Company Valuation: ELF Beauty

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 1,346 4,389 10,881 3,541 3,579 5,872 - -
Change - 226% 147.93% -67.45% 1.07% 64.06% - -
Enterprise Value (EV) 1 1,400 4,334 11,035 3,649 4,129 6,402 6,242 6,032
Change - 209.65% 154.58% -66.93% 13.14% 55.06% -2.5% -3.36%
P/E 63x 74.2x 88.7x 32.7x 138x 53.2x 43.8x -
PBR 4.21x 10.8x 17x 4.81x 3.17x 4.67x 4x 3.44x
PEG - 0x 0.9x -2.5x -1.8x 0x 2x -
Capitalization / Revenue 3.43x 7.58x 10.6x 2.7x 2.19x 2.98x 2.75x 2.52x
EV / Revenue 3.57x 7.49x 10.8x 2.78x 2.52x 3.25x 2.92x 2.59x
EV / EBITDA 18.7x 37.1x 47x 12.3x 12.3x 15.8x 14.5x 12.9x
EV / EBIT 26.8x 43.1x 55.6x 14.9x 22.9x 20.1x 18.3x 15.6x
EV / FCF 95.3x 43.3x 177x 31.6x 21.7x 27.1x 24.5x -
FCF Yield 1.05% 2.31% 0.57% 3.16% 4.6% 3.69% 4.08% -
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 0.41 1.11 2.21 1.92 0.44 1.87 2.27 -
Distribution rate - - - - - - - -
Net sales 1 392.2 578.8 1,024 1,314 1,636 1,969 2,135 2,332
EBITDA 1 74.69 116.8 234.7 296.8 335.2 404.4 432 466.1
EBIT 1 52.28 100.6 198.3 244.8 180 318.4 340.2 385.6
Net income 1 21.77 61.53 127.7 112.1 26.32 116.6 133.1 188.5
Net Debt 1 53.51 -54.32 153.9 108 549.7 530.1 370.4 160.4
Reference price 2 25.83 82.35 196.03 62.79 60.61 99.51 99.51 99.51
Nbr of stocks (in thousands) 52,121 53,295 55,507 56,399 59,052 59,008 - -
Announcement Date 5/25/22 5/24/23 5/22/24 5/28/25 5/20/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
29.3x4.5x18.6x2.03% 232B
52.11x7.44x28.58x0.3% 45.86B
23.81x4.33x16.84x1.43% 10.16B
31.47x1.59x11.81x1.74% 8.89B
23.96x1.7x10.94x1.14% 6.46B
53.21x3.25x15.83x-.--% 5.87B
24.14x2.44x13.11x2.71% 3.78B
11.86x1.44x8.05x3.42% 3.29B
22.66x3x14.37x3.29% 3.04B
Average 30.28x 3.30x 15.35x 1.78% 35.45B
Weighted average by Cap. 32.50x 4.69x 19.37x 1.74%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield