/
Perfumes, cosmetics & other toilet preparations company · Revenue $272M · -79.96% margin · -$16M FCF
The business is unprofitable at the operating level (-79.96% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 0.7% YoY. Margins deteriorated 58.6pp alongside, both lines moving the wrong way.
ROIC dropped from -5.62% to -23.62%, capital efficiency is deteriorating. Negative free cash flow of -$16M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$272M
▼ -0.7% YoY
Net Income (TTM)
-$230M
▼ -441.3% YoY
Op. Margin
-79.96%
▼ -58.6pp YoY
ROIC
-23.62%
▼ -18.0pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$16M
▼ -40.9% YoY
Op. Cash Flow (TTM)
-$13M
▼ -45.3% YoY
Net Debt
$119M
Cash & Equiv.
$30M
3Y CAGR: +24.1%
Continue Research