Ulta Beauty Intrinsic Value Calculator – ULTA BEAUTY Reports Robust Earnings for Q2 of Fiscal Year 2024
August 31, 2023
☀️Earnings Overview
ULTA BEAUTY ($NASDAQ:ULTA)’s financials for Q2 2024, ending July 31 2023, were released on August 24 2023. Total revenue for the quarter was USD 2529.8 million, representing a 10.1% year-on-year increase. Net income rose to USD 300.1 million, representing a 1.5% year-on-year increase.
Stock Price
On Thursday, ULTA BEAUTY reported robust earnings for the second quarter of the fiscal year 2024. The company’s stock opened at $435.8 and closed at $422.7, a decrease of 3.5% from its last closing price of $438.0. ULTA Beauty attributed the strong earnings to their continued strategy of leveraging their loyal customer base, store expansion and a focus on higher margin product categories. Going forward, ULTA Beauty is optimistic about their future prospects, citing the strong consumer demand they are seeing in the beauty market.
The company plans to continue to invest in its store network, digital capabilities, and supply chain infrastructure to further accelerate its growth. With these investments, ULTA Beauty plans to drive further increases in both profitability and sales in the coming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Ulta Beauty. More…
| Total Revenues | Net Income | Net Margin |
| 10.73k | 1.26k | 11.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Ulta Beauty. More…
| Operations | Investing | Financing |
| 1.37k | -399.27 | -1.02k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Ulta Beauty. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 5.25k | 3.2k | 41.59 |
Key Ratios Snapshot
Some of the financial key ratios for Ulta Beauty are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 18.9% | 56.7% | 15.3% |
| FCF Margin | ROE | ROA |
| 9.1% | 50.5% | 19.6% |
Analysis – Ulta Beauty Intrinsic Value Calculator
At GoodWhale, we recently conducted an analysis of ULTA BEAUTY‘s wellbeing. After thorough research, our proprietary Valuation Line calculated the fair value of ULTA BEAUTY share to be around $509.3. However, the stock is currently being traded at $422.7, a fair price undervalued by 17.0%. As such, we believe that buying the stock now would be an excellent decision with huge potential returns. More…
Peers
The beauty industry is a competitive one, with many different companies vying for market share. Ulta Beauty Inc is one of the leading companies in the industry, and it competes with HOUSE OF ROSE Co Ltd, Victoria’s Secret & Co, and AllDay Marts Inc, among others. Each company has its own strengths and weaknesses, and it is up to the consumer to decide which company they want to purchase from.
– HOUSE OF ROSE Co Ltd ($TSE:7506)
HOUSE OF ROSE Co Ltd is a Japanese company that manufactures and sells cosmetics and skincare products. The company has a market capitalization of 7.55 billion as of 2022 and a return on equity of 4.52%. The company’s products are sold in Japan and overseas, and its products are popular among Japanese women. The company’s products include facial cleansers, makeup removers, toners, moisturizers, and sunscreens. The company’s products are known for their quality and efficacy.
– Victoria’s Secret & Co ($NYSE:VSCO)
Victoria’s Secret is an American retailer of lingerie, clothing, and beauty products. It is the largest retailer of lingerie in the United States and has been described as the “leading retailer of lingerie” in the United States. The company’s products are sold through its website, catalogs, and stores.
Victoria’s Secret was founded in 1977 by Roy Raymond, who was unhappy with the options available to him when he tried to purchase lingerie for his wife. The company was acquired by Limited Brands in 2007.
Victoria’s Secret has a market cap of 2.92B as of 2022. The company’s return on equity is 165.61%. Victoria’s Secret is the largest retailer of lingerie in the United States and has been described as the “leading retailer of lingerie” in the United States. The company’s products are sold through its website, catalogs, and stores.
– AllDay Marts Inc ($PSE:ALLDY)
AllDay Marts Inc is a publicly traded company with a market cap of 6.29B as of 2022. The company has a Return on Equity of 3.27%. AllDay Marts Inc is a grocery store chain that operates in the United States. The company was founded in 1967 and is headquartered in California.
Summary
ULTA Beauty‘s second quarter financial results for FY2024 showed strong growth, with total revenue increasing by 10.1% year-over-year to USD 2529.8 million and net income increasing 1.5% year-over-year to USD 300.1 million. Despite these positive numbers, the market responded negatively to the news, with the stock price dropping on the day of the announcement. Investors should consider ULTA Beauty’s growth potential in light of the company’s strong performance in Q2 and its ability to maintain momentum throughout the rest of the year. ULTA Beauty’s impressive revenue and income figures suggest that it could be an attractive investment opportunity for those looking for long-term gains.
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