ULTA BEAUTY, INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 406.4 USD | -0.40% |
|
-1.72% | -17.06% |
| 24/04 | The return of bad news is good news |  |
| 24/04 | Wells Fargo Adjusts Ulta Beauty's Price Target to $350 From $450, Keeps Underweight Rating | MT |
Valuation
| Fiscal Period: February | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 15,717 | 16,281 | 19,741 | 26,497 | 24,540 | 19,480 | - | - |
| Enterprise Value (EV) 1 | 15,215 | 15,235 | 19,309 | 25,759 | 24,540 | 18,677 | 18,613 | 18,660 |
| P/E ratio | 22.6 x | 92.9 x | 20.3 x | 21.7 x | 19.4 x | 15.2 x | 13.9 x | 12.4 x |
| Yield | - | - | - | - | - | - | - | - |
| Capitalization / Revenue | 2.12 x | 2.65 x | 2.29 x | 2.6 x | 2.19 x | 1.66 x | 1.56 x | 1.48 x |
| EV / Revenue | 2.06 x | 2.48 x | 2.24 x | 2.52 x | 2.19 x | 1.59 x | 1.49 x | 1.41 x |
| EV / EBITDA | 12.7 x | 23.4 x | 12.3 x | 13.7 x | 12.8 x | 9.56 x | 9.06 x | 8.41 x |
| EV / FCF | 19 x | 23.1 x | 21.8 x | 22 x | 23.6 x | 16.1 x | 14.8 x | 14 x |
| FCF Yield | 5.28% | 4.32% | 4.59% | 4.54% | 4.24% | 6.2% | 6.78% | 7.13% |
| Price to Book | 8.14 x | 8.13 x | 12.4 x | 13.7 x | - | 7.43 x | 6.16 x | 4.74 x |
| Nbr of stocks (in thousands) | 57,161 | 56,339 | 54,120 | 50,881 | 48,562 | 47,935 | - | - |
| Reference price 2 | 275.0 | 289.0 | 364.8 | 520.8 | 505.3 | 406.4 | 406.4 | 406.4 |
| Announcement Date | 12/03/20 | 11/03/21 | 10/03/22 | 09/03/23 | 14/03/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: February | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 7,398 | 6,152 | 8,631 | 10,209 | 11,207 | 11,756 | 12,494 | 13,195 |
| EBITDA 1 | 1,197 | 650.3 | 1,566 | 1,880 | 1,922 | 1,953 | 2,055 | 2,218 |
| EBIT 1 | 901.1 | 352.5 | 1,297 | 1,639 | 1,678 | 1,668 | 1,770 | 1,905 |
| Operating Margin | 12.18% | 5.73% | 15.03% | 16.05% | 14.97% | 14.19% | 14.17% | 14.44% |
| Earnings before Tax (EBT) 1 | 906.2 | 231.1 | 1,296 | 1,644 | 1,696 | 1,677 | 1,778 | 1,918 |
| Net income 1 | 705.9 | 175.8 | 985.8 | 1,242 | 1,291 | 1,269 | 1,347 | 1,450 |
| Net margin | 9.54% | 2.86% | 11.42% | 12.17% | 11.52% | 10.8% | 10.78% | 10.99% |
| EPS 2 | 12.15 | 3.110 | 17.98 | 24.01 | 26.03 | 26.67 | 29.33 | 32.67 |
| Free Cash Flow 1 | 802.8 | 658.5 | 887.1 | 1,170 | 1,041 | 1,158 | 1,261 | 1,331 |
| FCF margin | 10.85% | 10.7% | 10.28% | 11.46% | 9.29% | 9.85% | 10.1% | 10.08% |
| FCF Conversion (EBITDA) | 67.08% | 101.26% | 56.65% | 62.22% | 54.17% | 59.29% | 61.39% | 59.98% |
| FCF Conversion (Net income) | 113.71% | 374.49% | 89.98% | 94.15% | 80.63% | 91.23% | 93.64% | 91.8% |
| Dividend per Share 2 | - | - | - | - | - | - | - | - |
| Announcement Date | 12/03/20 | 11/03/21 | 10/03/22 | 09/03/23 | 14/03/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: February | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 | 2025 Q3 | 2025 Q4 | 2026 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,996 | 2,729 | 2,346 | 2,297 | 2,339 | 3,227 | 2,634 | 2,530 | 2,489 | 3,554 | 2,736 | 2,664 | 2,680 | 3,683 | 2,890 |
| EBITDA 1 | 349.4 | 439.3 | 500.5 | 452.3 | 420.3 | 506.8 | 500 | 453.6 | 388.6 | 579.7 | 469.9 | 450.9 | 426.9 | 598.7 | 498.3 |
| EBIT 1 | 284.2 | 375.6 | 437.7 | 391.4 | 361.9 | 447.6 | 442.1 | 391.6 | 327.2 | 517.1 | 400.6 | 378.1 | 360 | 525.5 | 422 |
| Operating Margin | 14.24% | 13.76% | 18.66% | 17.04% | 15.47% | 13.87% | 16.78% | 15.48% | 13.15% | 14.55% | 14.64% | 14.19% | 13.43% | 14.27% | 14.6% |
| Earnings before Tax (EBT) 1 | 283.8 | 375.2 | 437.3 | 391.5 | 362.7 | 452 | 449.4 | 396.1 | 329.7 | 520.4 | 404.2 | 381.4 | 361.7 | 528.1 | 423.7 |
| Net income 1 | 215.3 | 289.4 | 331.4 | 295.7 | 274.6 | 340.8 | 347.1 | 300.1 | 249.5 | 394.4 | 306.4 | 288.7 | 273.6 | 399.6 | 320.9 |
| Net margin | 10.79% | 10.6% | 14.13% | 12.87% | 11.74% | 10.56% | 13.17% | 11.86% | 10.02% | 11.1% | 11.2% | 10.84% | 10.21% | 10.85% | 11.11% |
| EPS 2 | 3.940 | 5.410 | 6.300 | 5.700 | 5.340 | 6.680 | 6.880 | 6.020 | 5.070 | 8.080 | 6.349 | 6.036 | 5.797 | 8.534 | 6.911 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 02/12/21 | 10/03/22 | 26/05/22 | 25/08/22 | 01/12/22 | 09/03/23 | 25/05/23 | 24/08/23 | 30/11/23 | 14/03/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: February | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 502 | 1,046 | 432 | 738 | - | 804 | 867 | 821 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 803 | 658 | 887 | 1,170 | 1,041 | 1,158 | 1,261 | 1,331 |
| ROE (net income / shareholders' equity) | 37.9% | 9.01% | 55.8% | 71.1% | - | 51.6% | 48.1% | 41.4% |
| ROA (Net income/ Total Assets) | 17.5% | 3.53% | 20% | 24.5% | - | 21.3% | 21.3% | 19.9% |
| Assets 1 | 4,028 | 4,977 | 4,927 | 5,067 | - | 5,953 | 6,324 | 7,293 |
| Book Value Per Share 2 | 33.80 | 35.50 | 29.40 | 37.90 | - | 54.70 | 66.00 | 85.80 |
| Cash Flow per Share 2 | 19.00 | 14.30 | 19.30 | 28.60 | 29.80 | 35.10 | 39.60 | 36.40 |
| Capex 1 | 299 | 152 | 172 | 312 | 435 | 439 | 459 | 479 |
| Capex / Sales | 4.04% | 2.47% | 2% | 3.06% | 3.88% | 3.74% | 3.68% | 3.63% |
| Announcement Date | 12/03/20 | 11/03/21 | 10/03/22 | 09/03/23 | 14/03/24 | - | - | - |
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-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
31
Last Close Price
406.4
USD
Average target price
561
USD
Spread / Average Target
+38.05%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -17.06% | 19.48B | |
| +6.67% | 10.35B | |
| +24.45% | 9.97B | |
| +897.50% | 2.44B | |
| 0.00% | 2.45B | |
| -2.75% | 1.67B | |
| -11.87% | 1.54B | |
| -52.38% | 623M | |
| +99.24% | 327M | |
| -4.24% | 307M |
- Stock Market
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- ULTA Stock
- Financials Ulta Beauty, Inc.
