Estee Lauder: A Secular Bet On Emerging Markets

About: The Estée Lauder Companies Inc. (EL), Includes: LRLCF, LRLCY
by: Urbem Capital
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Urbem Capital
Growth, long-term horizon, growth at reasonable price, value

Estée Lauder has recently been benefiting from its international expansion, especially in emerging markets.

The business builds its moat primarily through branding and scale.

We believe that industry tailwinds in emerging markets will provide massive runway for the company's future growth.

The share price does not look so appealing, and therefore, we would recommend waiting for pullbacks.

Written by Steven Chen, MBA.



New York-based Estée Lauder (EL) is a multinational manufacturer and marketer of prestige skincare, makeup, fragrance and hair care products. The company has