KERING (PPX.DE) Stock Fundamental Analysis

Europe • Frankfurt Stock Exchange • FRA:PPX • FR0000121485

287.4 EUR
+28.3 (+10.92%)
Last: Feb 10, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

3

Overall PPX gets a fundamental rating of 3 out of 10. We evaluated PPX against 44 industry peers in the Textiles, Apparel & Luxury Goods industry. While PPX is still in line with the averages on profitability rating, there are concerns on its financial health. While showing a medium growth rate, PPX is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

  • In the past year PPX was profitable.
  • In the past year PPX had a positive cash flow from operations.
  • Each year in the past 5 years PPX has been profitable.
  • Each year in the past 5 years PPX had a positive operating cash flow.
PPX.DE Yearly Net Income VS EBIT VS OCF VS FCFPPX.DE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B 5B

1.2 Ratios

  • Looking at the Return On Assets, with a value of 1.72%, PPX is doing worse than 63.64% of the companies in the same industry.
  • PPX has a worse Return On Equity (4.94%) than 65.91% of its industry peers.
  • The Return On Invested Capital of PPX (3.65%) is worse than 72.73% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for PPX is below the industry average of 13.15%.
  • The last Return On Invested Capital (3.65%) for PPX is well below the 3 year average (10.05%), which needs to be investigated, but indicates that PPX had better years and this may not be a problem.
Industry RankSector Rank
ROA 1.72%
ROE 4.94%
ROIC 3.65%
ROA(3y)6.82%
ROA(5y)7.67%
ROE(3y)17.67%
ROE(5y)19%
ROIC(3y)10.05%
ROIC(5y)11.02%
PPX.DE Yearly ROA, ROE, ROICPPX.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30

1.3 Margins

  • PPX's Profit Margin of 4.62% is on the low side compared to the rest of the industry. PPX is outperformed by 61.36% of its industry peers.
  • PPX's Profit Margin has declined in the last couple of years.
  • PPX has a Operating Margin (11.07%) which is in line with its industry peers.
  • PPX's Operating Margin has declined in the last couple of years.
  • Looking at the Gross Margin, with a value of 73.03%, PPX is in the better half of the industry, outperforming 75.00% of the companies in the same industry.
  • In the last couple of years the Gross Margin of PPX has remained more or less at the same level.
Industry RankSector Rank
OM 11.07%
PM (TTM) 4.62%
GM 73.03%
OM growth 3Y-19.39%
OM growth 5Y-13.44%
PM growth 3Y-28.46%
PM growth 5Y-14.63%
GM growth 3Y-0.14%
GM growth 5Y-0.1%
PPX.DE Yearly Profit, Operating, Gross MarginsPPX.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60

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ROAROEROICOperating and Profit MarginShow most profitable peers

2

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so PPX is still creating some value.
  • Compared to 1 year ago, PPX has about the same amount of shares outstanding.
  • The number of shares outstanding for PPX has been reduced compared to 5 years ago.
  • Compared to 1 year ago, PPX has a worse debt to assets ratio.
PPX.DE Yearly Shares OutstandingPPX.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M
PPX.DE Yearly Total Debt VS Total AssetsPPX.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 10B 20B 30B 40B

2.2 Solvency

  • An Altman-Z score of 1.85 indicates that PPX is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • With a Altman-Z score value of 1.85, PPX perfoms like the industry average, outperforming 40.91% of the companies in the same industry.
  • PPX has a debt to FCF ratio of 13.86. This is a negative value and a sign of low solvency as PPX would need 13.86 years to pay back of all of its debts.
  • PPX has a worse Debt to FCF ratio (13.86) than 70.45% of its industry peers.
  • A Debt/Equity ratio of 1.12 is on the high side and indicates that PPX has dependencies on debt financing.
  • The Debt to Equity ratio of PPX (1.12) is worse than 72.73% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.12
Debt/FCF 13.86
Altman-Z 1.85
ROIC/WACC0.52
WACC6.96%
PPX.DE Yearly LT Debt VS Equity VS FCFPPX.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B

2.3 Liquidity

  • PPX has a Current Ratio of 1.32. This is a normal value and indicates that PPX is financially healthy and should not expect problems in meeting its short term obligations.
  • Looking at the Current ratio, with a value of 1.32, PPX is doing worse than 68.18% of the companies in the same industry.
  • PPX has a Quick Ratio of 1.32. This is a bad value and indicates that PPX is not financially healthy enough and could expect problems in meeting its short term obligations.
  • With a Quick ratio value of 0.87, PPX perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.32
Quick Ratio 0.87
PPX.DE Yearly Current Assets VS Current LiabilitesPPX.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B 10B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. Growth

3.1 Past

  • The earnings per share for PPX have decreased strongly by -59.67% in the last year.
  • PPX shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -16.03% yearly.
  • The Revenue for PPX has decreased by -14.56% in the past year. This is quite bad
  • Measured over the past years, PPX shows a small growth in Revenue. The Revenue has been growing by 1.60% on average per year.
EPS 1Y (TTM)-59.67%
EPS 3Y-26.58%
EPS 5Y-16.03%
EPS Q2Q%-49.31%
Revenue 1Y (TTM)-14.56%
Revenue growth 3Y-0.86%
Revenue growth 5Y1.6%
Sales Q2Q%-15.97%

3.2 Future

  • The Earnings Per Share is expected to grow by 9.83% on average over the next years. This is quite good.
  • The Revenue is expected to grow by 2.24% on average over the next years.
EPS Next Y-45.58%
EPS Next 2Y-10.81%
EPS Next 3Y3.27%
EPS Next 5Y9.83%
Revenue Next Year-12.78%
Revenue Next 2Y-5.37%
Revenue Next 3Y-1.3%
Revenue Next 5Y2.24%

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 accelerating.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
PPX.DE Yearly Revenue VS EstimatesPPX.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 5B 10B 15B 20B
PPX.DE Yearly EPS VS EstimatesPPX.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 10 20 30

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Find the best growth stocksShow best growing peers

1

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 40.42, which means the current valuation is very expensive for PPX.
  • Based on the Price/Earnings ratio, PPX is valued a bit more expensive than the industry average as 61.36% of the companies are valued more cheaply.
  • Compared to an average S&P500 Price/Earnings ratio of 28.03, PPX is valued a bit more expensive.
  • Based on the Price/Forward Earnings ratio of 33.83, the valuation of PPX can be described as expensive.
  • Based on the Price/Forward Earnings ratio, PPX is valued a bit more expensive than 61.36% of the companies in the same industry.
  • PPX's Price/Forward Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 27.97.
Industry RankSector Rank
PE 40.42
Fwd PE 33.83
PPX.DE Price Earnings VS Forward Price EarningsPPX.DE 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, PPX is valued a bit more expensive than 63.64% of the companies in the same industry.
  • PPX's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 25.63
EV/EBITDA 12.75
PPX.DE Per share dataPPX.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 40 60 80 100

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-10.81%
EPS Next 3Y3.27%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

4

5. Dividend

5.1 Amount

  • PPX has a Yearly Dividend Yield of 2.31%.
  • Compared to an average industry Dividend Yield of 2.21, PPX has a dividend in line with its industry peers.
  • PPX's Dividend Yield is a higher than the S&P500 average which is at 1.80.
Industry RankSector Rank
Dividend Yield 2.31%

5.2 History

  • On average, the dividend of PPX grows each year by 6.01%, which is quite nice.
Dividend Growth(5Y)6.01%
Div Incr Years0
Div Non Decr Years3
PPX.DE Yearly Dividends per sharePPX.DE Yearly Dividends per shareYearly Dividends per share 2019 2020 2021 2022 2023 2024 2025 2026 5 10 15

5.3 Sustainability

  • 100.96% of the earnings are spent on dividend by PPX. This is not a sustainable payout ratio.
  • The dividend of PPX is growing, but earnings are growing more, so the dividend growth is sustainable.
DP100.96%
EPS Next 2Y-10.81%
EPS Next 3Y3.27%
PPX.DE Yearly Income VS Free CF VS DividendPPX.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B
PPX.DE Dividend Payout.PPX.DE Dividend Payout, showing the Payout Ratio.PPX.DE Dividend Payout.PayoutRetained Earnings

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KERING

FRA:PPX (2/10/2026, 7:00:00 PM)

287.4

+28.3 (+10.92%)

Chartmill FA Rating
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryTextiles, Apparel & Luxury Goods
Earnings (Last)10-23
Earnings (Next)02-10
Inst Owners25.4%
Inst Owner ChangeN/A
Ins Owners0.03%
Ins Owner ChangeN/A
Market Cap35.47B
Revenue(TTM)15.76B
Net Income(TTM)729.00M
Analysts53.55
Price Target306.9 (6.78%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.31%
Yearly Dividend14
Dividend Growth(5Y)6.01%
DP100.96%
Div Incr Years0
Div Non Decr Years3
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
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)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
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)2.01%
PT rev (3m)8.17%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-3.16%
EPS NY rev (3m)-2.49%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.11%
Valuation
Industry RankSector Rank
PE 40.42
Fwd PE 33.83
P/S 2.25
P/FCF 25.63
P/OCF 9.5
P/B 2.4
P/tB N/A
EV/EBITDA 12.75
EPS(TTM)7.11
EY2.47%
EPS(NY)8.5
Fwd EY2.96%
FCF(TTM)11.21
FCFY3.9%
OCF(TTM)30.25
OCFY10.52%
SpS127.72
BVpS119.66
TBVpS-5.1
PEG (NY)N/A
PEG (5Y)N/A
Graham Number138.36
Profitability
Industry RankSector Rank
ROA 1.72%
ROE 4.94%
ROCE 5.15%
ROIC 3.65%
ROICexc 4.16%
ROICexgc 8.4%
OM 11.07%
PM (TTM) 4.62%
GM 73.03%
FCFM 8.78%
ROA(3y)6.82%
ROA(5y)7.67%
ROE(3y)17.67%
ROE(5y)19%
ROIC(3y)10.05%
ROIC(5y)11.02%
ROICexc(3y)11.71%
ROICexc(5y)13.25%
ROICexgc(3y)23.84%
ROICexgc(5y)27.41%
ROCE(3y)14.46%
ROCE(5y)15.94%
ROICexgc growth 3Y-34.7%
ROICexgc growth 5Y-22.91%
ROICexc growth 3Y-32.92%
ROICexc growth 5Y-21.33%
OM growth 3Y-19.39%
OM growth 5Y-13.44%
PM growth 3Y-28.46%
PM growth 5Y-14.63%
GM growth 3Y-0.14%
GM growth 5Y-0.1%
F-Score4
Asset Turnover0.37
Health
Industry RankSector Rank
Debt/Equity 1.12
Debt/FCF 13.86
Debt/EBITDA 4.26
Cap/Depr 109.66%
Cap/Sales 14.9%
Interest Coverage 2.68
Cash Conversion 96.04%
Profit Quality 189.85%
Current Ratio 1.32
Quick Ratio 0.87
Altman-Z 1.85
F-Score4
WACC6.96%
ROIC/WACC0.52
Cap/Depr(3y)121.37%
Cap/Depr(5y)96.61%
Cap/Sales(3y)12.62%
Cap/Sales(5y)9.83%
Profit Quality(3y)91.35%
Profit Quality(5y)99.13%
High Growth Momentum
Growth
EPS 1Y (TTM)-59.67%
EPS 3Y-26.58%
EPS 5Y-16.03%
EPS Q2Q%-49.31%
EPS Next Y-45.58%
EPS Next 2Y-10.81%
EPS Next 3Y3.27%
EPS Next 5Y9.83%
Revenue 1Y (TTM)-14.56%
Revenue growth 3Y-0.86%
Revenue growth 5Y1.6%
Sales Q2Q%-15.97%
Revenue Next Year-12.78%
Revenue Next 2Y-5.37%
Revenue Next 3Y-1.3%
Revenue Next 5Y2.24%
EBIT growth 1Y-51.13%
EBIT growth 3Y-20.08%
EBIT growth 5Y-12.06%
EBIT Next Year46.04%
EBIT Next 3Y21.56%
EBIT Next 5Y25.36%
FCF growth 1Y-25.75%
FCF growth 3Y-29.17%
FCF growth 5Y-3.26%
OCF growth 1Y-16.39%
OCF growth 3Y-1.14%
OCF growth 5Y12.54%

KERING / PPX.DE FAQ

What is the fundamental rating for PPX stock?

ChartMill assigns a fundamental rating of 3 / 10 to PPX.DE.


What is the valuation status for PPX stock?

ChartMill assigns a valuation rating of 1 / 10 to KERING (PPX.DE). This can be considered as Overvalued.


How profitable is KERING (PPX.DE) stock?

KERING (PPX.DE) has a profitability rating of 4 / 10.


What is the valuation of KERING based on its PE and PB ratios?

The Price/Earnings (PE) ratio for KERING (PPX.DE) is 40.42 and the Price/Book (PB) ratio is 2.4.


Can you provide the expected EPS growth for PPX stock?

The Earnings per Share (EPS) of KERING (PPX.DE) is expected to decline by -45.58% in the next year.