e.l.f. Beauty, Inc.

DB:0EF Stock Report

Market Cap: €6.5b

e.l.f. Beauty Valuation

Is 0EF undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 0EF when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0EF (€113.85) is trading below our estimate of fair value (€324.13)

Significantly Below Fair Value: 0EF is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0EF?

Key metric: As 0EF is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0EF. This is calculated by dividing 0EF's market cap by their current earnings.
What is 0EF's PE Ratio?
PE Ratio63.3x
EarningsUS$107.99m
Market CapUS$6.83b

Price to Earnings Ratio vs Peers

How does 0EF's PE Ratio compare to its peers?

The above table shows the PE ratio for 0EF vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average30.3x
BEI Beiersdorf
37.8x12.7%€27.9b
603605 Proya CosmeticsLtd
25.1x20.4%CN¥36.4b
COTY Coty
39.8x23.3%US$6.3b
HEN3 Henkel KGaA
18.7x6.5%€31.2b
0EF e.l.f. Beauty
63.3x33.6%€6.8b

Price-To-Earnings vs Peers: 0EF is expensive based on its Price-To-Earnings Ratio (63.3x) compared to the peer average (30.3x).

Price to Earnings Ratio vs Industry

How does 0EF's PE Ratio compare vs other companies in the European Personal Products Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
0EF 63.3xIndustry Avg. 21.8xNo. of Companies3PE01224364860+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0EF is expensive based on its Price-To-Earnings Ratio (63.3x) compared to the European Personal Products industry average (21.8x).

Price to Earnings Ratio vs Fair Ratio

What is 0EF's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

0EF PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio63.3x
Fair PE Ratio34.3x

Price-To-Earnings vs Fair Ratio: 0EF is expensive based on its Price-To-Earnings Ratio (63.3x) compared to the estimated Fair Price-To-Earnings Ratio (34.3x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 0EF forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€113.85
€149.28
+31.1%
13.1%€188.36€108.31n/a14
Nov ’25€98.58
€156.36
+58.6%
18.9%€231.20€120.22n/a14
Oct ’25€97.38
€179.11
+83.9%
17.6%€224.53€124.84n/a14
Sep ’25€134.00
€200.37
+49.5%
11.6%€234.75€145.37n/a13
Aug ’25€154.00
€205.57
+33.5%
11.5%€237.18€148.01n/a13
Jul ’25€196.10
€196.32
+0.1%
11.9%€233.80€141.22n/a13
Jun ’25€163.05
€186.55
+14.4%
9.7%€202.55€139.03n/a13
May ’25€156.80
€193.26
+23.3%
8.2%€215.56€156.51n/a14
Apr ’25€187.00
€190.63
+1.9%
7.9%€210.59€152.91n/a14
Mar ’25€198.00
€187.16
-5.5%
8.0%€207.36€153.91n/a13
Feb ’25€148.00
€158.80
+7.3%
9.1%€175.85€130.50n/a12
Jan ’25€129.00
€129.07
+0.06%
12.4%€160.29€107.16n/a12
Dec ’24€109.00
€131.75
+20.9%
11.0%€167.60€112.05n/a12
Nov ’24€86.50
€135.69
+56.9%
9.7%€166.71€110.82€98.5812
Oct ’24€104.00
€140.17
+34.8%
11.4%€167.53€104.71€97.3812
Sep ’24€130.00
€134.52
+3.5%
11.4%€151.09€100.73€134.0011
Aug ’24€105.00
€110.25
+5.0%
15.2%€149.32€81.95€154.0011
Jul ’24€102.00
€102.88
+0.9%
12.4%€119.61€80.05€196.1011
Jun ’24€99.00
€99.67
+0.7%
9.5%€112.91€81.18€163.0511
May ’24€83.00
€87.68
+5.6%
13.4%€103.92€63.81€156.8011
Apr ’24€71.50
€69.93
-2.2%
15.2%€86.19€52.26€187.0011
Mar ’24€69.00
€67.54
-2.1%
10.2%€76.83€53.40€198.0011
Feb ’24€52.00
€52.80
+1.5%
15.9%€59.69€33.06€148.0010
Jan ’24€51.50
€50.35
-2.2%
16.7%€61.28€33.94€129.0010
Dec ’23€52.00
€47.88
-7.9%
13.5%€60.57€34.61€109.0010
Nov ’23€42.80
€45.22
+5.7%
8.0%€50.70€36.50€86.5010

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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