Stock Analysis on Net

Ulta Beauty Inc. (NASDAQ:ULTA)

$22.49

This company has been moved to the archive! The financial data has not been updated since August 24, 2023.

Return on Equity (ROE)
since 2008

Microsoft Excel

Calculation

Ulta Beauty Inc., ROE, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-K (reporting date: 2013-02-02), 10-K (reporting date: 2012-01-28), 10-K (reporting date: 2011-01-29), 10-K (reporting date: 2010-01-30), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-02-02).

1 US$ in thousands


Net Income
The net income exhibits a generally strong upward trend over the observed period. Starting from $25.3 million in early 2008, net income increased steadily almost every year, reaching a peak of approximately $706 million by early 2020. A notable deviation occurs in 2021, where net income sharply declines to about $176 million, followed by a significant rebound in 2022 and 2023, reaching $986 million and $1.24 billion respectively. This pattern suggests a temporary setback during 2021, likely influenced by extraordinary circumstances, with rapid recovery and growth thereafter.
Stockholders’ Equity
Stockholders’ equity shows a consistent increase from $211.5 million in 2008 to nearly $2 billion by 2020, indicating ongoing capital accumulation and retained earnings growth. However, in 2022, there is a noticeable decrease to approximately $1.54 billion, which contrasts with the increasing trend and may suggest a one-time event or financial adjustment. Following this decrease, equity rebounds to about $1.96 billion in 2023, signaling restored financial position.
Return on Equity (ROE)
The ROE demonstrates an overall positive trajectory with incremental increases from approximately 12% in 2008 to a peak above 37% by 2020, reflecting improved profitability relative to equity. A dramatic dip occurs in 2021 where ROE falls to just under 9%, aligning with the large net income drop, implying reduced efficiency in generating returns during that year. In contrast, the subsequent years see a substantial surge in ROE to over 64% in 2022 and slightly lower but still high at about 63% in 2023, evidencing exceptional profitability and effective equity utilization despite the preceding volatility.

Comparison to Competitors

Ulta Beauty Inc., ROE, long-term trends, comparison to competitors

Microsoft Excel

Based on: 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-K (reporting date: 2013-02-02), 10-K (reporting date: 2012-01-28), 10-K (reporting date: 2011-01-29), 10-K (reporting date: 2010-01-30), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-02-02).


Comparison to Sector (Consumer Discretionary Distribution & Retail)

Ulta Beauty Inc., ROE, long-term trends, comparison to sector (consumer discretionary distribution & retail)

Microsoft Excel

Based on: 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-K (reporting date: 2013-02-02), 10-K (reporting date: 2012-01-28), 10-K (reporting date: 2011-01-29), 10-K (reporting date: 2010-01-30), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-02-02).


Comparison to Industry (Consumer Discretionary)

Ulta Beauty Inc., ROE, long-term trends, comparison to industry (consumer discretionary)

Microsoft Excel

Based on: 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-K (reporting date: 2013-02-02), 10-K (reporting date: 2012-01-28), 10-K (reporting date: 2011-01-29), 10-K (reporting date: 2010-01-30), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-02-02).