Professional
Added to YB: 2024-02-26
Pitch date: 2024-01-15
EL [bearish]
The Estée Lauder Companies Inc.
+21.42%
current return
Author Info
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Company Info
The Estée Lauder Companies Inc. manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide.
Market Cap
$37.9B
Pitch Price
$128.57
Price Target
N/A
Dividend
1.33%
EV/EBITDA
15.74
P/E
-40.64
EV/Sales
3.12
Sector
Personal Care Products
Category
N/A
Show full summary:
Polen Global Growth Exit Position - Estée Lauder
EL: Divested stake (<1%) due to challenges: Shanghai COVID lockdown, unmet China rebound expectations, N.A. makeup downturn, derma cosmetics competition. Slow recovery expected per earnings calls. Capital reallocated given low conviction to increase position amid declines & lack of imminent improvement signs.
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