{"id":2771,"date":"2021-08-17T16:02:14","date_gmt":"2021-08-17T14:02:14","guid":{"rendered":"https:\/\/monocle.lu\/?p=2771"},"modified":"2022-05-05T17:07:23","modified_gmt":"2022-05-05T15:07:23","slug":"jeu-dete","status":"publish","type":"post","link":"https:\/\/monocle.lu\/en\/2021\/08\/17\/jeu-dete\/","title":{"rendered":"Summer Game"},"content":{"rendered":"

It's summertime, time to check off crosswords and sudokus on a mattress by the beach. And at Monocle, we want to contribute to the war effort: here's a little valuation quiz to see if you'd make a good investor on Wall Street these days.<\/p>\n

Chewy\u00a0<\/strong>is a company created ten years ago. It's the Amazon of pets: you order kibble, baskets, toys, etc., and it's delivered to your home. On its last results, Chewy is on an annual rhythm of $9.0 Mds of turnover. Of course, it has to pay the manufacturers of these products: about $7.0 Bn for the year. This leaves $2.0 billion in gross margin. Then we have to pay the overheads, advertising etc... And if we finish the year just above zero in net income, it will be good.<\/p>\n

Question 1<\/u><\/strong>\u00a0: How much do you value Chewy?<\/p>\n

    \n
  1. Answer\u00a0A : $ 5.0 Billion<\/li>\n
  2. Answer B : $10.0 Billion<\/li>\n
  3. Answer C : $20.0 Billion<\/li>\n<\/ol>\n

    Shopify\u00a0<\/strong>is a tech company that makes it easy for anyone to start an online business. The service works by subscription, so the indicator to follow is the annual volume of subscriptions. At the end of June, the company posted $95M for the month, which is an annual rate of $1.1 billion.<\/p>\n

    Question 2<\/u><\/strong>\u00a0: How much do you value Shopify?<\/p>\n

      \n
    1. Answer\u00a0A: $ 5.0 Billion<\/li>\n
    2. Answer B : $10.0 Billion<\/li>\n
    3. Answer C : $20.0 Billion<\/li>\n<\/ol>\n

      ************************************************************************************<\/p>\n

      Answers
      \n1\/\u00a0Chewy\u00a0<\/strong>Chewy: neither A, nor B, nor C, we're at $38 Billion (and this after a 4% drop on yesterday's session)
      \n2\/\u00a0Shopify\u00a0<\/strong>: neither A, nor B, nor C, but $190 Bn. No comment.<\/p>\n

      Conclusion: Whether you have a majority of A's, B's or C's, you are well below the current valuation levels. Add a zero and you're fine.<\/p>\n

      All in all, Sudoku is probably a more relaxing exercise...<\/p>\n

      Charles<\/p>","protected":false},"excerpt":{"rendered":"

      Plein \u00e9t\u00e9, c’est l’heure de cocher des mots crois\u00e9s et des sudokus sur un matelas au bord de la plage. Et chez Monocle, nous voulons contribuer \u00e0 l’effort…<\/p>","protected":false},"author":8,"featured_media":2895,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2771","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-le-billet-de-monocle"],"acf":[],"yoast_head":"\nMonocle - Jeu D'\u00e9t\u00e9<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Monocle - Jeu D'\u00e9t\u00e9\" \/>\n<meta property=\"og:description\" content=\"Plein \u00e9t\u00e9, c’est l’heure de cocher des mots crois\u00e9s et des sudokus sur un matelas au bord de la plage. Et chez Monocle, nous voulons contribuer \u00e0 l’effort...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/monocle.lu\/en\/2021\/08\/17\/jeu-dete\/\" \/>\n<meta property=\"og:site_name\" content=\"Monocle\" \/>\n<meta property=\"article:published_time\" content=\"2021-08-17T14:02:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-05-05T15:07:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/monocle.lu\/wp-content\/uploads\/2021\/08\/summer-games-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1444\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"L'\u00e9quipe Monocle\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"L'\u00e9quipe Monocle\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/monocle.lu\\\/2021\\\/08\\\/17\\\/jeu-dete\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/monocle.lu\\\/2021\\\/08\\\/17\\\/jeu-dete\\\/\"},\"author\":{\"name\":\"L'\u00e9quipe Monocle\",\"@id\":\"https:\\\/\\\/monocle.lu\\\/#\\\/schema\\\/person\\\/f095305e6c0f0cb67a0905de33670595\"},\"headline\":\"Jeu D’\u00e9t\u00e9\",\"datePublished\":\"2021-08-17T14:02:14+00:00\",\"dateModified\":\"2022-05-05T15:07:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/monocle.lu\\\/2021\\\/08\\\/17\\\/jeu-dete\\\/\"},\"wordCount\":338,\"publisher\":{\"@id\":\"https:\\\/\\\/monocle.lu\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/monocle.lu\\\/2021\\\/08\\\/17\\\/jeu-dete\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/monocle.lu\\\/wp-content\\\/uploads\\\/2021\\\/08\\\/summer-games-scaled.jpg\",\"articleSection\":[\"Les Billets de Monocle\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/monocle.lu\\\/2021\\\/08\\\/17\\\/jeu-dete\\\/\",\"url\":\"https:\\\/\\\/monocle.lu\\\/2021\\\/08\\\/17\\\/jeu-dete\\\/\",\"name\":\"Monocle - Jeu D'\u00e9t\u00e9\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/monocle.lu\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/monocle.lu\\\/2021\\\/08\\\/17\\\/jeu-dete\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/monocle.lu\\\/2021\\\/08\\\/17\\\/jeu-dete\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/monocle.lu\\\/wp-content\\\/uploads\\\/2021\\\/08\\\/summer-games-scaled.jpg\",\"datePublished\":\"2021-08-17T14:02:14+00:00\",\"dateModified\":\"2022-05-05T15:07:23+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/monocle.lu\\\/2021\\\/08\\\/17\\\/jeu-dete\\\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/monocle.lu\\\/2021\\\/08\\\/17\\\/jeu-dete\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\\\/\\\/monocle.lu\\\/2021\\\/08\\\/17\\\/jeu-dete\\\/#primaryimage\",\"url\":\"https:\\\/\\\/monocle.lu\\\/wp-content\\\/uploads\\\/2021\\\/08\\\/summer-games-scaled.jpg\",\"contentUrl\":\"https:\\\/\\\/monocle.lu\\\/wp-content\\\/uploads\\\/2021\\\/08\\\/summer-games-scaled.jpg\",\"width\":2560,\"height\":1444},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/monocle.lu\\\/2021\\\/08\\\/17\\\/jeu-dete\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Rethink the way you train\",\"item\":\"https:\\\/\\\/monocle.lu\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Jeu D’\u00e9t\u00e9\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/monocle.lu\\\/#website\",\"url\":\"https:\\\/\\\/monocle.lu\\\/\",\"name\":\"Monocle\",\"description\":\"Asset Management\",\"publisher\":{\"@id\":\"https:\\\/\\\/monocle.lu\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/monocle.lu\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/monocle.lu\\\/#organization\",\"name\":\"Monocle\",\"url\":\"https:\\\/\\\/monocle.lu\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\\\/\\\/monocle.lu\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/monocle.lu\\\/wp-content\\\/uploads\\\/2022\\\/03\\\/logo.svg\",\"contentUrl\":\"https:\\\/\\\/monocle.lu\\\/wp-content\\\/uploads\\\/2022\\\/03\\\/logo.svg\",\"width\":152,\"height\":37,\"caption\":\"Monocle\"},\"image\":{\"@id\":\"https:\\\/\\\/monocle.lu\\\/#\\\/schema\\\/logo\\\/image\\\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/monocle.lu\\\/#\\\/schema\\\/person\\\/f095305e6c0f0cb67a0905de33670595\",\"name\":\"L'\u00e9quipe Monocle\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/8f5b1ac2bd644098edce052a3a3d754307488f9a55621278d21120dbcbc7d03f?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/8f5b1ac2bd644098edce052a3a3d754307488f9a55621278d21120dbcbc7d03f?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/8f5b1ac2bd644098edce052a3a3d754307488f9a55621278d21120dbcbc7d03f?s=96&d=mm&r=g\",\"caption\":\"L'\u00e9quipe Monocle\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Monocle - Jeu D'\u00e9t\u00e9","robots":{"index":"noindex","follow":"follow"},"og_locale":"en_GB","og_type":"article","og_title":"Monocle - Jeu D'\u00e9t\u00e9","og_description":"Plein \u00e9t\u00e9, c’est l’heure de cocher des mots crois\u00e9s et des sudokus sur un matelas au bord de la plage. Et chez Monocle, nous voulons contribuer \u00e0 l’effort...","og_url":"https:\/\/monocle.lu\/en\/2021\/08\/17\/jeu-dete\/","og_site_name":"Monocle","article_published_time":"2021-08-17T14:02:14+00:00","article_modified_time":"2022-05-05T15:07:23+00:00","og_image":[{"width":2560,"height":1444,"url":"https:\/\/monocle.lu\/wp-content\/uploads\/2021\/08\/summer-games-scaled.jpg","type":"image\/jpeg"}],"author":"L'\u00e9quipe Monocle","twitter_card":"summary_large_image","twitter_misc":{"Written by":"L'\u00e9quipe Monocle","Estimated reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/monocle.lu\/2021\/08\/17\/jeu-dete\/#article","isPartOf":{"@id":"https:\/\/monocle.lu\/2021\/08\/17\/jeu-dete\/"},"author":{"name":"L'\u00e9quipe Monocle","@id":"https:\/\/monocle.lu\/#\/schema\/person\/f095305e6c0f0cb67a0905de33670595"},"headline":"Jeu D’\u00e9t\u00e9","datePublished":"2021-08-17T14:02:14+00:00","dateModified":"2022-05-05T15:07:23+00:00","mainEntityOfPage":{"@id":"https:\/\/monocle.lu\/2021\/08\/17\/jeu-dete\/"},"wordCount":338,"publisher":{"@id":"https:\/\/monocle.lu\/#organization"},"image":{"@id":"https:\/\/monocle.lu\/2021\/08\/17\/jeu-dete\/#primaryimage"},"thumbnailUrl":"https:\/\/monocle.lu\/wp-content\/uploads\/2021\/08\/summer-games-scaled.jpg","articleSection":["Les Billets de Monocle"],"inLanguage":"en-GB"},{"@type":"WebPage","@id":"https:\/\/monocle.lu\/2021\/08\/17\/jeu-dete\/","url":"https:\/\/monocle.lu\/2021\/08\/17\/jeu-dete\/","name":"Monocle - Jeu D'\u00e9t\u00e9","isPartOf":{"@id":"https:\/\/monocle.lu\/#website"},"primaryImageOfPage":{"@id":"https:\/\/monocle.lu\/2021\/08\/17\/jeu-dete\/#primaryimage"},"image":{"@id":"https:\/\/monocle.lu\/2021\/08\/17\/jeu-dete\/#primaryimage"},"thumbnailUrl":"https:\/\/monocle.lu\/wp-content\/uploads\/2021\/08\/summer-games-scaled.jpg","datePublished":"2021-08-17T14:02:14+00:00","dateModified":"2022-05-05T15:07:23+00:00","breadcrumb":{"@id":"https:\/\/monocle.lu\/2021\/08\/17\/jeu-dete\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/monocle.lu\/2021\/08\/17\/jeu-dete\/"]}]},{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/monocle.lu\/2021\/08\/17\/jeu-dete\/#primaryimage","url":"https:\/\/monocle.lu\/wp-content\/uploads\/2021\/08\/summer-games-scaled.jpg","contentUrl":"https:\/\/monocle.lu\/wp-content\/uploads\/2021\/08\/summer-games-scaled.jpg","width":2560,"height":1444},{"@type":"BreadcrumbList","@id":"https:\/\/monocle.lu\/2021\/08\/17\/jeu-dete\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Rethink the way you train","item":"https:\/\/monocle.lu\/"},{"@type":"ListItem","position":2,"name":"Jeu D’\u00e9t\u00e9"}]},{"@type":"WebSite","@id":"https:\/\/monocle.lu\/#website","url":"https:\/\/monocle.lu\/","name":"Monocle","description":"Asset Management","publisher":{"@id":"https:\/\/monocle.lu\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/monocle.lu\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/monocle.lu\/#organization","name":"Monocle","url":"https:\/\/monocle.lu\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/monocle.lu\/#\/schema\/logo\/image\/","url":"https:\/\/monocle.lu\/wp-content\/uploads\/2022\/03\/logo.svg","contentUrl":"https:\/\/monocle.lu\/wp-content\/uploads\/2022\/03\/logo.svg","width":152,"height":37,"caption":"Monocle"},"image":{"@id":"https:\/\/monocle.lu\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/monocle.lu\/#\/schema\/person\/f095305e6c0f0cb67a0905de33670595","name":"L'\u00e9quipe Monocle","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/secure.gravatar.com\/avatar\/8f5b1ac2bd644098edce052a3a3d754307488f9a55621278d21120dbcbc7d03f?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/8f5b1ac2bd644098edce052a3a3d754307488f9a55621278d21120dbcbc7d03f?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/8f5b1ac2bd644098edce052a3a3d754307488f9a55621278d21120dbcbc7d03f?s=96&d=mm&r=g","caption":"L'\u00e9quipe Monocle"}}]}},"_links":{"self":[{"href":"https:\/\/monocle.lu\/en\/wp-json\/wp\/v2\/posts\/2771","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/monocle.lu\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/monocle.lu\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/monocle.lu\/en\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/monocle.lu\/en\/wp-json\/wp\/v2\/comments?post=2771"}],"version-history":[{"count":0,"href":"https:\/\/monocle.lu\/en\/wp-json\/wp\/v2\/posts\/2771\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/monocle.lu\/en\/wp-json\/wp\/v2\/media\/2895"}],"wp:attachment":[{"href":"https:\/\/monocle.lu\/en\/wp-json\/wp\/v2\/media?parent=2771"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/monocle.lu\/en\/wp-json\/wp\/v2\/categories?post=2771"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/monocle.lu\/en\/wp-json\/wp\/v2\/tags?post=2771"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}