ELF BEAUTY INC (ELF) Fundamental Analysis & Valuation

NYSE:ELF • US26856L1035

82.44 USD
-0.1 (-0.12%)
At close: Mar 6, 2026
82.1 USD
-0.34 (-0.41%)
After Hours: 3/6/2026, 8:14:00 PM

This ELF fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

6

ELF gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 37 industry peers in the Personal Care Products industry. While ELF has a great profitability rating, there are some minor concerns on its financial health. ELF shows excellent growth, but is valued quite expensive already. These ratings could make ELF a good candidate for growth investing.


Dividend Valuation Growth Profitability Health

8

1. ELF Profitability Analysis

1.1 Basic Checks

  • In the past year ELF was profitable.
  • ELF had a positive operating cash flow in the past year.
  • ELF had positive earnings in each of the past 5 years.
  • In the past 5 years ELF always reported a positive cash flow from operatings.
ELF Yearly Net Income VS EBIT VS OCF VS FCFELF Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -200M -400M

1.2 Ratios

  • ELF has a Return On Assets of 4.47%. This is in the better half of the industry: ELF outperforms 62.16% of its industry peers.
  • Looking at the Return On Equity, with a value of 8.95%, ELF is in the better half of the industry, outperforming 70.27% of the companies in the same industry.
  • ELF's Return On Invested Capital of 6.81% is fine compared to the rest of the industry. ELF outperforms 64.86% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for ELF is in line with the industry average of 11.56%.
  • The 3 year average ROIC (13.06%) for ELF is well above the current ROIC(6.81%). The reason for the recent decline needs to be investigated.
Industry RankSector Rank
ROA 4.47%
ROE 8.95%
ROIC 6.81%
ROA(3y)10.2%
ROA(5y)7.26%
ROE(3y)16.52%
ROE(5y)11.77%
ROIC(3y)13.06%
ROIC(5y)9.49%
ELF Yearly ROA, ROE, ROICELF Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -100 -200 -300

1.3 Margins

  • ELF has a better Profit Margin (6.84%) than 72.97% of its industry peers.
  • ELF's Profit Margin has improved in the last couple of years.
  • With a decent Operating Margin value of 11.07%, ELF is doing good in the industry, outperforming 75.68% of the companies in the same industry.
  • ELF's Operating Margin has improved in the last couple of years.
  • Looking at the Gross Margin, with a value of 70.27%, ELF is in the better half of the industry, outperforming 62.16% of the companies in the same industry.
  • In the last couple of years the Gross Margin of ELF has grown nicely.
Industry RankSector Rank
OM 11.07%
PM (TTM) 6.84%
GM 70.27%
OM growth 3Y16.55%
OM growth 5Y7.24%
PM growth 3Y15.36%
PM growth 5Y6.17%
GM growth 3Y3.54%
GM growth 5Y2.16%
ELF Yearly Profit, Operating, Gross MarginsELF Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50 -50 -100 -150 -200

6

2. ELF Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so ELF is still creating some value.
  • The number of shares outstanding for ELF has been increased compared to 1 year ago.
  • Compared to 5 years ago, ELF has more shares outstanding
  • ELF has a better debt/assets ratio than last year.
ELF Yearly Shares OutstandingELF Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10M 20M 30M 40M 50M
ELF Yearly Total Debt VS Total AssetsELF Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B

2.2 Solvency

  • ELF has an Altman-Z score of 3.58. This indicates that ELF is financially healthy and has little risk of bankruptcy at the moment.
  • ELF has a Altman-Z score of 3.58. This is in the better half of the industry: ELF outperforms 75.68% of its industry peers.
  • ELF has a debt to FCF ratio of 3.95. This is a good value and a sign of high solvency as ELF would need 3.95 years to pay back of all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 3.95, ELF is in the better half of the industry, outperforming 75.68% of the companies in the same industry.
  • A Debt/Equity ratio of 0.70 indicates that ELF is somewhat dependend on debt financing.
  • ELF has a Debt to Equity ratio (0.70) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 0.7
Debt/FCF 3.95
Altman-Z 3.58
ROIC/WACC0.79
WACC8.6%
ELF Yearly LT Debt VS Equity VS FCFELF Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M 400M 600M

2.3 Liquidity

  • A Current Ratio of 2.76 indicates that ELF has no problem at all paying its short term obligations.
  • With a decent Current ratio value of 2.76, ELF is doing good in the industry, outperforming 70.27% of the companies in the same industry.
  • ELF has a Quick Ratio of 1.89. This is a normal value and indicates that ELF is financially healthy and should not expect problems in meeting its short term obligations.
  • ELF has a Quick ratio of 1.89. This is in the better half of the industry: ELF outperforms 64.86% of its industry peers.
Industry RankSector Rank
Current Ratio 2.76
Quick Ratio 1.89
ELF Yearly Current Assets VS Current LiabilitesELF Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M 500M

7

3. ELF Growth Analysis

3.1 Past

  • ELF shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 14.33%, which is quite good.
  • Measured over the past years, ELF shows a very strong growth in Earnings Per Share. The EPS has been growing by 40.01% on average per year.
  • Looking at the last year, ELF shows a quite strong growth in Revenue. The Revenue has grown by 16.73% in the last year.
  • Measured over the past years, ELF shows a very strong growth in Revenue. The Revenue has been growing by 35.94% on average per year.
EPS 1Y (TTM)14.33%
EPS 3Y58.58%
EPS 5Y40.01%
EPS Q2Q%67.57%
Revenue 1Y (TTM)16.73%
Revenue growth 3Y49.62%
Revenue growth 5Y35.94%
Sales Q2Q%37.76%

3.2 Future

  • Based on estimates for the next years, ELF will show a quite strong growth in Earnings Per Share. The EPS will grow by 8.78% on average per year.
  • ELF is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 12.14% yearly.
EPS Next Y-14.65%
EPS Next 2Y2.64%
EPS Next 3Y8.69%
EPS Next 5Y8.78%
Revenue Next Year23.16%
Revenue Next 2Y20.59%
Revenue Next 3Y17.7%
Revenue Next 5Y12.14%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
  • The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
ELF Yearly Revenue VS EstimatesELF Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 500M 1B 1.5B 2B
ELF Yearly EPS VS EstimatesELF Yearly EPS VS EstimatesYearly EPS VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 1 2 3 4 5

3

4. ELF Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 22.96, which indicates a rather expensive current valuation of ELF.
  • ELF's Price/Earnings is on the same level as the industry average.
  • Compared to an average S&P500 Price/Earnings ratio of 26.29, ELF is valued at the same level.
  • A Price/Forward Earnings ratio of 23.09 indicates a rather expensive valuation of ELF.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of ELF is on the same level as its industry peers.
  • When comparing the Price/Forward Earnings ratio of ELF to the average of the S&P500 Index (24.57), we can say ELF is valued inline with the index average.
Industry RankSector Rank
PE 22.96
Fwd PE 23.09
ELF Price Earnings VS Forward Price EarningsELF Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • The rest of the industry has a similar Enterprise Value to EBITDA ratio as ELF.
  • The rest of the industry has a similar Price/Free Cash Flow ratio as ELF.
Industry RankSector Rank
P/FCF 22.69
EV/EBITDA 23.55
ELF Per share dataELF EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20

4.3 Compensation for Growth

  • The excellent profitability rating of ELF may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.57
EPS Next 2Y2.64%
EPS Next 3Y8.69%

0

5. ELF Dividend Analysis

5.1 Amount

  • ELF does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

ELF Fundamentals: All Metrics, Ratios and Statistics

ELF BEAUTY INC

NYSE:ELF (3/6/2026, 8:14:00 PM)

After market: 82.1 -0.34 (-0.41%)

82.44

-0.1 (-0.12%)

Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupHousehold & Personal Products
GICS IndustryPersonal Care Products
Earnings (Last)02-04
Earnings (Next)05-26
Inst Owners102.21%
Inst Owner Change5.08%
Ins Owners2.31%
Ins Owner Change-3.16%
Market Cap4.87B
Revenue(TTM)1.52B
Net Income(TTM)103.94M
Analysts82
Price Target116.32 (41.1%)
Short Float %11.66%
Short Ratio3.26
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)44.01%
Min EPS beat(2)18.35%
Max EPS beat(2)69.66%
EPS beat(4)4
Avg EPS beat(4)25.19%
Min EPS beat(4)5.41%
Max EPS beat(4)69.66%
EPS beat(8)7
Avg EPS beat(8)33.91%
EPS beat(12)11
Avg EPS beat(12)46.8%
EPS beat(16)15
Avg EPS beat(16)59.98%
Revenue beat(2)1
Avg Revenue beat(2)-0.88%
Min Revenue beat(2)-7.07%
Max Revenue beat(2)5.3%
Revenue beat(4)2
Avg Revenue beat(4)-0.3%
Min Revenue beat(4)-7.07%
Max Revenue beat(4)5.3%
Revenue beat(8)6
Avg Revenue beat(8)2.99%
Revenue beat(12)10
Avg Revenue beat(12)6.64%
Revenue beat(16)14
Avg Revenue beat(16)8.76%
PT rev (1m)-1.61%
PT rev (3m)-6.35%
EPS NQ rev (1m)-44.03%
EPS NQ rev (3m)-49.26%
EPS NY rev (1m)0.59%
EPS NY rev (3m)-19.94%
Revenue NQ rev (1m)3.11%
Revenue NQ rev (3m)1.46%
Revenue NY rev (1m)2.84%
Revenue NY rev (3m)-3.5%
Valuation
Industry RankSector Rank
PE 22.96
Fwd PE 23.09
P/S 3.2
P/FCF 22.69
P/OCF 19.78
P/B 4.19
P/tB N/A
EV/EBITDA 23.55
EPS(TTM)3.59
EY4.35%
EPS(NY)3.57
Fwd EY4.33%
FCF(TTM)3.63
FCFY4.41%
OCF(TTM)4.17
OCFY5.06%
SpS25.74
BVpS19.68
TBVpS-4.32
PEG (NY)N/A
PEG (5Y)0.57
Graham Number39.87
Profitability
Industry RankSector Rank
ROA 4.47%
ROE 8.95%
ROCE 8.13%
ROIC 6.81%
ROICexc 7.53%
ROICexgc 30.95%
OM 11.07%
PM (TTM) 6.84%
GM 70.27%
FCFM 14.12%
ROA(3y)10.2%
ROA(5y)7.26%
ROE(3y)16.52%
ROE(5y)11.77%
ROIC(3y)13.06%
ROIC(5y)9.49%
ROICexc(3y)15.77%
ROICexc(5y)11.32%
ROICexgc(3y)54.81%
ROICexgc(5y)39%
ROCE(3y)15.59%
ROCE(5y)11.32%
ROICexgc growth 3Y22.09%
ROICexgc growth 5Y7.64%
ROICexc growth 3Y30.46%
ROICexc growth 5Y20.49%
OM growth 3Y16.55%
OM growth 5Y7.24%
PM growth 3Y15.36%
PM growth 5Y6.17%
GM growth 3Y3.54%
GM growth 5Y2.16%
F-Score5
Asset Turnover0.65
Health
Industry RankSector Rank
Debt/Equity 0.7
Debt/FCF 3.95
Debt/EBITDA 3.48
Cap/Depr 47.73%
Cap/Sales 2.08%
Interest Coverage 250
Cash Conversion 104.96%
Profit Quality 206.41%
Current Ratio 2.76
Quick Ratio 1.89
Altman-Z 3.58
F-Score5
WACC8.6%
ROIC/WACC0.79
Cap/Depr(3y)24.58%
Cap/Depr(5y)23.45%
Cap/Sales(3y)0.85%
Cap/Sales(5y)1.16%
Profit Quality(3y)104.92%
Profit Quality(5y)150.63%
High Growth Momentum
Growth
EPS 1Y (TTM)14.33%
EPS 3Y58.58%
EPS 5Y40.01%
EPS Q2Q%67.57%
EPS Next Y-14.65%
EPS Next 2Y2.64%
EPS Next 3Y8.69%
EPS Next 5Y8.78%
Revenue 1Y (TTM)16.73%
Revenue growth 3Y49.62%
Revenue growth 5Y35.94%
Sales Q2Q%37.76%
Revenue Next Year23.16%
Revenue Next 2Y20.59%
Revenue Next 3Y17.7%
Revenue Next 5Y12.14%
EBIT growth 1Y28.71%
EBIT growth 3Y74.38%
EBIT growth 5Y45.78%
EBIT Next Year33.8%
EBIT Next 3Y20.91%
EBIT Next 5Y16.12%
FCF growth 1Y251.91%
FCF growth 3Y98.7%
FCF growth 5Y27%
OCF growth 1Y267.28%
OCF growth 3Y90.04%
OCF growth 5Y24.75%

ELF BEAUTY INC / ELF FAQ

What is the fundamental rating for ELF stock?

ChartMill assigns a fundamental rating of 6 / 10 to ELF.


What is the valuation status of ELF BEAUTY INC (ELF) stock?

ChartMill assigns a valuation rating of 3 / 10 to ELF BEAUTY INC (ELF). This can be considered as Overvalued.


What is the profitability of ELF stock?

ELF BEAUTY INC (ELF) has a profitability rating of 8 / 10.


What are the PE and PB ratios of ELF BEAUTY INC (ELF) stock?

The Price/Earnings (PE) ratio for ELF BEAUTY INC (ELF) is 22.96 and the Price/Book (PB) ratio is 4.19.


Can you provide the expected EPS growth for ELF stock?

The Earnings per Share (EPS) of ELF BEAUTY INC (ELF) is expected to decline by -14.65% in the next year.