Stock Analysis on Net

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

$22.49

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

Price to Sales (P/S)
since 2016

Microsoft Excel

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Calculation

e.l.f. Beauty, Inc., P/S, long-term trends, calculation

Microsoft Excel

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), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31).

1 US$

2 Data adjusted for splits and stock dividends.

3 Closing price as at the filing date of e.l.f. Beauty, Inc. Annual Report.

Share Price Trend
The share price exhibited significant volatility throughout the observed periods. Starting at $26.24 in March 2017, it declined steadily to a low of $7.95 by February 2019. Subsequently, it experienced recovery and growth, rising to $16.57 by May 2020 and further increasing to $28.52 in May 2021. After a slight decrease to $24.63 in May 2022, the share price surged sharply to $104.15 in May 2023 and continued this upward trajectory to reach $184.77 by May 2024. This pattern indicates a strong rebound and accelerated appreciation in the most recent years.
Sales Per Share Evolution
Sales per share demonstrated a consistent upward trend across the periods. Starting at $5.03 in March 2017, sales per share gradually increased with minor fluctuations, reaching $5.77 in March 2018 and slightly declining to $5.48 in February 2019. Thereafter, they resumed growth, reaching $5.66 in May 2020 and steadily rising to $6.16 in May 2021 and $7.50 in May 2022. The increase became more pronounced by May 2023 with $10.75 and escalated to $18.30 in May 2024. This steady increment reflects improved sales efficiency or revenue generation per share over time.
Price-to-Sales (P/S) Ratio Dynamics
The P/S ratio followed a fluctuating but generally upward trend. It started relatively high at 5.22 in March 2017, then dropped sharply to 3.19 in March 2018 and further to a low of 1.45 in February 2019, indicating that the share price was low relative to sales per share during that period. The ratio then increased to 2.93 in May 2020 and surged to 4.63 by May 2021, before experiencing a decrease to 3.28 in May 2022. A major increase occurred thereafter, with the ratio jumping to 9.69 in May 2023 and slightly rising to 10.09 in May 2024. This suggests an increase in market valuation relative to sales in recent years, aligned with the significant rise in share price.
Summary of Relationships and Insights
The data illustrates a strong recovery in share price from its lowest point in early 2019, accompanied by a continuous increase in sales per share. The divergence and subsequent convergence of the P/S ratio reflect changing investor sentiment and market valuation relative to sales. The substantial increase in share price since 2022 outpaced the growth in sales per share, resulting in an elevated P/S ratio above 9.5, indicative of heightened market expectations or potential overvaluation relative to sales metrics. Overall, the trends point to enhanced sales performance and increased market confidence in the latest periods.

Comparison to Competitors

e.l.f. Beauty, Inc., P/S, long-term trends, comparison to competitors

Microsoft Excel

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), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31).


Comparison to Industry (Consumer Staples)

e.l.f. Beauty, Inc., P/S, long-term trends, comparison to industry (consumer staples)

Microsoft Excel

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), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31).