Equity Analyst, LightStream Research

Oshadhi Kumarasiri

Equity Analyst

Long-Short Analysis on Japan, Asia and the World

LightStream Research

LightStream conducts quantitatively rigorous and data-driven analysis with a focus on Japan and Asia.

We consistently cover the Tech, Consumer and Industrial sectors, and provide ECM and Events coverage more broadly.

We supplement traditional qualitative insights from company relationships with a robust quantitative foundation that examines as much historical data as is available.
We further refine the accuracy of our insights and calls through the use of alternative data to flesh out current trends, and through a valuation framework that emphasises non-superficial peer group selection and a proper attempt to understand the metrics and changes that have driven security valuations in the past.

Equity Capital Markets

The Honest Company / Equity Capital Markets

<a href="https://www.smartkarma.com/entities/the-honest-company" target="_blank" data-smartkarma-citation="entities:33020:1" rel="noopener">The Honest Company (HNST US)</a> was borne from founder Jessica Alba’s quest for nontoxic, safe, eco-friendly, and affordable childcare product. The company has recently filled for a US IPO at a valuation of around US$ 2.0bn, according to various media reports.Historical track record and Honest’s sugar coated prospects makes us think that the company is mostly a marketing gimmick. Use of the word “Honest” in the company name was a great publicity stunt. At the same time, it created extra pressure when things unravelled in 2015-17.We explain the reasons why we think The Honest Company’s business model is unsustainable and plagued with dishonesty in details below.

The Honest Company (HNST US) was borne from founder Jessica Alba’s quest for nontoxic, safe, eco-friendly, and affordable childcare product. The company has recently filled for a US IPO at a valuation of around US$ 2.0bn, according to various media reports.Historical track record and Honest’s sugar coated prospects makes us think that the company is mostly a marketing gimmick. Use of the word “Honest” in the company name was a great publicity stunt. At the same time, it created extra pressure when things unravelled in 2015-17.We explain the reasons why we think The Honest Company’s business model is unsustainable and plagued with dishonesty in details below.

The Honest Company IPO: Doesn’t Look That Great, Honesty

United States

The Honest Company, Inc. operates an online retail stores. The Company offers diapers and wipes, healing balms, diaper rash creams, shampoos, body wash, and conditioners. Honest serves customers in the United States.

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The Honest Company IPO: Doesn’t Look That Great, Honesty

Historical track record and Honest’s sugar coated prospects makes us think that the company is mostly a marketing gimmick. Use of the word “Honest”...

Oshadhi Kumarasiri