e.l.f. Beauty, Inc. logo ELF - e.l.f. Beauty, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
1
BUY 12
HOLD 12
SELL 2
STRONG
SELL
0
| PRICE TARGET: $74.78 DETAILS
HIGH: $115.00
LOW: $50.00
MEDIAN: $70.00
CONSENSUS: $74.78
DOWNSIDE: 2.57%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Platform & Compounding FCF 85% confidence

Primary model: Two-stage FCF DCF

Valuation Signal Overvalued Strong
Trading 91.0% above fair value
Current Price $76.75
Bear Case $26.70 65.2% downside ($26.70 - $76.75) / $76.75 = -65.2% 6% stage 1 growth, 12% discount
Fair Value $40.19 47.6% downside ($40.19 - $76.75) / $76.75 = -47.6% 10% stage 1 growth, 12% discount
Bull Case $53.30 30.6% downside ($53.30 - $76.75) / $76.75 = -30.6% 13% stage 1 growth, 12% discount

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