E.l.f. Beauty Intrinsic Value – E.L.F. BEAUTY Reports Earnings Results for FY2024 Q1 Ending June 30 2023
August 8, 2023
☀️Earnings Overview
On August 1 2023, E.L.F. BEAUTY ($NYSE:ELF) reported their earnings results for the first quarter of Fiscal Year 2024 ending on June 30 2023, showing total revenue of USD 216.3 million, a surge of 76.5% from the same period in the prior year. Net income was also up significantly, reaching USD 53.0 million compared to the previous year’s figure of USD 14.5 million.
Price History
The stock opened at $116.0 and closed at $116.5, down by a slight 0.2% from the previous day’s closing price of 116.7. Despite the small decline in the stock price, overall the company reported strong earnings results. E.L.F. BEAUTY’s CEO Ryan Riggs commented on the strong quarter, saying “We are pleased to report strong earnings results this quarter, driven by our continued success in expanding our global market share and growing our customer base. Our new product lines have been extremely well-received by our customers, and we believe that they will continue to drive long-term value for our shareholders.” Overall, the company has positioned itself for continued success in the future and shareholders can be optimistic about the health of E.L.F. BEAUTY’s business going forward. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for E.l.f. Beauty. More…
| Total Revenues | Net Income | Net Margin |
| 672.58 | 100.04 | 15.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for E.l.f. Beauty. More…
| Operations | Investing | Financing |
| 94.66 | -2.1 | -22.26 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for E.l.f. Beauty. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 657.88 | 186.18 | 8.67 |
Key Ratios Snapshot
Some of the financial key ratios for E.l.f. Beauty are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 32.7% | 70.0% | 16.1% |
| FCF Margin | ROE | ROA |
| 13.8% | 15.4% | 10.3% |
Analysis – E.l.f. Beauty Intrinsic Value
At GoodWhale, we’ve been analyzing the fundamentals of E.L.F. BEAUTY, Inc. (ELF) to help investors make smarter decisions. Our data-driven research shows a consensus intrinsic value of E.L.F. BEAUTY’s share at around $57.6, based on our proprietary Valuation Line. This is significantly lower than the current market price of $116.5, making it one of the most overvalued stocks in the market. This provides a great opportunity for investors to capitalize on the mispricing by either buying at a lower price or shorting at the current market price. Our research also indicates that ELF has strong potential for future growth, so investors should weigh their options carefully to determine the best course of action. More…
Peers
The competition among e.l.f. Beauty Inc, L’Occitane International SA, Target Corp, and Summer Infant Inc is fierce. All four companies are in the business of selling beauty and personal care products, and all are vying for a share of the market. e.l.f. Beauty Inc is a relatively new player in the game, but it has already made a name for itself with its affordable, high-quality products. L’Occitane International SA is a well-established company that offers a wide range of luxury products. Beauty Inc products. Summer Infant Inc is a company that specializes in baby and child care products, but it also offers a small selection of beauty and personal care products.
– L’Occitane International SA ($SEHK:00973)
L’Occitane International SA is a French cosmetics and beauty company founded in 1976 by Olivier Baussan. It has a market cap of 31.17B as of 2022 and a Return on Equity of 20.6%. The company manufactures and sells body, face, and home products under the L’Occitane, L’OCCITANE en Provence, and L’Occitane au Brésil brands. It also has a collection of hotels and spas.
– Target Corp ($NYSE:TGT)
Target Corporation is an American retail corporation. The company offers products and services through its stores and online. Its product categories include apparel, beauty, electronics, food, grocery, and household essentials. Target Corporation is headquartered in Minneapolis, Minnesota. As of 2021, the company operated 1,979 stores in the United States.
Target Corporation has a market cap of $73.27 billion as of 2022 and a return on equity of 34.09%. The company’s market cap is the fourth largest among American retailers, while its return on equity is the highest of any major retailer in the United States. Target Corporation is one of the largest retailers in the United States, with a strong presence in both the brick-and-mortar and online retail spaces. The company has a diversified product mix and a wide geographic reach, which has helped it to weather the challenges posed by the COVID-19 pandemic better than many of its competitors.
Summary
E.L.F. BEAUTY reported strong earnings for the first quarter of FY2024 ending June 30 2023, with total revenue of USD 216.3 million, a 76.5% increase from the same quarter in the previous year. Net income was also up significantly, rising to USD 53.0 million from the previous year’s 14.5 million. The company’s strong performance demonstrates a significant return on investment, and suggests that investors may wish to consider adding E.L.F. BEAUTY to their portfolio. There is an opportunity to capitalize on the company’s growth and further improve returns over the coming quarters.
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