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BIRKENSTOCK HOLDING PLC (BIRK) Stock Fundamental Analysis

NYSE:BIRK - New York Stock Exchange, Inc. - JE00BS44BN30 - Common Stock - Currency: USD

54.02  -0.67 (-1.23%)

After market: 51.5 -2.52 (-4.66%)

Fundamental Rating

5

Overall BIRK gets a fundamental rating of 5 out of 10. We evaluated BIRK against 50 industry peers in the Textiles, Apparel & Luxury Goods industry. Both the profitability and the financial health of BIRK get a neutral evaluation. Nothing too spectacular is happening here. BIRK is valued quite expensive, but it does show an excellent growth. These ratings could make BIRK a good candidate for growth investing.


Dividend Valuation Growth Profitability Health

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6

1. Profitability

1.1 Basic Checks

BIRK had positive earnings in the past year.
In the past year BIRK had a positive cash flow from operations.
Each year in the past 5 years BIRK has been profitable.
BIRK had a positive operating cash flow in each of the past 5 years.
BIRK Yearly Net Income VS EBIT VS OCF VS FCFBIRK Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2020 2021 2022 2023 2024 100M 200M 300M 400M

1.2 Ratios

BIRK has a Return On Assets (2.20%) which is in line with its industry peers.
BIRK has a Return On Equity of 4.20%. This is comparable to the rest of the industry: BIRK outperforms 51.02% of its industry peers.
BIRK has a Return On Invested Capital (6.15%) which is in line with its industry peers.
Industry RankSector Rank
ROA 2.2%
ROE 4.2%
ROIC 6.15%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
BIRK Yearly ROA, ROE, ROICBIRK Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2020 2021 2022 2023 2024 5 10 15 20

1.3 Margins

Looking at the Profit Margin, with a value of 6.43%, BIRK is in the better half of the industry, outperforming 71.43% of the companies in the same industry.
BIRK's Profit Margin has improved in the last couple of years.
The Operating Margin of BIRK (20.83%) is better than 93.88% of its industry peers.
BIRK's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 60.16%, BIRK is in the better half of the industry, outperforming 79.59% of the companies in the same industry.
BIRK's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 20.83%
PM (TTM) 6.43%
GM 60.16%
OM growth 3Y25.84%
OM growth 5YN/A
PM growth 3Y7.68%
PM growth 5YN/A
GM growth 3Y8.96%
GM growth 5YN/A
BIRK Yearly Profit, Operating, Gross MarginsBIRK Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2020 2021 2022 2023 2024 20 40 60

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5

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), BIRK is destroying value.
BIRK has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
BIRK Yearly Shares OutstandingBIRK Yearly Shares OutstandingYearly Shares Outstanding 2020 2021 2022 2023 50M 100M 150M
BIRK Yearly Total Debt VS Total AssetsBIRK Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2020 2021 2022 2023 1B 2B 3B 4B

2.2 Solvency

BIRK has an Altman-Z score of 3.32. This indicates that BIRK is financially healthy and has little risk of bankruptcy at the moment.
BIRK has a Altman-Z score of 3.32. This is in the better half of the industry: BIRK outperforms 67.35% of its industry peers.
BIRK has a debt to FCF ratio of 4.65. This is a neutral value as BIRK would need 4.65 years to pay back of all of its debts.
The Debt to FCF ratio of BIRK (4.65) is comparable to the rest of the industry.
A Debt/Equity ratio of 0.55 indicates that BIRK is somewhat dependend on debt financing.
The Debt to Equity ratio of BIRK (0.55) is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.55
Debt/FCF 4.65
Altman-Z 3.32
ROIC/WACC0.69
WACC8.96%
BIRK Yearly LT Debt VS Equity VS FCFBIRK Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2020 2021 2022 2023 2024 500M 1B 1.5B 2B

2.3 Liquidity

BIRK has a Current Ratio of 2.91. This indicates that BIRK is financially healthy and has no problem in meeting its short term obligations.
The Current ratio of BIRK (2.91) is better than 79.59% of its industry peers.
A Quick Ratio of 1.49 indicates that BIRK should not have too much problems paying its short term obligations.
The Quick ratio of BIRK (1.49) is better than 69.39% of its industry peers.
Industry RankSector Rank
Current Ratio 2.91
Quick Ratio 1.49
BIRK Yearly Current Assets VS Current LiabilitesBIRK Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2020 2021 2022 2023 200M 400M 600M 800M 1B

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9

3. Growth

3.1 Past

BIRK shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 155.71%, which is quite impressive.
BIRK shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 32.41% yearly.
Looking at the last year, BIRK shows a very strong growth in Revenue. The Revenue has grown by 20.96%.
BIRK shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 23.33% yearly.
EPS 1Y (TTM)155.71%
EPS 3Y32.41%
EPS 5YN/A
EPS Q2Q%107.14%
Revenue 1Y (TTM)20.96%
Revenue growth 3Y23.33%
Revenue growth 5YN/A
Sales Q2Q%21.69%

3.2 Future

BIRK is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 28.19% yearly.
The Revenue is expected to grow by 17.26% on average over the next years. This is quite good.
EPS Next Y37.28%
EPS Next 2Y32.14%
EPS Next 3Y28.19%
EPS Next 5YN/A
Revenue Next Year18.92%
Revenue Next 2Y17.99%
Revenue Next 3Y17.26%
Revenue Next 5YN/A

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
BIRK Yearly Revenue VS EstimatesBIRK Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2020 2021 2022 2023 2024 2025 2026 2027 500M 1B 1.5B 2B 2.5B
BIRK Yearly EPS VS EstimatesBIRK Yearly EPS VS EstimatesYearly EPS VS Estimates 2020 2021 2022 2023 2024 2025 2026 2027 0.5 1 1.5 2 2.5

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2

4. Valuation

4.1 Price/Earnings Ratio

BIRK is valuated quite expensively with a Price/Earnings ratio of 40.31.
Compared to the rest of the industry, the Price/Earnings ratio of BIRK indicates a slightly more expensive valuation: BIRK is more expensive than 61.22% of the companies listed in the same industry.
BIRK's Price/Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 30.30.
The Price/Forward Earnings ratio is 29.44, which means the current valuation is very expensive for BIRK.
Based on the Price/Forward Earnings ratio, BIRK is valued a bit more expensive than 65.31% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of BIRK to the average of the S&P500 Index (23.06), we can say BIRK is valued slightly more expensively.
Industry RankSector Rank
PE 40.31
Fwd PE 29.44
BIRK Price Earnings VS Forward Price EarningsBIRK Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, BIRK is valued a bit more expensive than 63.27% of the companies in the same industry.
BIRK's Price/Free Cash Flow ratio is a bit more expensive when compared to the industry. BIRK is more expensive than 63.27% of the companies in the same industry.
Industry RankSector Rank
P/FCF 29.79
EV/EBITDA 23.92
BIRK Per share dataBIRK EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10

4.3 Compensation for Growth

The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The decent profitability rating of BIRK may justify a higher PE ratio.
A more expensive valuation may be justified as BIRK's earnings are expected to grow with 28.19% in the coming years.
PEG (NY)1.08
PEG (5Y)N/A
EPS Next 2Y32.14%
EPS Next 3Y28.19%

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0

5. Dividend

5.1 Amount

BIRK does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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BIRKENSTOCK HOLDING PLC

NYSE:BIRK (2/20/2025, 8:04:01 PM)

After market: 51.5 -2.52 (-4.66%)

54.02

-0.67 (-1.23%)

Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryTextiles, Apparel & Luxury Goods
Earnings (Last)12-18 2024-12-18/bmo
Earnings (Next)02-27 2025-02-27/bmo
Inst Owners24.4%
Inst Owner ChangeN/A
Ins Owners3.08%
Ins Owner ChangeN/A
Market Cap10.15B
Analysts83.7
Price Target70.87 (31.19%)
Short Float %14.18%
Short Ratio3.76
Dividend
Industry RankSector 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)1
Avg EPS beat(2)1.5%
Min EPS beat(2)-7.25%
Max EPS beat(2)10.25%
EPS beat(4)1
Avg EPS beat(4)-4.31%
Min EPS beat(4)-17.05%
Max EPS beat(4)10.25%
EPS beat(8)N/A
Avg EPS beat(8)N/A
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)1
Avg Revenue beat(2)-0.41%
Min Revenue beat(2)-2.04%
Max Revenue beat(2)1.22%
Revenue beat(4)3
Avg Revenue beat(4)1.2%
Min Revenue beat(4)-2.04%
Max Revenue beat(4)2.87%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
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)1.65%
PT rev (3m)5.26%
EPS NQ rev (1m)-2.96%
EPS NQ rev (3m)-4.97%
EPS NY rev (1m)-0.37%
EPS NY rev (3m)-1.51%
Revenue NQ rev (1m)0.04%
Revenue NQ rev (3m)0.15%
Revenue NY rev (1m)0.09%
Revenue NY rev (3m)1.36%
Valuation
Industry RankSector Rank
PE 40.31
Fwd PE 29.44
P/S 5.64
P/FCF 29.79
P/OCF 24.06
P/B 3.68
P/tB N/A
EV/EBITDA 23.92
EPS(TTM)1.34
EY2.48%
EPS(NY)1.84
Fwd EY3.4%
FCF(TTM)1.81
FCFY3.36%
OCF(TTM)2.25
OCFY4.16%
SpS9.58
BVpS14.68
TBVpS-3.45
PEG (NY)1.08
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 2.2%
ROE 4.2%
ROCE 7.79%
ROIC 6.15%
ROICexc 6.75%
ROICexgc 30.16%
OM 20.83%
PM (TTM) 6.43%
GM 60.16%
FCFM 18.93%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
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-Score7
Asset Turnover0.34
Health
Industry RankSector Rank
Debt/Equity 0.55
Debt/FCF 4.65
Debt/EBITDA 3.23
Cap/Depr 82.8%
Cap/Sales 4.51%
Interest Coverage 3.49
Cash Conversion 89.21%
Profit Quality 294.26%
Current Ratio 2.91
Quick Ratio 1.49
Altman-Z 3.32
F-Score7
WACC8.96%
ROIC/WACC0.69
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)155.71%
EPS 3Y32.41%
EPS 5YN/A
EPS Q2Q%107.14%
EPS Next Y37.28%
EPS Next 2Y32.14%
EPS Next 3Y28.19%
EPS Next 5YN/A
Revenue 1Y (TTM)20.96%
Revenue growth 3Y23.33%
Revenue growth 5YN/A
Sales Q2Q%21.69%
Revenue Next Year18.92%
Revenue Next 2Y17.99%
Revenue Next 3Y17.26%
Revenue Next 5YN/A
EBIT growth 1Y47.62%
EBIT growth 3Y55.2%
EBIT growth 5YN/A
EBIT Next Year54.62%
EBIT Next 3Y28.41%
EBIT Next 5YN/A
FCF growth 1Y30.15%
FCF growth 3Y31.6%
FCF growth 5YN/A
OCF growth 1Y10.01%
OCF growth 3Y34.35%
OCF growth 5YN/A