NASDAQ · EWCZ

European Wax Center, Inc.

Consumer Defensive · Household & Personal Products

$5.820.00% ($0.00)at close

As of 4:00 PM ET

52-week

$3.24$6.52

Market cap

$319.14M

P/E

32.64

EPS (TTM)

$0.18

Next earnings

May 13, 2026

What the market price implies · Reverse DCF

To support a price of $5.82, this model requires Stage 1 FCFF to grow by -21.43%/yr over the next 5 years, compounded annually.

Historical FCFF grew by 11.92%/yr over the past 4 years. The required annual growth rate is 33.35 percentage points lower.

Selected forecast · Base scenario

11.92%/yr · Stage 1 default · years 1–5

Annual overrides take precedence over the Stage 1 default.

Market-implied · Other assumptions held fixed

-21.43%/yr · Stage 1 · years 1–5

Stage 1 growth is solved while Stage 2 growth, terminal growth, discount inputs, and annual overrides remain fixed. This is a model-implied requirement, not an analyst forecast.

Valuation

Recommended · Cash-flow DCF

Price used

$5.82

Estimated value / share

$22.13

Base scenario

This estimate is 280.31% above the price used.

USD · TTM ending 2026-04-04

FCFF base normalized by replacing latest capex with the company's trailing median capex-to-revenue ratio.

CapEx normalization was capped: company appears to be in a multi-year investment cycle. Median-based capex floor applied at 60% of TTM capex.

Historical FCFF CAGR and the default growth rates are taken from the raw historical series. The valuation base is normalized for the current-period DCF.

This estimate is at least 3× the price used. Review the assumptions behind the gap.

Stage 1 11.92% · Stage 2 6.56% · Discount rate 12.11%

Assumption scenarios, not statistical confidence intervals.

Method, dates & sources

Estimated from future free cash flow, discounted to its value today.

Price timestamp: May 15, 2026, 8:00 PM UTC
Financial statement period: TTM ending 2026-04-04
Data refreshed: Sep 22, 2026, 12:26 PM UTC · provider

Why this method?

FCFF is positive, but the year-to-year swings are too large for a direct CAGR. Normalize the cash-flow base first, then run DCF.

Is FCFF positive and has it been for 3+ consecutive years? 5 consecutive positive FCFF years are available.

Is FCFF stable (not swinging >30% year to year)? The largest recent FCFF swing is 36.6%. Latest capex is 4.5x the prior median, which points to a capex supercycle that should be normalized first.

Price vs Fundamentals

Why The Stock Is Moving

Mixed / unclearLow confidence

Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.

1Y Price: 5.82%Revenue (TTM): -4.68%FCF (TTM): -35.56%P/FCF: 33rd pct

What changed

The stock rose 5.82% over the last year. Revenue declined 4.68% over the trailing twelve months. Operating margin moved from 21.83% to 20.21%. Free cash flow declined 35.56% over the trailing twelve months.

What the market seems to be pricing

The stock has moved higher against modestly weakening underlying metrics. The operating data does not yet tell a clear story — the move may reflect sentiment, sector rotation, or macro factors rather than company-specific earnings power.

What would invalidate this read

Operating margin currently stands at 20.21%. A decisive move in revenue — currently down 4.68% — would be the clearest signal to resolve the ambiguity.

Performance

Return analysis

Company profile

European Wax Center, Inc. delivers professional out-of-home hair removal services across the United States, operating both as a franchisor and direct owner of its locations.

CEOChristopher Daniel Morris

SectorConsumer Defensive

IndustryHousehold & Personal Products

Employees124

IPO dateAug 5, 2021

https://waxcenter.com

Market multiples

Forward P/E—

EV/EBITDA7.19

Enterprise value$455.49M

Stock splits

No stock splits recorded for this ticker.

Profitability & growth

Revenue growth-0.57%

Gross margin (FY2025)73.95%▲0.4ppvs FY2024

Operating margin (FY2025)20.87%▼1.1ppvs FY2024

ROE10.37%▼1.7ppvs FY2025

Analyst consensus

RatingHold

Target price$7.96▲36.77%

Buy

Hold

Sell

Analyst ratings tend to be lagging indicators. Use as one signal among many.

Earnings

Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.

Next report

May 13, 2026

Q3 FY26 · EPS est $0.13 · Revenue est $51.55M

View

NASDAQ · EWCZ

European Wax Center, Inc.

Consumer Defensive · Household & Personal Products

$5.820.00% ($0.00)at close

As of 4:00 PM ET

52-week

$3.24$6.52

Market cap

$319.14M

P/E

32.64

EPS (TTM)

$0.18

Next earnings

May 13, 2026

What the market price implies · Reverse DCF

To support a price of $5.82, this model requires Stage 1 FCFF to grow by -21.43%/yr over the next 5 years, compounded annually.

Historical FCFF grew by 11.92%/yr over the past 4 years. The required annual growth rate is 33.35 percentage points lower.

Selected forecast · Base scenario

11.92%/yr · Stage 1 default · years 1–5

Annual overrides take precedence over the Stage 1 default.

Market-implied · Other assumptions held fixed

-21.43%/yr · Stage 1 · years 1–5

Stage 1 growth is solved while Stage 2 growth, terminal growth, discount inputs, and annual overrides remain fixed. This is a model-implied requirement, not an analyst forecast.

Valuation

Recommended · Cash-flow DCF

Price used

$5.82

Estimated value / share

$22.13

Base scenario

This estimate is 280.31% above the price used.

USD · TTM ending 2026-04-04

FCFF base normalized by replacing latest capex with the company's trailing median capex-to-revenue ratio.

CapEx normalization was capped: company appears to be in a multi-year investment cycle. Median-based capex floor applied at 60% of TTM capex.

Historical FCFF CAGR and the default growth rates are taken from the raw historical series. The valuation base is normalized for the current-period DCF.

This estimate is at least 3× the price used. Review the assumptions behind the gap.

Stage 1 11.92% · Stage 2 6.56% · Discount rate 12.11%

Assumption scenarios, not statistical confidence intervals.

Method, dates & sources

Estimated from future free cash flow, discounted to its value today.

Price timestamp: May 15, 2026, 8:00 PM UTC
Financial statement period: TTM ending 2026-04-04
Data refreshed: Sep 22, 2026, 12:26 PM UTC · provider

Why this method?

FCFF is positive, but the year-to-year swings are too large for a direct CAGR. Normalize the cash-flow base first, then run DCF.

Is FCFF positive and has it been for 3+ consecutive years? 5 consecutive positive FCFF years are available.

Is FCFF stable (not swinging >30% year to year)? The largest recent FCFF swing is 36.6%. Latest capex is 4.5x the prior median, which points to a capex supercycle that should be normalized first.

Price vs Fundamentals

Why The Stock Is Moving

Mixed / unclearLow confidence

Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.

1Y Price: 5.82%Revenue (TTM): -4.68%FCF (TTM): -35.56%P/FCF: 33rd pct

What changed

What the market seems to be pricing

What would invalidate this read

Operating margin currently stands at 20.21%. A decisive move in revenue — currently down 4.68% — would be the clearest signal to resolve the ambiguity.

Performance

Return analysis

Company profile

European Wax Center, Inc. delivers professional out-of-home hair removal services across the United States, operating both as a franchisor and direct owner of its locations.

CEOChristopher Daniel Morris

SectorConsumer Defensive

IndustryHousehold & Personal Products

Employees124

IPO dateAug 5, 2021

https://waxcenter.com

Market multiples

Forward P/E—

EV/EBITDA7.19

Enterprise value$455.49M

Stock splits

No stock splits recorded for this ticker.

Profitability & growth

Revenue growth-0.57%

Gross margin (FY2025)73.95%▲0.4ppvs FY2024

Operating margin (FY2025)20.87%▼1.1ppvs FY2024

ROE10.37%▼1.7ppvs FY2025

Analyst consensus

RatingHold

Target price$7.96▲36.77%

Buy

Hold

Sell

Analyst ratings tend to be lagging indicators. Use as one signal among many.

Earnings

Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.

Next report

May 13, 2026

Q3 FY26 · EPS est $0.13 · Revenue est $51.55M

View