GuruFocus Manual of Stocks™  |  Dec 06, 2021
The Estee Lauder Companies Inc (NYSE:EL)
www.gurufocus.com/stock/NYSE:EL
The Estee Lauder Companies Inc (NYSE:EL)
[1]
Significantly Overvalued[5]$ 335.30
Consumer Packaged Goods - Household & Personal Products
Market Cap: $ 120,690 Mil
The Estee Lauder Companies Inc is a beauty products manufacturer providing Skin care, Makeup, Fragrance and Hair care services.
Valuation Rank
Score: 1 /10CurrentIndustry MedianHistorical Median
PE Ratio40.6418.0629.41
Forward P/E45.2516.88N/A
PB Ratio19.891.618.7
PS Ratio7.251.152.99
P/FCF50.0915.7330.36
Shiller P/E85.3519.6649.2
PEG Ratio4.111.813.23
Valuation Analysis
% of Price
NCAV-16.67-5
Tangible Book-1.16-0
Peter Lynch Value61.2218
Median PS Value144.0343
DCF (Earnings Based)154.1746
DCF (FCF Based)201.4460
Price335.30
Dividend & Ownership
Dividend Yield(ttm) %0.65
Dividend Yield(forward) %0.72
Payout0.26
Dividend Growth(5y) %9.8
Yield on Cost(5y) %1.04
Continuous Div. since2020
Insider Ownership %0.2
Institution Ownership %42.64
Financial Strength
Score: 5 /10CurrentIndustry MedianHistorical Median
Cash-to-Debt0.500.580.79
Equity-to-Asset0.280.530.41
Interest Coverage19.0611.1021.25
Piotroski F-Score766
Profitability Rank
Score: 9 /10CurrentIndustry MedianHistorical Median
Operating Margin %19.015.3915.90
Net Margin %17.833.8110.06
ROE %55.187.3331.68
ROA %15.053.5113.43
ROC (Joel Greenblatt) %77.5411.5676.34
Growth (Per Share)
10 Yr5 Yr1 Yr
Revenue Growth (%)6.97.921.1
EBITDA Growth (%)8.49.9149.4
Oprt. Income Growth (%)9.19.959.6
EPS w/o NRI Growth (%)8.410.7403
Free Cash Flow Growth (%)15.215.911.4
Book Value Growth (%)7.77.136.9
Quarterly
Sep20Dec20Mar21Jun21Sep21
Revenue35624853386439364392
Net Income5238734561018692
EPS1.422.371.242.761.88
Revenue (YoY) %-8.554.9515.5261.9823.3
Net Income (YoY) %-12.156.73-7700-320.3532.31
EPS (YoY) %-11.855.92-6300-315.6332.39
Warning Signs
SEVEREGross Margin %: Declined
SEVEREAsset Growth: faster than revenue growth
Good Signs
GOODAltman Z-Score: Strong
Insider Trades
InsiderPositionDateTradesCur. Shares
Lauder William PExecutive Chair12/02/21-5872010468
Parsons Richard DDirector11/30/21-14003042
Lal Family Partners Lp10% Owner11/17/21-2000000--
Travis Tracey ThomasEVP & CFO11/10/21-4763842078
Moss Sara EVice Chairman11/05/21-203569947
Hertzmark Hudis JaneExecutive Group11/04/21-904339408
Haney Carl P.EVP Research Pr11/04/21-16827632
Demsey JohnGroup President11/03/21-60006607
O'hare MichaelEVP-Global Huma11/03/21-1961--
Haney Carl P.EVP-Global R&D11/03/21-15009314
As of 12-06-2021
* All financial numbers are in millions except for per share data, ratios and percentage change.
Gain % SP500 %
1W0.46-1.21
1M-1.32-2.43
3M-1.730.40
6M11.088.98
YTD26.7922.46
1Y37.4925.39
3Y30.6919.60
5Y35.2917.70
10Y19.6215.98
354.46
157.21
40.04
5M
2.3M
2011201220132014201520162017201820192020CurrentPerformance
65.3571.876.7790.2297.1398.19158.03183.95219.88318.08357.82Highest Stock Price
42.150.5664.7170.475.7375.8493.86122.46144.38187.81231.97Lowest Stock Price
210472551828433324873347435331523886612168024115068120690Market Cap
397394.9393.1385.7376.6373375.7370.4366.9368.2367.9Shares Outstanding-Diluted
25.0625.4924.2730.7330.7528.6548.3737.99101.4440.8340.64PE Ratio
7.77.767.388.929.378.0611.1715.0817.291919.89PB Ratio
2.212.552.663.13.043.033.924.564.847.227.25PS Ratio
12.9813.5412.6816.0616.8317.0220.1722.2139.528.4628.31EV-to-EBITDA
2012201320142015201620172018201920202021TTMPer Share Data
24.4725.7827.927.9529.931.736.4240.1338.9644.0446.28Revenue per Share
2.162.583.062.822.963.352.954.821.867.798.25Earnings per Share
1.781.942.613.813.363.455.154.794.528.136.69Free Cash Flow per Share
0.531.080.780.921.141.321.481.671.392.072.12Dividends per Share
4.275.767.325.795.443.14.053.640.54-1.81-1.16Tangible Book per Share
36.3640.0843.5446.9968.779.3795.37110.06111.77135.37144.03Median PS Value
14.4118.2922.4619.1719.0315.2916.3919.874.77----Graham Number
2012201320142015201620172018201920202021TTMIncome Statement
9713.610182109691078011262118241368314863142941621517045Revenue
7717.88155.88810.68680908193901083911476107421238112979Gross Profit
79.580.180.380.580.679.479.277.275.276.476.2Gross Margin %
6324.865976985.970747338746085538857863793719739Total Operating Expense
13931558.81824.716061743193022862619210530103240Operating Income
14.315.316.614.915.516.316.717.614.718.619Operating Margin %
856.91019.81204.11089111512491108178568428703039Net Income
8.8101110.19.910.68.1124.817.717.8Net Margin %
1322.21538.31836.216211626172021082440120735043727EBIT
16181875.22220.820302041218426392997181841554405EBITDA
3233.933.729.130.931.424.439.316.457.555.2ROE %
13.314.91613.512.8129.213.94.414.415.1ROA %
2012201320142015201620172018201920202021Sep21Balance Sheet
1347.71495.71629.11021.4914113621812987502249583995Cash & Equivalents
1060.31171.71379.31174.51258139514871831119417022265Total Receivables
65937145.27868.88226.99223115681256713156177812197121580Total Assets
21918.318.429.83321891835161597411652Short-Term Debt & CLO
1069.113261324.71595.11910338333612896719276887340Long-Term Debt & CLO
3845.53843.33999.44572.65636716678578745138191588015465Total Liabilities
2733.23286.93854.93643.23572438446884386393560576081Total Stockholders Equity
2747.53301.93869.43654.33587440247104411396260916115Total Equity
2012201320142015201620172018201920202021TTMCashflow Statement
1126.71226.31535.219431789179025622517228036313192Cash Flow from Operations
-428.3-465.5-511.6-1616-1269-2204-358473-1698-1864-1775Cash Flow from Investing
-592.7-387.7-667.2-983-890-413-759-1555-893-733-1265Repurchase of Stock
68.658.7-6.72996081357-10-1722723-607141Net Issuance of Debt
-585.1-611.5-856.9-895-605630-1172-21731461-1892-1716Cash Flow from Financing
94.7148133.4-608-10722210458062035-64-272Net Change in Cash
-420.7-461-510.2-473-525-504-629-744-623-637-726Capital Expenditure
706765.3102514701264128619331773165729942466Free Cash Flow
Competitor
TickerCompanyFinancial
Strength
Profitability
Rank
Market Cap
($M)
PE RatioPS RatioNet
Margin %
ROA %ROE %
XAMS:UNAUnilever PLC68132,25321.442.2810.637.7133.60
LSE:ULVRUnilever PLC68131,57821.442.2810.637.7133.60
NYSE:ELThe Estee Lauder Companies Inc59120,69040.647.2517.8315.0555.18
BOM:500696Hindustan Unilever Ltd8973,16188.5211.1216.9612.2517.69
NYSE:CLColgate-Palmolive Co5764,70524.533.7715.3716.85491.15
GuruFocus Manual of Stocks™  |  Dec 06, 2021
The Estee Lauder Companies Inc (NYSE:EL)
www.gurufocus.com/stock/NYSE:EL

Financial Strength[2] (Quarterly data, as of Sep. 2021) : Fair (5/10)

0
1
2
3
4
5
6
7
8
9

Cash-to-Debt : 0.50

Cash-to-Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. A high ratio indicates that a company is better able to pay back its debt, and is thus able to take on more debt if necessary.


Equity-to-Asset : 0.28

Equity-to-Asset ratio is calculated as total stockholders equity divided by its total assets. Equity-to-Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity-to-Asset ratio (more leveraged) may have higher ROE % because of the leverage.


Debt-to-Equity : 1.31

A high Debt-to-Equity ratio generally means that a company has been aggressive in financing its growth with debt.


Piotroski F-Score : 7

The Piotroski F-Score is used to determine the strength of a firm's financial position, with 9 being the best and 0 being the worst.

0
1
2
3
4
5
6
7
8
9


WACC : 7.67% vs ROIC : 23.23%

The weighted average cost of capital (WACC) is the rate that a company is expected to pay on average to all its security holders to finance its assets. Return on invested capital (ROIC) measures how well a company generates cash flow relative to the capital it has invested in its business.


Dividend Yield : 0.71%

Dividend yield is a way to measure how much cash flow you are getting for each dollar invested in an equity position.

GuruFocus Manual of Stocks™  |  Dec 06, 2021
The Estee Lauder Companies Inc (NYSE:EL)
www.gurufocus.com/stock/NYSE:EL

Profitability[3] (Annual data, as of Jun. 2021) : Good (9/10)

0
1
2
3
4
5
6
7
8
9

Revenue : $4,392 Mil vs Net Income : $692 Mil

Revenue is the amount of money that a company actually receives during a specific period, including discounts and deductions for returned merchandise. Net Income is a company's total profit. Net income is calculated by taking revenues and adjusting for the cost of doing business, depreciation, interest, taxes and other expenses.


Cash & Equivalents : $3,995 Mil vs Long-Term Debt* : $7,340 Mil

Cash & equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash. Long-Term Debt* consists of loans and obligations lasting over one year.


Operating Margin % : 21.43%

Operating margin % measures how much profit a company makes on a dollar of sales. Operating Margin % is calculated as Operating Income divided by Revenue.


EPS without NRI : $1.88

Earnings Per Share without Non-Recurring Items is the amount of earnings without non-recurring items per outstanding share of the company's stock. In calculating earnings per share without non-recurring items, the dividends of preferred stocks and Non Operating Income need to subtracted from the total net income first.


Dividends per Share : $0.53

Dividends per Share is the amount of dividends that the shareholders of a company receive on a per-share basis. It is calculated using the total dividends paid out to shareholders over one fiscal year and the number of shares outstanding.


Free Cash Flow per Share : $-0.78

Free Cash flow per Share is the amount of Free cash flow per outstanding share of the company's stock.

GuruFocus Manual of Stocks™  |  Dec 06, 2021
The Estee Lauder Companies Inc (NYSE:EL)
www.gurufocus.com/stock/NYSE:EL

Valuation (Quarterly data, as of Sep. 2021)

These valuation metrics should give you a sense of reasonable prices, but be careful with them. Always seek to understand why a valuation is changing over time.


Valuation Chart (Current stock price : $335.30)


PE Ratio without NRI : 36.36

The price-to-earnings ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than regular PE Ratio.


PB Ratio : 17.79

The price-to-book ratio measures the valuation of the stock relative to the underlying asset of the company.


PS Ratio : 6.48

The price-to-sales ratio is a valuation ratio that compares a company’s stock price to its revenues. The price-to-sales ratio is an indicator of the value placed on each dollar of a company’s sales or revenues.


Price-to-Free-Cash-Flow : 44.81

Price-to-free-cash-flow is very similar to the valuation metric of price-to-operating-cash-flow but is considered a more exact measure, owing to the fact that it uses free cash flow, which subtracts capital expenditures from a company's total operating cash flow, thereby reflecting the actual cash flow available to fund non-asset-related growth.


EV-to-EBIT : 30.10

Enterprise value of a company divided by its trailing 12 months earnings before interest and taxes (EBIT).

GuruFocus Manual of Stocks™  |  Dec 06, 2021
The Estee Lauder Companies Inc (NYSE:EL)
www.gurufocus.com/stock/NYSE:EL

Valuation Bands

In these charts the 10-year valuation bands of the price-to-earnings ratio (PE Ratio), price-to-book ratio (PB Ratio), price-to-sales ratio (PS Ratio) and price-to-operating-cash-flow ratio (POCF) are drawn together with the historical stock prices. For example, the upper line of the PE band is where the stock price would have been if it were always traded at the maximum PE ratio of the past 10 years. The lower line of the PE band is where the stock price would have been if it were always traded at the lowest PE ratio of the past 10 years. It is always better if the stock price is close to the lower line, which indicates a lower valuation.


Historical Price and PE Band


Historical Price and PS Band


Historical Price and PB Band


Historical Price and Price-to-Operating-Cash-Flow (POCF) Band

GuruFocus Manual of Stocks™  |  Dec 06, 2021
The Estee Lauder Companies Inc (NYSE:EL)
www.gurufocus.com/stock/NYSE:EL

Warning Signs

GuruFocus conducted a thorough checkup using a checklist of 32 items that cover the areas of financial strength, profitability, growth, and valuation of each company. The purpose of Warning Signs is to warn you that the company may have red flags in certain areas, helping to avoid overlooking them. These warning signs do not necessarily mean you should not invest in the stock. But you should be aware of them before you invest.


Severe Warning Signs

Gross Margin % : Declined

The Estee Lauder Companies Inc gross margin has been in long term decline. The average rate of decline per year is -1.3%.

Asset Growth : faster than revenue growth

If a company builds asset at 14.3% a year, faster than its revenue growth rate of 7.9% over the past 5 years, it means that the company may be getting less efficent.

Good Signs

Altman Z-Score : Strong

Altman Z-score of 7.11 is strong.

Piotroski F-Score : High

Piotroski F-Score is 7, indicating very healthy situation.

Beneish M-Score : Unlikely manipulator

Beneish M-Score -2.22 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

Medium Warning Signs

Price : Close to 10-year high

The Estee Lauder Companies Inc stock Price is close to 10-year high

PB Ratio : Close to 10-year high

The Estee Lauder Companies Inc stock PB Ratio (=19.89) is close to 10-year high of 20.93

PS Ratio : Close to 10-year high

The Estee Lauder Companies Inc stock PS Ratio (=7.25) is close to 10-year high of 7.85

Insider Sell : Insider Selling

There were 11 insider selling transactions and no insider buying over the past 3 months. 2,140,411 shares were sold.
GuruFocus Manual of Stocks™  |  Dec 06, 2021
The Estee Lauder Companies Inc (NYSE:EL)
www.gurufocus.com/stock/NYSE:EL

Competitive Comparison


5 Year Price Change Comparison


Financial Strength

CompanyFinancial StrengthCash-to-DebtEquity-to-AssetDebt-to-EquityInterest CoveragePiotroski F-ScoreAltman Z-ScoreBeneish M-ScoreWACC %ROIC %
OTCPK:AATPAgape ATP Corp7/1010.790.810.06N/A41835.81-4.952.76-59.57
NAS:HELEHelen Of Troy Ltd6/100.060.530.4021.6845.14-2.196.0513.23
NYSE:CHDChurch & Dwight Co Inc5/100.100.480.5119.7065.70-2.353.9913.23
NYSE:CLColgate-Palmolive Co5/100.120.0413.0218.7866.67-2.554.3426.47
NYSE:ELThe Estee Lauder Companies Inc5/100.500.281.3119.0677.11-2.227.6723.23
NYSE:CLXClorox Co4/100.070.068.789.8353.74-2.652.2615.32
NYSE:KMBKimberly-Clark Corp4/100.030.0318.8710.8953.70-2.283.7216.74
NAS:NWLNewell Brands Inc4/100.090.281.404.0261.28-2.604.988.54
NYSE:SPBSpectrum Brands Holdings Inc3/100.070.281.731.6571.75-2.787.39-5.94
NYSE:COTYCoty Inc2/100.070.261.520.7570.27-2.6110.200.24

Profitability

CompanyProfitability RankOperating
Margin %
Net Margin %ROE %ROA %Price-to-Free-Cash-FlowROC (Joel Greenblatt) %3-Year Revenue Growth %3-Year EBITDA Growth %3-Year EPS w/o NRI Growth %
NYSE:CHDChurch & Dwight Co Inc9/1021.3716.0225.0911.1931.36179.239.6012.602.50
NYSE:ELThe Estee Lauder Companies Inc9/1019.0117.8355.1815.0550.0977.546.5017.1038.20
NYSE:CLXClorox Co8/1013.466.0457.186.6934.1941.777.40-1.40-3.80
NAS:HELEHelen Of Troy Ltd8/1012.309.9217.239.330.0047.6915.4019.6028.70
NYSE:CLColgate-Palmolive Co7/1022.6415.37491.1516.8524.69107.043.303.1011.30
NYSE:KMBKimberly-Clark Corp7/1014.4410.34402.9111.4930.7134.402.700.802.40
NAS:NWLNewell Brands Inc6/1010.225.7615.484.1411.2938.06-1.100.000.00
NYSE:SPBSpectrum Brands Holdings Inc5/106.396.3213.083.6017.899.81-12.30-18.60-66.90
NYSE:COTYCoty Inc4/103.63-4.03-10.10-1.3417.6424.41-12.800.0025.90
OTCPK:AATPAgape ATP Corp2/10-118.82-110.58-27.71-22.820.00-96.140.000.000.00

Valuation

CompanyPE RatioPB RatioPS RatioPrice-to-Intrinsic-Value-Projected-FCFPrice-to-Intrinsic-Value-DCF (Earnings Based)Price-to-Median-PS-ValuePrice-to-Peter-Lynch-Fair-ValuePrice-to-Graham-NumberEarnings Yield (Joel Greenblatt) %Forward Rate of Return (Yacktman) %
OTCPK:AATPAgape ATP CorpAt Loss727.272000.000.000.000.000.000.00-0.050.00
NYSE:COTYCoty IncAt Loss2.371.491.700.000.000.000.003.45-6.07
NAS:NWLNewell Brands Inc15.432.280.890.790.000.680.000.006.585.64
NYSE:SPBSpectrum Brands Holdings Inc22.452.811.410.800.002.340.000.001.630.00
NYSE:KMBKimberly-Clark Corp23.0396.162.382.320.001.050.000.005.004.95
NYSE:CLColgate-Palmolive Co24.53109.513.772.210.001.010.000.005.437.00
NAS:HELEHelen Of Troy Ltd27.744.572.751.601.251.501.856.374.1117.84
NYSE:CHDChurch & Dwight Co Inc28.326.444.521.851.151.282.490.004.4514.57
NYSE:ELThe Estee Lauder Companies Inc40.6419.897.255.532.172.335.480.002.998.86
NYSE:CLXClorox Co48.6056.152.922.622.531.020.000.002.786.28
GuruFocus Manual of Stocks™  |  Dec 06, 2021
The Estee Lauder Companies Inc (NYSE:EL)
www.gurufocus.com/stock/NYSE:EL

Peter Lynch Chart[4]

GuruFocus Manual of Stocks™  |  Dec 06, 2021
The Estee Lauder Companies Inc (NYSE:EL)
www.gurufocus.com/stock/NYSE:EL

Per Share Data



Per Share Data

Jun06
Jun07
Jun08
Jun09
Jun10
Jun11
Jun12
Jun13
Jun14
Jun15
Jun16
Jun17
Jun18
Jun19
Jun20
Jun21
TTM Fiscal Period
14.87
16.93
20.07
18.52
19.42
21.89
24.47
25.78
27.9
27.95
29.9
31.7
36.42
40.13
38.96
44.04
46.28
Revenue per Share
1.88
2.3
2.69
2.05
2.63
3.44
4.08
4.75
5.65
5.26
5.42
5.86
7.02
8.09
4.96
11.29
11.96
EBITDA per Share
1.43
1.8
2.06
1.41
1.97
2.71
3.33
3.9
4.67
4.2
4.32
4.61
5.61
6.59
3.29
9.52
10.12
EBIT per Share
0.56
1.08
1.2
0.55
1.19
1.74
2.16
2.58
3.06
2.82
2.96
3.35
2.95
4.82
1.86
7.79
8.25
Earnings per Share (Diluted)
0.75
1.08
1.2
0.55
1.19
1.74
2.16
2.58
3.06
2.82
2.96
3.35
2.95
4.82
1.86
7.79
8.25
EPS without NRI
0.97
1.03
0.97
0.84
1.57
1.71
2.04
2
2.63
3.74
3.16
3.2
5.16
4.84
1.72
8.95
7.69
Owner Earnings per Share (TTM)
1.03
0.84
0.84
1.05
1.71
1.68
1.78
1.94
2.61
3.81
3.36
3.45
5.15
4.79
4.52
8.13
6.69
Free Cash Flow per Share
1.63
1.59
1.75
1.76
2.38
2.55
2.84
3.11
3.91
5.04
4.75
4.8
6.82
6.8
6.21
9.86
8.67
Operating Cash Flow per Share
0.87
0.65
1.04
2.2
2.83
3.18
3.47
3.86
4.26
4.07
3.76
4.73
7.4
8.27
13.93
13.71
11.08
Cash per Share
0.2
0.25
0.28
0.28
0.28
0.38
0.53
1.08
0.78
0.92
1.14
1.32
1.48
1.67
1.39
2.07
2.12
Dividends per Share
3.83
3.09
4.26
4.17
4.93
6.66
7.03
8.47
10.07
9.72
9.71
11.91
12.77
12.15
10.92
16.74
16.86
Book Value per Share
2.15
1.12
1.94
1.86
2.75
3.86
4.27
5.76
7.32
5.79
5.44
3.1
4.05
3.64
0.54
-1.81
-1.16
Tangible Book per Share
1.23
2.8
3.09
3.61
3.11
3.09
3.31
3.47
3.51
4.33
6.1
9.7
9.65
9.45
24.38
22.39
22.16
Total Debt per Share
19.34
23.14
23.23
16.34
27.87
52.6
54.12
65.77
74.26
86.66
91.02
95.98
143
183
189
318
335
Month End Stock Price

Ratios

Jun06
Jun07
Jun08
Jun09
Jun10
Jun11
Jun12
Jun13
Jun14
Jun15
Jun16
Jun17
Jun18
Jun19
Jun20
Jun21
TTM Fiscal Period
14.73
31.84
33.22
13.26
26.66
30.62
31.96
33.88
33.72
29.05
30.91
31.4
24.43
39.34
16.44
57.45
55.18
ROE %
2.92
4.25
6.1
3.38
4.71
3.88
4.15
4.37
4.57
3.26
3.3
3.9
2.19
2.61
0.95
3.02
2.77
ROE % Adjusted to Book Value
6.37
11.36
10.37
4.29
9.1
12.07
13.32
14.85
16.04
13.53
12.78
12.01
9.18
13.88
4.42
14.44
15.05
ROA %
26.98
66.86
79.85
29.47
52.66
53.68
53.81
52.35
47.78
43.77
53.45
79.53
84.35
127
90.54
Neg. E
496
Return-on-Tangible-Equity
7.92
13.97
12.68
5.21
10.94
14.54
16.03
17.56
18.65
16.05
15.48
15.64
12.53
18.35
5.67
19.59
19.87
Return-on-Tangible-Asset
51.05
56.72
49.52
31.93
50.56
67.11
73.38
75.62
75
68.85
78.84
79.34
95.62
112
35.35
77.05
77.54
ROC (Joel Greenblatt) %
26.18
30.17
27.31
15.88
21.12
26.92
30.06
31.79
33.32
27.22
25.73
22.5
23.42
27.4
11.41
23.94
24.86
ROCE %
16.78
21.37
19.66
12.49
20.91
24.21
25.66
27.26
28.11
23.12
22.72
21.87
17.13
27.74
15.16
21
23.23
ROIC %
9.67
8.64
4.83
9.82
9.63
11.28
8.43
9.68
8.57
8.65
6.03
6.24
4.63
6.52
5.75
7.25
7.67
WACC %
--
--
5.85
5.78
7.67
5.22
4.88
4.79
4.42
4.04
3.67
3.54
3.6
3.82
2.64
2.05
2.08
Effective Interest Rate on Debt %
73.91
74.78
74.76
74.31
76.53
78.01
79.45
80.1
80.32
80.52
80.63
79.41
79.22
77.21
75.15
76.36
76.15
Gross Margin %
9.59
10.66
10.43
7.62
11.32
13.35
14.34
15.31
16.64
14.9
15.48
16.32
16.71
17.62
14.73
18.56
19.01
Operating Margin %
3.78
6.38
5.99
2.98
6.14
7.95
8.82
10.02
10.98
10.1
9.9
10.56
8.1
12.01
4.79
17.7
17.83
Net Margin %
6.95
4.97
4.2
5.68
8.8
7.67
7.27
7.52
9.34
13.64
11.22
10.88
14.13
11.93
11.59
18.46
14.47
FCF Margin %
0.32
0.91
0.72
0.87
0.63
0.46
0.47
0.41
0.35
0.45
0.63
0.82
0.76
0.78
2.23
1.34
1.31
Debt-to-Equity
0.43
0.29
0.33
0.32
0.37
0.42
0.42
0.46
0.49
0.44
0.39
0.38
0.37
0.33
0.22
0.28
0.28
Equity-to-Asset
0.14
0.26
0.24
0.28
0.23
0.19
0.2
0.19
0.17
0.2
0.24
0.31
0.28
0.26
0.49
0.37
0.37
Debt-to-Asset
0.57
0.7
0.67
0.68
0.63
0.58
0.58
0.54
0.51
0.56
0.61
0.62
0.63
0.67
0.78
0.72
0.72
Liabilities-to-Assets
125
133
129
107
114
118
120
119
117
108
104
90.33
89.82
89.23
69.44
62.29
64.28
Gross-Profit-to-Asset %
1.69
1.78
1.73
1.44
1.48
1.52
1.51
1.48
1.46
1.34
1.29
1.14
1.13
1.16
0.92
0.82
0.84
Asset Turnover
0.27
0.23
0.23
0.5
0.23
0.22
0.24
0.42
0.26
0.33
0.39
0.39
0.5
0.35
0.75
0.27
0.26
Dividend Payout Ratio
43.7
42.31
43.82
47.15
37.44
35.05
37.69
40.01
42.44
43.23
39.42
40.95
38.44
40.74
38.62
32.59
40.63
Days Sales Outstanding
55.61
59.56
61.82
67.07
75.32
82.15
86
87.88
85.09
101
113
116
129
144
137
137
124
Days Payable
166
167
168
173
162
172
181
189
204
218
208
206
199
195
209
217
208
Days Inventory
154
150
150
153
124
125
133
141
161
161
134
130
108
92.04
111
113
124
Cash Conversion Cycle
2.2
2.19
2.17
2.11
2.26
2.13
2.02
1.93
1.79
1.67
1.76
1.77
1.84
1.87
1.75
1.68
1.75
Inventory Turnover
0.26
0.25
0.25
0.26
0.23
0.22
0.21
0.2
0.2
0.19
0.19
0.21
0.21
0.23
0.25
0.24
0.24
COGS-to-Revenue
0.12
0.12
0.12
0.12
0.1
0.1
0.1
0.1
0.11
0.12
0.11
0.12
0.11
0.12
0.14
0.14
0.14
Inventory-to-Revenue
0.04
0.04
0.05
0.04
0.04
0.04
0.04
0.05
0.05
0.04
0.05
0.04
0.05
0.05
0.04
0.04
0.04
Capex-to-Revenue
* All financial numbers are in millions except for per share data, ratios and percentage change. When Return-on-Tangible-Equity displays Neg. E, it means the the tangible equity is negative.
GuruFocus Manual of Stocks™  |  Dec 06, 2021
The Estee Lauder Companies Inc (NYSE:EL)
www.gurufocus.com/stock/NYSE:EL

Financial Satement



Income Statement

Jun06
Jun07
Jun08
Jun09
Jun10
Jun11
Jun12
Jun13
Jun14
Jun15
Jun16
Jun17
Jun18
Jun19
Jun20
Jun21
TTM Fiscal Period
6464
7038
7911
7324
7796
8810
9714
10182
10969
10780
11262
11824
13683
14863
14294
16215
17045
Revenue
1687
1775
1997
1882
1829
1937
1996
2026
2158
2100
2181
2434
2844
3387
3552
3834
4066
Cost of Goods Sold
4777
5263
5914
5442
5966
6873
7718
8156
8811
8680
9081
9390
10839
11476
10742
12381
12979
Gross Profit
73.91
74.78
74.76
74.31
76.53
78.01
79.45
80.1
80.32
80.52
80.63
79.41
79.22
77.21
75.15
76.36
76.15
Gross Margin %
4066
4512
5089
4884
5067
5697
6325
6597
6986
7074
7338
7460
8553
8857
8637
9371
9739
Selling, General, & Admin. Expense
92.1
1.1
--
--
16.6
0
--
--
0
--
--
--
--
--
--
--
-- Other Operating Expense
4158
4513
5089
4884
5084
5697
6325
6597
6986
7074
7338
7460
8553
8857
8637
9371
9739
Total Operating Expense
620
750
825
558
883
1176
1393
1559
1825
1606
1743
1930
2286
2619
2105
3010
3240
Operating Income
9.59
10.66
10.43
7.62
11.32
13.35
14.34
15.31
16.64
14.9
15.48
16.32
16.71
17.62
14.73
18.56
19.01
Operating Margin %
--
--
--
--
--
--
--
8.3
8.6
15
16
28
56
58
48
51
41
  Interest Income
--
--
-66.8
-75.7
-102
-63.9
-61.1
-63.1
-59.4
-60
-71
-103
-128
-133
-161
-173
-170
  Interest Expense
--
--
-66.8
-75.7
-102
-63.9
-61.1
-54.8
-50.8
-45
-55
-75
-72
-75
-113
-122
-129
Net Interest Income
-23.8
-38.9
-14.4
-140
-92.9
-87
-70.8
-28.8
2.9
--
-133
-238
-234
-237
-946
443
446
Other Income (Expense)
596
711
744
343
688
1026
1261
1475
1777
1561
1555
1617
1980
2307
1046
3331
3557
Pre-Tax Income
-260
-255
-260
-116
-206
-322
-401
-451
-568
-467
-434
-361
-863
-513
-350
-456
-512
Tax Provision
43.59
35.89
34.94
33.82
29.91
31.37
31.77
30.6
31.95
29.92
27.91
22.33
43.59
22.24
33.46
13.69
14.39
Tax Rate %
325
449
484
227
482
704
861
1024
1209
1094
1121
1256
1117
1794
696
2875
3045
Net Income (Continuing Operations)
-80.3
0.5
--
--
--
--
--
--
--
--
--
--
--
--
--
--
-- Net Income (Discontinued Operations)
-11.6
-7.1
-10.2
-8.4
-4.1
-3
-3.6
-4
-5
-5
-6
-7
-9
-9
-12
-5
-6
  Other Income (Minority Interest)
244
449
474
218
478
701
857
1020
1204
1089
1115
1249
1108
1785
684
2870
3039
Net Income
3.78
6.38
5.99
2.98
6.14
7.95
8.82
10.02
10.98
10.1
9.9
10.56
8.1
12.01
4.79
17.7
17.83
Net Margin %
0.57
1.1
1.22
0.56
1.21
1.78
2.2
2.63
3.12
2.87
3.01
3.4
3.01
4.91
1.9
7.91
8.37
EPS (Basic)
0.56
1.08
1.2
0.55
1.19
1.74
2.16
2.58
3.06
2.82
2.96
3.35
2.95
4.82
1.86
7.79
8.25
EPS (Diluted)
435
416
394
395
401
402
397
395
393
386
377
373
376
370
367
368
368
Shares Outstanding (Diluted Average)
620
750
811
558
790
1089
1322
1538
1836
1621
1626
1720
2108
2440
1207
3504
3727
EBIT
198
207
251
254
264
294
296
337
385
409
415
464
531
557
611
651
678
Depreciation, Depletion and Amortization
818
957
1061
812
1054
1384
1618
1875
2221
2030
2041
2184
2639
2997
1818
4155
4405
EBITDA

Cashflow Statement

Jun06
Jun07
Jun08
Jun09
Jun10
Jun11
Jun12
Jun13
Jun14
Jun15
Jun16
Jun17
Jun18
Jun19
Jun20
Jun21
TTM Fiscal Period
244
449
474
227
482
704
861
1024
1209
1094
1121
1256
1117
1794
696
2875
3045
Net Income From Continuing Operations
198
207
251
254
264
294
296
337
385
409
415
464
531
557
611
651
678
Depreciation, Depletion and Amortization
14.6
-68
-86.5
104
79.2
-125
-178
-113
-196
103
-101
-92
-105
-169
625
-398
-374
  Change In Receivables
1.9
-70.8
-70.7
126
-60.8
-95.1
-41.2
-135
-157
-26
-69
-85
-147
-375
-3
-140
-224
  Change In Inventory
9.1
46.4
140
12.6
24.8
-17
68.3
42.4
203
264
387
278
815
604
-477
1135
634
  Change In Payables And Accrued Expense
198
27.7
14.2
-37.4
114
203
93.7
-3.2
-45.2
8
-72
-90
1
-62
-156
-43
-122
  Change In Other Working Capital
224
-64.7
-3.3
205
157
-33.6
-57.6
-208
-195
349
145
11
564
-2
-11
554
-86
Change In Working Capital
-74.3
9.9
-116
-108
-24.7
-24.5
-22.1
-76.1
-56.4
-53
-94
-118
175
-66
-143
-230
-248
Deferred Tax
--
--
47.2
51.5
57
94.8
125
146
153
165
184
219
236
243
213
327
342
Stock Based Compensation
--
--
14
63.1
48.4
38
21.7
17.7
--
--
--
31
--
90
1426
188
-- Asset Impairment Charge
-17.5
-6.2
--
--
--
--
--
--
--
--
--
--
--
--
--
--
-- Cash from Discontinued Operating Activities
135
66.2
23.3
4.1
-27.5
-45.9
-96.3
-13.5
40.6
-21
18
-73
-61
-99
-512
-734
-539
Cash Flow from Others
710
662
690
696
957
1027
1127
1226
1535
1943
1789
1790
2562
2517
2280
3631
3192
Cash Flow from Operations
-261
-312
-358
-280
-271
-351
-421
-461
-510
-473
-525
-504
-629
-744
-623
-637
-726
Purchase Of Property, Plant, Equipment
--
--
--
--
--
--
--
--
--
--
--
12
--
2
--
--
-- Sale Of Property, Plant, Equipment
--
--
-116
-68.5
-10.7
-256
-7.6
-8.7
-9.2
-241
-101
-1671
--
--
-1047
-1065
-1059
Purchase Of Business
-0.1
-0.5
-4.7
-0.4
-0.1
--
--
-2.8
-0.6
-1207
-2016
-1267
-478
-14
-28
-194
-48
Purchase Of Investment
0.5
--
--
9.2
--
0.2
--
7
8.4
305
1373
1226
749
1229
--
--
58
Sale Of Investment
-0.6
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
-- Cash From Discontinued Investing Activities
-42.4
-61.2
0
0
0
0
-0
-0
-0
--
--
--
--
--
--
32
-- Cash From Other Investing Activities
-303
-374
-479
-340
-281
-607
-428
-466
-512
-1616
-1269
-2204
-358
473
-1698
-1864
-1775
Cash Flow from Investing
67.3
154
117
--
--
--
--
--
--
--
--
--
--
--
--
--
-- Issuance of Stock
-401
-1004
-130
-62.6
-267
-397
-593
-388
-667
-983
-890
-413
-759
-1555
-893
-733
-1265
Repurchase of Stock
--
553
54.8
298
--
0.4
197
499
5.1
307
616
1663
--
--
3236
596
602
  Issuance of Debt
-180
--
-5.9
-104
-235
-16.5
-129
-440
-11.8
-8
-8
-306
-10
-172
-513
-1203
-461
  Payments of Debt
-180
553
48.9
194
-235
-16.1
68.6
58.7
-6.7
299
608
1357
-10
-172
2723
-607
141
Net Issuance of Debt
-85.4
-104
-116
-117
-109
-148
-204
-419
-302
-350
-423
-486
-546
-609
-503
-753
-771
Cash Flow for Dividends
3.8
-11.2
1.1
111
204
248
143
137
119
139
100
172
143
163
134
201
179
Other Financing
-595
-412
-78.1
126
-406
-313
-585
-612
-857
-895
-605
630
-1172
-2173
1461
-1892
-1716
Cash Flow from Financing
3.3
8.9
14.5
-19.5
-13
25.3
-18.6
-1.3
-33.3
-40
-22
6
13
-11
-8
61
27
Effect of Exchange Rate Changes
-185
-115
148
463
256
132
94.7
148
133
-608
-107
222
1045
806
2035
-64
-272
Net Change in Cash
-261
-312
-358
-280
-271
-351
-421
-461
-510
-473
-525
-504
-629
-744
-623
-637
-726
Capital Expenditure
449
350
332
416
686
676
706
765
1025
1470
1264
1286
1933
1773
1657
2994
2466
Free Cash Flow
* All financial numbers are in millions except for per share data, ratios and percentage change.
GuruFocus Manual of Stocks™  |  Dec 06, 2021
The Estee Lauder Companies Inc (NYSE:EL)
www.gurufocus.com/stock/NYSE:EL

Financial Satement


Balance Sheet

Jun06
Jun07
Jun08
Jun09
Jun10
Jun11
Jun12
Jun13
Jun14
Jun15
Jun16
Jun17
Jun18
Jun19
Jun20
Jun21
TTM Fiscal Period
369
254
402
865
1121
1253
1348
1496
1629
1021
914
1136
2181
2987
5022
4958
3995
  Cash And Cash Equivalents
--
--
--
--
--
--
--
--
--
504
469
605
534
--
--
--
--   Marketable Securities
369
254
402
865
1121
1253
1348
1496
1629
1525
1383
1741
2715
2987
5022
4958
3995
Cash, Cash Equivalents, Marketable Securities
771
861
1039
853
746
946
1060
1172
1379
1175
1258
1395
1487
1831
1194
1702
2265
  Accounts Receivable
771
861
1039
853
746
946
1060
1172
1379
1175
1258
1395
1487
1831
1194
1702
2265
Total Receivables
151
180
436
376
370
427
221
274
318
307
306
334
432
541
542
674
697
  Inventories, Raw Materials & Components
44.2
49.2
56.8
43.8
78.6
93.6
98
117
192
169
177
194
222
268
305
330
290
  Inventories, Work In Process
407
431
495
376
378
475
665
723
784
740
781
951
964
1197
1215
1501
1646
  Inventories, Finished Goods
164
196
--
--
0
--
0
--
--
--
--
--
--
--
--
--
--   Inventories, Other
766
856
987
795
827
996
984
1114
1294
1216
1264
1479
1618
2006
2062
2505
2633
Total Inventories
271
269
360
400
428
492
464
516
523
268
320
349
348
388
614
603
593
Other Current Assets
2177
2239
2787
2913
3121
3687
3855
4297
4825
4184
4225
4964
6168
7212
8892
9768
9486
Total Current Assets
--
--
24.1
12.7
--
--
--
--
13.6
420
1108
1026
843
--
--
--
-- Investments And Advances
13.7
14.4
14.9
14.5
14.3
15
14.6
14.7
15.4
15.4
15
30
30
29
33
55
53
  Land And Improvements
953
1085
184
183
173
196
189
195
205
185
187
192
237
337
400
524
257
  Buildings And Improvements
911
1013
1105
1166
1257
1436
1538
1668
1744
1757
1805
1879
2016
2191
2320
2610
2416
  Machinery, Furniture, Equipment
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
744
  Construction In Progress
--
--
1091
1113
1081
1215
1227
1350
1566
1622
1789
1918
2152
2274
4663
4619
4413
  Other Gross PPE
1877
2112
2394
2477
2525
2862
2968
3228
3530
3580
3796
4019
4435
4831
7416
7808
7883
Gross Property, Plant and Equipment
-1119
-1232
-1351
-1450
-1501
-1719
-1737
-1877
-2027
-2089
-2213
-2348
-2612
-2763
-3079
-3338
-3412
  Accumulated Depreciation
758
881
1043
1027
1024
1143
1232
1351
1503
1490
1583
1671
1823
2068
4337
4470
4471
Property, Plant and Equipment
713
765
901
910
862
1105
1073
1051
1051
1471
1572
3243
3202
3071
3739
6711
6498
Intangible Assets
636
651
709
760
753
877
883
882
893
1145
1228
1916
1926
1868
1401
2616
2575
  Goodwill
136
241
256
315
329
340
433
446
477
661
735
664
531
805
813
1022
1125
Other Long Term Assets
1607
1886
2224
2264
2215
2587
2738
2848
3044
4043
4998
6604
6399
5944
8889
12203
12094
Total Long-Term Assets
3784
4126
5011
5177
5336
6274
6593
7145
7869
8227
9223
11568
12567
13156
17781
21971
21580
Total Assets
265
315
362
330
425
447
494
482
525
635
717
835
1182
1490
1177
1692
1485
  Accounts Payable
--
--
--
--
109
187
230
217
275
142
163
190
--
--
250
359
647
  Total Tax Payable
1084
1126
1219
1096
648
749
751
784
771
859
965
1087
1333
1711
1509
1844
1700
  Current Accrued Expense
1349
1440
1581
1425
1183
1383
1475
1483
1570
1637
1845
2112
2515
3201
2936
3895
3832
Accounts Payable & Accrued Expense
89.7
60.4
119
33.8
23.4
138
219
18.3
18.4
29.8
332
189
183
516
1222
32
281
  Short-Term Debt
--
--
--
--
--
--
--
--
--
--
--
--
--
--
375
379
371
  Short-Term Capital Lease Obligation
89.7
60.4
119
33.8
23.4
138
219
18.3
18.4
29.8
332
189
183
516
1597
411
652
Short-Term Debt & Capital Lease Obligation
--
--
--
--
--
--
--
--
--
--
--
--
33
314
222
322
379
  Current Deferred Revenue
--
--
--
--
--
--
--
--
--
--
--
--
33
314
222
322
379
DeferredTaxAndRevenue
--
--
--
--
366
422
431
433
468
463
504
522
579
574
424
670
456
Other Current Liabilities
1438
1501
1699
1459
1572
1943
2126
1935
2057
2130
2681
2823
3310
4605
5179
5298
5319
Total Current Liabilities
432
1028
1078
1388
1205
1080
1069
1326
1325
1595
1910
3383
3361
2896
4914
5537
5267
  Long-Term Debt
--
--
--
--
--
--
--
--
--
--
--
--
--
--
2278
2151
2073
  Long-Term Capital Lease Obligation
432
1028
1078
1388
1205
1080
1069
1326
1325
1595
1910
3383
3361
2896
7192
7688
7340
Long-Term Debt & Capital Lease Obligation
0.32
0.91
0.72
0.87
0.63
0.46
0.47
0.41
0.35
0.45
0.63
0.82
0.76
0.78
2.23
1.34
1.31
Debt-to-Equity
266
377
554
666
593
604
651
583
618
848
1045
960
1186
1244
1448
2894
2806
Other Long-Term Liabilities
698
1405
1632
2053
1798
1684
1720
1909
1943
2443
2955
4343
4547
4140
8640
10582
10146
Total Long-Term Liabilities
2136
2905
3331
3513
3370
3627
3846
3843
3999
4573
5636
7166
7857
8745
13819
15880
15465
Total Liabilities
2.5
2.6
2.6
2.6
2.7
2.7
5.5
5.6
5.6
5.7
6
6
6
6
6
6
6
Common Stock
2362
2732
3085
3195
3564
4117
4765
5364
6266
7004
7693
8452
9040
9984
10134
12244
12864
Retained Earnings
64.7
54.7
111
-117
-197
17.7
-213
-158
-100
-382
-545
-484
-434
-563
-665
-470
-625
Accumulated other comprehensive income (loss)
581
802
979
1146
1429
1736
2006
2290
2563
2872
3161
3559
3972
4403
4790
5335
5450
Additional Paid-In Capital
-1388
-2392
-2524
-2586
-2850
-3243
-3830
-4215
-4879
-5857
-6743
-7149
-7896
-9444
-10330
-11058
-11614
Treasury Stock
-0
-0
0
--
0
--
--
-0
-0
--
--
--
--
--
--
--
-- Other Stockholders Equity
1622
1199
1653
1640
1948
2629
2733
3287
3855
3643
3572
4384
4688
4386
3935
6057
6081
Total Stockholders Equity
25.4
21.3
26.6
24
17
17.6
14.3
15
14.5
11.1
15
18
22
25
27
34
34
Minority Interest
1648
1220
1680
1664
1965
2647
2748
3302
3869
3654
3587
4402
4710
4411
3962
6091
6115
Total Equity
0.43
0.29
0.33
0.32
0.37
0.42
0.42
0.46
0.49
0.44
0.39
0.38
0.37
0.33
0.22
0.28
0.28
Equity-to-Asset
* All financial numbers are in millions except for per share data, ratios and percentage change.
GuruFocus Manual of Stocks™  |  Dec 06, 2021
The Estee Lauder Companies Inc (NYSE:EL)
www.gurufocus.com/stock/NYSE:EL

Valuation Ratios



Valuation Ratios

Jun06
Jun07
Jun08
Jun09
Jun10
Jun11
Jun12
Jun13
Jun14
Jun15
Jun16
Jun17
Jun18
Jun19
Jun20
Jun21
TTM Fiscal Period
34.54
21.43
19.36
29.71
23.42
30.23
25.06
25.49
24.27
30.73
30.75
28.65
48.37
37.99
101
40.83
40.64
PE Ratio
25.96
21.43
19.36
29.71
23.42
30.23
25.06
25.49
24.27
30.73
30.75
28.65
48.37
37.99
101
40.83
40.64
PE Ratio without NRI
20.02
22.44
23.85
19.55
17.79
30.76
26.57
32.95
28.25
23.15
28.77
29.98
27.67
37.86
110
35.54
43.59
Price-to-Owner-Earnings
5.05
7.5
5.45
3.92
5.66
7.89
7.7
7.76
7.38
8.92
9.37
8.06
11.17
15.08
17.29
19
19.89
PB Ratio
9.01
20.7
11.97
8.8
10.15
13.61
12.67
11.41
10.14
14.96
16.74
30.96
35.26
50.28
347
--
-- Price-to-Tangible-Book
18.72
27.51
27.56
15.52
16.31
31.31
30.44
33.94
28.48
22.74
27.12
27.84
27.73
38.25
41.78
39.12
50.09
Price-to-Free-Cash-Flow
11.85
14.54
13.27
9.28
11.7
20.61
19.07
21.18
19.02
17.2
19.16
20
20.93
26.95
30.36
32.26
38.7
Price-to-Operating-Cash-Flow
1.3
1.37
1.16
0.88
1.43
2.4
2.21
2.55
2.66
3.1
3.04
3.03
3.92
4.56
4.84
7.22
7.25
PS Ratio
2.4
1.79
1.86
4.34
2.91
3.06
2.03
1.61
1.35
2.11
3.22
4.63
7.68
4.49
12.48
7.53
4.11
PEG Ratio
1.29
1.4
1.24
0.96
1.43
2.35
2.16
2.49
2.57
3.02
3.05
3.14
3.89
4.48
5.02
7.29
7.32
EV-to-Revenue
10.23
10.29
9.26
8.63
10.58
14.99
12.98
13.54
12.68
16.06
16.83
17.02
20.17
22.21
39.5
28.46
28.31
EV-to-EBITDA
13.51
13.13
12.12
12.55
14.11
19.03
15.88
16.5
15.34
20.11
21.12
21.62
25.26
27.28
59.5
33.75
33.46
EV-to-EBIT
7.4
7.62
8.25
7.97
7.09
5.25
6.3
6.06
6.52
4.97
4.73
4.63
3.96
3.67
1.68
2.96
2.99
Earnings Yield (Joel Greenblatt) %
14.85
15.65
14.07
12.03
11.98
12.24
14.91
18.25
20.67
17.18
12.47
9.26
8.8
10.66
10.38
7.03
8.86
Forward Rate of Return (Yacktman) %
29.85
31.8
28.09
20.34
32.61
53.19
45.94
47.68
45.75
48.12
44.37
41.85
56.7
61.45
62.04
83.96
85.35
Shiller PE Ratio
1.03
1.08
1.18
1.68
0.99
0.71
0.97
1.64
1.05
1.06
1.25
1.38
1.04
0.91
0.96
0.65
0.65
Dividend Yield %

Valuation and Quality

Jun06
Jun07
Jun08
Jun09
Jun10
Jun11
Jun12
Jun13
Jun14
Jun15
Jun16
Jun17
Jun18
Jun19
Jun20
Jun21
TTM Fiscal Period
8191
8991
9007
6428
11021
20754
21047
25518
28433
32487
33474
35331
52388
66121
68024
115068
120690
Market Cap
8369
9847
9829
7009
11146
20737
21002
25382
28162
32598
34348
37180
53239
66571
71818
118243
124687
Enterprise Value
19.34
23.14
23.23
16.34
27.87
52.6
54.12
65.77
74.26
86.66
91.02
95.98
143
183
189
318
335
Month End Stock Price
-4.23
-6.88
-7.62
-6.79
-5.73
-6.06
-6.46
-6.09
-6.23
-8.16
-11.61
-14.79
-14.07
-16.01
-24.48
-30.29
-31.9
Net Cash per Share
0.04
-1.77
-1.47
-1.59
-0.67
0.11
-0.01
1.13
2.12
-1.07
-3.88
-6.03
-4.66
-4.31
-13.74
-16.99
-16.67
Net Current Asset Value
-1.96
-4.12
-4.34
-4.16
-3.27
-3
-3.15
-2.39
-1.84
-4.19
-7.32
-9.94
-8.82
-9.43
-19.13
-23.29
-23.54
Net-Net Working Capital
12.71
15.27
17.28
15.09
14.81
18.7
20.71
24.6
33.12
40.29
40.03
41.94
49.08
56.16
51.26
63.74
60.64
Intrinsic Value: Projected FCF
26.19
29.83
33.94
28.74
28.83
32.48
36.36
40.08
43.54
46.99
68.7
79.37
95.37
110
112
135
144
Median PS Value
8.12
12.94
12.5
3.8
9.57
17.26
26.61
40.87
54.81
41.18
28.36
20.74
18.59
40.91
14.88
42.22
61.22
Peter Lynch Fair Value
6
5.21
7.24
4.79
8.58
12.3
14.41
18.29
22.46
19.17
19.03
15.29
16.39
19.87
4.77
--
-- Graham Number
19.51
21.28
23.16
23.45
-178
-194
-216
-236
-273
54.34
56.74
59.65
64.65
73.07
63.13
73.97
74.53
Earnings Power Value (EPV)
5.64
5.27
4.83
3.98
5.24
6.65
6.75
7.57
7.97
7.71
6.74
5.72
6.92
7.58
5.03
6.64
7.11
Altman Z-Score
5
7
7
5
7
8
7
7
8
5
5
5
5
6
5
7
7
Piotroski F-Score
-2.94
-2.66
-2.47
-2.95
-2.91
-2.4
-2.52
-2.52
-2.53
-2.9
-2.64
-2.46
-2.92
-2.53
-3.01
-2.18
-2.22
Beneish M-Score
0.46
0.54
0.6
0.44
0.4
0.49
0.43
0.48
0.5
0.48
0.54
0.68
0.48
0.39
0.59
0.52
0.46
Scaled Net Operating Assets
-4.29
3.91
5.23
-2.67
-3.69
4.47
2.4
3.62
2.29
9.26
6.45
14.38
-8.72
-9.16
0.57
5.02
7.52
Sloan Ratio %
1.51
1.49
1.64
2
1.99
1.9
1.81
2.22
2.35
1.96
1.58
1.76
1.86
1.57
1.72
1.84
1.78
Current Ratio
0.98
0.92
1.06
1.45
1.46
1.38
1.35
1.65
1.72
1.39
1.1
1.23
1.37
1.13
1.32
1.37
1.29
Quick Ratio
0.26
0.17
0.24
0.59
0.71
0.64
0.63
0.77
0.79
0.72
0.52
0.62
0.82
0.65
0.97
0.94
0.75
Cash Ratio
N/A
N/A
12.35
7.38
8.69
18.41
22.8
24.7
30.72
26.77
24.55
18.74
17.86
19.69
13.07
17.4
19.06
Interest Coverage
20.92
25.74
24.42
27.18
34.99
52.6
65.35
71.8
76.77
90.22
97.13
98.19
158
184
220
318
358
Highest Stock Price
15.36
17.47
19.02
9.98
15.14
27.86
42.1
50.56
64.71
70.4
75.73
75.84
93.86
122
144
188
232
Lowest Stock Price
3.88
8.26
0.21
-1.46
-0.52
0.22
1.44
0.23
1.32
2.09
1.9
-0.09
0.26
1.65
0.16
-0.34
0.23
Shares Buyback Ratio %
4.07
9.46
0.14
0.97
2.42
1.91
2.82
1.52
2.35
3.03
2.66
1.17
1.45
2.35
1.31
0.64
1.05
Buyback Yield %
8.23
13.9
18.51
-7.7
4.85
12.73
11.76
5.37
8.22
0.16
6.99
6.01
14.89
10.18
-2.91
13.04
21.05
YoY Rev. per Sh. Growth
-37.08
92.86
11.11
-54.17
116
46.22
24.14
19.44
18.6
-7.84
4.96
13.18
-11.94
63.39
-61.41
319
403
YoY EPS Growth
-6.88
22.43
16.93
-23.73
27.8
31.01
18.52
16.51
18.95
-6.83
2.98
8.03
19.97
15.19
-38.76
128
149
YoY EBITDA Growth
10.83
11.98
10.42
6.85
8.04
9.89
12.32
15.84
17.97
14.55
9.55
6.19
6.3
8.47
8.13
5.42
9.9
5-Year EBITDA Growth Rate
430
409
388
393
395
394
389
388
386
379
370
367
368
364
361
363
362
Shares Outstanding (Basic Average)
424
389
388
393
395
395
389
388
383
375
368
368
367
361
361
362
360
Shares Outstanding (EOP)
0.87
0.72
0.2
1.29
1.32
1.47
1.17
1.25
1.05
1.09
0.78
0.7
0.32
0.79
0.9
1.03
1.11
Beta
08/25/06
08/28/07
08/21/08
08/19/09
08/20/10
08/22/11
08/17/12
08/23/13
08/20/14
08/20/15
08/24/16
08/25/17
08/24/18
08/23/19
08/28/20
08/27/21
  Filing Date
08/25/06
08/28/07
08/19/09
08/20/10
08/22/11
08/23/13
08/23/13
08/20/15
08/24/16
08/25/17
08/24/18
08/23/19
08/28/20
08/27/21
08/27/21
08/27/21
  Restated Filing Date
08/13/09
08/12/10
08/15/11
08/14/12
08/15/13
08/15/14
08/17/15
08/19/16
08/18/17
08/20/18
08/19/19
08/20/20
08/19/21
  Earnings Release Date
--
3313
3267
3077
8252
7712
8335
8481
8926
8674
8519
8095
7903
7965
2393
--
-- Number of Shareholders
26200
28500
32000
31300
31200
32300
38500
40200
42400
44000
46000
46000
46000
48000
48000
62000
62000
Number of Employees
* All financial numbers are in millions except for per share data, ratios and percentage change.
GuruFocus Manual of Stocks™  |  Dec 06, 2021
The Estee Lauder Companies Inc (NYSE:EL)
www.gurufocus.com/stock/NYSE:EL

Explanation

1. Predictability Rank

GuruFocus Predictability Rank is a proprietary ranking of the consistency of a business. We rank the predictability of companies based on the consistency of their revenue per share and EBITDA (earnings before interest, tax, depreciation and amortization) per share over the past 10 fiscal years. Our study found that there is a strong correlation between the stock performance and the predictability of a business. Over the long term, companies with higher predictability also have better stock performance.

The rank is from 1-star to 5-star, with 5-star as the best.

2. Financial Strength

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:

  1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
  2. Debt to revenue ratio. The lower, the better.
  3. Altman Z-Score.

The rank is from 1 to 10, with 10 as the highest.

A Financial Strength rank of 8 or above indicates good financial strength; between 4-7 indicates fair financial strength; 3 or below means poor financial strength.

3. Profitability Rank

GuruFocus Profitability Rank indicates how profitable a company is and how likely it is that the company's business will stay that way. It is based on these factors:

  1. Operating Margin %.
  2. Piotroski F-Score.
  3. Trend of the Operating Margin percentage (five-year average). A company with an uptrend in profit margin will have a higher rank.
  4. Consistency of the profitability.
  5. Predictability Rank.

The rank is from 1 to 10, with 10 as the highest.

A Profitability Rank of 8 or above indicates good profitability; between 4-7 indicates fair profitability; 3 or below means poor profitability.

4. Peter Lynch Chart

In Peter Lynch's excellent book, "One Up on Wall Street," he used many charts to illustrate the valuation of stocks. “A quick way to tell if a stock is overpriced is to compare the price line to the earnings line. If you bought familiar growth companies – such as Shoney’s, The Limited, or Marriott – when the stock price fell well below the earnings line, and sold them when the stock price rose dramatically above it, the chances are you’d do pretty well.”

The original Peter Lynch Chart does have limitations due to the right side price scale is pre-set at 15 times the earnings scale on the left side. When the stock price and earnings line coincide, the price-to-earnings ratio is always 15 times. Instead of using the fixed PE Ratio of 15, our approach is using 15-year historical median PE without NRI Ratio for each stock.

The Peter Lynch Chart with earnings line at median PE without NRI ratio works well for the companies with steady growth and earnings trends, or the stalwarts, as coined by Lynch. These companies tend to be found in sectors such as consumer staples, healthcare, and utilities, where the consumption of the product or service is relatively independent of economic conditions. It does not work well with the sectors that are cyclical: industrials, chemicals, durable goods, and so forth.

5. GF Value

Based on the relationship between the current stock price and the GF Value, GuruFocus provides the following 6 evaluations:

  1. Possible Value Trap, Think Twice
  2. Significantly Overvalued
  3. Modestly Overvalued
  4. Fairly Valued
  5. Modestly Undervalued
  6. Significantly Undervalued
There is only a sufficient margin of safety when the stock is undervalued.

Disclaimer

GuruFocus.com is not operated by a broker, a dealer, or a registered investment adviser. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The gurus may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.