BIRKENSTOCK HOLDING PLC (BIRK) Stock Fundamental Analysis
USA - NYSE:BIRK - JE00BS44BN30 - Common Stock
41.43 USD
-0.51 (-1.22%)
41.5 USD
+0.07 (+0.17%)
BIRK gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 48 industry peers in the Textiles, Apparel & Luxury Goods industry. BIRK has an excellent profitability rating, but there are some minor concerns on its financial health. BIRK is not overvalued while it is showing excellent growth. This is an interesting combination. This makes BIRK very considerable for growth investing!
1. Profitability
1.1 Basic Checks
BIRK had positive earnings in the past year.
BIRK had a positive operating cash flow in the past year.
BIRK had positive earnings in each of the past 5 years.
In the past 5 years BIRK always reported a positive cash flow from operatings.
1.2 Ratios
BIRK has a Return On Assets of 6.25%. This is in the better half of the industry: BIRK outperforms 75.00% of its industry peers.
BIRK has a Return On Equity of 11.66%. This is in the better half of the industry: BIRK outperforms 64.58% of its industry peers.
BIRK's Return On Invested Capital of 9.46% is fine compared to the rest of the industry. BIRK outperforms 62.50% of its industry peers.
The Average Return On Invested Capital over the past 3 years for BIRK is significantly below the industry average of 12.15%.
The 3 year average ROIC (6.25%) for BIRK is below the current ROIC(9.46%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.25% | ||
| ROE | 11.66% | ||
| ROIC | 9.46% |
ROA(3y)3.13%
ROA(5y)4.78%
ROE(3y)6.12%
ROE(5y)9.43%
ROIC(3y)6.25%
ROIC(5y)7.83%
1.3 Margins
Looking at the Profit Margin, with a value of 15.14%, BIRK belongs to the top of the industry, outperforming 95.83% of the companies in the same industry.
BIRK's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 26.30%, BIRK belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
BIRK's Operating Margin has improved in the last couple of years.
The Gross Margin of BIRK (59.33%) is better than 77.08% of its industry peers.
In the last couple of years the Gross Margin of BIRK has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 26.3% | ||
| PM (TTM) | 15.14% | ||
| GM | 59.33% |
OM growth 3Y25.84%
OM growth 5YN/A
PM growth 3Y7.68%
PM growth 5YN/A
GM growth 3Y8.96%
GM growth 5YN/A
2. Health
2.1 Basic Checks
BIRK has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
Compared to 1 year ago, BIRK has about the same amount of shares outstanding.
The debt/assets ratio for BIRK has been reduced compared to a year ago.
2.2 Solvency
BIRK has an Altman-Z score of 2.90. This is not the best score and indicates that BIRK is in the grey zone with still only limited risk for bankruptcy at the moment.
BIRK has a Altman-Z score (2.90) which is comparable to the rest of the industry.
BIRK has a debt to FCF ratio of 4.66. This is a neutral value as BIRK would need 4.66 years to pay back of all of its debts.
BIRK has a Debt to FCF ratio (4.66) which is comparable to the rest of the industry.
BIRK has a Debt/Equity ratio of 0.50. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.50, BIRK is in line with its industry, outperforming 45.83% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.5 | ||
| Debt/FCF | 4.66 | ||
| Altman-Z | 2.9 |
ROIC/WACC1.11
WACC8.51%
2.3 Liquidity
BIRK has a Current Ratio of 2.78. This indicates that BIRK is financially healthy and has no problem in meeting its short term obligations.
The Current ratio of BIRK (2.78) is better than 83.33% of its industry peers.
BIRK has a Quick Ratio of 1.29. This is a normal value and indicates that BIRK is financially healthy and should not expect problems in meeting its short term obligations.
With a decent Quick ratio value of 1.29, BIRK is doing good in the industry, outperforming 64.58% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.78 | ||
| Quick Ratio | 1.29 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 45.13% over the past year.
Measured over the past years, BIRK shows a very strong growth in Earnings Per Share. The EPS has been growing by 32.40% on average per year.
BIRK shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 17.60%.
BIRK shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 23.33% yearly.
EPS 1Y (TTM)45.13%
EPS 3Y32.4%
EPS 5YN/A
EPS Q2Q%26.53%
Revenue 1Y (TTM)17.6%
Revenue growth 3Y23.33%
Revenue growth 5YN/A
Sales Q2Q%12.44%
3.2 Future
The Earnings Per Share is expected to grow by 26.48% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 15.69% on average over the next years. This is quite good.
EPS Next Y35.99%
EPS Next 2Y29.13%
EPS Next 3Y26.48%
EPS Next 5YN/A
Revenue Next Year17%
Revenue Next 2Y15.6%
Revenue Next 3Y15.69%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
4. Valuation
4.1 Price/Earnings Ratio
BIRK is valuated rather expensively with a Price/Earnings ratio of 21.69.
BIRK's Price/Earnings is on the same level as the industry average.
When comparing the Price/Earnings ratio of BIRK to the average of the S&P500 Index (27.69), we can say BIRK is valued slightly cheaper.
Based on the Price/Forward Earnings ratio of 16.66, the valuation of BIRK can be described as correct.
Compared to the rest of the industry, the Price/Forward Earnings ratio of BIRK is on the same level as its industry peers.
BIRK's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 23.18.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.69 | ||
| Fwd PE | 16.66 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as BIRK.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of BIRK indicates a somewhat cheap valuation: BIRK is cheaper than 66.67% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 22.3 | ||
| EV/EBITDA | 11.87 |
4.3 Compensation for Growth
BIRK's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The excellent profitability rating of BIRK may justify a higher PE ratio.
BIRK's earnings are expected to grow with 26.48% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.6
PEG (5Y)N/A
EPS Next 2Y29.13%
EPS Next 3Y26.48%
5. Dividend
5.1 Amount
No dividends for BIRK!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
41.43
-0.51 (-1.22%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryTextiles, Apparel & Luxury Goods
Earnings (Last)
Earnings (Next)
Inst Owners40.25%
Inst Owner ChangeN/A
Ins Owners1.1%
Ins Owner ChangeN/A
Market Cap7.62B
Analysts85.6
Price Target72.73 (75.55%)
Short Float %14.03%
Short Ratio3.98
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)1.12%
Min EPS beat(2)0.43%
Max EPS beat(2)1.8%
EPS beat(4)4
Avg EPS beat(4)6.96%
Min EPS beat(4)0.43%
Max EPS beat(4)13.85%
EPS beat(8)5
Avg EPS beat(8)1.32%
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-1.51%
Min Revenue beat(2)-2.22%
Max Revenue beat(2)-0.81%
Revenue beat(4)1
Avg Revenue beat(4)-0.43%
Min Revenue beat(4)-2.22%
Max Revenue beat(4)1.74%
Revenue beat(8)4
Avg Revenue beat(8)0.38%
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0.45%
PT rev (3m)0.14%
EPS NQ rev (1m)1.88%
EPS NQ rev (3m)-1.65%
EPS NY rev (1m)0.05%
EPS NY rev (3m)0.11%
Revenue NQ rev (1m)0.96%
Revenue NQ rev (3m)-1.68%
Revenue NY rev (1m)0.14%
Revenue NY rev (3m)-0.61%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.69 | ||
| Fwd PE | 16.66 | ||
| P/S | 3.23 | ||
| P/FCF | 22.3 | ||
| P/OCF | 17.51 | ||
| P/B | 2.48 | ||
| P/tB | N/A | ||
| EV/EBITDA | 11.87 |
EPS(TTM)1.91
EY4.61%
EPS(NY)2.49
Fwd EY6%
FCF(TTM)1.86
FCFY4.48%
OCF(TTM)2.37
OCFY5.71%
SpS12.84
BVpS16.68
TBVpS-2.96
PEG (NY)0.6
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.25% | ||
| ROE | 11.66% | ||
| ROCE | 11.97% | ||
| ROIC | 9.46% | ||
| ROICexc | 10.05% | ||
| ROICexgc | 38.55% | ||
| OM | 26.3% | ||
| PM (TTM) | 15.14% | ||
| GM | 59.33% | ||
| FCFM | 14.47% |
ROA(3y)3.13%
ROA(5y)4.78%
ROE(3y)6.12%
ROE(5y)9.43%
ROIC(3y)6.25%
ROIC(5y)7.83%
ROICexc(3y)6.53%
ROICexc(5y)8.68%
ROICexgc(3y)31.56%
ROICexgc(5y)29.16%
ROCE(3y)7.91%
ROCE(5y)9.91%
ROICexcg growth 3Y16.66%
ROICexcg growth 5YN/A
ROICexc growth 3Y47%
ROICexc growth 5YN/A
OM growth 3Y25.84%
OM growth 5YN/A
PM growth 3Y7.68%
PM growth 5YN/A
GM growth 3Y8.96%
GM growth 5YN/A
F-Score6
Asset Turnover0.41
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.5 | ||
| Debt/FCF | 4.66 | ||
| Debt/EBITDA | 2.03 | ||
| Cap/Depr | 72.29% | ||
| Cap/Sales | 3.95% | ||
| Interest Coverage | 7.43 | ||
| Cash Conversion | 57.97% | ||
| Profit Quality | 95.52% | ||
| Current Ratio | 2.78 | ||
| Quick Ratio | 1.29 | ||
| Altman-Z | 2.9 |
F-Score6
WACC8.51%
ROIC/WACC1.11
Cap/Depr(3y)95.24%
Cap/Depr(5y)74.53%
Cap/Sales(3y)5.61%
Cap/Sales(5y)4.42%
Profit Quality(3y)204.16%
Profit Quality(5y)194.37%
High Growth Momentum
Growth
EPS 1Y (TTM)45.13%
EPS 3Y32.4%
EPS 5YN/A
EPS Q2Q%26.53%
EPS Next Y35.99%
EPS Next 2Y29.13%
EPS Next 3Y26.48%
EPS Next 5YN/A
Revenue 1Y (TTM)17.6%
Revenue growth 3Y23.33%
Revenue growth 5YN/A
Sales Q2Q%12.44%
Revenue Next Year17%
Revenue Next 2Y15.6%
Revenue Next 3Y15.69%
Revenue Next 5YN/A
EBIT growth 1Y48.54%
EBIT growth 3Y55.2%
EBIT growth 5YN/A
EBIT Next Year54.95%
EBIT Next 3Y27.47%
EBIT Next 5YN/A
FCF growth 1Y16.98%
FCF growth 3Y31.6%
FCF growth 5YN/A
OCF growth 1Y1.69%
OCF growth 3Y34.35%
OCF growth 5YN/A