 to 28. Blow off top on 32 euros. - Potencial third redistribution 2020 to 2022. Range 18 to 24: Topping on 32 euros in December 2019. Almost 50% drop on March 2020 A - Support on 18,56 following 2013-2015 trendline B - Rebound in April 2020 to 26 euros C - Potencial C wave to 14 euros implying a 56% drop, this would be a shake out on the third redistribution. Potential catalyst for C Wave is 1-2 months after re-opening of stores across Spain and Europe as only 30% of stores in Spain are re-opening and people may not return to pre-covid consumption habits, this may cause a 30-50% drop in sales Entry point: 24 Stop loss: 25.5 Take profit 1: 20.64 Take profit 2: 19.7 Take profit 3: 18.47 Take profit: 14.47
BME:ITXShort
by WKMAnalytics
Inditex boosted above EUR 25,40 - Medium termInditex is facing a great bullish momentum: Fundamental: After the downgrade of Morgan Stanley -17%, they have reported solid quarterly results reaching USD 12 Bn of revenue for the first time, remaining its clothing leadership. Technical : -Spanish equities negative momentum was sending Inditex downwards, however IBEX 35 is back again above 9.200 level pointing out a recovery of the Spanish Index. -There is a gap at EUR 27-28 that needs to be covered. -ITX did not break the FIBO 0,61 level. Enjoy your trading!
BME:ITX
by Adrian_Armentia
ITX-2k18 Summer Season View 3 Months till Mid end August**Hey there! Here's a possible movement for the next 3 months till mid-end August. You can find further information about my chart and idea in the chart itself in three separate Black Boxes (so called black wall). Please note that every chart posted about companies is build on information build and based by many different medias and gazettes. Part of it is also made of information taken from the chart itself, by checking it's history and movement. Thank you! Best regards, Egzon Shabani
BME:ITX
by Egzon-Shabani
3