WallStSmart

Tandy Leather Factory Inc (TLF)vsUlta Beauty Inc (ULTA)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Ulta Beauty Inc generates 16137% more annual revenue ($12.39B vs $76.32M). TLF leads profitability with a 11.9% profit margin vs 9.3%. ULTA appears more attractively valued with a PEG of 2.24. TLF earns a higher WallStSmart Score of 62/100 (C+).

TLF

Buy

62

out of 100

Grade: C+

Growth: 5.3Profit: 4.5Value: 7.3Quality: 8.5
Piotroski: 3/9Altman Z: 5.35

ULTA

Buy

55

out of 100

Grade: C-

Growth: 4.7Profit: 7.5Value: 7.3Quality: 6.3
Piotroski: 4/9Altman Z: 3.94
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

TLFUndervalued (+94.0%)

Margin of Safety

+94.0%

Fair Value

$51.48

Current Price

$2.33

$49.15 discount

UndervaluedFair: $51.48Overvalued
ULTASignificantly Overvalued (-291.5%)

Margin of Safety

-291.5%

Fair Value

$174.49

Current Price

$526.14

$351.65 premium

UndervaluedFair: $174.49Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

TLF4 strengths · Avg: 9.5/10
P/E RatioValuation
2.1x10/10

Attractively priced relative to earnings

Price/BookValuation
0.4x10/10

Reasonable price relative to book value

Altman Z-ScoreHealth
5.3510/10

Safe zone — low bankruptcy risk

EPS GrowthGrowth
23.5%8/10

Earnings expanding 23.5% YoY

ULTA2 strengths · Avg: 10.0/10
Return on EquityProfitability
43.6%10/10

Every $100 of equity generates 44 in profit

Altman Z-ScoreHealth
3.9410/10

Safe zone — low bankruptcy risk

Areas to Watch

TLF4 concerns · Avg: 2.3/10
Market CapQuality
$18.65M3/10

Smaller company, higher risk/reward

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

PEG RatioValuation
5.922/10

Expensive relative to growth rate

Operating MarginProfitability
-2.8%1/10

Operating margin of -2.8%

ULTA3 concerns · Avg: 3.3/10
PEG RatioValuation
2.244/10

Expensive relative to growth rate

Price/BookValuation
8.3x4/10

Trading at 8.3x book value

EPS GrowthGrowth
-5.4%2/10

Earnings declined 5.4%

Comparative Analysis Report

WallStSmart Research

Bull Case : TLF

The strongest argument for TLF centers on P/E Ratio, Price/Book, Altman Z-Score.

Bull Case : ULTA

The strongest argument for ULTA centers on Return on Equity, Altman Z-Score. Revenue growth of 11.8% demonstrates continued momentum.

Bear Case : TLF

The primary concerns for TLF are Market Cap, Piotroski F-Score, PEG Ratio.

Bear Case : ULTA

The primary concerns for ULTA are PEG Ratio, Price/Book, EPS Growth.

Key Dynamics to Monitor

ULTA carries more volatility with a beta of 0.85 — expect wider price swings.

ULTA is growing revenue faster at 11.8% — sustainability is the question.

ULTA generates stronger free cash flow (907M), providing more financial flexibility.

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

Bottom Line

TLF scores higher overall (62/100 vs 55/100). 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.

Tandy Leather Factory Inc

CONSUMER CYCLICAL · SPECIALTY RETAIL · USA

Tandy Leather Factory, Inc., is a retailer of leather and related leather goods in North America and Spain. The company is headquartered in Fort Worth, Texas.

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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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