Added to YB: 2024-03-22
Pitch date: 2024-03-09
0973.HK [bullish]
L'Occitane International S.A.
+15.81%
current return
Author Info
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Company Info
L'Occitane International S.A., together with its subsidiaries, engages in the design, manufacture, and retail of various natural and organic ingredient-based beauty and well-being products in Asia pacific, the Americas, Europe, the Middle East, and Africa.
Market Cap
HKD 4.2B
Pitch Price
HKD 29.10
Price Target
50.00 (+48%)
Dividend
N/A
EV/EBITDA
11.30
P/E
61.48
EV/Sales
1.97
Sector
Personal Care Products
Category
growth
The Blazing Sun of January: L'Occitane International S.A. - $0973.HK
0973.HK: L'Occitane's Sol de Janeiro brand is blockbuster, growing 214% organically with best-in-class margins. Implies group undervalued by 95% at €11B EV. Core biz stabilizing, SDJ put option incentivizes mgmt to act. 50 HKD PT in 12-18mo (70%+ upside) via earnings growth & re-rating.
Read full article (10 min)