MMAG.L(MMAG.L)

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MMAG.L(MMAG.L)

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$8.95—

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MMAG.L(MMAG.L)

MMAG.L

Overview Notebook Intelligence Chart History Fundmntls TTM Earnings Analysts News Financials Segments Insiders Institl.DCF Peers

7/23/26

MUSICMAGPIE (MMAG.L)

Thursday

12:54 PM

Thesis: Recent declines in net income and revenue growth, coupled with high debt levels, have raised concerns about the company's financial stability and ability to compete effectively.

Revenue Outlook

Metric	FY2023	FY2024E	FY2025E
Revenue	$137M	$144M	$150M
Rev. Growth	-6.0%	+5.3%	+4.0%
EPS	$-0.07	$-0.01	$0.00
EPS Growth	-44.8%	+82.7%	+108%
P/E (fwd)	—	—	8950.0×

★ Analysts see FY2024 revenue reaching $144M — +5.3% growth in a single year.

What Moves the Stock

1Consumer electronics resale market demand, particularly for smartphones
2Changes in consumer sentiment towards sustainability and second-hand goods
3Regulatory changes affecting e-waste and recycling initiatives
4Competitive pricing strategies from other resale platforms
5Resale of used electronics (approximately 70% of total revenue)
6Trade-in services for consumer electronics (approximately 20% of total revenue)
7Accessories and related products (approximately 10% of total revenue)
8Sustainability and circular economy trends driving demand for second-hand goods

FY2023 Snapshot

Revenue: $137M
Rev. Growth: -6.0%
Gross Margin: 27.7%
Op. Margin: -1.7%
Net Margin: -5.0%
Net Income: $-7M
NI Growth: -44.7%
EPS: $-0.07
1Y Return: +44.4%

MMAG.L Chart

My Notes

"Management noted, 'We are facing significant headwinds in maintaining profitability amidst rising competition.'"
Moat: musicMagpie's technology-driven approach provides a moderate moat, but competition is intensifying.
value - investors may be drawn to the low price-to-sales ratio (0.1x) and potential turnaround opportunities.
Higher interest rates could increase financing costs for inventory purchases and reduce consumer spending on discretionary items…
Watch on earnings: Consumer sentiment index (UMCSENT), Retail sales growth (RSXFS), Inventory turnover ratio.

One Sentence Summary:

musicMagpie: the story is balanced — consumer electronics resale market demand, particularly for smartphones.

Auto-composed from Stock Alarm intelligence, financial statements, and analyst estimates. Not investment advice.

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Metric

FY2023

FY2024E

FY2025E

P/E (fwd)

—

8950.0×

What Moves the Stock

1Consumer electronics resale market demand, particularly for smartphones

2Changes in consumer sentiment towards sustainability and second-hand goods

3Regulatory changes affecting e-waste and recycling initiatives

4Competitive pricing strategies from other resale platforms

5Resale of used electronics (approximately 70% of total revenue)

6Trade-in services for consumer electronics (approximately 20% of total revenue)

7Accessories and related products (approximately 10% of total revenue)

8Sustainability and circular economy trends driving demand for second-hand goods

My Notes

"Management noted, 'We are facing significant headwinds in maintaining profitability amidst rising competition.'"

Moat: musicMagpie's technology-driven approach provides a moderate moat, but competition is intensifying.

value - investors may be drawn to the low price-to-sales ratio (0.1x) and potential turnaround opportunities.

Higher interest rates could increase financing costs for inventory purchases and reduce consumer spending on discretionary items…

Watch on earnings: Consumer sentiment index (UMCSENT), Retail sales growth (RSXFS), Inventory turnover ratio.