KERING (PPX.DE) Stock Fundamental Analysis

FRA:PPX • FR0000121485

284.4 EUR
+3.1 (+1.1%)
Last: Feb 13, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to PPX. PPX was compared to 48 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. PPX does not seem to be growing, but still is valued expensively.


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

  • PPX had positive earnings in the past year.
  • In the past year PPX had a positive cash flow from operations.
  • In the past 5 years PPX has always been profitable.
  • PPX had a positive operating cash flow in each of the past 5 years.
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

  • PPX's Return On Assets of 1.72% is on the low side compared to the rest of the industry. PPX is outperformed by 63.64% of its industry peers.
  • The Return On Equity of PPX (4.94%) is worse than 65.91% of its industry peers.
  • With a Return On Invested Capital value of 3.65%, PPX is not doing good in the industry: 72.73% of the companies in the same industry are doing better.
  • PPX had an Average Return On Invested Capital over the past 3 years of 10.05%. This is below the industry average of 12.95%.
  • 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

  • With a Profit Margin value of 4.62%, PPX is not doing good in the industry: 63.64% of the companies in the same industry are doing better.
  • In the last couple of years the Profit Margin of PPX has declined.
  • PPX has a Operating Margin (11.07%) which is comparable to the rest of the industry.
  • 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

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), PPX is creating some value.
  • The number of shares outstanding for PPX remains at a similar level compared to 1 year ago.
  • Compared to 5 years ago, PPX has less shares outstanding
  • The debt/assets ratio for PPX is higher compared to a year ago.
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 1.84 indicates that PPX is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 1.84, PPX is in line with its industry, outperforming 43.18% 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 Debt to FCF ratio of 13.86. This is in the lower half of the industry: PPX underperforms 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.
  • PPX's Debt to Equity ratio of 1.12 is on the low side compared to the rest of the industry. PPX is outperformed by 72.73% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.12
Debt/FCF 13.86
Altman-Z 1.84
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.
  • PPX has a Current ratio of 1.32. This is in the lower half of the industry: PPX underperforms 68.18% of its industry peers.
  • A Quick Ratio of 0.87 indicates that PPX may have some problems paying its short term obligations.
  • PPX has a Quick ratio (0.87) which is in line with its industry peers.
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

3

3. Growth

3.1 Past

  • The earnings per share for PPX have decreased strongly by -59.67% in the last year.
  • The earnings per share for PPX have been decreasing by -16.03% on average. This is quite bad
  • 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 9.40% on average over the next years. This is quite good.
  • Based on estimates for the next years, PPX will show a small growth in Revenue. The Revenue will grow by 1.11% on average per year.
EPS Next Y-45.58%
EPS Next 2Y-10.81%
EPS Next 3Y3.27%
EPS Next 5Y9.4%
Revenue Next Year-12.78%
Revenue Next 2Y-5.37%
Revenue Next 3Y-1.3%
Revenue Next 5Y1.11%

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 decreasing.
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

  • PPX is valuated quite expensively with a Price/Earnings ratio of 40.00.
  • PPX's Price/Earnings ratio is a bit more expensive when compared to the industry. PPX is more expensive than 61.36% of the companies in the same industry.
  • The average S&P500 Price/Earnings ratio is at 26.68. PPX is valued slightly more expensive when compared to this.
  • The Price/Forward Earnings ratio is 33.48, which means the current valuation is very expensive for PPX.
  • Based on the Price/Forward Earnings ratio, PPX is valued a bit more expensive than the industry average as 61.36% of the companies are valued more cheaply.
  • When comparing the Price/Forward Earnings ratio of PPX to the average of the S&P500 Index (28.06), we can say PPX is valued inline with the index average.
Industry RankSector Rank
PE 40
Fwd PE 33.48
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

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, PPX is valued a bit more expensive than the industry average as 65.91% of the companies are valued more cheaply.
  • PPX's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 25.36
EV/EBITDA 12.65
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

3

5. Dividend

5.1 Amount

  • PPX has a Yearly Dividend Yield of 1.07%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 1.77, PPX has a dividend in line with its industry peers.
  • With a Dividend Yield of 1.07, PPX pays less dividend than the S&P500 average, which is at 1.84.
Industry RankSector Rank
Dividend Yield 1.07%

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
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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Find the best dividend stocksShow peers with best dividend

KERING

FRA:PPX (2/13/2026, 7:00:00 PM)

284.4

+3.1 (+1.1%)

Chartmill FA Rating
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryTextiles, Apparel & Luxury Goods
Earnings (Last)02-10
Earnings (Next)04-21
Inst Owners25.4%
Inst Owner ChangeN/A
Ins Owners0.03%
Ins Owner ChangeN/A
Market Cap35.10B
Revenue(TTM)15.76B
Net Income(TTM)729.00M
Analysts54.55
Price Target306.9 (7.91%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.07%
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)8.34%
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
Fwd PE 33.48
P/S 2.23
P/FCF 25.36
P/OCF 9.4
P/B 2.38
P/tB N/A
EV/EBITDA 12.65
EPS(TTM)7.11
EY2.5%
EPS(NY)8.5
Fwd EY2.99%
FCF(TTM)11.21
FCFY3.94%
OCF(TTM)30.25
OCFY10.64%
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 1.84
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 5Y9.4%
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 5Y1.11%
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 and the Price/Book (PB) ratio is 2.38.


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.