Coty Inc Stock Research

Market Summary

USD12.06+0.11

Market Closed

0.92%

COTY Stock Price

COTY RSI Chart

COTY Valuation

Market Cap

10.3B

Price/Earnings (Trailing)

73.97

Price/Sales (Trailing)

1.95

EV/EBITDA

29.37

Price/Free Cashflow

16.13

COTY Price/Sales (Trailing)

COTY Profitability

EBT Margin

4.91%

Return on Equity

3.94%

Return on Assets

1.12%

Free Cashflow Yield

6.2%

COTY Fundamentals

COTY Revenue

Revenue (TTM)

5.3B

Revenue Y/Y

-3.46%

Revenue Q/Q

9.61%

COTY Earnings

Earnings (TTM)

139.0M

Earnings Y/Y

-8.84%

Earnings Q/Q

85.3%

Price Action

52 Week Range

5.9012.16

(Low)(High)

Last 7 days

4.0%

Last 30 days

6.6%

Last 90 days

40.9%

Trailing 12 Months

34.2%

COTY Financial Health

Current Ratio

0.65

Debt/Equity

1.22

Debt/Cashflow

0.15

COTY Investor Care

Shares Dilution (1Y)

2.82%

Diluted EPS (TTM)

0.14

Peers (Alternatives to Coty)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
PG	352.4B	80.3B	8.01%	-0.81%	24.68	4.39	2.47%	-1.59%
EL	88.2B	16.4B	0.26%	-9.27%	58.38	5.39	-7.75%	-53.65%
CL	62.8B	18.0B	3.58%	0.95%	35.16	3.49	3.13%	-17.59%
CLX	19.5B	7.1B	2.29%	16.61%	44.92	2.77	-0.21%	76.11%
CHD	18.6B	5.4B	6.35%	-10.21%	25.18	3.49	3.57%	-49.98%
MID-CAP
COTY	10.3B	5.3B	6.63%	34.15%	73.97	1.95	4.52%	-56.15%
IPAR	4.5B	1.1B	8.30%	62.75%	37.6	4.18	23.55%	38.36%
ELF	4.4B	496.6M	11.00%	218.82%	93.47	8.82	30.80%	132.00%
EPC	2.2B	2.2B	-0.47%	15.68%	22.02	1	3.72%	-10.14%
SMALL-CAP
USNA	1.2B	998.6M	1.73%	-20.83%	17.42	1.21	-15.83%	-40.47%
MED	1.1B	1.6B	-6.05%	-38.77%	7.85	0.71	4.75%	-12.48%
REV	214.9M	-	-40.09%	-62.17%	-0.3	0.1	-	-56.86%
UG	43.2M	13.6M	-11.57%	-56.65%	14.36	3.18	7.56%	-27.60%
MTEX	32.1M	142.4M	2.68%	-52.10%	6.96	0.23	-10.68%	-42.26%

Financials for Coty

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	-1.0%	5,268	5,323	5,304	5,199	5,040
Gross Profit	-0.6%	3,372	3,391	3,369	3,288	3,161
S&GA Expenses	1.3%	2,811	2,776	2,881	2,747	2,634
R&D Expenses	-	97.00	-	-	-	-
EBITDA	-10.2%	487	543	719	680	-
EBITDA Margin	-9.2%	0.09*	0.10*	0.14*	0.13*	-
Earnings Before Taxes	-10.1%	258	288	427	639	595
EBT Margin	-9.2%	0.05*	0.05*	0.08*	0.12*	-
Interest Expenses	0.0%	-230	-230	-224	-247	-234
Net Income	-14.3%	139	162	260	355	317
Net Income Margin	-13.4%	0.03*	0.03*	0.05*	0.07*	-
Free Cahsflow	5.5%	637	604	727	792	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	4.2%	12,455	11,948	12,116	13,269	13,434
Current Assets	4.2%	1,906	1,830	1,682	2,204	2,178
Cash Equivalents	30.2%	281	216	233	669	563
Inventory	6.2%	718	676	662	643	589
Net PPE	3.0%	689	669	716	740	773
Goodwill	3.3%	3,920	3,796	3,915	4,025	3,991
Liabilities	0.3%	8,521	8,493	8,558	9,262	9,539
Current Liabilities	11.7%	2,916	2,611	2,566	3,196	2,902
. Short Term Borrowings	NaN%	-	-	5.00	-	-
Long Term Debt	-2.2%	4,313	4,409	4,317	4,879	-
LT Debt, Non Current	-6.9%	4,014	4,313	4,409	4,317	4,879
Shareholder's Equity	8.9%	3,531	3,243	3,155	3,599	3,669
Retained Earnings	4.4%	-5,129	-5,367	-5,496	-5,214	-5,268
Additional Paid-In Capital	0.2%	10,866	10,841	10,806	10,771	10,737
Shares Outstanding	0.4%	853	849	839	839	829
Minority Interest	-0.6%	190	191	191	194	197
Float	-	3,900	-	-	-	-

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	5.5%	637	604	727	792	581
Share Based Compensation	5.6%	125	118	196	165	143
Cashflow From Investing	-37.4%	150	240	270	251	-197
Cashflow From Financing	-2.4%	-1,023	-999	-1,034	-695	-409
Dividend Payments	-7100.0%	-56.00	1.00	2.00	67.00	-

Risks for COTY

What is the probability of a big loss on COTY?

100%

Probability that Coty stock will be more than 20% underwater in next one year

85.4%

Probability that Coty stock will be more than 30% underwater in next one year.

62.3%

Probability that Coty stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does COTY drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Coty was unfortunately bought at previous high price.

Drawdowns

Returns for COTY

Cumulative Returns on COTY

-9.8%

7-Year Cumulative Returns

-6.1%

5-Year Cumulative Returns

32.7%

3-Year Cumulative Returns

What are the long-term rolling returns for COTY?

FIve years rolling returns for Coty.

Annualized Returns

Which funds bought or sold COTY recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-27	Neo Ivy Capital Management	new	-	635,000	635,000	0.43%
2023-03-23	MetLife Investment Management, LLC	reduced	-0.69	504,823	1,967,620	0.02%
2023-03-23	ETF MANAGERS GROUP, LLC	sold off	-100	-479,000	-	-%
2023-03-17	American Portfolios Advisors	unchanged	-	-1,014	3,792	-%
2023-03-10	MATHER GROUP, LLC.	reduced	-4.75	25,267	114,267	-%
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	added	14.22	16,514,700	46,701,700	0.05%
2023-03-06	Rockefeller Capital Management L.P.	reduced	-74.02	-25,000	14,000	-%
2023-02-28	Voya Investment Management LLC	reduced	-43.42	-125,794	412,206	-%
2023-02-22	CVA Family Office, LLC	new	-	4,152	4,152	-%
2023-02-22	TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY	unchanged	-	116,000	446,000	-%

Latest Funds Activity

Are funds buying COTY calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own COTY

No. of Funds

Coty News

Schedule 13G FIlings of Coty

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2023	melvin capital management lp	0%	0	SC 13G/A
Feb 10, 2023	cottage holdco b.v.	53.2%	453,853,684	SC 13D/A
Feb 03, 2023	blackrock inc.	6.3%	53,612,314	SC 13G
Feb 14, 2022	melvin capital management lp	6.0%	48,700,000	SC 13G/A
Nov 10, 2021	melvin capital management lp	5.0%	41,240,000	SC 13G
Nov 08, 2021	kkr rainbow aggregator l.p.	2.4%	19,746,633	SC 13D/A
Oct 29, 2021	cottage holdco b.v.	55.6%	453,853,684	SC 13D/A
Oct 01, 2021	kkr rainbow aggregator l.p.	5.2%	44,535,574	SC 13D/A
Sep 10, 2021	kkr rainbow aggregator l.p.	10.9%	99,584,349	SC 13D/A
Aug 27, 2021	kkr rainbow aggregator l.p.	16.3%	149,116,978	SC 13D/A

COTY Fair Value

Coty fair value in different scenarios

The table shows the Fair Value estimates for Coty for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	1.45 -87.98%	1.77 -85.32%	2.18 -81.92%	2.79 -76.87%	3.30 -72.64%
Current Inflation	1.43 -88.14%	1.72 -85.74%	2.06 -82.92%	2.59 -78.52%	3.03 -74.88%
Very High Inflation	1.39 -88.47%	1.66 -86.24%	1.93 -84.00%	2.35 -80.51%	2.72 -77.45%

Historical Coty Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of Coty

View All Filings

Date Filed	Form Type	Document
Mar 14, 2023	4	Insider Trading
Mar 10, 2023	8-K	Current Report
Feb 14, 2023	SC 13G/A	Major Ownership Report
Feb 10, 2023	SC 13D/A	13D - Major Acquisition
Feb 08, 2023	8-K	Current Report
Feb 08, 2023	10-Q	Quarterly Report
Feb 03, 2023	SC 13G	Major Ownership Report
Jan 12, 2023	3	Insider Trading
Jan 06, 2023	8-K	Current Report

Latest Insider Trading transactions for COTY

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2022-11-15	Goudet Olivier	acquired	-	-	10,000	-
2022-11-15	HARF PETER	acquired	-	-	10,000	-
2022-11-15	Goudet Olivier	bought	760,980	7.6098	100,000	-
2022-11-15	Schoewel Erhard	acquired	-	-	10,000	-
2022-11-15	Singer Robert S	acquired	-	-	10,000	-
2022-11-14	Goudet Olivier	bought	755,970	7.5597	100,000	-
2022-11-10	Goudet Olivier	bought	734,760	7.3476	100,000	-
2022-10-19	Mercier Laurent	acquired	-	-	93,545	chief financial officer
2022-10-19	Blazewicz Kristin	acquired	-	-	390,361	chief legal officer
2022-10-19	von Bayern Anna	acquired	-	-	390,361	chief corp. affairs officer

About Coty

Sue Y. Nabi

www.coty.com

11400

Coty Inc., together with its subsidiaries, engages in the manufacture, marketing, distribution, and sale of beauty products worldwide. The company provides prestige fragrances, skin care, and color cosmetics products through prestige retailers, including perfumeries, department stores, e-retailers, direct-to-consumer websites, and duty-free shops under the Alexander McQueen, Burberry, Bottega Veneta, Calvin Klein, Cavalli, Chloe, Davidoff, Escada, Gucci, Hugo Boss, Jil Sander, Joop!, Kylie Jenner, Lacoste, Lancaster, Marc Jacobs, Miu Miu, Nikos, philosophy, Kim Kardashian West, and Tiffany & Co. brands. It also offers mass color cosmetics, fragrance, skin care, and body care products primarily through hypermarkets, supermarkets, drug stores, pharmacies, mid-tier department stores, traditional food and drug retailers, and e-commerce retailers under the Adidas, Beckham, Biocolor, Bozzano, Bourjois, Bruno Banani, CoverGirl, Jovan, Max Factor, Mexx, Monange, Nautica, Paixao, Rimmel, Risque, Sally Hansen, Stetson, and 007 James Bond brands. Coty Inc. also sells its products through third-party distributors to approximately 150 countries and territories. The company was founded in 1904 and is based in New York, New York. Coty Inc. is a subsidiary of Cottage Holdco B.V.

COTY Income Statement

2022-09-30

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Income Statement [Abstract]
Net revenues	$ 1,390.0	$ 1,371.7
Cost of sales	501.3	504.8
Gross profit	888.7	866.9
Selling, general and administrative expenses	670.7	776.3
Amortization expense	47.3	57.0
Restructuring costs	(1.2)	12.4
Acquisition- and divestiture-related costs	0.0	4.0
Operating income	171.9	17.2
Interest expense, net	65.9	59.8
Other income, net	(98.2)	(386.1)
Income from continuing operations before income taxes	204.2	343.5
Provision for income taxes on continuing operations	69.7	114.6
Net income from continuing operations	134.5	228.9
Net income	134.5	228.9
Net income (loss) attributable to noncontrolling interests	0.0	(0.5)
Net income attributable to redeemable noncontrolling interests	5.9	3.4
Net income attributable to Coty Inc.	128.6	226.0
Amounts attributable to Coty Inc.
Net income from continuing operations	128.6	226.0
Convertible Series B Preferred Stock dividends	(3.3)	(123.0)
Net income from continuing operations attributable to common stockholders	125.3	103.0
Net income attributable to common stockholders	125.3	103.0
Net income attributable to common stockholders	$ 125.3	$ 103.0
Earnings per common share:
Earnings from continuing operations per common share - basic (in dollars per share)	$ 0.15	$ 0.13
Earnings from continuing operations per common share - diluted (in dollars per share)	0.15	0.13
Earnings per common share - basic (in dollars per share)	0.15	0.13
Earnings per common share - diluted (in dollars per share)	$ 0.15	$ 0.13
Weighted-average common shares outstanding:
Basic (in shares)	842.0	777.6
Diluted (in shares)	882.2	787.7

COTY Balance Sheet

2022-09-30

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Sep. 30, 2022	Jun. 30, 2022
Current assets:
Cash and cash equivalents	$ 215.7	$ 233.3
Restricted cash	35.4	30.5
Trade receivables—less allowances of $43.0 and $53.4, respectively	483.0	364.6
Inventories	676.4	661.5
Prepaid expenses and other current assets	419.5	392.0
Total current assets	1,830.0	1,681.9
Property and equipment, net	668.6	715.5
Goodwill	3,796.4	3,914.7
Other intangible assets, net	3,714.6	3,902.8
Equity investments	976.7	842.6
Operating lease right-of-use assets	299.6	320.9
Deferred income taxes	580.7	651.8
Other noncurrent assets	81.3	85.9
TOTAL ASSETS	11,947.9	12,116.1
Current liabilities:
Accounts payable	1,229.7	1,268.3
Accrued expenses and other current liabilities	1,181.0	1,097.1
Short-term debt and current portion of long-term debt	32.7	23.0
Current operating lease liabilities	59.2	67.8
Income and other taxes payable	108.0	109.4
Total current liabilities	2,610.6	2,565.6
Long-term debt, net	4,312.8	4,409.1
Long-term operating lease liabilities	265.0	282.2
Pension and other post-employment benefits	276.7	292.2
Deferred income taxes	677.6	669.0
Other noncurrent liabilities	350.4	340.0
Total liabilities	8,493.1	8,558.1
COMMITMENTS AND CONTINGENCIES (See Note 18)
CONVERTIBLE SERIES B PREFERRED STOCK, $0.01 par value; 1.0 shares authorized; 0.1 and 0.1 issued and 0.1 and 0.1 and outstanding, respectively, at September 30, 2022 and June 30, 2022	142.4	142.4
REDEEMABLE NONCONTROLLING INTERESTS	69.3	69.8
EQUITY:
Preferred Stock, $0.01 par value; 20.0 shares authorized, 1.5 issued and outstanding at September 30, 2022 and June 30, 2022	0.0	0.0
Class A Common Stock, $0.01 par value; 1,250.0 shares authorized, 915.7 and 905.5 issued and 849.3 and 839.2 outstanding, respectively, at September 30, 2022 and June 30, 2022	9.0	9.0
Additional paid-in capital	10,840.7	10,805.8
Accumulated deficit	(5,367.5)	(5,496.1)
Accumulated other comprehensive loss	(984.1)	(717.9)
Treasury stock—at cost, shares: 66.4 and 66.3, respectively, at September 30, 2022 and June 30, 2022	(1,446.3)	(1,446.3)
Total Coty Inc. stockholders’ equity	3,051.8	3,154.5
Noncontrolling interests	191.3	191.3
Total equity	3,243.1	3,345.8
TOTAL LIABILITIES, MEZZANINE EQUITY AND STOCKHOLDERS’ EQUITY	$ 11,947.9	$ 12,116.1