Professional
Added to YB: 2024-10-22
Pitch date: 2024-10-18
603605.SS [bullish]
Proya Cosmetics Co.,Ltd.
-29.15%
current return
Author Info
No bio for this author
Company Info
Proya Cosmetics Co.,Ltd., a beauty and personal care company, researches for, develops, produces, and sells cosmetics in China.
Market Cap
CNY 33.2B
Pitch Price
CNY 95.56
Price Target
133.86 (+98%)
Dividend
N/A
EV/EBITDA
18.19
P/E
23.24
EV/Sales
2.87
Sector
Personal Care Products
Category
growth
Proya (603605 CH): Best earnings among peers, strong momentum sustained
603605.SS: Proya beat Q2 consensus, rev/profit +41%/37% YoY. Hero SKUs drive 57% rev, boost repurchase rates. GPM steady 69.8%, selling expense +3ppts to 47%. All segments growing 37%+. Overseas expansion plans for sub-brands. TP RMB133.86 (40% upside), 35x 2024E P/E. Risks: high marketing costs, e-commerce returns.
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