Obermatt

Lululemon Athletica

NSQ:LULU · US5500211090
Textiles, Apparel & Luxury GoodsX-Large

360

70
EV / EBIT79
Price / Owner Earnings62
Owner Earnings Yield82
Dividend Yield1
Price/Sales36
EV / Gross Profit52
Price/Book57
Return on Capital91
Cash Return on Capital94
Return on Equity85
EBIT Margin73
Gross Profitability91
Cash Conversion32
Accruals9
Owner Earnings Margin74
Sales growth32
Profit Growth88
Long-Term EPS Growth66
Owner Earnings Growth35
Reinvestment30
Price momentum7
Debt load80
Refinancing40
Debt Payback59
Liquidity100
Analyst ratings1
Opinion Changes50
Price Target Upside39
Market mood55
Value Creation12/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Lululemon Athletica clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountryCanada
IndustryTextiles, Apparel & Luxury Goods
SizeX-Large
TypePublic Company
ExchangeNASDAQGS
Founded2005
Employees20,075
ISINUS5500211090
Last UpdateApr 2, 2026
Themes
LifestyleE-CommerceFitnessRetailWellness

Description

lululemon athletica inc. (‘lululemon’) designs, distributes, and retails technical athletic apparel, footwear, and accessories. Products The company offers a comprehensive line of technical athletic apparel, footwear, and accessories marketed under…

Analysis

Middle-of-the-road

lululemon athletica inc. sits in the middle of our grid: average quality, average price, no obvious signal in either direction. Worth noting: the cash the business generates has lagged behind what the income statement shows.

On valuation, the picture is attractive. The owner-earnings multiple stands at 10.5×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around -2% a year, against analyst forecasts of 10%. The price, in other words, assumes less than the experts do.

Growth is tepid; the safety picture is sturdy. The company scores 12/20 on our value-creation score: creating some value.

Flags to be aware of: Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
23
2023202420252026

All-time high

69

Apr 2023

All-time low

5

Jan 2023

Average rank

46

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
36
5
1
3
Price/Earnings
68
24
3
7
Price/Book
57
9
3
8
Dividend Yield
1
1
1
1
Value (overall)
30
3
3
1

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →