KERING (PPX.DE) Stock Fundamental Analysis
Europe - FRA:PPX - FR0000121485 - Common Stock
268.9 EUR
+1.85 (+0.69%)
Overall PPX gets a fundamental rating of 3 out of 10. We evaluated PPX against 45 industry peers in the Textiles, Apparel & Luxury Goods industry. PPX has a medium profitability rating, but doesn't score so well on its financial health evaluation. PPX is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
PPX had positive earnings in the past year.
PPX had a positive operating cash flow in the past year.
In the past 5 years PPX has always been profitable.
In the past 5 years PPX always reported a positive cash flow from operatings.
1.2 Ratios
PPX has a worse Return On Assets (1.72%) than 64.44% of its industry peers.
Looking at the Return On Equity, with a value of 4.94%, PPX is doing worse than 64.44% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 3.65%, PPX is doing worse than 66.67% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for PPX is in line with the industry average of 10.76%.
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 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
PPX's Profit Margin of 4.62% is in line compared to the rest of the industry. PPX outperforms 42.22% of its industry peers.
PPX's Profit Margin has declined in the last couple of years.
The Operating Margin of PPX (11.07%) is comparable to the rest of the industry.
In the last couple of years the Operating Margin of PPX has declined.
PPX has a Gross Margin of 73.03%. This is amongst the best in the industry. PPX outperforms 82.22% of its industry peers.
In the last couple of years the Gross Margin of PPX has remained more or less at the same level.
| 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
PPX has an Altman-Z score of 1.80. This is a bad value and indicates that PPX is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.80, PPX is doing worse than 73.33% of the companies in the same industry.
The Debt to FCF ratio of PPX is 13.86, which is on the high side as it means it would take PPX, 13.86 years of fcf income to pay off all of its debts.
PPX's Debt to FCF ratio of 13.86 is on the low side compared to the rest of the industry. PPX is outperformed by 71.11% 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.
PPX has a Debt to Equity ratio of 1.12. This is in the lower half of the industry: PPX underperforms 71.11% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.12 | ||
| Debt/FCF | 13.86 | ||
| Altman-Z | 1.8 |
ROIC/WACC0.51
WACC7.2%
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.
PPX has a worse Current ratio (1.32) than 73.33% of its industry peers.
A Quick Ratio of 0.87 indicates that PPX may have some problems paying its short term obligations.
PPX's Quick ratio of 0.87 is in line compared to the rest of the industry. PPX outperforms 53.33% of its industry peers.
| 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%.
Measured over the past years, PPX shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -16.03% on average per year.
Looking at the last year, PPX shows a very negative growth in Revenue. The Revenue has decreased by -14.56% in the last year.
PPX shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 1.60% yearly.
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 20.86% on average per year.
The Revenue is expected to grow by 2.79% on average over the next years.
EPS Next Y-45.4%
EPS Next 2Y-13.99%
EPS Next 3Y-0.77%
EPS Next 5Y20.86%
Revenue Next Year-13.13%
Revenue Next 2Y-4.91%
Revenue Next 3Y-1.19%
Revenue Next 5Y2.79%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 37.82, PPX can be considered very expensive at the moment.
PPX's Price/Earnings ratio is a bit more expensive when compared to the industry. PPX is more expensive than 60.00% of the companies in the same industry.
PPX's Price/Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 27.41.
Based on the Price/Forward Earnings ratio of 34.03, the valuation of PPX can be described as expensive.
PPX's Price/Forward Earnings is on the same level as the industry average.
PPX is valuated rather expensively when we compare the Price/Forward Earnings ratio to 22.88, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 37.82 | ||
| Fwd PE | 34.03 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of PPX indicates a slightly more expensive valuation: PPX is more expensive than 64.44% of the companies listed in the same industry.
The rest of the industry has a similar Price/Free Cash Flow ratio as PPX.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 23.98 | ||
| EV/EBITDA | 12.16 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-13.99%
EPS Next 3Y-0.77%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.51%, PPX has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 3.12, PPX has a dividend in line with its industry peers.
PPX's Dividend Yield is comparable with the S&P500 average which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.51% |
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
PPX pays out 100.96% of its income as dividend. 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-13.99%
EPS Next 3Y-0.77%
FRA:PPX (9/18/2025, 7:00:00 PM)
268.9
+1.85 (+0.69%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryTextiles, Apparel & Luxury Goods
Earnings (Last)
Earnings (Next)
Inst Owners25.73%
Inst Owner ChangeN/A
Ins Owners0.03%
Ins Owner ChangeN/A
Market Cap33.19B
Analysts52.9
Price Target206.59 (-23.17%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.51% |
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)3.91%
PT rev (3m)4.38%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-38.24%
EPS NY rev (3m)-38.24%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-2.47%
Revenue NY rev (3m)-5.04%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 37.82 | ||
| Fwd PE | 34.03 | ||
| P/S | 2.11 | ||
| P/FCF | 23.98 | ||
| P/OCF | 8.89 | ||
| P/B | 2.25 | ||
| P/tB | N/A | ||
| EV/EBITDA | 12.16 |
EPS(TTM)7.11
EY2.64%
EPS(NY)7.9
Fwd EY2.94%
FCF(TTM)11.21
FCFY4.17%
OCF(TTM)30.25
OCFY11.25%
SpS127.72
BVpS119.66
TBVpS-5.1
PEG (NY)N/A
PEG (5Y)N/A
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%
ROICexcg growth 3Y-34.7%
ROICexcg 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 | 1.8 |
F-Score4
WACC7.2%
ROIC/WACC0.51
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-45.4%
EPS Next 2Y-13.99%
EPS Next 3Y-0.77%
EPS Next 5Y20.86%
Revenue 1Y (TTM)-14.56%
Revenue growth 3Y-0.86%
Revenue growth 5Y1.6%
Sales Q2Q%-15.97%
Revenue Next Year-13.13%
Revenue Next 2Y-4.91%
Revenue Next 3Y-1.19%
Revenue Next 5Y2.79%
EBIT growth 1Y-51.13%
EBIT growth 3Y-20.08%
EBIT growth 5Y-12.06%
EBIT Next Year50.68%
EBIT Next 3Y22.84%
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%