Financials Sally Beauty Holdings, Inc.

Equities

SBH

US79546E1047

Other Specialty Retailers

Market Closed - Nyse 01:30:02 27/04/2024 am IST 5-day change 1st Jan Change
11 USD +1.20% Intraday chart for Sally Beauty Holdings, Inc. +3.77% -17.17%

Valuation

Fiscal Period: September 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 1,788 975.8 1,900 1,348 903.1 1,154 - -
Enterprise Value (EV) 1 3,311 2,259 2,882 2,429 1,850 2,018 1,836 1,701
P/E ratio 6.59 x 8.78 x 8.02 x 7.59 x 4.96 x 6.09 x 5.61 x -
Yield - - - - - - - -
Capitalization / Revenue 0.46 x 0.28 x 0.49 x 0.35 x 0.24 x 0.31 x 0.31 x 0.3 x
EV / Revenue 0.85 x 0.64 x 0.74 x 0.64 x 0.5 x 0.54 x 0.49 x 0.44 x
EV / EBITDA 5.86 x 5.15 x 5.01 x 4.84 x 4.03 x 4.34 x 3.95 x 3.23 x
EV / FCF 15.6 x 7.15 x 9.36 x 42.4 x 11.7 x 12.1 x 10.3 x -
FCF Yield 6.42% 14% 10.7% 2.36% 8.57% 8.24% 9.75% -
Price to Book -28.8 x 63.3 x 6.78 x 4.59 x 1.75 x 1.68 x 1.27 x 0.98 x
Nbr of stocks (in thousands) 1,20,108 1,12,284 1,12,780 1,06,963 1,07,770 1,04,884 - -
Reference price 2 14.89 8.690 16.85 12.60 8.380 11.00 11.00 11.00
Announcement Date 07/11/19 12/11/20 11/11/21 10/11/22 14/11/23 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: September 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 3,876 3,514 3,875 3,816 3,728 3,715 3,760 3,874
EBITDA 1 565.4 438.5 575 501.9 459 464.6 464.6 526.2
EBIT 1 457.8 294.4 461.1 391.3 340.8 335.4 348 371.7
Operating Margin 11.81% 8.38% 11.9% 10.26% 9.14% 9.03% 9.26% 9.6%
Earnings before Tax (EBT) 1 362.2 160 324.9 244.1 252 255.9 281.4 333.3
Net income 1 271.6 113.2 239.9 183.6 184.6 191.5 209.6 246.6
Net margin 7.01% 3.22% 6.19% 4.81% 4.95% 5.15% 5.58% 6.37%
EPS 2 2.260 0.9900 2.100 1.660 1.690 1.807 1.960 -
Free Cash Flow 1 212.7 316.1 308 57.25 158.6 166.3 179.1 -
FCF margin 5.49% 8.99% 7.95% 1.5% 4.25% 4.48% 4.76% -
FCF Conversion (EBITDA) 37.61% 72.08% 53.56% 11.41% 34.54% 35.79% 38.55% -
FCF Conversion (Net income) 78.29% 279.12% 128.39% 31.19% 85.9% 86.84% 85.44% -
Dividend per Share 2 - - - - - - - -
Announcement Date 07/11/19 12/11/20 11/11/21 10/11/22 14/11/23 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: September 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 990.3 980.3 911.4 961.5 962.5 957.1 918.7 931 921.4 931.3 910.8 939.9 939.3 941.3 920.1
EBITDA 1 143.4 145 116.3 128.3 112.4 125.8 105.2 118.8 109.3 107.1 104.7 127 124.5 106 108
EBIT 1 115.8 116.6 90.21 100.6 83.95 95.36 76.32 89.78 79.29 69.12 74.75 96.88 92.26 77.02 77.2
Operating Margin 11.69% 11.89% 9.9% 10.46% 8.72% 9.96% 8.31% 9.64% 8.61% 7.42% 8.21% 10.31% 9.82% 8.18% 8.39%
Earnings before Tax (EBT) 1 91 92.54 66.56 63.23 21.77 68.66 54.72 71.47 57.19 51.81 54.9 78.1 71.07 62.53 61
Net income 1 68.15 68.84 46.81 46.57 21.34 50.34 40.86 50.82 42.58 38.39 40.9 58.17 52.93 46.47 45.37
Net margin 6.88% 7.02% 5.14% 4.84% 2.22% 5.26% 4.45% 5.46% 4.62% 4.12% 4.49% 6.19% 5.64% 4.94% 4.93%
EPS 2 0.5900 0.6000 0.4200 0.4300 0.2000 0.4600 0.3700 0.4600 0.3900 0.3500 0.3800 0.5550 0.5150 0.4400 0.4200
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 11/11/21 02/02/22 05/05/22 04/08/22 10/11/22 02/02/23 04/05/23 03/08/23 14/11/23 01/02/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: September 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 1,523 1,283 982 1,081 947 864 683 547
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 2.694 x 2.926 x 1.707 x 2.154 x 2.063 x 1.86 x 1.469 x 1.04 x
Free Cash Flow 1 213 316 308 57.3 159 166 179 -
ROE (net income / shareholders' equity) - - 162% 63.9% 46% 34.4% 27.1% 24.7%
ROA (Net income/ Total Assets) - - - - - - - -
Assets 1 - - - - - - - -
Book Value Per Share 2 -0.5200 0.1400 2.490 2.740 4.790 6.550 8.650 11.20
Cash Flow per Share 2.660 3.720 3.340 - - - - -
Capex 1 108 111 73.9 99.3 90.7 110 110 -
Capex / Sales 2.78% 3.15% 1.91% 2.6% 2.43% 2.96% 2.93% -
Announcement Date 07/11/19 12/11/20 11/11/21 10/11/22 14/11/23 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
6
Last Close Price
11 USD
Average target price
12 USD
Spread / Average Target
+9.09%
Consensus
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  4. Financials Sally Beauty Holdings, Inc.