KERING (PPX.DE) Stock Fundamental Analysis
Europe - FRA:PPX - FR0000121485 - Common Stock
302.1 EUR
-2.45 (-0.8%)
PPX gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 47 industry peers in the Textiles, Apparel & Luxury Goods industry. There are concerns on the financial health of PPX while its profitability can be described as average. PPX is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year PPX was profitable.
PPX had a positive operating cash flow in the past year.
PPX had positive earnings in each of the past 5 years.
PPX had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
PPX has a worse Return On Assets (1.72%) than 61.70% of its industry peers.
With a Return On Equity value of 4.94%, PPX is not doing good in the industry: 63.83% of the companies in the same industry are doing better.
PPX has a Return On Invested Capital of 3.65%. This is in the lower half of the industry: PPX underperforms 70.21% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for PPX is in line with the industry average of 11.80%.
The 3 year average ROIC (10.05%) for PPX is well above the current ROIC(3.65%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector 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%
1.3 Margins
The Profit Margin of PPX (4.62%) is comparable to the rest of the industry.
In the last couple of years the Profit Margin of PPX has declined.
PPX has a Operating Margin of 11.07%. This is comparable to the rest of the industry: PPX outperforms 57.45% of its industry peers.
In the last couple of years the Operating Margin of PPX has declined.
PPX has a better Gross Margin (73.03%) than 80.85% of its industry peers.
PPX's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector 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%
2. Health
2.1 Basic Checks
PPX 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, PPX has about the same amount of shares outstanding.
PPX has less shares outstanding than it did 5 years ago.
The debt/assets ratio for PPX is higher compared to a year ago.
2.2 Solvency
An Altman-Z score of 1.89 indicates that PPX is not a great score, but indicates only limited risk for bankruptcy at the moment.
PPX's Altman-Z score of 1.89 is on the low side compared to the rest of the industry. PPX is outperformed by 70.21% of its industry peers.
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 70.21% 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.
With a Debt to Equity ratio value of 1.12, PPX is not doing good in the industry: 70.21% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.12 | ||
| Debt/FCF | 13.86 | ||
| Altman-Z | 1.89 |
ROIC/WACC0.54
WACC6.74%
2.3 Liquidity
A Current Ratio of 1.32 indicates that PPX should not have too much problems paying its short term obligations.
With a Current ratio value of 1.32, PPX is not doing good in the industry: 68.09% of the companies in the same industry are doing better.
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.
PPX has a Quick ratio (0.87) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.32 | ||
| Quick Ratio | 0.87 |
3. Growth
3.1 Past
PPX shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -59.67%.
PPX shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -16.03% yearly.
PPX shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -14.56%.
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
Based on estimates for the next years, PPX will show a very strong growth in Earnings Per Share. The EPS will grow by 21.59% on average per year.
Based on estimates for the next years, PPX will show a small growth in Revenue. The Revenue will grow by 2.54% on average per year.
EPS Next Y-44.77%
EPS Next 2Y-13.18%
EPS Next 3Y0.03%
EPS Next 5Y21.59%
Revenue Next Year-13.31%
Revenue Next 2Y-5.33%
Revenue Next 3Y-1.52%
Revenue Next 5Y2.54%
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.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 42.49, PPX can be considered very expensive at the moment.
PPX's Price/Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Earnings ratio of 26.03, PPX is valued quite expensively.
The Price/Forward Earnings ratio is 37.53, which means the current valuation is very expensive for PPX.
Compared to the rest of the industry, the Price/Forward Earnings ratio of PPX indicates a slightly more expensive valuation: PPX is more expensive than 61.70% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.27. PPX is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 42.49 | ||
| Fwd PE | 37.53 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, PPX is valued a bit more expensive than 63.83% of the companies in the same industry.
PPX's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 26.94 | ||
| EV/EBITDA | 13.29 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-13.18%
EPS Next 3Y0.03%
5. Dividend
5.1 Amount
PPX has a Yearly Dividend Yield of 1.92%.
PPX's Dividend Yield is comparable with the industry average which is at 3.12.
Compared to an average S&P500 Dividend Yield of 2.38, PPX has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.92% |
5.2 History
The dividend of PPX is nicely growing with an annual growth rate of 6.01%!
Dividend Growth(5Y)6.01%
Div Incr Years0
Div Non Decr Years3
5.3 Sustainability
100.96% of the earnings are spent on dividend by PPX. This is not a sustainable payout ratio.
PPX's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP100.96%
EPS Next 2Y-13.18%
EPS Next 3Y0.03%
FRA:PPX (11/4/2025, 7:00:00 PM)
302.1
-2.45 (-0.8%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryTextiles, Apparel & Luxury Goods
Earnings (Last)
Earnings (Next)
Inst Owners25.75%
Inst Owner ChangeN/A
Ins Owners0.03%
Ins Owner ChangeN/A
Market Cap37.29B
Revenue(TTM)15.76B
Net Income(TTM)729.00M
Analysts55.48
Price Target283.72 (-6.08%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.92% |
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)37.34%
PT rev (3m)46.83%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-37.52%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-2.68%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 42.49 | ||
| Fwd PE | 37.53 | ||
| P/S | 2.37 | ||
| P/FCF | 26.94 | ||
| P/OCF | 9.99 | ||
| P/B | 2.52 | ||
| P/tB | N/A | ||
| EV/EBITDA | 13.29 |
EPS(TTM)7.11
EY2.35%
EPS(NY)8.05
Fwd EY2.66%
FCF(TTM)11.21
FCFY3.71%
OCF(TTM)30.25
OCFY10.01%
SpS127.72
BVpS119.66
TBVpS-5.1
PEG (NY)N/A
PEG (5Y)N/A
Graham Number138.36
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 1.89 |
F-Score4
WACC6.74%
ROIC/WACC0.54
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-44.77%
EPS Next 2Y-13.18%
EPS Next 3Y0.03%
EPS Next 5Y21.59%
Revenue 1Y (TTM)-14.56%
Revenue growth 3Y-0.86%
Revenue growth 5Y1.6%
Sales Q2Q%-15.97%
Revenue Next Year-13.31%
Revenue Next 2Y-5.33%
Revenue Next 3Y-1.52%
Revenue Next 5Y2.54%
EBIT growth 1Y-51.13%
EBIT growth 3Y-20.08%
EBIT growth 5Y-12.06%
EBIT Next Year44.92%
EBIT Next 3Y20.68%
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 of KERING (PPX.DE) 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.
Can you provide the expected EPS growth for PPX stock?
The Earnings per Share (EPS) of KERING (PPX.DE) is expected to decline by -44.77% in the next year.
Is the dividend of KERING sustainable?
The dividend rating of KERING (PPX.DE) is 4 / 10 and the dividend payout ratio is 100.96%.