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Adore Beauty Group (ABY) Fair Value & Analysis

Consumer Cyclical · AU · Market cap A$27.0M

AB Adore Beauty Group ABY · AU
PriceA$0.2450
Fair ValueA$0.2800
Upside+14.3%
Quality53/100
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Mixed Growth
Thin margins · 0.2% net margin
Low debt · generates free cash flow
Mixed vs. peers (6/12)
Narrow moat 22/100
Evidence: High Range A$0.1300 – A$0.2800 Share as image

Fair value as of: Jul 20, 2026

From 25 valuation models · updated 21 days ago

Share price −16.9% over the past month.

A solid business, screening 14% undervalued on our models.

What matters now

  • A fairly wide model range (A$0.1300 to A$0.2800) leaves room in how you read the outcome.
  • Our model range runs from A$0.1300 (bear) to A$0.2800 (bull), base A$0.2800. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 53/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

A$5.26 A$0.2400 Fair Value A$0.2800 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 20, 2026.

How to read this chart

60‑month range A$0.2400 – A$5.26 · fair‑value band A$0.1300 – A$0.2800 · the A$0.2450 price screens below the A$0.2800 fair value. Dashed = 300-day average. As of Jul 20, 2026.

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Analysis

Adore Beauty Group (ABY) currently trades at A$0.2450, while our model-based Fair Value estimate is A$0.2800, implying the stock looks roughly 14.3% undervalued today. The Quality Score stands at 53/100 (solid quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Adore Beauty Group generated revenue of A$208M at a net margin of 0.2%. Revenue grew 8.7% year over year. It earns a return on equity of 0.8%. The balance sheet holds a net cash position of A$2.2M. Fundamentals as of Jul 20, 2026

Our scenario range runs from A$0.1300 (bear case) to A$0.2800 (bull case); at A$0.2450, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. For context, the median of 10 Consumer Cyclical peers we cover trades at -24% fair-value upside, at 14%, ABY screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF A$0.3900 A$0.5400 A$0.7400 80
Residual Income A$0.2700 A$0.2600 A$0.1700 76
Rev-Margin DCF A$1.28 A$2.39 A$3.86 74
All 25 models by family
DCF Models
FCF DCF A$0.4000 A$0.5700 A$0.8300 38
5Y Revenue Exit A$1.28 A$2.45 A$4.11 39
5Y EBITDA Exit A$1.66 A$3.25 A$5.33 41
5Y P/E Exit A$0.3100 A$0.4200 A$0.5300 38
10Y Revenue Exit A$0.8500 A$1.74 A$3.20 36
10Y EBITDA Exit A$1.12 A$2.24 A$4.08 37
10Y P/E Exit A$0.3500 A$0.4400 A$0.5800 35
Earnings-Based
Graham-Dodd A$0.0600 A$0.2800 A$0.3800 54
Lynch FV A$0.0700 A$0.1100 A$0.1400 50
PEG = 1.0 A$0.0700 A$0.1100 A$0.1400 46
EPV A$1.71 A$1.90 A$2.06 59
Dividend Discount
Gordon GGM A$0.7900 A$1.33 A$1.72 70
DDM Multi-Stage A$0.7900 A$1.26 A$1.43 61
Multiples
P/E Multiple A$0.1300 A$0.1800 A$0.2200 63
P/S Multiple A$0.1000 A$0.1400 A$0.1700 58
P/B Multiple A$0.1000 A$0.1400 A$0.1700 55
EV/EBIT A$3.45 A$4.55 A$5.66 53
EV/EBITDA A$2.73 A$3.60 A$4.47 54
EV/Revenue A$1.91 A$2.67 A$3.44 43
Asset-Based
NCAV (Graham) A$0.2100 A$0.2900 A$0.4300 50
Growth DCF
Growth DCF A$0.3900 A$0.5400 A$0.7400 80
Rev-Margin DCF A$1.28 A$2.39 A$3.86 74
Economic Profit
Residual Income A$0.2700 A$0.2600 A$0.1700 76
ROIC Compounder A$1.81 A$2.12 A$2.44 72
Growth Earnings
Growth-Adj P/E A$0.1200 A$0.1700 A$0.2200 68

Widest divergence: DCF Models (A$1.74) versus Earnings-Based (A$0.1100). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) A$208M
Revenue growth (YoY) +8.7%
Net margin 0.2%
Return on equity 0.8%
Free cash flow A$2.6M FY2024
Operating margin 1.1%
More key figures
EPS growth (YoY) -70.8%
Net cash A$2.2M FY2024

Figures from reported company fundamentals · as of Jul 20, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 53/100

Of which business quality 56 · Market factors (momentum, volatility) 7

Profitability 52
Margins and returns on capital today
Quality Growth 33
Are margins and returns improving?
Cashflow 37
Earnings quality: real cash, not paper profit
Fin. Strength 84
Balance sheet, leverage, solvency risk
Investment 74
Disciplined investing over empire-building
Low Volatility 22
Calm price path (market factor)
Momentum 2
Price trend over the last 3–12 months (market factor)
52W Momentum 0
Distance to the 52-week high (market factor)
Net Issuance 61
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Adore Beauty Group Limited operates an integrated content, marketing, and e-commerce retail platform in Australia and New Zealand. The company engages in the retail of beauty and personal care products, including skin, hair, make up, accessories, and others, as well as wellness and fragrance products under various brands.

Full company description

Adore Beauty Group Limited operates an integrated content, marketing, and e-commerce retail platform in Australia and New Zealand. The company engages in the retail of beauty and personal care products, including skin, hair, make up, accessories, and others, as well as wellness and fragrance products under various brands. It also offers Beauty IQ, an editorial content platform that offers beauty news, reviews, tips, and expert how-to articles to educate the customers on purchasing decisions. The company distributes its products through online channels and retail stores. Adore Beauty Group Limited was founded in 2000 and is headquartered in Southbank, Australia.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2020 – FY2024 · reported fiscal years

Adore Beauty Group reported revenue of A$199M in FY2024 versus A$179M in FY2020, a compound +2.6%/yr. Reported net income was A$761K in FY2024, compounding −2.6%/yr from FY2020.

Growth Quality 69/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2024)
A$199M
Latest YoY
+1.6%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−0.1%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+10.4%
Avg. growth/yr (8Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+27.8%
Revenue +2.6%/yr
FY20 A$179M
FY21 A$200M
FY22 A$182M
FY23 A$196M
FY24 A$199M
Net income −2.6%/yr
FY20 A$845K
FY21 A$2.4M
FY22 −A$559K
FY23 A$2.2M
FY24 A$761K

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Cite: Fair Value Calculator (2026). "Adore Beauty Group Fair Value". https://www.fairvalue-calculator.com/stock/ABY

Peer Group

Specialty Retail · 221 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 53 · Below median
Fair Value upside +14% · Above median
Return on equity (TTM) 1% · Below median
Return on assets 2% · Below median
Net margin (TTM) 0% · Below median
Operating margin (TTM) 1% · Below median
Revenue growth 9% · Above median

Valuation Multiples vs Specialty Retail median · lower = cheaper

P/B 0.47× · Cheaper than 75% of peers
P/S (TTM) 0.09× · Cheaper than 75% of peers
P/FCF 7.3× · Pricier than median
EV/EBITDA 1.8× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 52 · sector 29
FUTURE 44 · sector 23
PAST 3 · sector 27
HEALTH 100 · sector 94
DIVIDEND 0 · sector 51

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Specialty Retail stocks, each showing price versus our Fair Value estimate (as of Jul 20, 2026).

Stock Price Fair Value vs Fair Value
Casey's General Stores, Inc CASY $827.04 $405.44 -51%
Williams-Sonoma, Inc WSM $222.84 $164.16 -26%
Ulta Beauty, Inc ULTA $479.57 $488.39 +2%
DICK'S Sporting Goods, Inc DKS $208.89 $181.10 -13%
Best Buy Co BBY $83.98 $109.12 +30%
China Tourism Group 601888 ¥52.90 ¥40.40 -24%
Tractor Supply Company TSCO $31.01 $35.52 +15%
Murphy USA Inc MUSA $618.57 $423.35 -32%
Five Below, Inc FIVE $197.71 $117.29 -41%
Taiwan Mobile Co 3045 110.50 TWD 80.98 TWD -27%

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Frequently asked questions

Is Adore Beauty Group (ABY) overvalued or undervalued?
As of Jul 20, 2026, our model estimates a fair value of A$0.2800 versus a price of A$0.2450, about +14% (undervalued).
What is the fair value of ABY?
Our model-based fair value for Adore Beauty Group is A$0.2800 (as of Jul 20, 2026), built from audited fundamentals. The current price is A$0.2450.
What is the quality score of ABY?
Adore Beauty Group has a Quality Score of 53/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Adore Beauty Group (ABY)?
Adore Beauty Group reported trailing-twelve-month revenue of about A$208M (latest available figure, as of Jul 20, 2026).
What is the net profit margin of ABY?
The net profit margin of Adore Beauty Group is about 0.2%, meaning it keeps roughly 0.2% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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