olivLaw · European equity research
PUIG BRANDS, S.A. PUIG.MC
Spain · BME Madrid · ISIN ES0105777017 · Vertical: Listed companies from Spain
Puig is a Spanish premium beauty group with a diversified portfolio of fragrance and cosmetics brands. In 2025 it grew ahead of the market, with a solid organic growth driven by its brand portfolio, although the moderation of the fragrances category and currency movements weighed on results. Net sales reached 5,042 M EUR, with like-for-like growth of +7.8%.
At the close of 05 Nov 2026, PUIG BRANDS, S.A. (PUIG.MC) stock was 20.10 EUR (+0.50% on the day), with market capitalisation 11.4 bn EUR, P/E 19.1 on diluted EPS of 1.05 EUR over the last 12 months, dividend yield 1.88%, beta 0.72, 52-week range 13.83–20.10 EUR.
Data as of · AI analysis dated · Source: ESEF annual reports and closing prices, computed by olivLaw.
Price history
Loading chart…
Technical reading
- RSI (14)
- 68.4
- strong (55–70)
- Bollinger (20, 2)
- 18.20 – 20.21
- in the upper half of the band · %B 0.94 · band width 10.5%
- SMA 50 / 200
- 18.36 / 17.11
- uptrend (price > SMA50 > SMA200)
- MACD (12, 26, 9)
- 0.42 / 0.38
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | EURO STOXX 50 | vs EURO STOXX 50 | Vertical median | |
|---|---|---|---|---|
| 1 month | +10.0% | −0.6% | +10.7 pp | — |
| 3 months | +19.6% | −4.2% | +23.7 pp | — |
| 6 months | +14.9% | +4.3% | +10.5 pp | — |
| Year to date | +35.2% | +7.5% | +27.7 pp | — |
| 1 year | +36.0% | +9.9% | +26.1 pp | +6.7% |
| 3 years | unavailable | +49.8% | unavailable | +31.5% |
| 5 years | unavailable | +42.8% | unavailable | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 100 percentile of its own 2-quarter history (min 14.2, median 16.6, max 19.0; quarters with earnings only).
Fiscal years
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 4.3 bn | 4.8 bn | 5.0 bn |
| Revenue YoY | unavailable | +11.3% | +5.3% |
| Net income | 465.2 m | 530.6 m | 593.7 m |
| Net income YoY | unavailable | +14.1% | +11.9% |
| Diluted EPS | 0.86 | 0.94 | 1.05 |
| Diluted EPS YoY | unavailable | +9.3% | +11.7% |
| net % | 10.8% | 11.1% | 11.8% |
| Free cash flow | unavailable | unavailable | unavailable |
Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 1.0 bn EUR
- Financial debt
- 718.3 m EUR
- Net debt
- -318.1 m EUR
- Equity
- 3.9 bn EUR
- Total assets
- 8.5 bn EUR
- Debt / equity
- 0.18x
- Current ratio
- 1.12x
- ROE
- 15.9%
- ROA
- 6.9%
- FCF margin
- unavailable
Financial statements (source on every figure)
Revenue and net income (EUR)
Margins
Income statement · EUR
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Revenue | 4.3 bn | 4.8 bn | 5.0 bn | esef· 20 Oct 2026verified |
| Cost of revenue | 1.1 bn | 1.2 bn | 1.3 bn | esef· 20 Oct 2026verified |
| Gross profit | 3.2 bn | 3.6 bn | 3.8 bn | esef· 20 Oct 2026verified |
| Operating income | 693.0 m | 758.7 m | 812.4 m | esef· 20 Oct 2026verified |
| Pre-tax income | 643.2 m | 692.5 m | 819.8 m | esef· 20 Oct 2026verified |
| Income tax | 143.3 m | 150.0 m | 202.7 m | esef· 20 Oct 2026verified |
| Net income | 465.2 m | 530.6 m | 593.7 m | esef· 20 Oct 2026verified |
| Diluted EPS | 0.86 | 0.94 | 1.05 | esef· 20 Oct 2026verified |
| Dividend per share | 0.34 | 0.34 | 0.38 | esef· 20 Oct 2026derived |
Balance sheet · EUR
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Cash | 852.9 m | 882.6 m | 1.0 bn | esef· 20 Oct 2026verified |
| Receivables | 484.7 m | 567.5 m | 578.5 m | esef· 20 Oct 2026verified |
| Current assets | 2.3 bn | 2.5 bn | 2.5 bn | esef· 20 Oct 2026verified |
| Property, plant & equipment, net | 326.3 m | 380.4 m | 400.0 m | esef· 20 Oct 2026verified |
| Intangibles (excl. goodwill) | 4.1 bn | 4.7 bn | 4.6 bn | esef· 20 Oct 2026verified |
| Total assets | 7.7 bn | 8.6 bn | 8.5 bn | esef· 20 Oct 2026verified |
| Accounts payable | 55.3 m | 47.6 m | 37.2 m | esef· 20 Oct 2026verified |
| Long-term debt | 1.8 bn | 1.1 bn | 718.3 m | esef· 20 Oct 2026verified |
| Current liabilities | 1.6 bn | 1.8 bn | 2.3 bn | esef· 20 Oct 2026verified |
| Equity | 959.2 m | 3.5 bn | 3.9 bn | esef· 20 Oct 2026verified |
| Shares outstanding at year end | 540.9 m | 564.5 m | 565.4 m | esef· 20 Oct 2026derived |
Cash flow · EUR
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Operating cash flow | 556.5 m | 739.7 m | 859.0 m | esef· 20 Oct 2026verified |
| Investing cash flow | -286.6 m | -1.2 bn | -46.1 m | esef· 20 Oct 2026verified |
| Financing cash flow | -98.0 m | 538.3 m | -653.5 m | esef· 20 Oct 2026verified |
| Dividends paid | 181.3 m | 192.5 m | 213.8 m | esef· 20 Oct 2026verified |
| Share repurchases | 108.4 m | 357.0 k | 0 | esef· 20 Oct 2026verified |
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
- indicators available: 5 of at least 6
- score weight coverage: 37.5% of at least 60%
A scoring methodology on indicators and valuation, not investment advice.
Closing price
05 Nov 2026Source: olivLaw, closing series
Market cap: 11.4 bn EUR
Key indicators
Coverage and freshness
Score by group
38% · Insufficient data
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 5.14 – 23.87 EUR.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (EUR per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)unavailable · input data missing
- Peers: EV/EBITDAunavailable · input data missing
- Peers: P/E15.94 – 23.87 (Mid 20.87)18 companies used · median multiple 19.9x · quartiles 15.2x – 22.7xACS.MC, ADX.MC, AEDAS.MC, AENA.MC, AMS.MC, ANA.MC, CAF.MC, CLEO.MC, CMO.MC, DESA.MC, DIA.MC, EAT.MC, EDR.MC, ELE.MC, ENER.MC, ENO.MC, FAE.MC, FCC.MC
- Dividend discount (DDM)5.14 – 7.01 (Mid 5.93)
Assumptions (illustrative, editorial)
- Risk-free rate
- 3.0%
- Equity risk premium
- 5.5%
- Beta (default)
- 1.00
- Cost of equity
- 8.5%
- Terminal growth
- 2.0%
Factor scorecard
Insufficient data
Minimum-evidence gate: indicators available: 5 of at least 6; score weight coverage: 37.5% of at least 60%
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | 16.6% | 43 (vs peers) | 28% |
| Net margin · Quality | 11.8% | 78 (vs peers) | 17% |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | unavailable | unavailable | — |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | 1.1x | 27 (on a fixed band) | 11% |
| P/E (TTM) · Valuation | 19.1x | 64 (vs peers) | 28% |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | unavailable | unavailable | — |
| Shareholder yield (distributions) · Returns | 1.9% | 27 (on a fixed band) | 17% |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partial27/100 · 1/3 factors with a value
- Growth· partialunavailable · 0/2 factors with a value
- Quality56/100 · 2/3 factors with a value
- Returns· partial27/100 · 1/2 factors with a value
- Valuation· partial64/100 · 1/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
PUIG BRANDS S.A. (PUIG.MC). Latest full fiscal year: 2025; data up to 2025-12-31.
Figures computed from the financial statements: revenue 5.0 bn EUR in 2025; YoY growth 5.3%; net margin 11.8%; ROE 16.0%.
The estimated value range is 10.54–15.44 EUR per share (median of 2 methods, agreement: low); assumptions are illustrative. Against the central value of 13.40 EUR, the price of 20.10 EUR leaves a potential of -33.3% (value / price − 1) and a margin of safety of -50.0% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
Insufficient data for a verdict (indicators available: 5 of at least 6; score weight coverage: 37.5% of at least 60%).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Net margin: 11.8%
What contradicts it
- Current ratio: 1.1x
- Shareholder yield (distributions): 1.9%
- The price is above the estimated value range
- The valuation methods diverge
Not assessed (insufficient data or a ratio without meaning): FCF conversion, Revenue CAGR 3Y, EPS CAGR 3Y, Net debt / EBITDA, Interest coverage, EV/EBITDA, FCF yield, Payout ratio (FCF).
Versus the vertical median
Listed companies from Spain · same country · compared with 39 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| ELE.MCEndesa SA | 46.9 bn | 21.4 | 26.4% | 10.5% | +0.5% | +43% / +134% |
| AENA.MCAena S.m.e. SA | 42.6 bn | 19.9 | 24.2% | 34.0% | +8.9% | +21% / +79% |
| AMS.MCAmadeus It Group Sociedad Anonima | 26.2 bn | 19.8 | 26.9% | 20.5% | +6.1% | −6% / −5% |
| ACS.MCAcs Actividades De Construccion Y Servicios, S.A. | 21.9 bn | 23.0 | 19.9% | 1.9% | +19.7% | +7% / +134% |
| ANA.MCAcciona SA | 11.7 bn | 14.5 | 16.9% | 4.0% | +5.5% | +24% / +66% |
| PUIG.MCPuig Brands S.A. | 11.4 bn | 19.1 | 16.0% | 11.8% | +5.3% | +38% / unavailable |
| FCC.MCFomento De Construcciones Y Contratas S.A. | 5.0 bn | 30.3 | 5.3% | 1.7% | +6.9% | −8% / −14% |
| DIA.MCDistribuidora Internacional De Alimentacion SA | 2.7 bn | 20.6 | 165.6% | 2.2% | −2.7% | +51% / +380,733% |
| CMO.MCCementos Molins S.A. | 2.5 bn | 13.6 | 14.3% | 18.0% | −3.1% | +31% / unavailable |
| ENO.MCElecnor SA | 2.4 bn | 21.9 | 10.5% | 2.5% | +15.1% | −3% / +58% |
| ALM.MCAlmirall S.A. | 2.4 bn | 51.1 | 3.1% | 4.2% | +12.4% | −11% / +32% |
| FAE.MCFaes Farma SA | 1.5 bn | 19.3 | 10.8% | 13.0% | +23.7% | +3% / +57% |
| AEDAS.MCAedas Homes SA | 1.0 bn | 17.1 | 57.8% | 7.0% | −24.8% | +0% / +38% |
| EDR.MCEdreams Odigeo SA | 574.4 m | 11.5 | 21.0% | 7.8% | −0.4% | +40% / −24% |
| EAT.MCAmRest Holdings SE | 506.0 m | 31.4 | 4.3% | 0.6% | +0.1% | −34% / −61% |
| ADX.MCAudax Renovables S.A. | 468.5 m | 23.9 | 9.3% | 1.0% | −5.4% | −23% / −18% |
| ATRY.MCAtrys Health, S.A. | 200.4 m | — | -49.5% | -71.1% | +8.5% | −3% / −29% |
| ENER.MCEcoener, S.A. | 175.6 m | 32.2 | 4.2% | 6.4% | +3.6% | −34% / −6% |
| ADZ.MCAdolfo Dominguez SA | 62.9 m | 38.3 | 9.0% | 1.2% | +1.8% | +39% / +40% |
| DESA.MCDesarrollos Especiales De Sistemas De Anclaje S.A. | 44.8 m | 9.2 | 152.3% | 10.0% | +2.2% | +19% / unavailable |
| EZE.MCGrupo Ezentis SA | 29.0 m | — | — | -9.3% | +147.2% | −30% / −37% |
| CLEO.MCCompañia Levantina De Edificacion Y Obras Publicas SA | 17.3 m | 14.4 | 4.1% | 3.4% | +13.4% | unavailable / unavailable |
| AYC.MCAyco Grupo Inmobiliario, S.A. | 16.4 m | — | -33.8% | — | −100.0% | unavailable / unavailable |
| EBRO.MCEbro Foods, S.A. | 3.0 m | 0.0 | 10.0% | 7.7% | −4.0% | −0% / +19% |
| A3M.MCAtresmedia Corporacion De Medios De Comunicacion, S.A. | — | — | 7.9% | 6.9% | −2.7% | +13% / +60% |
1- and 3-year price returns: for PUIG.MC from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (EUR)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 11.97 Total return -39% · Per year -39% | 21.16 Total return 7% · Per year 7% | 31.86 Total return 61% · Per year 61% |
| 3 years | 11.80 Total return -37% · Per year -14% | 23.45 Total return 23% · Per year 7% | 38.74 Total return 101% · Per year 26% |
| 5 years | 11.63 Total return -35% · Per year -8% | 25.98 Total return 40% · Per year 7% | 47.10 Total return 149% · Per year 20% |
- Exit P/E± 5.86
- Net margin± 4.10
- Annual revenue growth± 3.34
- Annual dilution± 0.34
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
Puig is a Spanish premium beauty group with a diversified portfolio of fragrance and cosmetics brands. In 2025 it grew ahead of the market, with a solid organic growth driven by its brand portfolio, although the moderation of the fragrances category and currency movements weighed on results 1. Net sales reached 5,042 M EUR, with like-for-like growth of +7.8% 1.
SWOT
Strengths
- A diversified portfolio of premium brands able to sustain high margins and growth above the market under uncertain conditions.
- A revenue base spread across segments, regions and channels, which reduces dependence on a single product or market.
- A risk management model that was certified in 2025 against an international risk management standard.
Weaknesses
- Dependence on the fragrances category, which has entered a phase of moderating growth after a period of exceptional expansion.
- Exposure to exchange rate fluctuations, which had a negative impact on 2025 results.
- Sensitivity to changing consumer behaviour, as consumers become more cautious about premium purchases.
Opportunities
- Growth in mass and masstige segments and affordable products, which could widen the group's customer base.
- Development of digital channels, social commerce and artificial intelligence tools, which could increase customer engagement.
- The trend towards emotional wellbeing and longevity, which could open new product categories.
Threats
- Geopolitical volatility and trade policies, which could affect consumer confidence and trading conditions.
- Competition from indie brands and global competitors, which could erode market share in the more accessible segments.
- Pressure from sustainability and reporting regulation, which could raise compliance costs.
Risks
- Fragrance moderation riskhigh
If growth in the fragrances category keeps slowing, group revenue could be significantly affected.
- Currency riskmedium
Exchange rate movements can affect reported revenue and results, as happened in 2025.
- Geopolitical and trade riskmedium
Trade policies and geopolitical tensions can affect consumer confidence and the supply chain.
- Brand reputation riskmedium
Protecting brand value is a strategic risk, and a communication or product error could quickly damage the group's image.
- Cybersecurity risklow
Incidents affecting digital systems could generate financial, operational or reputational losses.
Investment thesis
What would need to be true (bull case)
- If demand for premium products stays solid and the group can carry its growth into more accessible segments, performance could keep beating the market.
- Diversification across brands, regions and channels provides a stable base, and high margins allow investment in innovation and digitalisation.
- If the digital strategy and social commerce develop successfully, the group could gain market share among younger consumers.
What would break the thesis
- If the moderation of the fragrances category deepens, group growth could slow significantly compared with recent levels.
- Consumer caution and competitive pressure from indie brands could limit the ability to sustain premium pricing.
- Currency volatility and trade uncertainty could continue to affect reported results in the coming periods.
What to watch
- Evolution of fragrances category growth and premium demand2026
- Impact of exchange rates on reported revenueQ1 2026
- Development of digital channels and social commerce2026
- Progress on the ESG Agenda 2030 targetsnext annual report
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
Puig Brands, S.A. is a Spanish company that develops, produces and markets premium fragrance, cosmetics and skincare brands. According to the 2025 annual report, financial results were solid, with growth above the premium beauty market, although growth moderated during the year due to tougher comparisons and the normalisation of the fragrances category 1. The group maintains high profitability margins and bases its strategy on a diverse brand portfolio 1.
The company reports revenue by business segment, geographic region and distribution channel, and the report shows meaningful diversification across all three dimensions 1. The group sells through retailers and distributors and integrates sustainability into its strategy, including the ESG Agenda 2030 1. Governance is handled by a board with dedicated audit, compliance and sustainability committees 1.
On performance, adjusted operating and net results grew on the back of a premium product mix and careful cost management, despite currency and trade volatility 1. The report notes that the negative currency impact over the full year was limited, and the group kept the targets communicated at the start of the year 1.
Segments
Business segments
Net sales are reported by business segment, and the brands in the portfolio cover mainly fragrances and premium cosmetics, the categories that generated most of the group's revenue in 2025 1.
Geographic segments
The group spreads revenue across several geographic regions, which reduces dependence on a single market but also exposes it to global currency and trade risks 1.
Distribution channels
Revenue is split between retail and distributor channels, and social e-commerce and digital platforms play a growing role in the channel strategy 1.
Market context
Puig operates in the global premium beauty market, where fragrance growth moderated in 2025 after a period of exceptional expansion, while demand for premium products stayed resilient 1. Consumers became more cautious with spending, which favoured mass and masstige segments, but the group still reported growth above the market in these conditions 1.
The market is shaped by trends such as the influence of Generation Z, the dominance of social e-commerce, the emotional wellbeing linked to fragrances and the integration of sustainability across the value chain 1. Geopolitical volatility and trade policies remain sources of uncertainty for demand and trading conditions 1.
Trends
- Moderation of fragrance growthheadwind
After a period of exceptionally high expansion, the fragrance category began to show clear signs of moderation in 2025, slowing group growth compared with earlier years 1.
- Premiumisationtailwind
Demand for premium beauty products held up, supported by consumer brand knowledge and the search for exclusivity, which supports the Puig portfolio 1.
- Cautious consumer spendingmixed
Consumers adopted more deliberate purchasing and sought value, which can push demand towards mass and masstige segments and limit premium growth 1.
- Digital and social e-commercetailwind
Digital platforms, virtual try-on and artificial intelligence are gaining ground in purchasing, offering channel expansion opportunities but requiring continued investment in the customer experience 1.
Competitive position
Puig competes in premium fragrances and cosmetics with large global companies and with indie brands that have grown quickly through social media and e-commerce 1. Competitive pressure is felt mainly in the mass and masstige segments, where consumers look for more affordable alternatives 1.
The group's advantage lies in its diverse brand portfolio and its ability to sustain high margins, which allows it to invest in innovation and digital channels while keeping pace with competitors 1.
- Estée Lauder CompaniesEL
US premium cosmetics group with competing brands in fragrances and skincare.
- L'Oréal
French cosmetics group with a global portfolio active in the same premium and mass categories.
- CotyCOTY
US fragrance and cosmetics company with brands competing in the fragrances category.
- Indie beauty brands
Smaller companies that have grown quickly through social media and e-commerce, attracting consumers with innovation and authenticity.
News & filings
In the press
- Puig Acquiring Remainder of Isdin for 1.2 Billion EurosYahoo Finance — News · 14 Sept 2026 · EN
- Puig Agrees to Take Control of Isdin in €1.2 Billion DealBloomberg Markets · 14 Sept 2026 · EN
- Cine a fost Antonio Puig Castell, cel care a creat, la Barcelona, Puig unul dintre cei mai mari jucători globali în industria de parfumuri, modă şi cosmeticeZiarul Financiar · 24 May 2026 · RO
- Cine este Antonio Puig Castell, cel care a creat, la Barcelona, Puig unul dintre cei mai mari jucători globali în industria de parfumuri, modă şi cosmeticeZiarul Financiar · 24 May 2026 · RO
- Puig Falls After Estee Lauder Deal FailsBloomberg Markets · 22 May 2026 · EN
- Estee Lauder și Puig renunță la fuziunea care ar fi creat un grup de lux de 40 de miliarde de dolariAgerpres · 22 May 2026 · RO
- Mega-fuziunea din industria parfumurilor a căzut: acțiunile Puig scad puternic după eșecul negocierilor cu Estee LauderEconomedia · 22 May 2026 · RO
- Estée Lauder surges in premarket after Puig merger deal talks endCNBC World · 22 May 2026 · EN
- Estee Lauder прекратила переговоры о слиянии с PuigKommersant (RU) · 22 May 2026 · RU
- Estée Lauder ends merger talks with Gaultier owner PuigThe Guardian World · 22 May 2026 · RO
- Estee Lauder-Puig Talks CollapseBloomberg Markets · 22 May 2026 · EN
- Discuţiile pentru colosul de 40 mld. dolari de fashion şi beauty au eşuat: Gigantul american Estée Lauder a pus capăt negocierilor de fuziune cu rivalul spaniol PuigZiarul Financiar · 22 May 2026 · RO
Annual reports (ESEF)
- Annual report 202520 Oct 2026
- Annual report 202520 Oct 2026
- Annual report 202408 May 2025
- Annual report 202408 May 2025
Sources
- [1] Annual report, fiscal year ended 2025-12-31 (ESEF) · SEC / PUIG BRANDS, S.A. · 31 Dec 2025
Figures computed by olivLaw from ESEF annual reports and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.