Added to YB: 2024-09-24
Pitch date: 2024-09-23
EL [bullish]
The Estée Lauder Companies Inc.
-0.07%
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
$32.6B
Pitch Price
$91.00
Price Target
136.00 (+50%)
Dividend
2.91%
Sector
Personal Care Products
Category
turnaround
Putting lipstick on a pig - Is it time to go long The Estée Lauder Companies after a 70% pullback
EL: Premium beauty co. down 70% from highs. China woes, channel stuffing hit margins. Bull case: Cost cuts, margin recovery (11% to 16-18%), China stabilization, LatAm growth. New CEO in 2025. Trades 30x FY25 EPS, could hit $136 (60% upside) on recovery. Risk: China collapse, market share loss. Long 2027 calls & commons (3% yield).
Read full article (9 min)