Professional
Added to YB: 2024-03-13
Pitch date: 2024-03-12
EL [bullish]
The Estée Lauder Companies Inc.
-31.86%
current return
Author Info
No bio for this author
Company Info
The Estée Lauder Companies Inc. manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide.
Market Cap
$37.9B
Pitch Price
$148.26
Price Target
210.00 (+102%)
Dividend
1.33%
EV/EBITDA
15.74
P/E
-40.64
EV/Sales
3.12
Sector
Personal Care Products
Category
growth
The Estée Lauder Companies Inc.: Temporary Travel Retail Woes Should Not Derail Estee Lauder’s Long-Term Beauty Prospects
$EL: Estée Lauder set for long-term success; wide economic moat, solid in Asia with 50% premium beauty spending. Q2 FY24 sales -7%, profits +3% beating est. Growth in Asia, digital/retail channels key. Risks: cyclicity, cosmetics weakness, travel retail uncertainty. Raised FV to $210. Dan Su, CFA notes strong scale, brand equity, innovation focus; Med Uncertainty, Standard Allocation Rating. Benefits from premiumization, skin care dominance, and strategic acquisitions like Tom Ford; exposure to global volatility, trade policies.
Read full article (13 min)