Professional
Added to YB: 2024-11-21
Pitch date: 2024-11-20
ELF [bearish]
e.l.f. Beauty, Inc.
+36.64%
current return
Author Info
Muddy Waters Research is a short seller that peels back the layers, often built up by seemingly respected but sycophantic law firms, auditors, and venal managements. Sign up for the newsletter.
Company Info
e.l.f. Beauty, Inc., together with its subsidiaries, provides cosmetic and skin care products worldwide.
Market Cap
$6.5B
Pitch Price
$120.51
Price Target
N/A
Dividend
N/A
EV/EBITDA
34.65
P/E
60.31
EV/Sales
5.09
Sector
Personal Care Products
Category
N/A
MW is Short e.l.f. Beauty, Inc. (ELF US)
ELF short: Muddy Waters alleges $135-190M revenue overstatement in past 3 quarters. Claims Q2 FY24 inventory buildup falsely attributed to sourcing change. Import data shows 60% YoY decline Jan-Sep 2024. Estimates $98-133M inventory hole, $138-188M revenue overstatement Q4 FY24-Q2 FY25. Insider sales increased significantly post-July 2023.
Read full article (14 min)