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EL - Headwaters Capital - Inter Parfums: A Business That Checks So Many Boxes
Estee Lauder Companies Inc.
2024-02-04 10:35:00 ET
Summary
Inter Parfums is a leading fragrance house that partners with prestige brands to develop, manufacture, market and distribute perfumes globally under licensing agreements.
IPAR expects to generate long-term revenue growth in the 8-10% range.
As investor comfort over long-term earnings power materializes, I believe IPAR will eventually trade back to its LT average P/E multiple of 30x as the quality of the business has only improved over the last 5 years.