Inditex: Compounders Don't Come Cheap

JP Research
5.35K Followers

Summary

  • Inditex has done a lot right through a challenging operating environment.
  • Management’s Q2 preview indicates the company may be on track for another strong quarter.
  • While the stock has re-rated accordingly, I wouldn’t bet against Inditex growing into its valuation over time.

Shop window of Zara fashion store on Preciados Street in Madrid

JJFarquitectos/iStock Editorial via Getty Images

Inditex (OTCPK:IDEXY) has been on a tear this year, underpinned by its structural advantages in omnichannel and speed to market, both of which have allowed for growth through a challenging macro backdrop. Despite my

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