ELF - e.l.f. Beauty, Inc.
Price:
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CONSENSUS:
Buy
DETAILS
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PRICE TARGET:
$74.78
DETAILS
HIGH:
$115.00
LOW:
$50.00
MEDIAN:
$70.00
CONSENSUS:
$74.78
DOWNSIDE:
2.57%
AlphaVal
Deterministic, archetype-aware fair value
Platform & Compounding FCF
85% confidence
Primary model: Two-stage FCF DCF
Adjust Assumptions
9.8%
12.0%
3.0%
Key Value Driver
FCF growth rate (10% base case)
Terminal Value % of EV
34%
Implied Market Multiple
41.2x
Market is pricing in (growth)
20.7%
vs our 9.8% base
Plain-Language Summary
Our base-case estimate uses a two-stage discounted cash flow model based on free cash flow. We then blend that result with the average analyst price target of $74.78 from 27 analysts, using a 25% weight on analyst consensus. That produces an estimated intrinsic value of $40.19 per share.
Warnings
Stock-based employee pay equals 330% of profits. This dilutes existing shareholders, so cash flow alone overstates what owners really earn.
Wall Street's average price target is $74.78 (from 27 analysts). Our estimate is 62% below the consensus -- consider that gap carefully.
Key Risks
- P/E alone misleads — earnings depressed by growth investment
- Cyclical or commodity businesses may be misclassified as platforms
- Terminal value dominance suggests sensitivity to long-run assumptions