Enterprise Value to EBITDA (EV/EBITDA)
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e.l.f. Beauty, Inc. pages available for free this week:
- Income Statement
- Cash Flow Statement
- Analysis of Long-term (Investment) Activity Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Common Stock Valuation Ratios
- Capital Asset Pricing Model (CAPM)
- Present Value of Free Cash Flow to Equity (FCFE)
- Total Asset Turnover since 2016
- Analysis of Revenues
- Aggregate Accruals
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Earnings before Interest, Tax, Depreciation and Amortization (EBITDA)
e.l.f. Beauty, Inc., EBITDA calculation
US$ in thousands
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).
The financial data exhibits significant variability and overall growth in earnings performance over the five-year period.
- Net Income
- Net income shows fluctuation with an initial drop from 17,884 thousand USD in 2020 to 6,232 thousand USD in 2021, followed by a strong recovery and sustained growth thereafter, reaching 127,663 thousand USD in 2024. This reflects a remarkable improvement in profitability over the last two years.
- Earnings Before Tax (EBT)
- EBT follows a similar trajectory to net income, declining sharply from 24,069 thousand USD in 2020 to 3,690 thousand USD in 2021. Subsequently, EBT rises substantially to 140,990 thousand USD by 2024, indicating an enhanced operational performance and possibly improved cost management or revenue growth.
- Earnings Before Interest and Tax (EBIT)
- EBIT declines from 31,239 thousand USD in 2020 to 7,785 thousand USD in 2021. Post-2021, EBIT increases consistently, reaching 152,830 thousand USD in 2024. This upward trend suggests improving core profitability before non-operating expenses.
- Earnings Before Interest, Tax, Depreciation, and Amortization (EBITDA)
- EBITDA demonstrates a pronounced recovery and expansion, dropping from 54,082 thousand USD in 2020 to 32,964 thousand USD in 2021 but then climbing steeply to 188,743 thousand USD by 2024. This pattern indicates significant enhancement in cash profitability and operational efficiency over the most recent years.
Overall, the data indicates a challenging performance year in 2021 across all profitability measures, followed by robust and accelerating growth through 2024. This suggests successful strategic initiatives or market conditions improving the company’s financial health substantially after 2021.
Enterprise Value to EBITDA Ratio, Current
e.l.f. Beauty, Inc., current EV/EBITDA calculation, comparison to benchmarks
| Selected Financial Data (US$ in thousands) | |
| Enterprise value (EV) | |
| Earnings before interest, tax, depreciation and amortization (EBITDA) | |
| Valuation Ratio | |
| EV/EBITDA | |
| Benchmarks | |
| EV/EBITDA, Competitors1 | |
| Procter & Gamble Co. | |
| EV/EBITDA, Industry | |
| Consumer Staples | |
Based on: 10-K (reporting date: 2024-03-31).
1 Click competitor name to see calculations.
If the company EV/EBITDA is lower then the EV/EBITDA of benchmark then company is relatively undervalued.
Otherwise, if the company EV/EBITDA is higher then the EV/EBITDA of benchmark then company is relatively overvalued.
Enterprise Value to EBITDA Ratio, Historical
e.l.f. Beauty, Inc., historical EV/EBITDA calculation, comparison to benchmarks
| 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 | ||||||
| Earnings before interest, tax, depreciation and amortization (EBITDA)2 | ||||||
| Valuation Ratio | ||||||
| EV/EBITDA3 | ||||||
| Benchmarks | ||||||
| EV/EBITDA, Competitors4 | ||||||
| Procter & Gamble Co. | ||||||
| EV/EBITDA, Industry | ||||||
| Consumer Staples | ||||||
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).
3 2024 Calculation
EV/EBITDA = EV ÷ EBITDA
= ÷ =
4 Click competitor name to see calculations.
- Enterprise Value (EV)
- The enterprise value exhibited a significant overall upward trend over the five-year period. Starting at approximately 921 million USD in 2020, it nearly doubled by 2021 to around 1.54 billion USD. Although it experienced a slight decline in 2022 to about 1.34 billion USD, a sharp increase occurred in the subsequent two years, reaching approximately 5.56 billion USD in 2023 and then almost doubling again to roughly 10.49 billion USD by 2024. This demonstrates a strong growth momentum in the market valuation of the company’s total capital including debt and equity.
- Earnings Before Interest, Tax, Depreciation, and Amortization (EBITDA)
- EBITDA showed fluctuations in the early years followed by pronounced growth in the later period. The figure started at around 54 million USD in 2020, declined to just under 33 million USD in 2021, and then recovered to nearly 55 million USD in 2022. From 2022 onwards, there was consistent and significant growth, more than doubling to approximately 90 million USD in 2023 and more than doubling again to reach about 189 million USD by 2024. This reflects improving operational profitability and cash flow potential over time.
- EV/EBITDA Ratio
- The EV/EBITDA ratio exhibited considerable volatility throughout the period. Initially, the ratio was 17.03 in 2020, which increased sharply to 46.77 in 2021, reflecting a relative decrease in EBITDA compared to enterprise value. It decreased to 24.4 in 2022 as EBITDA improved. However, the ratio soared again to 61.58 in 2023 before slightly declining to 55.58 in 2024. These fluctuations suggest varying market expectations or changes in risk perception, with the company’s valuation expanding more rapidly than EBITDA in certain periods, implying possibly high growth expectations or market optimism in later years.