WallStSmart

National Vision Holdings Inc (EYE)vsUlta Beauty Inc (ULTA)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Ulta Beauty Inc generates 537% more annual revenue ($12.96B vs $2.03B). ULTA leads profitability with a 9.3% profit margin vs 2.5%. ULTA trades at a lower P/E of 20.0x. ULTA earns a higher WallStSmart Score of 61/100 (C+).

EYE

Buy

52

out of 100

Grade: C-

Growth: 6.7Profit: 4.0Value: 4.3Quality: 5.0
Piotroski: 5/9Altman Z: 1.50

ULTA

Buy

61

out of 100

Grade: C+

Growth: 6.0Profit: 7.5Value: 4.0Quality: 6.0
Piotroski: 3/9Altman Z: 3.40
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

EYESignificantly Overvalued (-19.2%)

Margin of Safety

-19.2%

Fair Value

$23.65

Current Price

$17.29

$6.36 premium

UndervaluedFair: $23.65Overvalued
ULTASignificantly Overvalued (-20.8%)

Margin of Safety

-20.8%

Fair Value

$565.46

Current Price

$546.78

$18.68 premium

UndervaluedFair: $565.46Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

EYE2 strengths · Avg: 8.0/10
Price/BookValuation
1.5x8/10

Reasonable price relative to book value

EPS GrowthGrowth
36.4%8/10

Earnings expanding 36.4% YoY

ULTA2 strengths · Avg: 10.0/10
Return on EquityProfitability
45.8%10/10

Every $100 of equity generates 46 in profit

Altman Z-ScoreHealth
3.4010/10

Safe zone — low bankruptcy risk

Areas to Watch

EYE4 concerns · Avg: 3.8/10
P/E RatioValuation
27.6x4/10

Moderate valuation

Revenue GrowthGrowth
2.5%4/10

2.5% revenue growth

Altman Z-ScoreHealth
1.504/10

Distress zone — elevated risk

Market CapQuality
$1.35B3/10

Smaller company, higher risk/reward

ULTA3 concerns · Avg: 3.7/10
PEG RatioValuation
1.974/10

Expensive relative to growth rate

Price/BookValuation
8.6x4/10

Trading at 8.6x book value

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

Comparative Analysis Report

WallStSmart Research

Bull Case : EYE

The strongest argument for EYE centers on Price/Book, EPS Growth.

Bull Case : ULTA

The strongest argument for ULTA centers on Return on Equity, Altman Z-Score.

Bear Case : EYE

The primary concerns for EYE are P/E Ratio, Revenue Growth, Altman Z-Score. Thin 2.5% margins leave little buffer for downturns.

Bear Case : ULTA

The primary concerns for ULTA are PEG Ratio, Price/Book, Piotroski F-Score.

Key Dynamics to Monitor

EYE carries more volatility with a beta of 0.98 — expect wider price swings.

ULTA is growing revenue faster at 8.9% — sustainability is the question.

ULTA generates stronger free cash flow (38M), providing more financial flexibility.

Monitor SPECIALTY RETAIL industry trends, competitive dynamics, and regulatory changes.

Bottom Line

ULTA scores higher overall (61/100 vs 52/100). Both earn "Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

National Vision Holdings Inc

CONSUMER CYCLICAL · SPECIALTY RETAIL · USA

National Vision Holdings, Inc., is an optical retailer in the United States. The company is headquartered in Duluth, Georgia.

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Ulta Beauty Inc

CONSUMER CYCLICAL · SPECIALTY RETAIL · USA

Ulta Beauty, Inc., formerly known as Ulta Salon, Cosmetics & Fragrance Inc., is an American chain of beauty stores headquartered in Bolingbrook, Illinois. Ulta Beauty carries cosmetics and skincare brands, men's and women's fragrances, nail products, bath and body products, beauty tools and haircare products.

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