Ulta Beauty, Inc. Financial Ratios — ULTA Stock

Profitability (USD)

	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y	2026 Y
As of date	01/31/2012	01/31/2013	01/31/2014	01/31/2015	01/31/2016	01/31/2017	01/31/2018	01/31/2019	01/31/2020	01/31/2021	01/31/2022	01/31/2023	01/31/2024	01/31/2025	01/31/2026

Return on Common Equity (%)	94.49	71.16	53.34	44.98	42.3	47.12	55.51	59.85	63.16	15.16	106.93	150.58	113.07	86.99	71.83
Return on Assets (%)	14.25	15.46	14.1	14.34	15.19	17.13	20.34	21.59	17.53	3.53	20.01	24.52	23.31	20.52	17.74
Return on Capital (%)	94.77	71.21	53.34	44.98	42.3	47.12	55.51	59.85	33.83	5.71	35.29	46.01	42.34	36.42	31.53
Return on Invested Capital (%)	25.16	25.91	23.23	22.93	23.8	27.5	33.6	36.51	25.02	7.09	26.82	33.88	31.39	27.34	24.35
Gross Margin (%)	34.73	35.3	35.25	35.07	35.28	35.99	35.63	35.87	36.24	31.68	39.03	39.62	39.09	38.84	39.1
EBITDA Margin (%)	15.88	17.25	16.89	17.17	17.48	18.2	18.05	17.17	16.44	10.79	18.25	18.52	17.22	16.34	14.92
Operating Margin (%)	11.61	13.28	12.91	13.1	13.28	13.87	13.76	13.01	12.44	5.95	15.14	16.16	15.05	13.98	12.5
Incremental Operating Margin (%)	24.96	19.95	11.12	14	14.09	16.38	13.22	7.72	6.82	44.47	37.95	21.69	3.74	-122.1	-2.72
Pretax Margin (%)	11.01	12.6	12.27	12.69	12.93	13.51	13.37	12.79	12.25	3.76	15.01	16.1	15.13	13.99	12.36
Profit Margin (%)	6.77	7.77	7.6	7.93	8.15	8.44	9.44	9.8	9.54	2.86	11.42	12.17	11.52	10.63	9.31
Net Income to Common Margin (%)	6.77	7.77	7.6	7.93	8.15	8.44	9.44	9.8	9.54	2.86	11.42	12.17	11.52	10.63	9.31
Effective Tax Rate (%)	38.52	38.33	38.1	37.48	36.94	37.51	29.44	23.35	22.09	23.91	23.92	24.41	23.86	23.98	24.42
Dvd Payout Ratio (%)	- -	36.21	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	94.49	45.4	53.34	44.98	42.3	47.12	55.51	59.85	63.16	15.16	106.93	150.58	113.07	86.99	71.83

Credit (USD)

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	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y	2026 Y
As of date	01/31/2012	01/31/2013	01/31/2014	01/31/2015	01/31/2016	01/31/2017	01/31/2018	01/31/2019	01/31/2020	01/31/2021	01/31/2022	01/31/2023	01/31/2024	01/31/2025	01/31/2026

Total Debt	- -	- -	- -	- -	- -	- -	- -	- -	1,938	1,897	1,847	1,903	1,911	1,923	2,182
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	240	253	274	283	284	288	369
LT Debt	- -	- -	- -	- -	- -	- -	- -	- -	1,699	1,643	1,573	1,620	1,627	1,635	1,813
Total Debt/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	1.59	2.86	1.17	1.01	0.99	1.04	1.18
Net Debt/EBITDA	-0.9	-0.84	-0.93	-0.7	-0.5	-0.44	-0.26	-0.35	-0.32	-1.58	-0.27	-0.39	-0.4	-0.38	-0.2
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	2.11	5.18	1.41	1.15	1.13	1.22	1.41
Net Debt/EBIT	-1.23	-1.09	-1.22	-0.92	-0.66	-0.57	-0.34	-0.47	-0.43	-2.86	-0.33	-0.45	-0.45	-0.45	-0.23
EBITDA to Interest Expense	480.6	2,070.42	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	261.46	1,051.08	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	351.25	1,593.48	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	19.58	23.33	28.89	34.3	37.33	35.52	37.61	34.67	23.21	23.38	13.72	18.55	22.56	24.57	24.82
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	89.31	82.19	102.43	82.66	71.39	65.71	64.67
Long-Term Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	55.38	53.24	62.89	55.87	50.88	48.13	46.26
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	34.93	32.29	33.01	30.16	28.51	27.24	25.9
Total Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	101.91	94.86	120.28	97.11	83.84	77.29	77.83
Total Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	63.19	61.45	73.85	65.64	59.75	56.61	55.67
Total Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	39.85	37.27	38.76	35.44	33.49	32.04	31.18
Net Debt to Equity	-43.4	-40.72	-41.82	-31.19	-23.97	-24.84	-15.64	-22.48	-20.63	-52.31	-28.11	-37.65	-33.63	-28.26	-12.91
Net Debt/Capital (%)	382.61	1,395.25	-963.23	-133.69	-71.01	-73.84	-33.97	-58.7	-14.67	-51.26	-20.86	-34.14	-31.52	-26.1	-10.36
EBITDA	282	383	451	557	686	884	1,062	1,153	1,216	664	1,575	1,891	1,930	1,846	1,850
EBITDA-CapEx	153	194	225	307	387	510	622	834	1,216	664	1,575	1,891	1,930	1,846	1,850
Operating Income (Loss)	206	295	345	425	521	673	810	874	920	366	1,307	1,649	1,687	1,579	1,549

Liquidity (USD)

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	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y	2026 Y
As of date	01/31/2012	01/31/2013	01/31/2014	01/31/2015	01/31/2016	01/31/2017	01/31/2018	01/31/2019	01/31/2020	01/31/2021	01/31/2022	01/31/2023	01/31/2024	01/31/2025	01/31/2026

Cash Ratio	1.54	1.45	1.57	1.5	1.2	0.78	0.62	0.5	0.44	0.78	0.28	0.44	0.46	0.4	0.22
Current Ratio	3.52	3.57	3.76	3.5	3.47	2.9	2.64	2.32	1.81	1.87	1.46	1.61	1.71	1.7	1.41
Quick Ratio	1.7	1.64	1.75	1.65	1.36	0.95	0.77	0.66	0.56	0.92	0.43	0.56	0.59	0.52	0.36
CFO/Avg Current Liab	1.35	1.24	1.34	1.27	0.99	1.37	1.33	1.3	1.12	0.65	0.73	0.91	0.88	0.78	0.75
Common Equity/Total Assets	19.58	23.33	28.89	34.3	37.33	35.52	37.61	34.67	23.21	23.38	13.72	18.55	22.56	24.57	24.82
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	89.31	82.19	102.43	82.66	71.39	65.71	64.67
Long-Term Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	55.38	53.24	62.89	55.87	50.88	48.13	46.26
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	34.93	32.29	33.01	30.16	28.51	27.24	25.9
Total Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	101.91	94.86	120.28	97.11	83.84	77.29	77.83
Total Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	63.19	61.45	73.85	65.64	59.75	56.61	55.67
Total Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	39.85	37.27	38.76	35.44	33.49	32.04	31.18
CFO/Total Liabilities	59.3	48.94	54.65	53.91	47.7	63.33	68.7	69.74	37.18	26.22	32.8	43.45	43.07	38.1	35.82
CFO/CapEx	1.72	1.27	1.45	1.59	1.26	1.7	1.77	2.99	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	10.87	10.97	8.82	10.29	12.4	13.94	11.13	11.57	5.84	5.12	6.78	8.06	7.84	6.67	7.35

Working Capital (USD)

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	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y	2026 Y
As of date	01/31/2012	01/31/2013	01/31/2014	01/31/2015	01/31/2016	01/31/2017	01/31/2018	01/31/2019	01/31/2020	01/31/2021	01/31/2022	01/31/2023	01/31/2024	01/31/2025	01/31/2026

Accounts Receivable Turnover	73.33	65.62	60.31	65.16	66.83	63.2	62.48	56.95	53.71	37.01	40.45	47.14	112.4	- -	- -
Days Sales Outstanding	4.98	5.56	6.05	5.6	5.46	5.78	5.84	6.41	6.8	9.86	9.02	7.74	3.25	- -	- -
Inventory Turnover	5.01	4.74	4.22	4.05	3.78	3.64	3.71	3.73	3.76	3.41	3.95	3.97	4.08	3.72	3.64
Days Inventory Outstanding	72.91	76.96	86.44	90.11	96.5	100.18	98.31	97.91	97.04	106.9	92.51	91.86	89.44	98.02	100.33
Accounts Payable Turnover	13.66	15.13	13.67	13.14	14.06	14.44	13.46	12.13	11.73	9.15	10.86	11.27	12.62	12.88	12.42
Accounts Payable Turnover Days	26.72	24.13	26.7	27.77	25.96	25.28	27.11	30.1	31.13	39.88	33.6	32.38	28.92	28.34	29.39
Cash Conversion Cycle	51.17	58.39	65.79	67.94	76.01	80.67	77.04	74.22	72.71	76.88	67.93	67.22	63.78	69.68	70.94
Inventory to Cash Days	-67.93	-71.39	-80.39	-84.51	-91.04	-94.4	-92.47	-91.5	-90.24	-97.04	-83.48	-84.12	-86.2	-98.02	-100.33
Inventories	245	361	458	581	762	944	1,096	1,214	1,294	1,168	1,499	1,603	1,742	1,968	2,181
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	245	361	458	581	762	944	1,096	1,214	1,294	1,168	1,499	1,603	1,742	1,968	2,181
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y	2026 Y
As of date	01/31/2012	01/31/2013	01/31/2014	01/31/2015	01/31/2016	01/31/2017	01/31/2018	01/31/2019	01/31/2020	01/31/2021	01/31/2022	01/31/2023	01/31/2024	01/31/2025	01/31/2026

Market Capitalization	4,665	6,187	5,485	8,488	11,586	17,023	13,672	17,475	15,496	15,765	19,817	26,419	24,753	19,456	29,029
- Cash & Cash Equivalents	254	320	419	389	346	385	277	409	392	1,046	432	738	767	703	424
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	- -	- -	- -	- -	- -	- -	- -	- -	1,938	1,897	1,847	1,903	1,911	1,923	2,182
Enterprise Value	4,411	5,867	5,065	7,949	11,110	16,608	13,274	17,066	16,932	16,616	21,232	27,584	25,898	20,676	30,717
Total Capital	187	298	463	680	833	906	1,094	1,106	3,067	3,087	2,501	2,899	3,198	3,398	3,919
Total Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	63.19	61.45	73.85	65.64	59.75	56.61	55.67
Total Debt / EV	- -	- -	- -	- -	- -	- -	- -	- -	0.11	0.11	0.09	0.07	0.07	0.09	0.07
EV/Sales	2.48	2.64	1.9	2.45	2.83	3.42	2.26	2.54	2.29	2.7	2.46	2.7	2.31	1.83	2.48
EV/EBITDA	15.64	15.32	11.23	14.28	16.19	18.79	12.5	14.8	13.92	25.03	13.48	14.59	13.42	11.2	16.61
EV/EBIT	21.39	19.9	14.69	18.71	21.32	24.66	16.4	19.53	18.4	45.38	16.25	16.73	15.36	13.1	19.83
EV/Cash Flow to Firm	19.94	24.53	15.46	20.04	29.56	26.18	17.03	17.85	15.37	20.5	20.04	18.61	17.54	15.45	20.44
EV/Free Cash Flow to Firm	12.61	13.72	9.15	12.31	16.46	16.48	10.88	13.38	15.37	20.5	20.04	18.61	17.54	15.45	20.44
Diluted Market Cap	4,823	6,299	5,525	8,530	11,645	17,113	13,765	17,568	15,567	15,823	19,948	26,591	24,900	19,538	29,125
Diluted Enterprise Value	4,569	5,979	5,105	8,141	11,299	16,728	13,487	17,159	17,113	16,673	21,363	27,757	26,044	20,758	30,883
EV per Share	72.01	92.75	79.15	123.56	173.73	265.64	215.64	285.08	292.74	294.86	389.72	536.63	525.26	437.99	685
TTM Sales	1,776	2,220	2,671	3,241	3,924	4,855	5,885	6,717	7,398	6,152	8,631	10,209	11,207	11,296	12,393
TTM EBITDA	282	383	451	557	686	884	1,062	1,153	1,216	664	1,575	1,891	1,930	1,846	1,850
TTM Operating Income	206	295	345	425	521	673	810	874	920	366	1,307	1,649	1,687	1,579	1,549
TTM Cash Flow to Firm	221	239	328	397	376	634	779	956	1,101	810	1,059	1,482	1,476	1,339	1,503
TTM Free Cash Flow to Firm	350	428	554	646	675	1,008	1,220	1,276	1,101	810	1,059	1,482	1,476	1,339	1,503

Multiples (USD)

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	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y	2026 Y
As of date	01/31/2012	01/31/2013	01/31/2014	01/31/2015	01/31/2016	01/31/2017	01/31/2018	01/31/2019	01/31/2020	01/31/2021	01/31/2022	01/31/2023	01/31/2024	01/31/2025	01/31/2026

Price/Free Cash Flow	13.8	14.73	9.98	13.21	17.25	16.98	11.28	13.77	14.14	19.53	18.83	17.94	16.87	14.6	19.38
EV/EBIT	21.39	19.9	14.69	18.71	21.32	24.66	16.4	19.53	18.4	45.38	16.25	16.73	15.36	13.1	19.83
Enterprise Value	4,411	5,867	5,065	7,949	11,110	16,608	13,274	17,066	16,932	16,616	21,232	27,584	25,898	20,676	30,717
Low Price	36.78	75.63	72.51	82.52	120.38	146.77	187.96	191.7	222	124.05	276	330.8	368.02	318.17	309.01
EV/Sales	2.48	2.64	1.9	2.45	2.83	3.42	2.26	2.54	2.29	2.7	2.46	2.7	2.31	1.83	2.48
EV/EBITDA	15.64	15.32	11.23	14.28	16.19	18.79	12.5	14.8	13.92	25.03	13.48	14.59	13.42	11.2	16.61
Price/Earnings	38.79	35.86	27.04	33.01	36.2	41.54	24.62	26.54	21.95	89.66	20.1	21.26	19.17	16.2	25.17
Price/Earnings Average	30.36	33.74	31.51	26.06	32.25	35.21	27.92	22.85	24.47	75.19	19.56	17.02	17.73	16.3	18.86
Price/Earnings High	40.57	37.95	41.87	34.4	37.67	42.51	34.91	29.31	30.22	99.5	23.35	21.28	21.26	22.59	27.03
Price/Earnings Low	18.74	27.72	22.87	20.65	24.06	22.39	20.84	17.43	18.19	39.76	15.25	13.69	14.05	12.5	12.01
Price/Book Value	24.89	20.8	11.85	12.48	13.91	18.78	12.5	15.79	13.72	13.25	30.31	26.52	19.23	13.2	16.71
Price/Book Value Average	19.48	19.57	13.81	9.85	12.39	15.92	14.17	13.6	15.3	11.11	29.5	21.23	17.79	13.28	12.52
Price/Book Value High	26.03	22.01	18.34	13	14.47	19.22	17.72	17.45	18.89	14.7	35.2	26.53	21.32	18.4	17.95
Price/Book Value Low	12.02	16.08	10.02	7.8	9.24	10.12	10.58	10.37	11.37	5.87	23	17.07	14.1	10.19	7.98
Price/Tangible Book Value	7.98	7.86	5.47	6.8	8.03	10.98	7.71	9.68	8.21	7.94	13.01	13.56	10.91	7.85	12.23
Price/Tangible Book Value Average	6.24	7.4	6.37	5.37	7.15	9.31	8.74	8.34	9.15	6.66	12.66	10.86	10.1	7.9	9.17
Price/Tangible Book Value High	8.34	8.32	8.47	7.09	8.35	11.24	10.92	10.7	11.3	8.81	15.11	13.57	12.1	10.95	13.14
Price/Tangible Book Value Low	3.85	6.08	4.63	4.26	5.34	5.92	6.52	6.36	6.8	3.52	9.87	8.73	8	6.06	5.84
Price/Sales	2.63	2.79	2.05	2.62	2.95	3.51	2.32	2.6	2.09	2.56	2.3	2.59	2.21	1.72	2.34
Price/Sales Average	2.06	2.62	2.39	2.07	2.63	2.97	2.63	2.24	2.34	2.15	2.23	2.07	2.04	1.73	1.76
Price/Sales High	2.75	2.95	3.18	2.73	3.07	3.59	3.29	2.87	2.88	2.84	2.67	2.59	2.45	2.4	2.52
Price/Sales Low	1.27	2.15	1.74	1.64	1.96	1.89	1.97	1.71	1.74	1.14	1.74	1.67	1.62	1.33	1.12
Price/Cash Flow	21.12	25.89	16.74	21.4	30.82	26.83	17.54	18.28	14.07	19.45	18.71	17.83	16.77	14.53	19.32
Price/Cash Flow Average	16.53	24.36	19.5	16.9	27.45	22.74	19.89	15.74	15.69	16.32	18.21	14.27	15.51	14.63	14.48
Price/Cash Flow High	22.09	27.4	25.92	22.3	32.07	27.46	24.87	20.19	19.37	21.59	21.73	17.84	18.59	20.27	20.75
Price/Cash Flow Low	10.2	20.01	14.16	13.39	20.48	14.46	14.85	12	11.66	8.63	14.2	11.47	12.29	11.22	9.22
Price/Free Cash Flow Average	10.8	13.86	11.63	10.43	15.36	14.39	12.79	11.86	15.76	16.38	18.33	14.37	15.6	14.69	14.53
Price/Free Cash Flow High	14.43	15.59	15.45	13.77	17.95	17.38	15.99	15.22	19.46	21.67	21.87	17.95	18.7	20.35	20.82
Price/Free Cash Flow Low	6.67	11.39	8.44	8.26	11.46	9.15	9.55	9.04	11.71	8.66	14.29	11.55	12.36	11.27	9.25
EV/Sales Average	1.91	2.48	2.24	1.95	2.54	2.89	2.59	2.18	2.54	2.29	2.4	2.19	2.15	1.84	1.9
EV/Sales High	2.6	2.8	3.02	2.61	2.98	3.51	3.25	2.81	3.09	2.98	2.83	2.7	2.55	2.51	2.66
EV/Sales Low	1.13	2.01	1.58	1.52	1.87	1.81	1.92	1.65	1.94	1.27	1.91	1.78	1.72	1.44	1.26
EV/EBITDA Average	12.04	14.36	13.24	11.34	14.54	15.89	14.33	12.69	15.48	21.2	13.14	11.8	12.45	11.27	12.71
EV/EBITDA High	16.39	16.26	17.9	15.19	17.07	19.28	17.98	16.38	18.82	27.63	15.51	14.6	14.81	15.36	17.81
EV/EBITDA Low	7.09	11.65	9.36	8.84	10.72	9.95	10.63	9.6	11.83	11.81	10.44	9.61	9.99	8.8	8.44
EV/EBIT Average	16.48	18.66	17.32	14.86	19.14	20.85	18.8	16.75	20.45	38.43	15.84	13.53	14.25	13.17	15.18
EV/EBIT High	22.43	21.12	23.41	19.91	22.47	25.3	23.6	21.62	24.86	50.11	18.69	16.73	16.95	17.96	21.27
EV/EBIT Low	9.7	15.14	12.24	11.58	14.11	13.05	13.95	12.66	15.63	21.42	12.59	11.02	11.44	10.29	10.08
Last Price	76.15	97.82	85.71	131.94	181.17	272.28	222.1	291.92	267.91	279.76	363.74	513.96	502.05	412.15	647.36
High Price	79.64	103.52	132.72	137.49	188.48	278.63	314.86	322.49	368.83	310.49	422.43	514.25	556.6	574.76	695.34
Enterprise Value Average	3,397	5,501	5,973	6,313	9,973	14,041	15,222	14,638	18,822	14,072	20,703	22,316	24,040	20,798	23,515
Enterprise Value High	4,625	6,227	8,074	8,456	11,707	17,034	19,104	18,896	22,879	18,347	24,430	27,599	28,587	28,353	32,938
Enterprise Value Low	2,000	4,463	4,221	4,920	7,352	8,791	11,293	11,067	14,387	7,841	16,452	18,169	19,289	16,240	15,614

Shares Outstanding	62	64	64	64	64	62	61	59	57	56	52	50	48	46	44
Diluted Weighted Avg Shares	63	64	64	65	64	63	62	60	58	57	55	52	50	47	45
Basic Weighted Avg Shares	61	63	64	64	64	63	62	60	58	56	54	51	49	47	45
Revenue per Share	28.99	35.1	41.73	50.38	61.36	77.65	95.6	112.2	127.91	109.17	158.42	198.6	227.31	239.28	276.37
EBITDA per Share	4.61	6.06	7.05	8.65	10.73	14.13	17.26	19.27	21.02	11.78	28.92	36.78	39.15	39.1	41.25
Operating Income per Share	3.37	4.66	5.39	6.6	8.15	10.77	13.15	14.6	15.91	6.5	23.99	32.08	34.21	33.44	34.54
Basic EPS, GAAP	1.96	2.73	3.17	4	5	6.55	9.02	11	12.21	3.12	18.09	24.17	26.18	25.44	25.72
Basic EPS from Cont Ops	1.96	2.73	3.17	4	5	6.55	9.02	11	12.21	3.12	18.09	24.17	26.18	25.44	25.72
Diluted EPS, GAAP	1.9	2.68	3.15	3.98	4.98	6.52	8.96	10.94	12.15	3.11	17.98	24.01	26.03	25.34	25.64
Diluted EPS from Cont Ops	1.9	2.68	3.15	3.98	4.98	6.52	8.96	10.94	12.15	3.11	17.98	24.01	26.03	25.34	25.64
Dividend per Share	- -	0.99	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	3.61	3.78	5.12	6.16	5.88	10.15	12.66	15.97	19.04	14.38	19.44	28.83	29.94	28.36	33.51
Free Cash Flow per Basic Share	1.51	0.8	1.59	2.29	1.2	4.17	5.5	10.64	19.04	14.38	19.44	28.83	29.94	28.36	33.51
Cash & Equivalents per Share	4.14	5.07	6.56	8.38	7.44	6.64	6.46	6.84	8.68	18.56	7.92	14.35	15.55	14.9	11.02
Book Value per Share	3.06	4.7	7.24	10.57	13.02	14.5	17.77	18.48	19.52	21.12	12	19.38	26.11	31.23	38.74
Tangible Book Value per Share	9.54	12.44	15.68	19.39	22.56	24.8	28.82	30.15	32.64	35.25	27.95	37.89	46	52.48	52.94

Ulta Beauty, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)