Coty Inc Class A
COTY: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$53.20 | Byzl | Nwkt |
Coty’s Skincare Strategy to Focus on Pockets Where Its Technology Is Credible; Shares Compelling
After no-moat Coty laid out its skincare strategy Sept. 21, we have a deeper level of conviction that the firm can achieve our forecast for 6% sales growth and 15% operating margins over the long term, which underpins our $10.30 fair value estimate. Shares look compelling, trading at a 20% discount to our valuation and we suggest long-term investors build positions.