Is Olaplex a debt?

Hake, points out that the company had $766.8 million in total debt as of June 30. Subtracting the $76.4 million in cash gives you a net debt of $690.4 million. On that debt, it paid $31.1 million in interest in the first six months of 2021.

How much money does Olaplex make?

Olaplex made a profit of $95 million on net sales of $270 million for the first half of the year, compared to a net loss of $22 million on about $100 million in sales during the same period in 2020.

Is Olaplex a good investment?

Olaplex Holdings Inc has a Growth Score of 67, which is Strong.

Is Olaplex overvalued?

Valuation metrics show that Olaplex Holdings, Inc. may be overvalued. Its Value Score of D indicates it would be a bad pick for value investors. The financial health and growth prospects of OLPX, demonstrate its potential to underperform the market.

Is Olaplex a public company?

Olaplex went public on September 30, 2021. It's listed on the NASDAQ exchange under the ticker symbol 'OLPX. ' It sold its shares at a price of $21 as part of its IPO. The initial offering raised close to $1.6 billion in capital for the company following the sale of 73.7 million shares.

Olaplex Concerns: Dermatologist discusses popular hair care product | FOX 5 DC

Who is the owner of Olaplex?

JuE Wong is the President and CEO of Olaplex.

Who owns Olaplex products?

Advent, which bought Olaplex in 2019, owns about 79.6 percent of the combined voting power in the company after the offering through associated investment funds.

Should I sell Olaplex stock?

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Olaplex in the last year. There are currently 11 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Olaplex stock.

Why are Olaplex shares dropping?

Competition is also increasing, causing legacy beauty brands to lose market share to smaller brands. The top three haircare companies globally (by retail sales) have lost over 4.3% of their market share since 2015. Part of this shift has been due to an increased focus on hair health, which Olaplex has capitalized on.

What is happening with Olaplex?

"Since January 2022, Olaplex no longer sold products using lilial in the UK or EU." Following the release of a 2019 report from the Scientific Committee on Consumer Safety, EU officials announced a ban on lilial in cosmetic products in 2020, which would take effect March 1, 2022.

Is Olaplex a private company?

Olaplex last year pulled in some $282.3 million in revenue and made more than $270 million in revenue in just the first half of 2021. In its filing, the company warned investors of its significant debt, due in part to dividends paid to its private equity sponsors.

Why is Olaplex going public?

An IPO will give Olaplex financial flexibility in the future, build awareness for the brand as well as help the company attract and retain talent, he said. “This is a story that deserves to be told,” Tiziani said.

Is Olaplex a good company to work for?

Olaplex overall is an excellent place to work and has provided lots of room for growth. As Olaplex grows it is imperative to hold onto the customer first culture that has been built.

Why is Olaplex so famous?

What makes the Olaplex system so universally beloved is that it works with all hair types and textures. As Martine Robertson, director of education at Olaplex puts it, "Olaplex is for everyone, literally. All hair goes through stress that can lead to breakage.

How did Olaplex become so popular?

Part of Olaplex's success was delivering that personal touch at a time when hair salons couldn't because of Covid lockdowns. The brand's strong social engagement created something of a digital hair salon when the beauty industry was struggling, driving millions of social media users to engage with the company.

What is the number one hair care brand in the world?

How many employees does Olaplex have?

Olaplex Holdings total number of employees in 2021 was 106, a 29.27% increase from 2020. Olaplex Holdings total number of employees in 2020 was 82, a INF% increase from 2019.

How many people work at Olaplex?

Olaplex, Inc. has 45 total employees across all of its locations and generates $13.69 million in sales (USD).

Is Olaplex sold in China?

Olaplex has confirmed they do not sell their products in retail stores in mainland China; therefore, they are not required to test on animals. “We do not have any authorized distributors in China.” As of May 1, 2021, some imported ordinary cosmetics can be exempt from animal testing under certain conditions.

Is Olaplex going to be banned?

Olaplex removed this ingredient ahead of the ban and confirmed that all No. 3 Hair Perfectors sold from January 2022 globally are lilial-free. This means the product doesn't breach regulations and can still be sold.

Is Olaplex discontinued?

The product is not being discontinued and is not being banned in the EU or UK. The Company, in a statement verified by Refinery29 the company said: “We removed the ingredient butylphenyl methylpropional (lilial) from manufacturing already so you'll still be able to purchase the product in the future.”

Is Olaplex banned in Europe?

CLAIM: Olaplex, an American company whose products are designed to repair damaged hair, was banned in Europe because an ingredient it uses was linked to infertility. AP'S ASSESSMENT: False.

What time will Olaplex IPO?

OLAPLEX shares are expected to begin trading on the Nasdaq Global Select Market on September 30, 2021 under the symbol “OLPX.” The offering is expected to close on October 4, 2021, subject to customary closing conditions.

Is Olaplex cancerous?

An ingredient historically used in Olaplex is being banned for its link with infertility. A common beauty ingredient is set to be banned in the EU for its link to cancer, gene mutations and reproductive issues.