EPC

Edgewell Personal Care Co

Consumer


Presented:09/27/2017
Price:$71.66
Cap:$4.12B
Current Price:$35.48
Cap:$1.75B

Presented

Date09/27/2017
Price$71.66
Market Cap$4.12B
Ent Value$5.51B
P/E Ratio20.19x
Book Value$33.62
Div Yield0%
Shares O/S57.50M
Ave Daily Vol428,992
Short Int10.12%

Current

Price$35.48
Market Cap$1.75B
Edgewell Personal Care Co. engages in the manufacture and marketing of personal care products. It operates through the following 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 and Hawaiian Tropic sun care products, as well as Wet Ones wipes and Playtex household gloves. 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.

Publicly traded companies mentioned herein: Edgewell Personal Care (EPC), Procter & Gamble Co (PG), Unilever NV (UN)

Highlights

The presenter is short shares of Edgewell Personal Care (EPC), seeing meaningful headwinds facing the wet shave business (key brands include Schick, Wilkinson Sword, Personna, and Edge) due to a price war with Procter & Gamble (Gillette). EPC is facing a combination of market share loss and margin compression, and the presenter believe share price can decline to the mid- to high-$50s range, or potentially lower, from $72 today.

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Idea Discussion

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