Added to YB: 2023-11-28
Pitch date: 2023-11-26
0973.HK [bullish]
L'Occitane International S.A.
+70.72%
current return
Author Info
Clark Square Capital is a former equity analyst and now a full-time investor managing their own capital. Sign up for their newsletter
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 19.74
Price Target
40.00 (+19%)
Dividend
0.78%
EV/EBITDA
13.92
P/E
65.31
EV/Sales
2.79
Sector
Personal Care Products
Category
turnaround
L'Occitane International S.A. (HK: 973)
L'Occitane (973 HK): Undervalued French beauty co w/ strong brands. Sol de Janeiro 3-digit growth, 15%+ EBIT margins by FY25, trades 14x FY24 est earnings. Risks: take-under, China. Catalysts: FY25 guide, trading updates, re-listing. PT HKD 40 (2x) on 20x FY25 PE.
Read full article (9 min)