Estee Lauder Companies, Inc. (EL) has never looked better. Even though its topline grew only 5% in fiscal year 2013 (FY13) – it was a slow year in the US market, worsened by challenges in markets abroad – Lauder managed to grow its bottomline by a much wider 16%. With earnings expected to rise another 13% in FY14 (year started July 1, 2013), Bidness Etc thinks the stock looks appealing at current valuations. Here’s a look at why.
Company Profile
Estee Lauder is a leading manufacturer of makeup, prestige skin care and hair care products and fragrances, which it sells in over 150 countries through a multi-channel distribution model. The company is recognized globally for its brands, innovative products and personalized, high-touch customer service.
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