e.l.f. Beauty: Positioning As The Cosmetics Leader For Future Generations

Oscar Wong/Moment via Getty Images Investment Thesis The performance that e.l.f. Beauty (NYSE:ELF) has shown in the last three years is simply impressive. Although it has traded, on average, at 40x EV/EBITDA, it has considerably outperformed the index. This is because, in the last five years, the company has grown its Free Cash Flow per share at annual rates of almost 30%, a feat within the reach of few companies. In this article, I would like to delve into what makes this company so special and has all ...