Stock Analysis on Net

e.l.f. Beauty, Inc. (NYSE:ELF)

This company has been moved to the archive! The financial data has not been updated since August 9, 2024.

Enterprise Value to FCFF (EV/FCFF) 

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Free Cash Flow to The Firm (FCFF)

e.l.f. Beauty, Inc., FCFF calculation

US$ in thousands

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12 months ended: Mar 31, 2024 Mar 31, 2023 Mar 31, 2022 Mar 31, 2021 Mar 31, 2020
Net income 127,663 61,530 21,770 6,232 17,884
Net noncash charges 67,245 45,581 44,428 40,148 36,412
Changes in operating assets and liabilities (123,754) (5,228) (46,685) (16,905) (9,983)
Net cash provided by operating activities 71,154 101,883 19,513 29,475 44,313
Cash paid for interest, net of tax1 10,200 3,435 1,562 2,492 4,815
Purchase of property and equipment (8,659) (1,723) (4,818) (6,474) (9,422)
Free cash flow to the firm (FCFF) 72,695 103,595 16,257 25,493 39,706

Based on: 10-K (reporting date: 2024-03-31), 10-K (reporting date: 2023-03-31), 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31).

Item Description The company
FCFF Free cash flow to the firm is the cash flow available to the e.l.f. Beauty, Inc. suppliers of capital after all operating expenses have been paid and necessary investments in working and fixed capital have been made. e.l.f. Beauty, Inc. FCFF increased from 2022 to 2023 but then slightly decreased from 2023 to 2024.

Interest Paid, Net of Tax

e.l.f. Beauty, Inc., interest paid, net of tax calculation

US$ in thousands

Microsoft Excel
12 months ended: Mar 31, 2024 Mar 31, 2023 Mar 31, 2022 Mar 31, 2021 Mar 31, 2020
Effective Income Tax Rate (EITR)
EITR1 9.50% 4.00% 14.40% 21.00% 25.70%
Interest Paid, Net of Tax
Cash paid for interest, before tax 11,271 3,578 1,825 3,155 6,481
Less: Cash paid for interest, tax2 1,071 143 263 663 1,666
Cash paid for interest, net of tax 10,200 3,435 1,562 2,492 4,815

Based on: 10-K (reporting date: 2024-03-31), 10-K (reporting date: 2023-03-31), 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31).

1 See details »

2 2024 Calculation
Cash paid for interest, tax = Cash paid for interest × EITR
= 11,271 × 9.50% = 1,071


Enterprise Value to FCFF Ratio, Current

e.l.f. Beauty, Inc., current EV/FCFF calculation, comparison to benchmarks

Microsoft Excel
Selected Financial Data (US$ in thousands)
Enterprise value (EV) 9,222,862
Free cash flow to the firm (FCFF) 72,695
Valuation Ratio
EV/FCFF 126.87
Benchmarks
EV/FCFF, Competitors1
Procter & Gamble Co. 24.76
EV/FCFF, Industry
Consumer Staples 35.50

Based on: 10-K (reporting date: 2024-03-31).

1 Click competitor name to see calculations.

If the company EV/FCFF is lower then the EV/FCFF of benchmark then company is relatively undervalued.
Otherwise, if the company EV/FCFF is higher then the EV/FCFF of benchmark then company is relatively overvalued.


Enterprise Value to FCFF Ratio, Historical

e.l.f. Beauty, Inc., historical EV/FCFF calculation, comparison to benchmarks

Microsoft Excel
Mar 31, 2024 Mar 31, 2023 Mar 31, 2022 Mar 31, 2021 Mar 31, 2020
Selected Financial Data (US$ in thousands)
Enterprise value (EV)1 10,489,807 5,555,934 1,340,991 1,541,824 921,139
Free cash flow to the firm (FCFF)2 72,695 103,595 16,257 25,493 39,706
Valuation Ratio
EV/FCFF3 144.30 53.63 82.49 60.48 23.20
Benchmarks
EV/FCFF, Competitors4
Procter & Gamble Co. 24.36 27.39 26.63 22.86 23.81
EV/FCFF, Industry
Consumer Staples 27.85 27.96 19.75 21.80

Based on: 10-K (reporting date: 2024-03-31), 10-K (reporting date: 2023-03-31), 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31).

1 See details »

2 See details »

3 2024 Calculation
EV/FCFF = EV ÷ FCFF
= 10,489,807 ÷ 72,695 = 144.30

4 Click competitor name to see calculations.

Valuation ratio Description The company
EV/FCFF Enterprise value to free cash flow to the firm is whole company valuation indicator. e.l.f. Beauty, Inc. EV/FCFF ratio decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.