Obermatt

Ulta Beauty

NSQ:ULTA · US90384S3031
Specialty RetailX-Large

360

78
EV / EBIT51
Price / Owner Earnings53
Owner Earnings Yield67
Dividend Yield1
Price/Sales23
EV / Gross Profit46
Price/Book25
Return on Capital90
Cash Return on Capital83
Return on Equity89
EBIT Margin72
Gross Profitability90
Cash Conversion36
Accruals16
Owner Earnings Margin79
Sales growth76
Profit Growth83
Long-Term EPS Growth51
Owner Earnings Growth36
Reinvestment32
Price momentum55
Debt load68
Refinancing41
Debt Payback62
Liquidity85
Analyst ratings71
Opinion Changes58
Price Target Upside82
Market mood69
Value Creation14/20strong value creator
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Ulta Beauty generates returns well above its cost of capital, the foundation of durable shareholder value.

Profile

CountryUSA
IndustrySpecialty Retail
SizeX-Large
TypePublic Company
ExchangeNASDAQGS
Founded1990
Employees19,682
Websiteulta.com
ISINUS90384S3031
Last UpdateApr 2, 2026
Themes
Augmented RealityLifestyleArtificial IntelligenceFast-Moving Consumer GoodsBeautyRetail

Description

Ulta Beauty, Inc. is an international specialty beauty retailer and a premier beauty destination for cosmetics, fragrance, skin care products, wellness products, hair care products, and salon services. The company developed a unique specialty retail…

Analysis

Middle-of-the-road

Ulta Beauty, Inc. is a middle-of-the-road business: neither the economics nor the price stand out from the peer group. One caution: reported profits have recently run ahead of actual cash, which we track closely.

The price is fair. You pay 18.9× its owner earnings: the cash an owner could take out each year, which is in the historically fair zone. At today's price, the market is assuming roughly 6% yearly growth; analysts expect 9%. The price, in other words, assumes less than the experts do.

The trajectory is moderate and the balance sheet is sturdy. The company scores 14/20 on our value-creation score: strong value creator.

What to watch: Some accounting patterns deserve a closer look. Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
77
2023202420252026

All-time high

91

Sep 2025

All-time low

57

Jun 2024

Average rank

76

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
23
27
7
8
Price/Earnings
39
55
34
19
Price/Book
25
17
12
21
Dividend Yield
1
1
1
1
Value (overall)
14
6
12
4

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →