ULTA logo
Ulta Beauty Inc.
ULTA
490.07 (1.03%) 5.04
22.03(B)
Consumer Discretionary
Specialty Retail
Ulta Beauty Inc. operates as a specialty beauty retailer in the United States. The company offers branded and private label beauty products including cosmetics fragrance haircare skincare bath and body products professional hair products and salon styling tools through its Ulta Beauty stores shop-in-shops Ulta.com website and its mobile applications. It also provides beauty services including hair makeup brow and skin services at its stores. The company was formerly known as ULTA Salon Cosmetics & Fragrance Inc. and changed its name to Ulta Beauty Inc. in January 2017. Ulta Beauty Inc. was incorporated in 1990 and is based in Bolingbrook Illinois.
My Holdings:
(?% ownership)
Shares:
Cost basis:
Market cap:$22.03(B)
EV:$23.55(B)
Total Equity:$2.43(B)
Div. yield:0.00%
Earnings date:Aug-28-2025
P/E:19.11
P/E (fwd):20.81
P/FCF:21.29
P/S:2.00
P/B:9.08
EPS:$25.6
EPS (fwd):$23.6
FCF/share:$23.0
Dividend/share:$0.0
Book value/share:$54.0
ROIC:29.7%
ROA:20.5%
ROE:50.4%
Gross margin:42.7%
Net margin:10.4%

ULTA Valuation & Price Targets

  Current Price
490.07
PE Valuation
N/A
PEvaluation is not available for ULTA.
Analyst targets
N/A
No analyst estimates for ULTA.
DCF
N/A
Adjust your assumptions to reach a valid valuation.
DCF (exit mult.)
N/A
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Future P/E
N/A
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Peter Lynch FV
N/A
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Graham No.
N/A
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DDM
N/A
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PEvaluation

49% overvalued
Low
$186
Mid
$248
High
$310
Current price
$490
Fair P/E
Margin of safety
EPS
Market Model
Shares outstan...ROICRevenue growthDebt/FCFAssets/Liabili...
Economic moat: None/narrow

Estimated EPS

LowAvgHigh#
FY+122.823.625.826
FY+225.226.127.421
FY+324.028.731.18
FY+432.832.932.92
FY+536.636.837.12

Analyst Price Targets

0% overvalued
Low
$350
Mid
$490
High
$550
Current price
$490
Strong Buy4
Buy9
Hold13
Sell1
Strong Sell1

Estimated EPS

LowAvgHigh#
FY+122.823.625.826
FY+225.226.127.421
FY+324.028.731.18
FY+432.832.932.92
FY+536.636.837.12

Discounted Cash Flow

Forecast years
Terminal Growth Rate
Discount Rate
Free cash flow estimates:
Y+1 est.
Y+2 est.
0.00%
Y+3 est.
0.00%
Y+4 est.
0.00%
Y+5 est.
0.00%

Discounted Cash Flow (exit mult.)

Forecast years
Exit FCF Multiple
Discount Rate
Free cash flow estimates:
Y+1 est.
Y+2 est.
0.00%
Y+3 est.
0.00%
Y+4 est.
0.00%
Y+5 est.
0.00%

Future P/E Valuation

Projection Years
Base Revenue
Revenue Growth Rate
Final Net Margin
Final P/E Ratio
Discount Rate

Peter Lynch Fair Value

Earnings Per Share
Growth Rate (*)

(*) Growth rate is capped between 0 and 25

Graham Formula

Earnings Per Share
Expected Growth Rate
Government Bond Rate

(*) Growth rate is capped to 25

Dividend Discount Model

Annual Dividend
First Stage Length (Years)
First Stage Growth Rate
Final Growth Rate
Discount Rate

(*) First stage rowth rate is capped to 20%

Summary

TTM Financials

Income (TTM)

RevenueGrossNet
Revenue$11.42(B)
Gross profit$4.88(B)
EBITDA$1.84(B)
Net income$1.19(B)
Gross margin42.7%
Operating margin13.8%
Net margin10.4%
Shares outstanding:44.95(M)

Balance sheet

Cash & ST inv.Other ST assetsLong term assetsCurrent liabilitiesLong term debtOther LT liabilitiesEquity
Total assets$5.99(B)
Current assets$2.94(B)
Total liabilities$3.56(B)
Current liabilities$1.76(B)
Cash & Short-term inv.$454.63(M)
Long-term debt$0
Total intangibles$10.87(M)
PP&E$2.91(B)

Cash flow (TTM)

CFOCFICFF
FCF$1.04(B)
CapEx$-362.46(M)
Dividends paid$0
Stock issued$3.91(M)
Stock repurchased$-1.10(B)
Stock-based comp.$44.12(M)
Debt issued$199.70(M)
Debt repaid$-199.70(M)

Per share data (TTM)

Price: $490
Revenue: $245 (2.0x | 50.1%) Gross profit: $109 (4.5x | 22.1%) Earnings: $25.6 (19.1x | 5.2%)
FCF: $23.0 (21.3x | 4.7%) Stock-based Comp.: $0.98 (499.2x | 0.2%) Dividend: $0.00 (N/A | 0.0%)
Total Assets: $133 (3.7x | 27.2%) Total Liabilities: $79.1 (6.2x | 16.1%) Book Value: $54.0 (9.1x | 11.0%) Cash & ST inv.: $10.1 (48.4x | 2.1%) Debt: $0.00 (N/A | 0.0%)

Growth Estimates

Revenue

CAGR: 5.0%
FY+1FY+2FY+3FY+4FY+5
FY+1$11.68(B)
FY+2(+4.9%)$12.25(B)
FY+3(+5.3%)$12.90(B)
FY+4(+5.2%)$13.57(B)
FY+5(+4.7%)$14.21(B)

Net Income

CAGR: 6.8%
FY+1FY+2FY+3FY+4FY+5
FY+1$1.05(B)
FY+2(+6.9%)$1.12(B)
FY+3(+6.6%)$1.20(B)
FY+4(+7.2%)$1.28(B)
FY+5(+6.5%)$1.37(B)

EPS

CAGR: 11.8%
FY+1FY+2FY+3FY+4FY+5
FY+1$23.55
FY+2(+10.8%)$26.09
FY+3(+9.9%)$28.66
FY+4(+14.6%)$32.85
FY+5(+12.1%)$36.84

FCF per share

CAGR: 3.2%
FY+1FY+2
FY+1$35.60
FY+2(+3.2%)$36.74

Historical Financials

Showing limited histrical data.
YearlyQuarterly
Income
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
RevenueOperating IncomeNet IncomeCOGSGross ProfitTotal OpEx.R&DSG&AInterest ExpenseInterest IncomePre-tax incomeIncome tax
Cash flow
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Stock-based Comp.FCFCFONet IncomeD&ACFFStock IssuedStock RepurchasedDebt IssuedDebt RepaidDividend PaidCFIAcquisitionsDivestituresCapital Expenditures
Balance sheet
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Total AssetsTotal LiabilitiesCurrent assetsCash and EquivalentsShort-term investmentsInventoriesReceivablesNon-current assetsNet PP&EIntangible AssetsGoodwillCurrent liabilitiesAccounts payableNon-current liabilitiesLong-Term DebtTotal Equity
Per share data
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
EPS (Basic)FCF/ShareDividend/ShareEPS (Diluted)Book value/ShareCash & ST inv./ShareDebt/Share
Ratios
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
P/EP/SEV/EarningsP/FCFP/BEV/FCFDebt/EquityPayout ratio
Margins
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Net Income MarginOperating MarginGross MarginEBITDA MarginFCF Margin
Returns
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
ROICROAROCEROE
Shares outstanding
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Shares (Basic)Shares (Diluted)
Market Cap.
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Market Cap.

KPIs

No KPI data available yet!

Similar Companies

Ownership

Major holders

Insiders: 0.26%
Institutions: 97.50%
Other: 2.24%

Institutional ownership

11.96% Vanguard Group Inc9.86% Blackrock Inc.4.44% State Street Corporati...2.78% Morgan Stanley2.74% Geode Capital Manageme...2.73% Price (T.Rowe) Associa...2.65% Sanders Capital, LLC2.07% T. Rowe Price Investme...2.03% JPMORGAN CHASE & CO1.81% Invesco Ltd.54.43% Others

Insider transactions

Show:
Buys
Sells
Grants
DateSharesTotal ($)Price ($)NameTitle
Grant2025-06-1138300.0MRKONIC GEORGE R JRDirector
Grant2025-06-1138300.0SMITH MICHAEL CDirector
Grant2025-06-1138300.0PETZ HEIDI GDirector
Grant2025-06-1138300.0GARCIA KELLY EDirector
Grant2025-06-1138300.0NAGLER LORNA EDirector
Grant2025-06-1138300.0LITTLE PATRICIA A.Director
Grant2025-06-1138300.0HALLIGAN CATHERINE ANNDirector
Grant2025-04-01902157,354174.5CARO JODI JGeneral Counsel
Sell2025-04-01902332,984369.2CARO JODI JGeneral Counsel
Grant2025-03-3113,07600.0LIN KECIA STEELMANChief Executive Officer
Grant2025-03-313,34300.0RYAN ANITA JANEOfficer
Grant2025-03-312,16000.0OYIBO PAULA M.Chief Financial Officer
Buy2025-03-201,440499,528346.9LIN KECIA STEELMANChief Executive Officer
Grant2025-03-148,84200.0LIN KECIA STEELMANChief Executive Officer
Grant2025-03-141,61200.0RYAN ANITA JANEOfficer
Grant2025-03-1461600.0OYIBO PAULA M.Chief Financial Officer
Grant2025-03-142,35400.0CARO JODI JGeneral Counsel

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Future Dividend Income

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What is the Future Dividend Income Calculator?

The Future Dividend Income Calculator helps you estimate the future dividend income from your investments based on the current dividend yield and expected growth rate.

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