EPC

Edgewell Personal Care Co

Consumer


Presented:07/16/2019
Price:$27.96
Cap:$1.51B
Current Price:$35.48
Cap:$1.75B

Presented

Date07/16/2019
Price$27.96
Market Cap$1.51B
Ent Value$3.46B
P/E Ratio19.17x
Book Value$32.93
Div Yield0%
Shares O/S54.13M
Ave Daily Vol843,021
Short Int8.76%

Current

Price$35.48
Market Cap$1.75B
Edgewell Personal Care Co. is engaged in manufacturing and marketing of personal care products. It operates through the following business segments: Wet Shave, Sun and Skin Care, Feminine Care, and All Other. The Wet Shave segment includes razor handle and refillable blades, disposable shave products, and shave gels and creams. The Sun and Skin segment comprises of Banana Boat, Hawaiian Tropic, and Wet Ones brands. The Feminine Care segment consists of tampons, pads and liners sold under the Playtex, Stayfree, Carefree, and o.b brands. The All Other segment refers to infant care products, such as bottles, cups, and pacifiers, under the Playtex, OrthoPro and Binky brand names, as well as the Diaper Genie, and Litter Genie disposal systems. The company was founded in 1999 and is headquartered in St. Louis, MO.

Edgewell Personal Care Co (EPC) - Short

Publicly traded companies mentioned herein: Edgewell Personal Care Co (EPC), Energizer Holdings Inc (ENR), Procter & Gamble Co (PG), Societe BIC SA (BB FP) 

Highlights

The presenter is short shares of Edgewell Personal Care (EPC) and believes that the acquisition of shaving start-up Harry’s will lead to a culture clash once Harry’s Co-Founders, Andy Katz-Mayfield and Jeff Raider, are placed in charge of EPC’s razor business. His base case of $22 represents 21% downside risk from the current price of $28 and there could be further downside if this culture clash escalates. 

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