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31.01 (1y: +15%)
Market Cap 5.23 B P/E(ttm) 22.00
Enterprise Value 6.84 B P/B
SBH- NYSE (USA)
Sally Beauty Holdings Inc
Not Rated
Top Ranked Predictable Companies
$31.01
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GuruFocus Financial Strength Rank measures how strong a companyย’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 7/10

vs
industry		 vs
history
Cash to Debt 0.149
SBH's Cash to Debt is ranked lower than
90% of the 680 Companies
in the Global Specialty Retail industry.

( Industry Median: 2.36 vs. SBH: 0.149 )
SBH' s 10-Year Cash to Debt Range
Min: 0.02   Max: No Debt
Current: 0.15
Equity to Asset -0.376
SBH's Equity to Asset is ranked lower than
100% of the 680 Companies
in the Global Specialty Retail industry.

( Industry Median: 0.50 vs. SBH: -0.376 )
SBH' s 10-Year Equity to Asset Range
Min: -0.89   Max: 0.73
Current: -0.38
-0.89
0.73
Interest Coverage 3.6
SBH's Interest Coverage is ranked lower than
72% of the 680 Companies
in the Global Specialty Retail industry.

( Industry Median: 20.80 vs. SBH: 3.6 )
SBH' s 10-Year Interest Coverage Range
Min: 2   Max: No Debt
Current: 3.6
F-Score: 5
Z-Score: 3.8
M-Score: -2.3
GuruFocus Profitability Rank ranks how profitable a company is and how likely the companyย’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
ย•ย•3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rankย•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 8/10

vs
industry		 vs
history
Operating margin (%) 14.20
SBH's Operating margin (%) is ranked higher than
85% of the 680 Companies
in the Global Specialty Retail industry.

( Industry Median: 4.60 vs. SBH: 14.20 )
SBH' s 10-Year Operating margin (%) Range
Min: 7.6   Max: 14.2
Current: 14.2
7.6
14.2
Net-margin (%) 6.6
SBH's Net-margin (%) is ranked higher than
74% of the 680 Companies
in the Global Specialty Retail industry.

( Industry Median: 3.20 vs. SBH: 6.6 )
SBH' s 10-Year Net-margin (%) Range
Min: 1.8   Max: 6.6
Current: 6.6
1.8
6.6
ROA (%) 11.3
SBH's ROA (%) is ranked higher than
83% of the 680 Companies
in the Global Specialty Retail industry.

( Industry Median: 4.10 vs. SBH: 11.3 )
SBH' s 10-Year ROA (%) Range
Min: 3.2   Max: 13.6
Current: 11.3
3.2
13.6
ROC (Joel Greenblatt) (%) 76.70
SBH's ROC (Joel Greenblatt) (%) is ranked higher than
89% of the 680 Companies
in the Global Specialty Retail industry.

( Industry Median: 16.10 vs. SBH: 76.70 )
SBH' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 35   Max: 82.9
Current: 76.7
35
82.9
Revenue Growth (%) 6.8
SBH's Revenue Growth (%) is ranked higher than
72% of the 680 Companies
in the Global Specialty Retail industry.

( Industry Median: 0.00 vs. SBH: 6.8 )
SBH' s 10-Year Revenue Growth (%) Range
Min: 0   Max: 6.8
Current: 6.8
0
6.8
EBITDA Growth (%) 12.3
SBH's EBITDA Growth (%) is ranked higher than
81% of the 680 Companies
in the Global Specialty Retail industry.

( Industry Median: 0.00 vs. SBH: 12.3 )
SBH' s 10-Year EBITDA Growth (%) Range
Min: 0   Max: 12.3
Current: 12.3
0
12.3
EPS Growth (%) 23.1
SBH's EPS Growth (%) is ranked higher than
90% of the 680 Companies
in the Global Specialty Retail industry.

( Industry Median: 0.00 vs. SBH: 23.1 )
SBH' s 10-Year EPS Growth (%) Range
Min: 0   Max: 34.3
Current: 23.1
0
34.3
ยป SBH's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades
Q2 2012

SBH Guru Trades in Q2 2012

Pioneer Investments 1,295,930 sh (+144.02%)
Jeremy Grantham 23,700 sh (+92.68%)
Jim Simons 955,400 sh (+65.95%)
Alan Fournier 4,610,010 sh (unchged)
Mario Gabelli 1,333,420 sh (-3.84%)
Ken Fisher 3,595,504 sh (-18.29%)
John Keeley 1,599,052 sh (-23.9%)
Steven Cohen 1,747,023 sh (-30.99%)
» More
Q3 2012

SBH Guru Trades in Q3 2012

Joel Greenblatt 11,644 sh (New)
RS Investment Management 129,000 sh (New)
Paul Tudor Jones 47,830 sh (New)
John Burbank 128,000 sh (New)
Jim Simons 1,916,800 sh (+100.63%)
Alan Fournier 6,780,293 sh (+47.08%)
Pioneer Investments 1,293,140 sh (-0.22%)
Ken Fisher 3,566,584 sh (-0.8%)
John Keeley 1,576,085 sh (-1.44%)
Mario Gabelli 1,300,370 sh (-2.48%)
Jeremy Grantham 10,100 sh (-57.38%)
Steven Cohen 159,687 sh (-90.86%)
» More
Q4 2012

SBH Guru Trades in Q4 2012

Meridian Funds 902,300 sh (New)
John Griffin 4,765,000 sh (New)
Paul Tudor Jones 654,130 sh (+1267.61%)
Jim Simons 3,355,600 sh (+75.06%)
Alan Fournier 7,459,817 sh (+10.02%)
RS Investment Management Sold Out
John Burbank Sold Out
John Keeley 1,569,867 sh (-0.39%)
Pioneer Investments 1,261,060 sh (-2.48%)
Mario Gabelli 1,201,170 sh (-7.63%)
Ken Fisher 3,193,089 sh (-10.47%)
Joel Greenblatt 10,357 sh (-11.05%)
Steven Cohen 22,782 sh (-85.73%)
» More
Q1 2013

SBH Guru Trades in Q1 2013

Steve Mandel 6,175,857 sh (New)
RS Investment Management 574,980 sh (New)
John Griffin 5,730,000 sh (+20.25%)
Ken Fisher 3,218,955 sh (+0.81%)
Meridian Funds 902,300 sh (unchged)
Steven Cohen Sold Out
Joel Greenblatt Sold Out
Mario Gabelli 1,200,770 sh (-0.03%)
John Keeley 1,545,177 sh (-1.57%)
Alan Fournier 7,017,817 sh (-5.93%)
Pioneer Investments 776,810 sh (-38.4%)
Jim Simons 1,217,300 sh (-63.72%)
Paul Tudor Jones 44,166 sh (-93.25%)
» More
» Details

Insider Trades

Latest Guru Trades with SBH

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Steve Mandel 2013-03-31 New Buy0.94%$23.57 - $29.7 $ 31.0115%6175857
John Griffin 2013-03-31 Add 20.25%0.35%$23.57 - $29.7 $ 31.0115%5730000
Joel Greenblatt 2013-03-31 Sold Out 0.01%$23.57 - $29.7 $ 31.0115%0
John Griffin 2012-12-31 New Buy1.6%$22.76 - $26.09 $ 31.0127%4765000
Meridian Funds 2012-12-31 New Buy0.84%$22.76 - $26.09 $ 31.0127%902300
John Burbank 2012-12-31 Sold Out 0.15%$22.76 - $26.09 $ 31.0127%0
John Burbank 2012-09-30 New Buy0.15%$25.08 - $27.99 $ 31.0116%128000
Joel Greenblatt 2012-09-30 New Buy0.02%$25.08 - $27.99 $ 31.0116%11644
John Keeley 2012-06-30 Reduce -23.9%0.26%$24.87 - $27.99 $ 31.0118%1599052
John Keeley 2012-03-31 Reduce -21.38%0.26%$19.98 - $25.59 $ 31.0146%2101244
John Keeley 2011-09-30 Reduce -24.34%0.28%$14.92 - $18.47 $ 31.0182%3082613
Joel Greenblatt 2011-09-30 Sold Out 0.0334%$14.92 - $18.47 $ 31.0182%0
George Soros 2011-06-30 Sold Out $13.41 - $17.43 $ 31.01100%0
Mario Gabelli 2011-03-31 Reduce -38.29%0.09%$12.63 - $14.92 $ 31.01129%1506420
Joel Greenblatt 2011-03-31 New Buy0.07%$12.63 - $14.92 $ 31.01129%17109
George Soros 2011-03-31 New Buy0.01%$12.63 - $14.92 $ 31.01129%40200
Mario Gabelli 2010-09-30 Add 51.73%0.04%$8.14 - $11.7 $ 31.01228%2457020
George Soros 2010-09-30 Sold Out $8.14 - $11.7 $ 31.01228%0
Mario Gabelli 2010-06-30 Reduce -36.23%0.03%$7.67 - $10.68 $ 31.01245%1619320
George Soros 2010-06-30 New Buy$7.67 - $10.68 $ 31.01245%13400
John Keeley 2010-03-31 Add 18.65%0.11%$7.65 - $8.95 $ 31.01270%5144708
Premium More recent guru trades are included for Premium Members only!!

Top Ranked Articles about Sally Beauty Holdings Inc

WEEKLY CFO SELLS HIGHLIGHT: AMP, SBH, BLOX, ZIP, CAM
March 17, 2013
According to GuruFocus Insider Data, the largest CFO sells during the past week were: Ameriprise Financial Inc., Sally Beauty Holdings Inc., Infoblox Inc., Zipcar Inc, and Cameron International Corporation. Read more...

Ratios

vs
industry		 vs
history
P/E(ttm) 22.00
SBH's P/E(ttm) is ranked lower than
66% of the 556 Companies
in the Global Specialty Retail industry.

( Industry Median: 16.40 vs. SBH: 22.00 )
SBH' s 10-Year P/E(ttm) Range
Min: 7.55   Max: 40.13
Current: 22
7.55
40.13
P/S 1.59
SBH's P/S is ranked lower than
79% of the 678 Companies
in the Global Specialty Retail industry.

( Industry Median: 0.60 vs. SBH: 1.59 )
SBH' s 10-Year P/S Range
Min: 0.22   Max: 1.6
Current: 1.59
0.22
1.6
PFCF 26.90
SBH's PFCF is ranked lower than
68% of the 493 Companies
in the Global Specialty Retail industry.

( Industry Median: 17.62 vs. SBH: 26.90 )
SBH' s 10-Year PFCF Range
Min: 4.31   Max: 33.44
Current: 26.9
4.31
33.44
EV-to-EBIT 13.7
SBH's EV-to-EBIT is ranked lower than
58% of the 595 Companies
in the Global Specialty Retail industry.

( Industry Median: 12.47 vs. SBH: 13.7 )
SBH' s 10-Year EV-to-EBIT Range
Min: 8.1   Max: 40.9
Current: 13.7
8.1
40.9
PEG 1.6
SBH's PEG is ranked lower than
61% of the 238 Companies
in the Global Specialty Retail industry.

( Industry Median: 1.28 vs. SBH: 1.6 )
SBH' s 10-Year PEG Range
Min: 0.57   Max: 1.81
Current: 1.6
0.57
1.81
Shiller P/E 35.6
SBH's Shiller P/E is ranked lower than
100% of the Companies
in the Global Specialty Retail industry.

( Industry Median: vs. SBH: 35.6 )
SBH' s 10-Year Shiller P/E Range
Min: 27.15   Max: 39.71
Current: 35.6
27.15
39.71

Valuation & Return

vs
industry		 vs
history
Price/Net Current Asset Value 12.1
SBH's Price/Net Current Asset Value is ranked lower than
67% of the 628 Companies
in the Global Specialty Retail industry.

( Industry Median: 6.70 vs. SBH: 12.1 )
SBH' s 10-Year Price/Net Current Asset Value Range
Min: 4.1   Max: 10.5
Current: 12.1
4.1
10.5
Price/DCF (Projected) 3
SBH's Price/DCF (Projected) is ranked lower than
87% of the 287 Companies
in the Global Specialty Retail industry.

( Industry Median: 1.20 vs. SBH: 3 )
SBH' s 10-Year Price/DCF (Projected) Range
Min: 2.3   Max: 2.7
Current: 3
2.3
2.7
Price/Median PS Value 2.4
SBH's Price/Median PS Value is ranked lower than
94% of the 665 Companies
in the Global Specialty Retail industry.

( Industry Median: 1.10 vs. SBH: 2.4 )
SBH' s 10-Year Price/Median PS Value Range
Min: 0.7   Max: 2
Current: 2.4
0.7
2
Price/Peter Lynch Fair Value 1.6
SBH's Price/Peter Lynch Fair Value is ranked lower than
69% of the 166 Companies
in the Global Specialty Retail industry.

( Industry Median: 1.10 vs. SBH: 1.6 )
SBH' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.8   Max: 1.6
Current: 1.6
0.8
1.6
Earnings Yield (Greenblatt) 7.30
SBH's Earnings Yield (Greenblatt) is ranked lower than
51% of the 680 Companies
in the Global Specialty Retail industry.

( Industry Median: 7.40 vs. SBH: 7.30 )
SBH' s 10-Year Earnings Yield (Greenblatt) Range
Min: 2.4   Max: 12.3
Current: 7.3
2.4
12.3
Forward Rate of Return (Yacktman) 16.58
SBH's Forward Rate of Return (Yacktman) is ranked higher than
82% of the 680 Companies
in the Global Specialty Retail industry.

( Industry Median: 0.00 vs. SBH: 16.58 )
SBH' s 10-Year Forward Rate of Return (Yacktman) Range
Min: 16.1   Max: 29.2
Current: 16.58
16.1
29.2

Business Description

Sally Beauty Holdings, Inc. began operations with a single store in New Orleans in 1964 and was acquired in 1969 by its former parent Company, Alberto-Culver. The Company along with its consolidated subsidiaries is the distributor of professional beauty supplies through its Sally Beauty Supply retail stores, in the U.S., Puerto Rico, Belgium, Canada, Chile, Mexico, the United Kingdom and certain other countries in Europe. Additionally, the Company distributes professional beauty products to salons and professional cosmetologists through its Beauty Systems Group ("BSG") store operations and a commissioned direct sales force. It operates mainly through two business units, Sally Beauty Supply and Beauty Systems Group, or BSG. Through Sally Beauty Supply and BSG (which operates stores under the CosmoProf service mark), the Company operated a multi-channel platform of approx 3874 stores and supplied 185 franchised stores in North America, South America and selected European countries. Within BSG, the Company has one of the networks of professional distributor sales consultants in North America, with approximately 1,051 professional distributor sales consultants who sell directly to salons and salon professionals. As of September 30, 2010, Sally Beauty Supply had 3,006 company-operated retail stores and supplied 26 franchised stores (all outside the U.S.), and BSG had 868 Company-operated stores and supplied 159 franchised stores. Sally Beauty provides its customers with different third-party branded and exclusive-label professional beauty supplies, including hair care products, styling appliances, skin and nail care products and other beauty items. Sally Beauty Supply stores target retail consumers and salon professionals, while BSG targets salons and salon professionals. The professional beauty supply industry serves end-users through four channels: full-service/exclusive distribution, open-line distribution, direct and mega-salon stores. Full-Service/Exclusive serves salons and salon professionals and distributes "professional-only" products for use and resale to consumers in salons. BSG is a full-service distributor in the U.S. Open-Line serves retail consumers and salon professionals through retail stores and the internet. Direct focuses on direct sales to salons and salon professionals by large manufacturers. Mega-Salon Stores are large-format salons are supplied directly by manufacturers due to its large scale. Sally Beauty Supply offers a broad range of private label and controlled label products. . Its suppliers include: Procter & Gamble, the Professional Products Division of L'Oreal USA S/D, Inc., or L'Oreal, Conair Corporation, Shiseido Cosmetic (America) Limited, and John Paul Mitchell Systems. The Company experiences competition from domestic and international businesses often with more resources, including mass merchandisers, drug stores, supermarkets and other chains offering similar or substitute beauty products at comp
Company Website
SEC Reports
Industry: Specialty Retail
Compare:TSCO, AMZN, EBAY, FIVE, AZO
ยป More Articles for SBH

Headlines

Articles On GuruFocus.com
WEEKLY CFO SELLS HIGHLIGHT: AMP, SBH, BLOX, ZIP, CAM Mar 17 2013 
Weekly CFO Sells Highlight: SWN, SAAS, NFX, SBH, AFL Oct 01 2012 
3 Beauty Salon Supply Stocks for 2012 Apr 02 2012 
Weekly CFO Sells: ROP, SBH, TJX, VRSK, ONE Jan 16 2012 
Sally Beauty Holdings Inc. Reports Operating Results (10-Q) Feb 03 2011 
Sally Beauty Holdings Inc. Reports Operating Results (10-K) Nov 18 2010 
Sally Beauty Holdings Inc. Reports Operating Results (10-Q) Aug 04 2010 
John Keeley Buys NBTY Inc., NCR Corp., CIT Group Inc., The First American Corp., Sells ABB Ltd., Cor May 12 2010 
Sally Beauty Holdings Inc. Reports Operating Results (10-Q) Feb 04 2010 
Sally Beauty Holdings Inc. Reports Operating Results (10-K) Nov 19 2009 

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