Professional
Added to YB: 2024-02-07
Pitch date: 2024-02-07
0973.HK [bullish]
L'Occitane International S.A.
+21.22%
current return
Author Info
No bio for this author
Company Info
L'Occitane International S.A., together with its subsidiaries, designs, manufactures, and retails various natural and organic ingredient-based beauty and well-being products in Asia, the Americas, Europe, the Middle East, and Africa.
Market Cap
HKD 5.7B
Pitch Price
HKD 27.80
Price Target
55.60 (+65%)
Dividend
0.78%
EV/EBITDA
13.92
P/E
65.31
EV/Sales
2.79
Sector
Personal Care Products
Category
growth
Butler Hall Capital's open letter to L'Occitane
0973.HK: L'Occitane owns Sol de Janeiro, which alone could be worth the entire company. Sol has similar sales & EBITDA to ELF but L'Occitane trades at half the multiple despite 2x fwd sales growth. Relisting in US & spinning off Sol could double the stock.
Read full article (10 min)