GOLDIAM

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Goldiam International Limited

Consumer DurablesGems, Jewellery And WatchesSmall capModerate edge

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The storyLGD B2C retail

The LGD-led pivot underpins the story, with 90% of exports now lab-grown and ORIGEM scaling to 24 stores.

Overall read

7.2/10

Aligned & cheap

The three reads · this quarter

The standing reads · change less often

Moat

Moderate edge

Vertically-integrated LGD supply chain and US tariff-agnostic model create a narrow moat.

Key variables

4 tracked

lead: Inventory with customers (%)

Consistent high share (65-73%) indicates the consignment model is stable; slight decline in latter periods may reflect increased inventory for ORIGEM and factory buildup.

Walk the talk

Not enough tracked guidance to grade yet.

GOLDIAM

Track this name

Goldiam International Limited

Consumer DurablesGems, Jewellery And WatchesSmall cap

Track this name

The storyLGD B2C retail

The LGD-led pivot underpins the story, with 90% of exports now lab-grown and ORIGEM scaling to 24 stores.

Overall read

7.2/10

Aligned & cheap

The three reads · this quarter

GOLDIAM

Track this name

Goldiam International Limited

Consumer DurablesGems, Jewellery And WatchesSmall capModerate edge

Track this name

The storyLGD B2C retail

The LGD-led pivot underpins the story, with 90% of exports now lab-grown and ORIGEM scaling to 24 stores.

Overall read

7.2/10

Aligned & cheap

Where it sits

#10/146TOP 7%

Where it sits

The three reads · this quarter

Moat

Moderate edge

Vertically-integrated LGD supply chain and US tariff-agnostic model create a narrow moat.

Key variables

4 tracked

lead: Inventory with customers (%)

Consistent high share (65-73%) indicates the consignment model is stable; slight decline in latter periods may reflect increased inventory for ORIGEM and factory buildup.

Walk the talk

Not enough tracked guidance to grade yet.

Growth readStrongbase 25-30% · Rank 29/100

ORIGEM store expansion to 45-50 stores by FY27 exit, driving B2C revenue growth.

bear <20%base 25-30%bull >30%

7.1CHEAP

Valuation readUndervaluedpriced 2 days ago

In line with its own history, and the price assumes less growth than even our downside case.

P/E vs own history · in-lineEV/EBITDA vs own history · in-line