# Puig Brands (PUIGF.US)

Canonical: https://gigainvestors.com/s/PUIGF

Analysis as of: 2026-10-16T07:31:23.458Z. 

Listing currency: USD. Reporting currency: EUR.

## Verdict

Not enough history yet

Quality tests for Buy: not passed (profit record: pass; earnings resilience is evidence only). Published buy qualification: no.

Share price: $21.25 per share; close as of 2026-10-14.

## Checklist

### understandable: na

### moat: na

### economics: na

### management: na

### accounting: na

## Holders

- [Thomas Russo](https://gigainvestors.com/GR): tracked 13F investor; follow the investor page for holding quarter and amounts.

## Price story

Down 24% since Jun 2024

Story as of 2026-10-16T10:01:27.065Z; price observation 2026-10-14.

## Owner memo

Memo as of 2026-10-16T08:06:05.509Z.

### How it makes money

Operates in household & personal products; annual sales are EUR 5 billion.

- Source: https://uploads.puig.com/uploads/PUIG_BRANDS_Consolidated_Annual_Accounts_2025_eng_33d2988396.pdf#reviewed-original-annual-table (filed 2026-10-16T07:31:23.458Z); FY2025: revenue 5042026000; grossProfit 3786894000; margin = grossProfit / revenue.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16); PUIGF.US: Puig Brands, S.A. operates in the beauty and fashion industry in Europe, the Middle East, Africa, the Americas, and the Asia-Pacific. The company operates through three segments: Fragrance and Fashion, Makeup, and Skincare. The Fragrance and Fashion segment designs, develops, and markets fragrances in various forms, including eau de parfum sprays and colognes, lotions, powders, creams, candles, and soaps, that are based on a particular fragrance, as well as clothing, footwear and accessories under the Carolina Herrera, Jean Paul Gaultier, Nina Ricci, Rabanne, Byredo, Christian Louboutin, Dries Van Noten, L'Artisan Parfumeur, Penhaligon's, Adolfo Domínguez, and Banderas brands. The Makeup segment engages in the creation, marketing, and sale of a range of cosmetic products, such as foundations, concealers, lipsticks, lip glosses, eyeliners, blushes, mascaras, and eyeshadows under the Carolina Herrera, Charlotte Tilbury, Rabanne, Byredo, Christian Louboutin, and Dries Van Noten brands. The Skincare segment offers cleansers, toners, moisturizers, serums, body care, exfoliators, acne, and oil correctors, facial masks, and sun care products under the Uriage, Apivita, Dr.Barbara Sturm, Kama Ayurveda, Loto del Sur, and Charlotte Tilbury brands. It sells its products in department stores, warehouses, pharmacies, drug stores, travel retail, spas, and Puig's own shops through digital channels, brands' own e-commerce, and distributors. The company was incorporated in 1914 and is based in Barcelona, Spain. Puig Brands, S.A. is a subsidiary of Puig, S.L.

### Why customers stay

Margins ranged from 74.7% to 75.1% during 2023–25.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16T07:31:23.458Z); FY2023: grossProfit / revenue = 74.7%.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16T07:31:23.458Z); FY2024: grossProfit / revenue = 74.9%.

- Source: https://uploads.puig.com/uploads/PUIG_BRANDS_Consolidated_Annual_Accounts_2025_eng_33d2988396.pdf (filed 2026-10-16T07:31:23.458Z); FY2025: grossProfit / revenue = 75.1%.

### Where the cash goes

Paid dividends in 5 of 5 years.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16T07:31:23.458Z); FY2021: growth capex 0; upkeep 77218000; owner earnings 250345000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16T07:31:23.458Z); FY2022: growth capex 6634000; upkeep 144953000; owner earnings 399490000. Growth capex / owner earnings = 0.01660617287040977.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16T07:31:23.458Z); FY2023: growth capex 3840000; upkeep 174079000; owner earnings 465209000. Growth capex / owner earnings = 0.008254354494431536.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16T07:31:23.458Z); FY2024: growth capex 0; upkeep 190919000; owner earnings 550225000. Growth capex / owner earnings = 0.

- Source: https://uploads.puig.com/uploads/PUIG_BRANDS_Consolidated_Annual_Accounts_2025_eng_33d2988396.pdf (filed 2026-10-16T07:31:23.458Z); FY2025: growth capex 0; upkeep 198488000; owner earnings 630911000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16T07:31:23.458Z); Dividend observations: [[2021,20482000],[2022,132005000],[2023,181323000],[2024,192519000],[2025,213840000]]. Zero only counted when supported by a complete cash-flow statement.

### Are managers owners

Insiders own 16.8% of the company.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16); PUIGF.US SharesStats.PercentInsiders = 16.805999999999997 percentage points; cache date 2026-10-16.

### What the price says

The price is 2.1 times annual sales.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16T07:31:23.458Z); Closing price 21.25 USD; reporting-to-trading FX 1.12128; FY2025 annual sales per share 8.950865944681565; price multiple 2.117287364420585. FY2025 cash earnings/share 1.1200259149843717. Closing-price date 2026-10-14.

## Monthly share-price history (USD per share)

- 2024-06: $28.00 per share

- 2024-07: $28.00 per share

- 2024-08: $27.00 per share

- 2024-09: $23.28 per share

- 2024-10: $20.78 per share

- 2024-11: $20.78 per share

- 2024-12: $20.78 per share

- 2025-01: $20.78 per share

- 2025-02: $18.94 per share

- 2025-03: $19.39 per share

- 2025-04: $18.51 per share

- 2025-05: $18.51 per share

- 2025-06: $18.51 per share

- 2025-07: $18.84 per share

- 2025-08: $18.84 per share

- 2025-09: $18.84 per share

- 2025-10: $18.84 per share

- 2025-11: $16.55 per share

- 2025-12: $17.14 per share

- 2026-01: $17.63 per share

- 2026-02: $17.63 per share

- 2026-03: $20.00 per share

- 2026-04: $21.30 per share

- 2026-05: $20.08 per share

- 2026-06: $17.74 per share

- 2026-07: $17.74 per share

- 2026-08: $21.25 per share

- 2026-09: $21.25 per share

- 2026-10: $21.25 per share

## Annual estimated value (USD per share)

Historical values use today's bond yield for every fiscal year

Historical values use today's FX rate into trading currency for every fiscal year

Historical values use current restated fundamentals and current commodity classification; they are not point-in-time estimates

## Sources

[Original annual-report filing](https://uploads.puig.com/uploads/PUIG_BRANDS_Consolidated_Annual_Accounts_2025_eng_33d2988396.pdf); period 2025-12-31, filed see filing.

Estimates depend on assumptions and are not guarantees or investment advice. Underlying data remains subject to its source licenses; public reading does not grant bulk redistribution rights.