Added to YB: 2024-09-11
Pitch date: 2024-09-08
COTY [neutral]
Coty Inc.
-63.47%
current return
Author Info
Stock Pitckers Journey is the retired Director and COO of the Prudent Bear Funds. Sign up for the newsletter.
Company Info
Coty Inc., together with its subsidiaries, manufactures, markets, distributes, and sells branded beauty products worldwide.
Market Cap
$3.1B
Pitch Price
$8.98
Price Target
N/A
Dividend
N/A
EV/EBITDA
7.55
P/E
-7.62
EV/Sales
1.29
Sector
Personal Care Products
Category
N/A
Beauty and the Beast - COTY?!?!
COTY (too risky): Cosmetics co. with resilient recession-proof brands. 60% owned by JAB Holding, reducing balance sheet risk. CEO Sue Nabi owns 30M shares. ISI/Evercore favorite despite 10-yr decline. 15x FY2025 est. Less China exposure than EL. Risks: brand licensing disputes, vague cost-cutting plans, JAB controversy, lack of focus.
Read full article (2 min)