Summary
ELF at a glance
e.l.f. Beauty (ELF) holds a Quant grade of B (model v1, Oct 30), on a scale from S, the best, to D. It closed at $111.69 on Oct 30, 2026, overvalued by 410% vs model: DCF · Perpetuity growth · 5y puts it at $21.89 a share. The other 7 models range from $6.63 to $186.28, and the median analyst target is $110.50 from 10 firms.
In Q1 FY2027, the latest quarter on file, revenue grew 36% on a year earlier to $479.4M, with an operating margin of 21.4%. Over the twelve months to Q1 FY2027, free cash flow was $280.2M.
Among the superinvestors tracked here, Bridgewater reduced. Insiders sold $9.6M and made no open-market purchases over the last 90 days. The latest filing is an 8-K (current report), filed Aug 24.
Price and model value
What the marks mean
Valuation
All 8 models →e.l.f. Beauty closed at $111.69, overvalued by 410% vs model (DCF · Perpetuity growth · 5y, 21.89).
DCF · Perpetuity growth · 5y leads for a high-growth company — positive operating income and three years of positive free cash flow.
- Other models
- 6.63 – 186.28
- Wall St. target
- 110.50 1% above
- Above model, past year
- 0 of 0 days
- Valued as
- High Growth
Every model
| DCF · Perpetuity growth · 5yused | $21.89 | 410% overvalued |
| DCF · Perpetuity growth · 10y | $26.80 | 317% overvalued |
| P/E · peers | $10.99 | 916% overvalued |
| EV/EBITDA · peers | $26.54 | 321% overvalued |
| EV/Revenue · peers | $16.34 | 584% overvalued |
| PEG | $91.74 | 22% overvalued |
| P/E · own history | $186.28 | 40% undervalued |
| Earnings power value | $6.63 | 1585% overvalued |
Against its peers and its past
| ELF | Peers' median | Own 5-yr median | |
|---|---|---|---|
| P/E · last fiscal year | 253.8× | 30.5× | 70.4× |
| Free cash flow yield | 2.9% | 4.2% | |
| Operating margin | 8.0% | 16.8% | |
| Revenue growth | 24.6% | 2.4% |
Peers are the comparable companies below; the five-year median is at each fiscal year's close.
What the price implies
The free cash flow growth for five years, then a fade to 2.5%, at which today's price is a fair value — discounted at 11.7%. The reverse DCF →
- Risk-free rate
- 4.94%
- Beta × equity premium
- 1.93 × 4.14%
- Cost of equity
- 12.93%
- Cost of debt
- 4.94%
- Equity weight
- 88%
- WACC
- 11.75%
Quant
Quant grade over time →Quant grade B from model v1, set before the Oct 30 open. S is the best, D the worst. What the grade means
- ELA
- KVUEA
- CLS
- PGA
- CHDA
- ULTAS
Growth and forecasts
Every estimate →Analysts expect revenue to grow 13.3% a year over the next 3 years, against 38.8% a year over the last five.
| Revenue | Growth | EPS | Growth | Analysts | |
|---|---|---|---|---|---|
| FY2025 | $1.3B | +28.3% | $1.92 | −13.1% | reported |
| FY2026 | $1.6B | +24.6% | $0.44 | −77.1% | reported |
| FY2027E | $2.0B | +21.1% | $3.67 | +18.3% | 15 |
| FY2028E | $2.2B | +9.0% | $3.94 | +7.3% | 14 |
| FY2029E | $2.4B | +10.1% | $4.54 | +15.3% | 6 |
- Revenue, last 5 years
- 38.8% a year
- Consensus, next 3 years
- 13.3% a year
The analysts' estimates, as FMP collects them — their figures, not this site's. Reported EPS is GAAP diluted.
Financials
Full statements →In Q1 FY2027, the latest quarter on file, revenue grew 36% on a year earlier to $479.4M, with an operating margin of 21.4%. Over the twelve months to Q1 FY2027, free cash flow was $280.2M.
| Latest | Year before | Change | |
|---|---|---|---|
| Revenue | $1.8B | $1.3B | +31% |
| Operating income | $185.0M | $156.0M | +19% |
| Net income | $59.6M | $97.8M | −39% |
| Free cash flow | $280.2M | $135.0M | +108% |
| Diluted EPS | $0.98 | $1.69 | −42% |
- Cash and investments
- $344.2M
- Total debt
- $921.7M
Profitability and health
Every ratio →Operating margin 8.0% in fiscal 2026, against 7.6% in 2022; net debt of $577.4M at the latest quarter.
| FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | Trend | |
|---|---|---|---|---|---|---|
| Gross margin | 64.2% | 67.4% | 70.7% | 71.2% | 70.7% | |
| Operating margin | 7.6% | 11.8% | 14.6% | 12.0% | 8.0% | |
| Net margin | 5.6% | 10.6% | 12.5% | 8.5% | 1.6% | |
| Return on equity | 7.0% | 15.0% | 19.9% | 14.7% | 2.3% | |
| Debt to equity | 0.37× | 0.20× | 0.45× | 0.41× | 0.81× | |
| Interest coverage | 12.18× | 17.08× | 12.64× | 9.20× | 3.22× | |
| Current ratio | 2.97× | 2.81× | 1.59× | 3.05× | 2.35× |
Peers
Peers in full →ELF beside 6 comparable companies, chosen by business, not by industry label.
| Company | Market value | P/E | FCF yield | Gross margin | Op. margin | Revenue growth | Valuation | Quant |
|---|---|---|---|---|---|---|---|---|
| ELF e.l.f. Beauty, Inc. | $6.6B | 253.8× | 2.9% | 70.7% | 8.0% | +24.6% | – | B |
| PG The Procter & Gamble Company | $374.5B | 24.4× | 4.0% | 50.2% | 22.7% | +3.3% | C | A |
| CL Colgate-Palmolive Company | $76.0B | 36.2× | 4.8% | 60.1% | 16.2% | +1.4% | C | S |
| EL The Estée Lauder Companies Inc. | $39.6B | 218.5× | 3.3% | 75.5% | 11.1% | +5.1% | D | A |
| KVUE Kenvue Inc. | $37.1B | 25.4× | 4.6% | 58.1% | 17.9% | −2.1% | S | A |
| ULTA Ulta Beauty, Inc. | $27.4B | 25.0× | 3.9% | 39.1% | 12.5% | +9.7% | C | S |
| CHD Church & Dwight Co., Inc. | $25.4B | 35.5× | 4.3% | 44.7% | 17.4% | +1.6% | D | A |
Ownership
Every holder →| Bridgewater | reduced | $247,974 |
- Franks Joshua AllenOct 15 · SVP, Operations−$873,071.9
- Franks Joshua AllenOct 12 · SVP, Operations−$920,310.2
- AMIN TARANGOct 1 · Chief Executive Officer−$212,745.6
- AMIN TARANGOct 1 · Chief Executive Officer−$2.3M
Wall Street
Every firm →10 firms published a price target in the last 90 days: the median is $110.50, 1% below the close.
Third-party ratings and targets, quoted as the firms published them — not this site's view.
Analyst actions
News and filings
All news →Recent
About
Company profile →e.l.f. Beauty, Inc., a beauty company, provides cosmetics and skin care products worldwide. The company offers eye, lip, face, paw, and skin care products. It offers products under the e.l.f. Cosmetics, e.l.f. Skin, Well People, Naturium, and Keys Soulcare brand names. The company sells its products through national and international retailer and direct-to-consumer through its e-commerce channel. e.l.f. Beauty, Inc. was formerly known as J.A. Cosmetics Holdings, Inc. and changed its name to e.l.f. Beauty, Inc. in April 2016. The company was founded in 2004 and is headquartered in Oakland, California.
- CEO
- Tarang Amin
- Employees
- 849
- Headquarters
- Oakland, CA
- Listed
- 2016
Research on ELF
Model estimates and grades for research reference only, not investment advice. Every model rests on assumptions that may not match what happens; each section is explained in the manual.