OLAPLEX HOLDINGS, INC. Stock Research

Market Summary

USD3.96-0.05

Market Closed

-1.25%

OLPX Alerts

Big fall in Revenue (Y/Y)
Big fall in earnings (Y/Y)

OLPX Stock Price

OLPX RSI Chart

OLPX Valuation

Market Cap

2.6B

Price/Earnings (Trailing)

10.55

Price/Sales (Trailing)

3.66

EV/EBITDA

8.4

Price/Free Cashflow

10.11

OLPX Price/Sales (Trailing)

OLPX Profitability

EBT Margin

43.34%

Return on Equity

31.25%

Return on Assets

14.38%

Free Cashflow Yield

9.89%

OLPX Fundamentals

OLPX Revenue

Revenue (TTM)

704.3M

Revenue Y/Y

-21.49%

Revenue Q/Q

-25.92%

OLPX Earnings

Earnings (TTM)

244.1M

Earnings Y/Y

-51.48%

Earnings Q/Q

-44.65%

Price Action

52 Week Range

3.7418.23

(Low)(High)

Last 7 days

-5.0%

Last 30 days

-39.4%

Last 90 days

-27.0%

Trailing 12 Months

-72.8%

OLPX Financial Health

Current Ratio

9.48

Debt/Equity

0.85

Debt/Cashflow

0.39

OLPX Investor Care

Shares Dilution (1Y)

0.20%

Diluted EPS (TTM)

0.35

Financials for OLAPLEX HOLDINGS

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	-4.8%	704	740	725	666	598
Gross Profit	-7.2%	520	560	557	521	474
Operating Expenses	7.8%	155	144	143	151	140
S&GA Expenses	10.8%	114	103	102	110	99.00
EBITDA	-12.5%	347	396	397	354	-
EBITDA Margin	-8.1%	0.49*	0.54*	0.55*	0.53*	-
Earnings Before Taxes	-12.9%	305	350	346	297	276
EBT Margin	-8.5%	0.43*	0.47*	0.48*	0.45*	-
Interest Expenses	-10.0%	41.00	46.00	50.00	57.00	61.00
Net Income	-12.8%	244	280	276	237	221
Net Income Margin	-8.3%	0.35*	0.38*	0.38*	0.36*	-
Free Cahsflow	1.3%	255	251	252	230	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	0.1%	1,698	1,697	1,632	1,555	1,560
Current Assets	5.0%	522	497	425	338	335
Cash Equivalents	29.4%	323	249	198	143	186
Inventory	-4.5%	144	151	140	117	98.00
Net PPE	68.4%	1.00	1.00	1.00	1.00	1.00
Goodwill	0%	168	168	168	168	168
Liabilities	-3.8%	917	953	952	966	1,036
Current Liabilities	-37.8%	55.00	89.00	87.00	82.00	73.00
Long Term Debt	-0.2%	662	664	758	-	-
LT Debt, Current	25.0%	8.00	7.00	7.00	7.00	20.00
LT Debt, Non Current	-0.2%	654	656	657	658	738
Shareholder's Equity	5.0%	781	744	679	589	524
Retained Earnings	7.8%	465	431	370	283	221
Additional Paid-In Capital	0.9%	313	310	308	306	303
Shares Outstanding	0.2%	650	649	649	649	649

* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	1.5%	255	252	253	231	200
Share Based Compensation	15.5%	7.00	6.00	6.00	5.00	4.00
Cashflow From Investing	-2.4%	-2.68	-2.62	-7.15	-6.75	-6.26
Cashflow From Financing	3.9%	-116	-120	-124	-128	-18.34
Dividend Payments	NaN%	0.00	0.00	-	-	-

Risks for OLPX

What is the probability of a big loss on OLPX?

80.5%

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

79.2%

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

72.7%

Probability that OLAPLEX HOLDINGS 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 OLPX drawdown profile look like?

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

Drawdowns

Returns for OLPX

Cumulative Returns on OLPX

Which funds bought or sold OLPX recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	reduced	-0.04	-61,076	72,924	-%
2023-03-06	Rockefeller Capital Management L.P.	reduced	-49.71	-3,000	1,000	-%
2023-02-28	Voya Investment Management LLC	reduced	-96.24	-12,785,100	267,929	-%
2023-02-15	Chimera Capital Management LLC	new	-	358,537	358,537	0.10%
2023-02-15	Virtu Financial LLC	new	-	124,000	124,000	0.02%
2023-02-15	ALLIANCEBERNSTEIN L.P.	added	49.21	-315,970	1,381,030	-%
2023-02-15	JANE STREET GROUP, LLC	reduced	-47.41	-1,017,560	409,439	-%
2023-02-15	MetLife Investment Management, LLC	reduced	-2.56	-34,857	39,143	-%
2023-02-15	PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO	added	2.14	-264,000	332,000	-%
2023-02-15	CI Private Wealth, LLC	new	-	112,177	112,177	-%

Latest Funds Activity

Are funds buying OLPX calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own OLPX

No. of Funds

OLAPLEX HOLDINGS News

Schedule 13G FIlings of OLAPLEX HOLDINGS

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 09, 2023	fmr llc	-	0	SC 13G
Feb 14, 2022	advent international corp/ma	77.1%	499,468,771	SC 13G
Feb 14, 2022	heilbronn charles	5.9%	38,136,163	SC 13G

OLPX Fair Value

Recent SEC filings of OLAPLEX HOLDINGS

View All Filings

Date Filed	Form Type	Document
Feb 28, 2023	8-K	Current Report
Feb 28, 2023	10-Q/A	Quarterly Report
Feb 28, 2023	10-K	Annual Report
Feb 09, 2023	SC 13G	Major Ownership Report
Jan 20, 2023	8-K	Current Report

Latest Insider Trading transactions for OLPX

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2022-07-19	Dagousset Christine	acquired	-	-	14,476	-
2022-07-19	White Emily	acquired	-	-	8,686	-
2022-07-19	Gurwitch Janet	acquired	-	-	8,686	-
2022-07-19	MUSSAFER DAVID M	acquired	-	-	8,686	-
2022-07-19	MORFITT MARTHA A M	acquired	-	-	8,686	-
2022-07-19	Findlay Deirdre	acquired	-	-	8,686	-
2022-07-19	Glynn Tricia	acquired	-	-	8,686	-
2022-07-19	White Michael James	acquired	-	-	8,686	-
2022-07-19	Zusi Paula	acquired	-	-	8,686	-
2022-06-21	MORFITT MARTHA A M	acquired	193,436	3.34	57,915	-

About OLAPLEX HOLDINGS

JuE Wong

www.olaplex.com

110

Olaplex Holdings, Inc. manufactures and sells hair care products. The company offers hair care shampoos and conditioners for use in treatment, maintenance, and protection of hair. It provides hair care products to professional hair salons, retailers, and everyday consumers. The company was founded in 2014 and is based in Santa Barbara, California.

OLPX Income Statement

2022-12-31

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Statement of Comprehensive Income [Abstract]
Net sales	$ 704,274	$ 598,365	$ 282,250
Cost of sales:
Cost of product (excluding amortization)	177,221	116,554	96,611
Amortization of patented formulations	7,500	7,989	6,052
Total cost of sales	184,721	124,543	102,663
Gross profit	519,553	473,822	179,587
Operating expenses:
Selling, general, and administrative	113,877	98,878	37,170
Amortization of other intangibles	41,282	40,790	39,825
Acquisition costs	0	0	16,499
Total operating expenses	155,159	139,668	93,494
Operating income	364,394	334,154	86,093
Interest expense, net	(41,178)	(61,148)	(38,645)
Other (expense) income, net
Loss on extinguishment of debt	(18,803)	0	0
Tax receivable agreement liability adjustment	3,084	3,615	0
Other expense, net	(2,256)	(1,012)	(190)
Total other (expense) income, net	(17,975)	2,603	(190)
Income before provision for income taxes	305,241	275,609	47,258
Income tax provision	61,169	54,825	7,980
Net income	$ 244,072	$ 220,784	$ 39,278
Net income per share:
Net income per share: Basic (in usd per share)	$ 0.38	$ 0.34	$ 0.06
Net income per share: Diluted (in usd per share)	$ 0.35	$ 0.32	$ 0.06
Weighted average common shares outstanding:
Weighted average common shares outstanding: Basic (in shares)	649,092,846	648,166,472	635,386,219
Weighted average common shares outstanding: Diluted (in shares)	691,005,846	689,923,792	636,819,975
Other comprehensive income:
Unrealized gain on derivatives, net of income tax effect	$ 2,577	$ 0	$ 0
Total other comprehensive income	2,577	0	0
Comprehensive income	$ 246,649	$ 220,784	$ 39,278

OLPX Balance Sheet

2022-12-31

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Current Assets:
Cash and cash equivalents	$ 322,808	$ 186,388
Accounts receivable, net of allowances of $19,198 and $8,231	46,220	40,779
Inventory	144,425	98,399
Other current assets	8,771	9,621
Total current assets	522,224	335,187
Property and equipment, net	1,034	747
Intangible assets, net	995,028	1,043,344
Goodwill	168,300	168,300
Deferred tax assets	0	8,344
Other assets	11,089	4,500
Total assets	1,697,675	1,560,422
Current Liabilities:
Accounts payable	9,748	19,167
Sales and income taxes payable	3,415	12,144
Accrued expenses and other current liabilities	17,107	17,332
Current portion of long-term debt	8,438	20,112
Current portion of Related Party payable pursuant to Tax Receivable Agreement	16,380	4,157
Total current liabilities	55,088	72,912
Long-term debt	654,333	738,090
Deferred tax liabilities	1,622	0
Related Party payable pursuant to Tax Receivable Agreement	205,675	225,122
Total liabilities	916,718	1,036,124
Contingencies (Note 14)
Stockholders’ equity (Notes 1 and 12):
Common stock, $0.001 par value per share; 2,000,000,000 shares authorized, 650,091,380 and 648,794,041 shares issued and outstanding as of December 31, 2022 and 2021, respectively	649	648
Preferred stock, $0.001 par value per share; 25,000,000 shares authorized and no shares issued and outstanding as of December 31, 2022 and 2021, respectively	0	0
Additional paid-in capital	312,875	302,866
Accumulated other comprehensive income	2,577	0
Retained earnings	464,856	220,784
Total stockholders’ equity	780,957	524,298
Total liabilities and stockholders’ equity	$ 1,697,675	$ 1,560,422