Recent News
On August 19, 2026 The Estée Lauder Companies reported fiscal 2026 fourth-quarter and full-year results, citing full-year net sales growth, gains across key prestige brands and regions, and completion of restructuring actions under its PRGP program. The company held a webcast and released detailed financials the same day. Separately, a $210 million securities class-action settlement set a claims deadline of August 5, 2026 for eligible investors. The company also convened a 2026 Supplier Summit highlighting partnerships and operational priorities.
Technical Analysis
ADX at 29.33 signals a strong trend environment without directionality; the strength increases sensitivity to momentum signals when they appear.
DI+ at 29.95 shows a decreasing pattern, which reads as bearish; DI- exhibited a dip-and-reversal, also a bearish development under directional indicator rules, reinforcing short-term downside bias.
MACD sits below its signal line (MACD 2.67 vs signal 3.52) and shows a peak-and-reversal pattern, indicating bearish momentum and the absence of a bullish MACD crossover.
MRO at 13.98 remains positive, which indicates price sits above the model target and implies a likelihood of downward mean reversion over the near term.
RSI at 57.19 with a peak-and-reversal pattern points to fading buying momentum rather than oversold conditions, consistent with other bearish momentum signals.
Price trades below the 20-day average ($101.42) while holding above the 200-day average ($92.17); that split suggests short-term weakness inside a longer-term support band near the 200-day level.
Bollinger positioning shows price ($98.22) close to the lower 1x standard-deviation band ($98.01), indicating compressed volatility with limited immediate upside cushion toward the upper band ($104.84).
Volume has trended below longer-term averages (current volume ~2.07M vs 50- and 200-day averages near 2.85M and 3.80M), signaling muted participation during the recent consolidation; 42-day beta = 1.27, 52-week beta = 1.44, reflecting above-market sensitivity.
Fundamental Analysis
Revenue and margins: Total revenue stands at $3,712,000,000 with YoY revenue growth of 7.81% and QoQ deterioration in sequential growth. Gross margin measures 76.40%, up 1.93 percentage points YoY. Operating margin equals 15.00%, and EBIT margin equals 7.03%.
Profitability context: EBIT margin at 7.03% sits above the industry peer mean of -0.106% and well above the industry peer median of -9.692%, indicating relative operating efficiency versus the peer set reported. Operating margin improved QoQ by 4.37 percentage points and rose YoY by 62.41% (percentage-change basis reported), reflecting margin recovery from prior-year pressures.
Cash flow and liquidity: Operating cash flow totaled $412,000,000 with free cash flow of $310,000,000 and a free cash flow yield of 1.00%. Cash and short-term investments equal $3,126,000,000 and the cash conversion ratio registers 2.34. Current ratio sits at 1.27 and quick ratio at 0.94; both declined modestly QoQ.
Capital structure and leverage: Total debt equals $9,300,000,000 with net debt $4,186,000,000. Debt-to-EBITDA reads 20.13x and debt-to-equity 2.33x, indicating elevated leverage relative to operating earnings. Interest coverage is 3.18x but trended down QoQ.
Earnings and market multiples: Reported EPS of $0.39 exceeded the $0.32 estimate, a 21.88% surprise. Trailing PE equals 93.9x while forward PE sits near 120.8x; price-to-book stands at 7.74x. Asset turnover registers 0.189, consistent with a premium, low-capital-intensity business model in prestige beauty.
WMDST valuation: The current valuation assessment classifies the stock as over-valued. WMDST’s mean price target ($94.39) sits below the last close ($98.22), suggesting limited fundamental upside against the present price when combining cash-flow yields and leverage metrics.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2026-03-31 |
| REPORT DATE: | 2026-08-19 |
| NEXT REPORT DATE: | 2026-11-18 |
| CASH FLOW | Begin Period Cash Flow | $ 3.1 B |
| Operating Cash Flow | $ 412.0 M | |
| Capital Expenditures | $ -102.00 M | |
| Change In Working Capital | $ 34.0 M | |
| Dividends Paid | $ -126.00 M | |
| Cash Flow Delta | $ 44.0 M | |
| End Period Cash Flow | $ 3.1 B | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 3.7 B | |
| Forward Revenue | $ 3.6 B | |
| COSTS | ||
| Cost Of Revenue | $ 876.0 M | |
| Depreciation | $ 201.0 M | |
| Depreciation and Amortization | $ 201.0 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 3.2 B | |
| PROFITABILITY | ||
| Gross Profit | $ 2.8 B | |
| EBITDA | $ 462.0 M | |
| EBIT | $ 261.0 M | |
| Operating Income | $ 557.0 M | |
| Interest Income | $ 15.0 M | |
| Interest Expense | $ 82.0 M | |
| Net Interest Income | $ -67.00 M | |
| Income Before Tax | $ 179.0 M | |
| Tax Provision | $ 90.0 M | |
| Tax Rate | 40.0 % | |
| Net Income | $ 89.0 M | |
| Net Income From Continuing Operations | $ 89.0 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.32 | |
| EPS Actual | $ 0.39 | |
| EPS Difference | $ 0.07 | |
| EPS Surprise | 21.875 % | |
| Forward EPS | $ 0.96 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 19.7 B | |
| Intangible Assets | $ 5.8 B | |
| Net Tangible Assets | $ -1.76 B | |
| Total Current Assets | $ 7.5 B | |
| Cash and Short-Term Investments | $ 3.1 B | |
| Cash | $ 3.1 B | |
| Net Receivables | $ 1.7 B | |
| Inventory | $ 1.9 B | |
| Long-Term Investments | $ 1.8 B | |
| LIABILITIES | ||
| Accounts Payable | $ 1.3 B | |
| Short-Term Debt | $ 502.0 M | |
| Total Current Liabilities | $ 5.9 B | |
| Net Debt | $ 4.2 B | |
| Total Debt | $ 9.3 B | |
| Total Liabilities | $ 15.7 B | |
| EQUITY | ||
| Total Equity | $ 4.0 B | |
| Retained Earnings | $ 11.6 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 11.04 | |
| Shares Outstanding | 361.795 M | |
| Revenue Per-Share | $ 10.26 | |
| VALUATION | Market Capitalization | $ 30.9 B |
| Enterprise Value | $ 37.1 B | |
| Enterprise Multiple | 80.282 | |
| Enterprise Multiple QoQ | 9.885 % | |
| Enterprise Multiple YoY | 42.663 % | |
| Enterprise Multiple IPRWA | high: 139.166 EL: 80.282 median: 19.712 mean: -1.913 low: -57.731 |
|
| EV/R | 9.992 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 4.925 | |
| Asset To Liability | 1.255 | |
| Debt To Capital | 0.7 | |
| Debt To Assets | 0.473 | |
| Debt To Assets QoQ | -1.108 % | |
| Debt To Assets YoY | 0.246 % | |
| Debt To Assets IPRWA | high: 0.759 EL: 0.473 median: 0.299 mean: 0.243 low: 0.019 |
|
| Debt To Equity | 2.329 | |
| Debt To Equity QoQ | -0.016 % | |
| Debt To Equity YoY | 7.865 % | |
| Debt To Equity IPRWA | EL: 2.329 high: 1.108 mean: 0.443 median: 0.207 low: -1.293 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 7.743 | |
| Price To Book QoQ | -19.194 % | |
| Price To Book YoY | 45.091 % | |
| Price To Book IPRWA | EL: 7.743 high: 3.53 mean: 2.244 median: 2.201 low: -1.999 |
|
| Price To Earnings (P/E) | 93.904 | |
| Price To Earnings QoQ | -21.744 % | |
| Price To Earnings YoY | -5.313 % | |
| Price To Earnings IPRWA | high: 211.039 EL: 93.904 mean: 72.926 median: 47.955 low: -82.086 |
|
| PE/G Ratio | 41.791 | |
| Price To Sales (P/S) | 8.329 | |
| Price To Sales QoQ | -8.807 % | |
| Price To Sales YoY | 27.518 % | |
| Price To Sales IPRWA | high: 10.758 EL: 8.329 median: 6.293 mean: 6.248 low: 0.446 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 120.834 | |
| Forward PE/G | 53.776 | |
| Forward P/S | 10.311 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 3.072 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.189 | |
| Asset Turnover Ratio QoQ | -12.972 % | |
| Asset Turnover Ratio YoY | 5.495 % | |
| Asset Turnover Ratio IPRWA | high: 0.832 mean: 0.227 median: 0.221 EL: 0.189 low: 0.081 |
|
| Receivables Turnover | 2.182 | |
| Receivables Turnover Ratio QoQ | -8.666 % | |
| Receivables Turnover Ratio YoY | 4.563 % | |
| Receivables Turnover Ratio IPRWA | high: 18.698 mean: 3.984 median: 2.462 EL: 2.182 low: 1.056 |
|
| Inventory Turnover | 0.46 | |
| Inventory Turnover Ratio QoQ | -8.519 % | |
| Inventory Turnover Ratio YoY | 2.388 % | |
| Inventory Turnover Ratio IPRWA | high: 1.108 median: 0.557 mean: 0.525 EL: 0.46 low: 0.334 |
|
| Days Sales Outstanding (DSO) | 41.827 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 98.193 | |
| Cash Conversion Cycle Days QoQ | -8.659 % | |
| Cash Conversion Cycle Days YoY | -18.636 % | |
| Cash Conversion Cycle Days IPRWA | high: 167.638 mean: 134.244 median: 133.272 EL: 98.193 low: 89.801 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 2.342 | |
| CapEx To Revenue | -0.027 | |
| CapEx To Depreciation | -0.507 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 10.8 B | |
| Net Invested Capital | $ 11.3 B | |
| Invested Capital | $ 11.3 B | |
| Net Tangible Assets | $ -1.76 B | |
| Net Working Capital | $ 1.6 B | |
| LIQUIDITY | ||
| Cash Ratio | 0.529 | |
| Current Ratio | 1.268 | |
| Current Ratio QoQ | -6.617 % | |
| Current Ratio YoY | -10.289 % | |
| Current Ratio IPRWA | high: 4.51 median: 3.261 mean: 2.752 EL: 1.268 low: 0.821 |
|
| Quick Ratio | 0.944 | |
| Quick Ratio QoQ | -5.473 % | |
| Quick Ratio YoY | -7.371 % | |
| Quick Ratio IPRWA | high: 3.079 median: 2.053 mean: 1.872 EL: 0.944 low: 0.488 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 20.13 | |
| Cost Of Debt | 0.526 % | |
| Interest Coverage Ratio | 3.183 | |
| Interest Coverage Ratio QoQ | -35.275 % | |
| Interest Coverage Ratio YoY | -15.575 % | |
| Interest Coverage Ratio IPRWA | high: 65.438 mean: 3.824 EL: 3.183 median: -2.637 low: -62.851 |
|
| Operating Cash Flow Ratio | 0.041 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 118.607 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 0.706 | |
| Dividend Payout Ratio | 1.416 | |
| Dividend Rate | $ 0.35 | |
| Dividend Yield | 0.004 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 0.153 % | |
| Revenue Growth | -12.225 % | |
| Revenue Growth QoQ | -156.892 % | |
| Revenue Growth YoY | 7.814 % | |
| Revenue Growth IPRWA | high: 22.871 % median: -10.692 % mean: -11.67 % EL: -12.225 % low: -25.986 % |
|
| Earnings Growth | 2.247 % | |
| Earnings Growth QoQ | -98.739 % | |
| Earnings Growth YoY | -53.565 % | |
| Earnings Growth IPRWA | high: 100.0 % median: 7.895 % EL: 2.247 % mean: -23.112 % low: -121.429 % |
|
| MARGINS | ||
| Gross Margin | 76.401 % | |
| Gross Margin QoQ | -0.124 % | |
| Gross Margin YoY | 1.925 % | |
| Gross Margin IPRWA | high: 80.235 % EL: 76.401 % median: 72.659 % mean: 68.698 % low: 1.079 % |
|
| EBIT Margin | 7.031 % | |
| EBIT Margin QoQ | -28.865 % | |
| EBIT Margin YoY | -23.899 % | |
| EBIT Margin IPRWA | high: 27.058 % EL: 7.031 % mean: -0.106 % median: -9.692 % low: -33.177 % |
|
| Return On Sales (ROS) | 15.005 % | |
| Return On Sales QoQ | 4.368 % | |
| Return On Sales YoY | 62.409 % | |
| Return On Sales IPRWA | high: 26.807 % EL: 15.005 % mean: 4.928 % median: 1.628 % low: -14.198 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 310.0 M | |
| Free Cash Flow Yield | 1.003 % | |
| Free Cash Flow Yield QoQ | -61.907 % | |
| Free Cash Flow Yield YoY | 43.491 % | |
| Free Cash Flow Yield IPRWA | high: 8.979 % median: 1.348 % EL: 1.003 % mean: 0.153 % low: -11.476 % |
|
| Free Cash Growth | -69.518 % | |
| Free Cash Growth QoQ | -79.14 % | |
| Free Cash Growth YoY | -15.721 % | |
| Free Cash Growth IPRWA | high: 132.982 % mean: -49.825 % median: -49.998 % EL: -69.518 % low: -400.853 % |
|
| Free Cash To Net Income | 3.483 | |
| Cash Flow Margin | 6.546 % | |
| Cash Flow To Earnings | 2.73 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.03 | |
| Return On Assets (ROA) | 0.453 % | |
| Return On Assets QoQ | -45.553 % | |
| Return On Assets YoY | -43.516 % | |
| Return On Assets IPRWA | high: 6.346 % EL: 0.453 % mean: -0.424 % median: -1.6 % low: -6.64 % |
|
| Return On Capital Employed (ROCE) | 1.898 % | |
| Return On Equity (ROE) | 0.022 | |
| Return On Equity QoQ | -44.538 % | |
| Return On Equity YoY | -39.082 % | |
| Return On Equity IPRWA | high: 0.075 EL: 0.022 median: -0.021 mean: -0.026 low: -0.171 |
|
| DuPont ROE | 2.219 % | |
| Return On Invested Capital (ROIC) | 1.385 % | |
| Return On Invested Capital QoQ | -52.389 % | |
| Return On Invested Capital YoY | -25.457 % | |
| Return On Invested Capital IPRWA | high: 6.342 % EL: 1.385 % mean: 0.105 % median: -1.817 % low: -6.002 % |
|