Added to YB: 2023-11-28
Pitch date: 2023-11-26
0973.HK [bullish]
L'Occitane International S.A.
+70.72%
current return
Author Info
Clark Square Capital is a former equity analyst and now a full-time investor managing their own capital. Sign up for their newsletter
Company Info
L'Occitane International S.A., together with its subsidiaries, engages in the design, manufacture, and retail of various natural and organic ingredient-based beauty and well-being products in Asia pacific, the Americas, Europe, the Middle East, and Africa.
Market Cap
HKD 4.2B
Pitch Price
HKD 19.74
Price Target
40.00 (+19%)
Dividend
N/A
EV/EBITDA
11.30
P/E
61.48
EV/Sales
1.97
Sector
Personal Care Products
Category
turnaround
L'Occitane International S.A. (HK: 973)
L'Occitane (973 HK): Undervalued French beauty co w/ strong brands. Sol de Janeiro 3-digit growth, 15%+ EBIT margins by FY25, trades 14x FY24 est earnings. Risks: take-under, China. Catalysts: FY25 guide, trading updates, re-listing. PT HKD 40 (2x) on 20x FY25 PE.
Read full article (9 min)