2024-07-09 06:35:52 ET
Summary
- Coty Inc. has been steadily growing since its 2019 turnaround plan, but long-term guidance may be too optimistic.
- Recent results show positive growth, but future targets may be challenging to achieve, leading to concerns about management's guidance and valuation.
- The company has significant capex and pays a lot of its EBITDA out through interest expense, so I'm willing to pay more for higher quality peers that don’t have Coty’s issues.
In troduction
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Coty: Smelling Sweeter But Not Enticing Enough To Buy