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LRLCF - L'Oreal Is Valued More Reasonably Now But Still Too Expensive
L'Oreal S.A.
L’Oréal reported great fiscal 2021 results, and after the company struggled due to COVID-19, it reported much higher revenue and EPS than before the COVID-19 recession.
The business is growing organically as well as by acquisitions and can also increase its margins over time.
However, the stock still seems to be a bit overvalued right now - especially when considering a potential recession in the coming quarters.