e.l.f. Beauty Inc Stock Research

Market Summary

USD82.35+3.43

Market Closed

4.35%

ELF Alerts

5 major insider sales recently.
Big jump in Revenue (Y/Y)
Big jump in Earnings (Y/Y)

ELF Stock Price

ELF RSI Chart

ELF Valuation

Market Cap

4.4B

Price/Earnings (Trailing)

93.47

Price/Sales (Trailing)

8.82

EV/EBITDA

55.95

Price/Free Cashflow

55.55

ELF Price/Sales (Trailing)

ELF Profitability

EBT Margin

11.48%

Return on Equity

12.16%

Return on Assets

8.43%

Free Cashflow Yield

1.8%

ELF Fundamentals

ELF Revenue

Revenue (TTM)

496.6M

Revenue Y/Y

49.35%

Revenue Q/Q

19.77%

ELF Earnings

Earnings (TTM)

46.8M

Earnings Y/Y

207.45%

Earnings Q/Q

63.15%

Price Action

52 Week Range

20.4983.94

(Low)(High)

Last 7 days

4.9%

Last 30 days

11%

Last 90 days

48.9%

Trailing 12 Months

218.8%

ELF Financial Health

Current Ratio

Debt/Equity

0.16

Debt/Cashflow

1.3

ELF Investor Care

Shares Dilution (1Y)

2.00%

Diluted EPS (TTM)

0.85

Peers (Alternatives to elf Beauty)

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 elf Beauty

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	10.8%	497	448	418	392	380
Gross Profit	11.7%	329	294	273	252	243
S&GA Expenses	8.1%	267	246	233	222	214
EBITDA	21.3%	78.00	64.00	59.00	31.00	-
EBITDA Margin	9.5%	0.16*	0.14*	0.14*	0.08*	-
Earnings Before Taxes	36.1%	57.00	42.00	35.00	25.00	21.00
EBT Margin	22.9%	0.11*	0.09*	0.08*	0.06*	-
Interest Expenses	4.2%	-2.44	-2.55	-2.36	-2.44	-2.77
Net Income	38.0%	47.00	34.00	28.00	22.00	20.00
Net Income Margin	24.5%	0.09*	0.08*	0.07*	0.06*	-
Free Cahsflow	31.5%	79.00	60.00	40.00	15.00	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	2.5%	556	542	514	495	491
Current Assets	6.3%	263	247	217	193	185
Cash Equivalents	2.0%	87.00	85.00	72.00	43.00	33.00
Inventory	0.0%	81.00	81.00	70.00	84.00	85.00
Net PPE	-2.3%	9.00	9.00	9.00	11.00	12.00
Goodwill	0%	172	172	172	172	172
Liabilities	-7.9%	171	185	180	182	185
Current Liabilities	21.7%	88.00	72.00	62.00	65.00	63.00
Long Term Debt	-29.6%	62.00	88.00	90.00	91.00	92.00
Shareholder's Equity	7.9%	385	357	333	312	305
Retained Earnings	4.2%	-438	-457	-469	-483	-485
Additional Paid-In Capital	1.1%	823	814	802	795	790
Accumulated Depreciation	-	25.00	-	-	-	-
Shares Outstanding	0.5%	53.00	53.00	52.00	52.00	52.00

* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	30.6%	81.00	62.00	43.00	20.00	35.00
Share Based Compensation	8.2%	27.00	25.00	22.00	20.00	19.00
Cashflow From Investing	-0.3%	-1.87	-1.86	-2.72	-4.82	-7.11
Cashflow From Financing	-51.5%	-24.69	-16.30	-31.03	-29.11	-30.79
Buy Backs	-	0.00	-	-	-	-

Risks for ELF

What is the probability of a big loss on ELF?

78.1%

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

65%

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

44.2%

Probability that elf Beauty 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 ELF drawdown profile look like?

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

Drawdowns

Returns for ELF

Cumulative Returns on ELF

33.6%

5-Year Cumulative Returns

103.0%

3-Year Cumulative Returns

What are the long-term rolling returns for ELF?

FIve years rolling returns for elf Beauty.

Annualized Returns

Which funds bought or sold ELF recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-23	MetLife Investment Management, LLC	reduced	-2.65	428,522	1,422,590	0.01%
2023-03-17	American Portfolios Advisors	added	14.55	39,501	137,125	0.01%
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	reduced	-61.14	-10,948,400	14,588,600	0.02%
2023-03-06	Rockefeller Capital Management L.P.	added	2.35	17,000	52,000	-%
2023-02-28	Voya Investment Management LLC	unchanged	-	630,228	1,970,230	-%
2023-02-27	Parallax Volatility Advisers, L.P.	new	-	7,410	7,410	-%
2023-02-22	TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY	added	33.94	416,000	845,000	0.01%
2023-02-21	MACQUARIE GROUP LTD	reduced	-9.58	2,290,000	9,250,000	0.01%
2023-02-16	CHARTWELL INVESTMENT PARTNERS, LLC	new	-	1,224,000	1,224,000	0.05%
2023-02-16	HARBOUR INVESTMENTS, INC.	new	-	8,572	8,572	-%

Latest Funds Activity

Are funds buying ELF calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own ELF

No. of Funds

elf Beauty News

Schedule 13G FIlings of elf Beauty

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2023	amin tarang	7.%	4,113,014	SC 13G/A
Feb 13, 2023	champlain investment partners, llc	1.04%	550,670	SC 13G/A
Feb 09, 2023	vanguard group inc	12.15%	6,430,052	SC 13G/A
Feb 06, 2023	victory capital management inc	50%	263,808	SC 13G/A
Jan 26, 2023	blackrock inc.	16.2%	8,562,224	SC 13G/A
Jan 20, 2023	blackrock inc.	16.2%	8,562,224	SC 13G/A
Feb 11, 2022	champlain investment partners, llc	5.91%	3,076,950	SC 13G/A
Feb 02, 2022	victory capital management inc	5.13%	2,670,190	SC 13G/A
Jan 27, 2022	blackrock inc.	13.9%	7,219,446	SC 13G/A
Jan 25, 2022	blackrock inc.	13.9%	7,219,446	SC 13G/A

ELF Fair Value

elf Beauty fair value in different scenarios

The table shows the Fair Value estimates for elf Beauty 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	8.03 -90.25%	10.54 -87.20%	15.35 -81.36%	23.06 -72.00%	27.16 -67.02%
Current Inflation	7.59 -90.78%	9.78 -88.12%	13.92 -83.10%	20.50 -75.11%	23.98 -70.88%
Very High Inflation	7.04 -91.45%	8.83 -89.28%	12.20 -85.19%	17.49 -78.76%	20.27 -75.39%

Historical elf Beauty Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of elf Beauty

View All Filings

Date Filed	Form Type	Document
Mar 15, 2023	4	Insider Trading
Mar 13, 2023	144	Notice of Insider Sale Intent
Mar 08, 2023	4	Insider Trading
Mar 08, 2023	4	Insider Trading
Mar 06, 2023	144	Notice of Insider Sale Intent
Mar 06, 2023	4	Insider Trading
Mar 06, 2023	4	Insider Trading
Mar 06, 2023	4	Insider Trading
Mar 01, 2023	4	Insider Trading
Feb 23, 2023	4	Insider Trading

Latest Insider Trading transactions for ELF

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-03-13	MARCHISOTTO KORY	sold	-2,009,170	69.8236	-28,775	see remarks
2023-03-13	MARCHISOTTO KORY	acquired	228,761	7.95	28,775	see remarks
2023-03-06	AMIN TARANG	sold	-5,051,210	72.4676	-69,703	chief executive officer
2023-03-06	Franks Joshua Allen	sold	-522,982	72.8387	-7,180	svp, operations
2023-03-06	AMIN TARANG	acquired	73,121	1.84	39,740	chief executive officer
2023-03-06	AMIN TARANG	sold	-1,208,220	72.4701	-16,672	chief executive officer
2023-03-03	Milsten Scott	sold	-1,866,010	74.9914	-24,883	-
2023-03-03	Milsten Scott	acquired	11,040	1.84	6,000	-
2023-03-02	MARCHISOTTO KORY	sold	-1,130,110	72.84	-15,515	see remarks
2023-03-02	Milsten Scott	sold	-1,144,100	72.84	-15,707	-

About elf Beauty

Tarang P. Amin

www.elfcosmetics.com

270

e.l.f. Beauty, Inc., together with its subsidiaries, provides cosmetic and skin care products under the e.l.f., W3LL PEOPLE, and Keys Soulcare brand names worldwide. The company offers eye, lip, face, and skin care products. It sells its products through national and international retailers and direct-to-consumer channels, which include e-commerce platforms in the United States; and internationally primarily through distributors. The company was formerly known as J.A. Cosmetics Holdings, Inc. and changed its name to e.l.f. Beauty, Inc. in April 2016. e.l.f. Beauty, Inc. was founded in 2004 and is headquartered in Oakland, California.

ELF Income Statement

2022-12-31

Condensed consolidated statements of operations and comprehensive income (unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Income Statement [Abstract]
Net sales	$ 146,537	$ 98,118	$ 391,487	$ 287,020
Cost of sales	47,812	33,777	130,217	102,788
Gross profit	98,725	64,341	261,270	184,232
Selling, general and administrative expenses	75,434	55,384	201,172	156,580
Restructuring (income) expense	0	(14)	0	68
Operating income	23,291	8,971	60,098	27,584
Other income and expenses, net	730	(146)	(2,195)	(954)
Interest expense, net	(463)	(570)	(1,912)	(1,912)
Loss on extinguishment of debt	(176)	0	(176)	(460)
Income before provision for income taxes	23,382	8,255	55,815	24,258
Income tax provision	(4,277)	(2,041)	(10,531)	(4,044)
Net income	19,105	6,214	45,284	20,214
Comprehensive income	$ 19,105	$ 6,214	$ 45,284	$ 20,214
Net income per share:
Basic (in USD per share)	$ 0.36	$ 0.12	$ 0.87	$ 0.40
Diluted (in USD per share)	$ 0.34	$ 0.12	$ 0.82	$ 0.38
Weighted average shares outstanding:
Basic (in shares)	52,707,406	51,072,639	52,239,761	50,831,985
Diluted (in shares)	55,840,137	53,891,438	54,906,065	53,614,910

ELF Balance Sheet

2022-12-31

Condensed consolidated balance sheets (unaudited) - USD ($) $ in Thousands	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 87,021	$ 43,353	$ 32,889
Accounts receivable, net	66,237	45,567	47,180
Inventory, net	81,250	84,498	85,248
Prepaid expenses and other current assets	28,382	19,611	19,808
Total current assets	262,890	193,029	185,125
Property and equipment, net	8,726	10,577	12,231
Intangible assets, net	80,071	86,163	88,194
Goodwill	171,620	171,620	171,620
Investments	2,875	2,875	2,875
Other assets	29,743	30,368	30,905
Total assets	555,925	494,632	490,950
Current liabilities:
Current portion of long-term debt and finance lease obligations	5,690	5,786	5,780
Accounts payable	32,049	19,227	22,756
Accrued expenses and other current liabilities	49,798	40,004	33,977
Total current liabilities	87,537	65,017	62,513
Long-term debt and finance lease obligations	62,177	91,080	92,474
Deferred tax liabilities	7,783	9,593	13,078
Long-term operating lease obligations	12,329	15,744	16,659
Other long-term liabilities	795	769	758
Total liabilities	170,621	182,203	185,482
Commitments and contingencies (Note 7)
Stockholders' equity:
Common stock, par value of $0.01 per share; 250,000,000 shares authorized as of December 31, 2022, March 31, 2022 and December 31, 2021; 53,165,462, 52,243,764 and 52,120,683 shares issued and outstanding as of December 31, 2022, March 31, 2022 and December 31, 2021, respectively	528	515	512
Additional paid-in capital	823,021	795,443	790,041
Accumulated deficit	(438,245)	(483,529)	(485,085)
Total stockholders' equity	385,304	312,429	305,468
Total liabilities and stockholders' equity	$ 555,925	$ 494,632	$ 490,950