ELF logo

e.l.f. Beauty, Inc. ELF

Consumer DefensiveHousehold & Personal ProductsNYSE📅 Scored March 7, 2026
Price at analysis: $69.65
Crucible Score
70.6
B
Quality × Value Composite
KQI — Quality
72.8
B
Fundamental Quality Index
KVI — Value
66.0
B-
Valuation Attractiveness Index
Crucible Verdict — ELF

e.l.f. Beauty delivers strong fundamentals with exceptional earnings consistency (90% beat rate) and solid financial quality, but trades at a 27% discount to fair value despite its defensive sector classification. ELF's primary weakness lies in diversification, scoring just 30 in that dimension while excelling in growth and moat durability. The valuation gap suggests the market underappreciates the company's execution track record under long-tenured CEO Tarang Amin.

— Kal, Kaladin Capital Intelligence

◆ KQI Quality Dimensions

Financial Quality
80.5
Growth Profile⚠
80.3
Moat Durability⚠
77.4
Management Effectiveness⚠
70.0
Diversification & Resilience
30.5
Market Position
62.0
Weakest dimension: Diversification & Resilience (30.5)

◆ KVI Value Dimensions

DCF Margin of Safety
68.3
FCF Yield & Cash Returns
52.3
Relative Valuation
56.9
Growth-Adjusted Value
83.6
Historical Valuation
84.0
Macro Context
45.1

◆ DCF Valuation Scenarios

Bear Case
$52.18
Base Case
$88.42
Bull Case
$139.57
Price at Analysis
$69.65
ScenarioFair ValueRev CAGR (5yr)Terminal MarginWACC
🔴 Bear$52.186.0%12.0%13.8%
🟢 Base$88.4210.0%14.0%13.1%
🟢 Bull$139.5715.0%16.0%12.4%
Key Assumptions: WACC derived from CAPM using 4.39% risk-free rate, 1.68 beta, and 5.5% ERP yielding ~13.6% cost of equity; with modest debt, WACC ranges 12.4-13.8% across scenarios. Revenue grew from $318M to $1,314M over 5 years (~33% CAGR) but growth is decelerating, so base assumes 10% forward CAGR tapering to mid-single digits. Operating margins have ranged 3-15% historically; terminal margins of 12-16% reflect maturation of the brand with scale benefits, and tax rate normalized to 18% given historical volatility.

◆ Financial Snapshot

Profitability

Gross Margin70.3%
Operating Margin11.1%
Net Margin6.8%
ROIC11.9%
ROE9.7%

Balance Sheet

Balance SheetCR: 2.76
Cash ConversionFCF/EPS: 2.07x
Capital IntensityCapex/Rev: 1.4%
Altman Z-Score3.55 (Safe)
Piotroski F-Score5/9 (Mixed)

Growth

Revenue CAGR42.5% CAGR
Earnings CAGR106.0% CAGR
Growth ConsistencyCV: 0.87
Segment BreadthInsufficient segments
Quarterly TrendRev∆, Margin↑, Exp↓
Earnings CredibilityTends to Beat

◆ Revenue Breakdown

By Geography

UNITED STATES81.0%
Other Non-US19.0%
Total Revenue
$1.3B
Fiscal Year 2025

◆ Analyst Consensus & Leadership

Analyst Price Targets

Avg Target (Last Quarter)$100.33
Analysts Covering (Quarter)6
Avg Target (Last Year)$118.57
Analysts (Year)21

Leadership & Governance

CEOTarang Amin · 10 years
CEO Ownership3.9%
Insider ActivityBuying
Capital AllocationROIC 11.9% vs WACC 4.3%
Earnings Beat Rate90% (17/19)

◆ Company Profile

e. l.

CEO
Tarang Amin
Employees
633
Headquarters
Oakland, CA, US
IPO Date
September 22, 2016
Exchange
NYSE

◆ Related Companies in Our Universe

Other Consumer Defensive companies scored by the Crucible:

ADBE81.8A-NICE80.7A-DECK79.9A-INTU79.9A-EXEL78.3A-MTCH78.2A-TTD78.0B+
MethodologyAll ScoresCrucible BriefsPerformance@KaladinCI

Analysis conducted March 7, 2026 based on most recent SEC filings. Updated quarterly, after new SEC filings.

Point-in-time fundamental analysis. Not investment advice. Scores reflect company quality and valuation at time of analysis and may not reflect current market conditions.

© 2026 Kaladin Capital Intelligence — Conviction Through Scrutiny