Coty
COTY on NYSE. Coty sells fragrance, makeup, and skin and body care products to consumers. Market value $2.4bn.
Price checks use the past 12 months to June 2026. Quality checks use five annual reports, the latest for the year to June 2026.
Recent profit includes a big one-time charge, so we price the company excluding that charge.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
See Materials stocks that passed both tests
This is not advice. Check the numbers below.
For every $100 of what the whole company costs, it produced $14.54 of spare cash in the past 12 months. A savings account pays about $4.
You pay 18.9 years of operating profit for the business. The average large US company costs around 18.
Each dollar kept in the business earns 3 cents a year. Above 10 is good.
Quality score: 67 of 100. Price score: 53 of 100. Our list needs 70 on quality and 60 on price.
$2.72 a share, 49% above its 1-year low
Over the past year the price has ranged from $1.82 to $4.47.
Dividend: 0.6% a year
Paid every year for at least 5 years
Prices from Monday’s close (5 October).
Five years of cash, in billions
| Revenue | |||||
| Revenue | $5.3bn | $5.6bn | $6.1bn | $5.9bn | $5.8bn |
| Operating margin | |||||
| Operating margin | 4.5% | 9.8% | 8.9% | 4.1% | -1.4% |
| Debt to equity | |||||
| Debt to equity | 1.43 | 1.12 | 1.02 | 1.13 | 1.04 |
| Shares outstanding | |||||
| Shares outstanding | 0.85bn | 0.87bn | 0.87bn | 0.88bn | 0.88bn |
Health checks
- Free cash flow positive5 of 5 years
- Accounting looks honest (Beneish)Nothing unusual
- Financial strength (Piotroski)4 of 9
- Profit backed by cash (accruals)No
- Debt1.04× equity
- Revenue growth, five yearsSlow, 4.6% a year
- Buying back its own sharesRoughly flat
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $1.3 billion last quarter, about the same as a year ago.
- A loss of $141 million, compared with a loss of $69 million a year ago.
- It loses 1 cents on each $1 of sales, after keeping 4 cents a year earlier.
- Spare cash over the past 12 months: $348 million, up from $278 million.
- Debt is $2.9 billion more than cash, down from $3.8 billion a year ago.
- Sales grew on a year ago in 2 of the last 4 quarters.
| Quarter to | Amount |
|---|---|
| September 2024 | $1.7bn |
| December 2024 | $1.7bn |
| March 2025 | $1.3bn |
| June 2025 | $1.3bn |
| September 2025 | $1.6bn |
| December 2025 | $1.7bn |
| March 2026 | $1.3bn |
| June 2026 | $1.3bn |
| Quarter to | Amount |
|---|---|
| September 2024 | $83m |
| December 2024 | $24m |
| March 2025 | -$406m |
| June 2025 | -$69m |
| September 2025 | $68m |
| December 2025 | -$124m |
| March 2026 | -$408m |
| June 2026 | -$141m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 20 August 2026
- Next quarterly (estimated, 10-Q)
- 4 August 2026
Who owns it
4 long-term investors we follow own it, up from 2 last quarter. 310 funds in all.
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| Gotham Asset ManagementJoel Greenblatt | $17m | <0.1% | Added |
| Miller Value PartnersBill Miller IV | $8m | 2.0% | New |
| First Manhattan Co.First Manhattan partners | $1m | <0.1% | Cut |
| Royce & AssociatesChuck Royce | $1m | <0.1% | New |
Largest holders overall
- BlackRock$156mAdded
- BNP Paribas Financial Markets$63m
- Credit Agricole S A$55mAdded
- Vanguard Portfolio Management$55mAdded
- Vanguard Capital Management$38mAdded
- State Street$34mAdded
- SG Americas Securities$34mAdded
- Assenagon Asset Management$30mAdded
- Banco Santander$28mCut
- D. E. Shaw$27mCut
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
2 investors own more than 5%.
- JAB Beauty B.V.at least 54.5%(filed with 3 related holders)Since 2 September 2025
What they said
Item 4 is hereby amended and supplemented as follows: Extension of Long Swap Arrangement As previously disclosed on Amendment No. 4, on February 9, 2023, JAB Holdings entered into long cash-settled total return equity swaps (each, a "Long Swap") with Banco Santander, S.A., BNP…
Read the filing - BlackRock, Inc.Passive investor6.4%+2.7 ptsSince 30 June 2026
| Holder | Stake | Since | |
|---|---|---|---|
JAB Beauty B.V. | at least 54.5% (filed with 3 related holders) | 2 September 2025 | What they saidItem 4 is hereby amended and supplemented as follows: Extension of Long Swap Arrangement As previously disclosed on Amendment No. 4, on February 9, 2023, JAB Holdings entered into long cash-settled total return equity swaps (each, a "Long Swap") with Banco Santander, S.A., BNP… Read the filing |
BlackRock, Inc. Passive investor | 6.4%+2.7 pts | 30 June 2026 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
In the last 12 months, 2 insiders bought $213,280 of shares on the open market.
- von Bretten GordonPresident - Consumer Beauty, DirectorBought
- Date
- 6 March 2026
- Shares
- 83,000
- Price
- $2.41
- Value
- $200,030
- Mercier LaurentChief Financial OfficerBought
- Date
- 10 February 2026
- Shares
- 5,000
- Price
- $2.65
- Value
- $13,250
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 6 March 2026 | von Bretten Gordon President - Consumer Beauty, Director | Bought | 83,000 | $2.41 | $200,030 |
| 10 February 2026 | Mercier Laurent Chief Financial Officer | Bought | 5,000 | $2.65 | $13,250 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
Warning signs in its filings
Problems the company itself reported to the SEC, in its own words.
None of the warning signs we check for were found.
We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.
We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 20 Aug 2026, plus 1 later 8-K.
A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.
What could go wrong
Cheap for a reason is the question the numbers cannot answer.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.