In this article, we will discuss the 25 Best Long-lasting Perfumes for Men Under $500 You can skip our detailed analysis and go directly to the Best Long-lasting Perfume for Men Under $500.
As stated earlier in our article “15 Best Everyday Colognes in 2024,” the global perfume market was valued at $50.85 billion in 2022 and has been estimated to grow at a CAGR of 5.9% between 2023 and 2030. Most significantly, the market for luxury perfumes was estimated to be worth $13.66 billion in 2022 and is predicted to grow at a CAGR of 5.3% from 2023 to 2029. The mentioned data was provided in our article, “11 Best Travel-Size Fragrances For Your Next Vacation.”
e.l.f. Beauty, Inc. (NYSE:ELF)’s Financial Performance Over The Years:
One of the “Biggest Skincare Companies In The US”, e.l.f. Beauty, Inc. (NYSE:ELF), which provides high-quality cosmetics and skincare at lower prices than its competitors, has released its Q4 FY2024 earnings. According to the mass market makeup company, net sales in the year ending March 31, 2024, increased by an incredible 77% to $1,023.9 million over the same time the previous year, breaking the billion barrier and exceeding Wall Street expectations.
Surpassing forecasts, it grew market share in its cosmetics and skincare products to 10.5% and 1.6%, respectively. As they exceeded in each of their three pillars – color cosmetics, skincare, and international expansion – Q4 was the 21st consecutive quarter in which Elf has gained market share. Overall, the growth was strong in this quarter.
Elf stock has surged more than 79% over the previous year and has already increased by over 37% in the current year as of June 14th, 2024, outperforming S&P 500’s 14% YTD return. At the end of 2022 and the start of 2023, the stock was at $55.30 before soaring to $217.40 on March 1, 2024, ahead of the Q4 FY2024 earnings report due to positive analysts’ prediction and average buy rating. The trailing PE ratio stands at 87.16, while the forward PE ratio is 57.14. EPS (TTM) is $2.22. Currently, the stock is trading at $192.63 per share.
The company’s revenue has also experienced continuous growth over the years, reaching record-breaking levels so far this year. Elf’s annual revenue has surged significantly by 76.92% YoY, rising from $578.84 million in FY2023 to $1.02 billion in FY2024, solidifying its position as a strong company among other cosmetic companies such as Estee Lauder and Coty.
There are several apparent reasons for Elf’s growth. E.l.f. has gained popularity among Gen Alpha and Gen Z customers due to its widespread availability and affordable price point. The $333 million acquisition of skincare firm Naturium in October 2023 has increased the company’s young customer base. The CEO of Elf, Tarang Amin explained: “E.l.f. Skin has a similar consumer profile to E.l.f. color cosmetics; it’s primarily Gen Z and women,” “Naturium has a very different proposition. The price points are higher, about $18, and the consumer set skews millennial.” (The brand’s user base is 40% men.) Therefore, Elf’s marketing to a variety of age groups is one of the factors contributing to its success.
Secondly, Elf has internationally expanded its business. Amin stated that in Q4, net sales from overseas growth increased 115% YoY, accounting for 16% of net sales as opposed to 13% the year before. This growth was led by countries such as Canada and the United Kingdom, which have experienced “terrific growth”. Amin added that these are among Elf’s “largest global markets,”. E.l.f. is now the number-four cosmetics brand in Canada and number-six in the UK. However, he thinks the business has the opportunity to expand in other areas, such as Saudi Arabia, Australia, France, and Italy. During the results call, Amin declared that the business would be entering Mexican Sephora stores to compete with industry giants like Maybelline and L’Oréal and to explore more overseas markets.
Thirdly, Elf has been actively marketing on social media. According to Amin, the company’s website and social media platforms account for around 25% of its total revenue. The business collaborated with creators like Mikayla Nogueira Hawken in the early days of TikTok and Twitch. “On TikTok, our first hashtag challenge had 3 billion views. I think our last one had 15 billion views,” Amin says. Furthermore, he mentioned that E.l.f. is a well-known and expanding brand on Roblox, which helps it stay relevant with Gen Alpha gamers.
Amrita Roy, an analyst believes that “there are three key drivers of their outperformance across their growth pillars that include a) their strong value proposition of delivering high-quality products for every eye, lip, and skin at compelling price points, with the average price point of $6.50, as compared to $9.50 for legacy mass cosmetic brands and $20 for prestige brands, b) a culture of product innovation, where it focuses on launching enduring product franchises, such as extending their Power Grip franchise into setting spray category with the launch of Power Grip Dewy setting spray at $10, compared to $38 for prestige equivalent, resulting in double-digit lift in sales, and c) engaging with their customers through unique and creative moments with their disruptive marketing engine, allowing them to reach new audiences beyond Gen Zs and creating brand awareness.”.
Elf’s digital consumption increased by a noteworthy 70% in comparison to the previous year, with digital channels now making up 22% of overall consumption, up from 18% in the previous year. The growth of their Beauty Squad Loyalty Program, which now has 4.8 million members compared to 4.5 million the previous quarter and accounts for 80% of e.l.f.cosmetics.com sales, has to do with this growth. Furthermore, the company is concentrating on increasing its retail footprint, capitalizing on the success of its Target strategy, in which it enjoys a leadership position with more than 19% market share. Elf intends to grow its presence at CVS, Walmart, and Ulta Beauty during the year to acquire more market share, particularly in the skincare area.
I strongly believe that Elf’s sales growth is also due to its strategy of creating affordable alternatives to luxury cosmetics, commonly referred to as “dupes”. This is likely why Elf’s competitors and high-end cosmetics companies such as Estee Lauder as well as Bath and Body Works experienced declines and noticeable slowing in pace of growth, respectively. L’Oreal also faced this “post-pandemic inflation” period. This is because consumers are prioritizing need-based goods. Estee Lauder had a 10% decrease in revenue growth YoY in 2023, further declining 3.52% from 2023 to the last 12 months. Similarly, L’Oreal has also faced tough years; it grew at a rate of 13.34% between 2020 and 2021. However, this growth rate slowed down sharply from 18.51% in 2021 to 7.61% in 2023, indicating a downturn in the industry as a whole. ELF, however, remains an exception due to the aforementioned reason.
Looking ahead, the company aims to increase revenue by 21% YoY to $1.24 billion, with adjusted EBITDA of $287 million, representing a 22% YoY increase with a margin of 23%. The analysts’ projected revenue of 27% is higher than the management’s 21% prediction.
At the same time, elite managers are pouring money into this stock. In Q1 FY 2024, 33 hedge funds reported holding shares in e.l.f. Beauty, Inc. (NYSE:ELF), although a decrease from 34 funds in the previous quarter. Ken Griffin’s Citadel Investment Group is the largest stakeholder in the company, with 641,400 shares worth $125.73 million.
ClearBridge Small Cap Growth Strategy stated the following regarding E.l.f. Beauty, Inc. in its first quarter 2024 investor letter:
“Encouragingly, we are seeing underlying improvements from companies we do own in the portfolio, with several being recent portfolio additions or subjects of repositioning work executed in 2023.
The first quarter represented another period of fruitful new idea generation with nine new investments. Consistent with historical practice, these initial investments represent modest position sizes that we intend to build over time.
E.l.f. Beauty, Inc. (NYSE:ELF), in the consumer staples sector, is a mass cosmetics and skincare provider in the U.S., selling professional-quality makeup and skincare products at an attractive price point relative to legacy brands. With a significant online, direct-to-consumer presence and clean product ingredients, the company has been a strong market share gainer with multiple levers to sustain elevated growth.
Conclusion:
Given the significant opportunities available in the cosmetics and skincare segments, and constant revenue growth, it seems like e.l.f.’s growth potential remains substantial. I appreciate how the business is leveraging remarkable marketing experiences in addition to strong product innovation to increase interaction online and in its physical retail locations across the US and abroad to reach new markets. A high P/E ratio and earnings boost further indicate that the market is robust and that the company’s growth has upside potential. I feel the stock is reasonably priced in terms of risk-reward, making it a “buy.”.
While we acknowledge the potential of ELF as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an Al stock that is as promising as ELF but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
With that said, here are the 25 Best Long-lasting Perfumes for Men Under $500.
Methodology:
To pick out the 25 Best Long-lasting Perfumes for Men Under $500, we searched the internet for the best long-lasting perfumes under $500 and ranked them based on their number of appearances in our sources, so each appearance got one score. Then we ranked the list based on the aggregated scores. We have also included each perfume’s price and quantity in our list, using the price as a tie-breaker in case two or more perfumes had the same score. The prices that we have mentioned are for particular spray bottles with varying capacities, mostly relying on Sephora and Nordstrom for the data. Please note, however, that we can’t guarantee the accuracy of these prices, since they can vary from region to region.
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25. Diptyque Tam Dao Eau de Parfum
Insider Monkey Score: 2
Price: $230 for 2.6 o.z
Founded in 1961, Diptyque is a high-end French fragrance brand. Tam Dao Eau de Parfum’s top notes are Brazilian Rosewood, Spices, Amber, and White Musk; its middle notes are Sandalwood and Cedar; and its base notes are Italian Cypress, Myrtle, and Rose.
24. Hermès Terre D’Hermès Parfum
Insider Monkey Score: 2
Price: $165 for 2.5 o.z
Developed in 2006, Terre d’Hermès is one of the best scents for men. There are a lot of woodsy notes in Terre d’Hermès, such as Atlas cedar. Additionally, it contains a blend of grapefruit, sparkling orange, pepper, gunflint, silex, baies roses, geranium leaves, patchouli, vetiver, and benzoin balm.
23. Chanel Allure Homme Sport Eau Extreme Eau de Parfum
Insider Monkey Score: 2
Price: $157 for 3.4 o.z
Allure Homme Sport Eau Extreme is an eau de parfum spray with an aromatic, musky aroma that includes notes of Italian Mandarin with green, coniferous Moroccan Cypress.
22. Follow by Kerosene Eau de Parfum
Insider Monkey Score: 2
Price: $152 for 100 ml
Followed by Kerosene is a unisex Amber Vanilla fragrance. The primary notes are warm, spicy, caramel, sweet, vanilla, cocoa, and amber. It was created by the perfumer John Pegg and debuted in 2022.
21. D&G Light Blue Eau Intense Pour Homme Eau de Parfum
Insider Monkey Score: 2
Price: $110 for 3.3 o.z
Among our list of the best long-lasting perfumes for men under $500 is the fragrant woody aquatic scent, Light Blue Pour Homme’s foundation notes are Musk and Amberwood; sea water and juniper are the middle notes; and grapefruit and mandarin orange are the top notes.
20. Creed Green Irish Tweed Eau de Parfum
Insider Monkey Score: 3
Price: $470 for 100 ml
One of the best under $500 men’s colognes is Green Irish Tweed, which is drenched in green notes, peppermint, leafy verbena, and lemon.
19. Le Labo Santal 33 Eau De Parfum Spray
Insider Monkey Score: 3
Price: $322 for 3.4 o.z
Santal 33, a woody aromatic fragrance, one of the best long-lasting perfumes for males and females, is offered by Le Labo, a high-end fragrance brand. Le Labo’s Santal 33 combines cardamom notes with notes of violet and iris. The perfume’s scent comes from the addition of spicy, leathery, and musky elements to the smoking wood alloy, composed of Australian sandalwood and cedarwood.
18. Tom Ford Noir Extreme Eau De Parfum
Price: $295 for 3.4 o.z
Insider Monkey Score: 3
The perfume is a warm, masculine amber wood fragrance with notes of cardamom and sandalwood. With a hint of Shimoga ginger, tonka bean, and guaiac wood, and a heightened concentration of spicy cardamom, Noir Extreme Perfume is one of the best long-lasting male fragrances.
17. Nishane Hacivat Extrait De Parfum Spray
Insider Monkey Score: 4
Price: $290 for 1.7 o.z
With pineapple, grapefruit, and bergamot as its top notes, Nishane’s Hacivat is a Chypre fragrance for both men and women. In addition, it has the base scent of oakmoss and woody notes, and center notes of cedar, patchouli, and jasmine.
16. Drakkar Noir by Guy Laroche Eau de Toilette
Insider Monkey Score: 4
Price: $22.28 for 3.4 o.z
Citrusy, woody, earthy, and green elements make up Guy Laroche Drakkar Noir. Guy Laroche’s Drakkar Noir eau de toilette spray opens with notes of bergamot, artemisia, basil, rosemary, lemon verbena, and lavender. Moreover, the scent was launched in 1982.
15. Mancera Red Tobacco Eau de Parfum
Insider Monkey Score: 5
Price: $180 for 4.0 o.z
Mancera’s Red Tobacco is a Woody Spicy scent that is suitable for both genders. Patchouli, Jasmine, Tobacco, Madagascar Vanilla, Amber, Sandalwood, Guaiac Wood, White Musk, and Haitian Vetiver balance off the top notes of Cinnamon, Agarwood (Oud), Incense, Nutmeg, Green Apple, Saffron, and White Pear.
14. Paco Rabanne Invictus Victory Elixir Eau de Parfum
Insider Monkey Score: 5
Price: $150 for 3.4 o.z
Among the best long-lasting perfumes for men under $500, Paco Rabanne’s Invictus Victory Elixir is a newly developed Amber Woody fragrance for men. Lavender, cardamom, and black pepper are the primary notes; vanilla bean and tonka bean are the foundational notes; and incense and patchouli are the heart notes.
13. Versace Eros Pour Homme Eau de Parfum
Insider Monkey Score: 5
Price: $115 for 3.4 o.z
One of the best long-lasting woody and spicy perfumes for men is Versace Eros Homme Eau De Parfum. Housed in a gorgeous glass bottle with a turquoise tint, the perfume comprises top notes of mint, green apple, lemon, Madagascar vanilla, Virginian cedar, atlas cedar, vetiver, and patchouli.
12. Viktor&Rolf Spicebomb Infrared Eau de Parfum
Insider Monkey Score: 6
Price: $140 for 3.0 o.z
Launched recently in 2023, Spicebomb Infrared Eau de Parfum by Viktor&Rolf is a Leather fragrance for men that starts with hints of Cinnamon, Chili Pepper, and Pink Pepper; before developing into Chili Pepper and Leather and finally into Resins and Woodsy Notes.
11. Armani Beauty Acqua Di Gio Parfum
Insider Monkey Score: 6
Price: $108 for 1.3 o.z
Armani Beauty Acqua Di Gio Parfum is a woody and aquatic long-lasting perfume for men that is highlighted by incense, rosemary essence, and bergamot notes.
10. Davidoff Cool Water Eau de Parfum Intense
Insider Monkey Score: 6
Price: $50 for 4.2 o.z
Green mandarin is the top note, coconut nectar is the middle note, and amber is the base note of Davidoff’s Cool Water Intense, one of the best cheap long-lasting perfumes for men.
9. Creed Aventus Eau de Parfum
Insider Monkey Score: 7
Price: $495 for 3.4 o.z
For males, Creed’s Aventus is a chypre fruity scent. In 2010, Aventus was introduced. It was Erwin Creed and Jean-Christophe Hérault who created Aventus. Top notes include bergamot, black currant, apple, lemon, and pink pepper; middle notes include pineapple, patchouli, and Moroccan jasmine; while base notes include birch, musk, oak moss, ambroxan, and cedarwood.
8. Tom Ford Tobacco Vanille Eau de Parfum
Insider Monkey Score: 7
Price: $295 for 1.7 o.z
Tom Ford’s Tobacco Vanille has a unisex, amber spicy scent. One of the best perfumes for men and “15 Best Everyday Colognes in 2024”, has tonka bean, dried fruits, and woody notes, which make up the foundation notes. It also incorporates vanilla, cacao, and tobacco blossom as the middle notes. Most importantly, tobacco leaves and spicy notes are the top notes of this scent.
7. Paco Rabbane – 1 Million Elixir
Insider Monkey Score: 8
Price: $150 for 3.4 o.z
Paco Rabanne’s 1 Million Elixir is a woody aromatic scent for males that has notes of apple and davana as the top notes and cedar, damask rose, and osmanthus in the center. Tonka bean, patchouli, and vanilla absolute are present in the base notes.
6. Chanel Bleu De Chanel Eau de Parfum
Insider Monkey Score: 10
Price: $157 for 3.4 o.z
One of the best-long-lasting-perfumes-for-men for $157, Chanel Bleu De Chanel Eau de Parfum main notes are ambery cedar and citrus accord. The woody aromas are intensified with tonka bean and vanilla. It has a note of New Caledonian sandalwood at the base.
5. Dior Homme Intense
Insider Monkey Score: 10
Price: $117 for 3.38 o.z
One of the best floral long-lasting perfumes for men, Dior Homme Intense by Dior has notes of Lavender, Iris, Ambrette (Musk Mallow), Pear, Virginia Cedar and Vetiver.