2024-03-19 12:22:34 ET
Summary
- Even after the major drops in share price in 2022 and 2023, The Estée Lauder Companies Inc. stock is not a bargain.
- The current trading multiples are implying a notable improvement in profitability that would not be easy to achieve.
- From a free cash flow point of view, the company is also faced with significant headwinds.
After falling precipitously in 2022 and 2023, The Estée Lauder Companies Inc.'s ( EL ) share price has somewhat stabilized in recent months. With EL stock now trading at levels last seen in 2019, it might seem now is a good time to buy....
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Estee Lauder: Not A Bargain At Current Levels