KERING (PPX.DE) Fundamental Analysis & Valuation
FRA:PPX • FR0000121485
262.9 EUR
+8.15 (+3.2%)
Last: Mar 10, 2026, 07:00 PM
This PPX.DE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
PPX gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 45 industry peers in the Textiles, Apparel & Luxury Goods industry. PPX has a bad profitability rating. Also its financial health evaluation is rather negative. While showing a medium growth rate, PPX is valued expensive at the moment.
1. PPX.DE Profitability Analysis
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.
1.2 Ratios
- Looking at the Return On Assets, with a value of 0.17%, PPX is doing worse than 68.89% of the companies in the same industry.
- With a Return On Equity value of 0.49%, PPX is not doing good in the industry: 68.89% of the companies in the same industry are doing better.
- Looking at the Return On Invested Capital, with a value of 2.27%, PPX is doing worse than 71.11% of the companies in the same industry.
- Measured over the past 3 years, the Average Return On Invested Capital for PPX is significantly below the industry average of 13.73%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.17% | ||
| ROE | 0.49% | ||
| ROIC | 2.27% |
ROA(3y)3.33%
ROA(5y)6.17%
ROE(3y)9.23%
ROE(5y)15.46%
ROIC(3y)3.96%
ROIC(5y)6.2%
1.3 Margins
- Looking at the Profit Margin, with a value of 0.49%, PPX is doing worse than 68.89% of the companies in the same industry.
- In the last couple of years the Profit Margin of PPX has declined.
- PPX has a Operating Margin (11.13%) 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 72.64%, PPX is in the better half of the industry, outperforming 77.78% 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 Rank | Sector Rank | ||
|---|---|---|---|
| OM | 11.13% | ||
| PM (TTM) | 0.49% | ||
| GM | 72.64% |
OM growth 3Y-25.59%
OM growth 5Y-13.91%
PM growth 3Y-69.77%
PM growth 5Y-50.44%
GM growth 3Y-0.92%
GM growth 5Y0.01%
2. PPX.DE Health Analysis
2.1 Basic Checks
- PPX has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
- PPX has about the same amout of shares outstanding than it did 1 year ago.
- PPX has less shares outstanding than it did 5 years ago.
- Compared to 1 year ago, PPX has an improved debt to assets ratio.
2.2 Solvency
- PPX has a debt to FCF ratio of 7.97. This is a slightly negative value and a sign of low solvency as PPX would need 7.97 years to pay back of all of its debts.
- PPX has a worse Debt to FCF ratio (7.97) than 62.22% of its industry peers.
- A Debt/Equity ratio of 1.04 is on the high side and indicates that PPX has dependencies on debt financing.
- With a Debt to Equity ratio value of 1.04, PPX is not doing good in the industry: 73.33% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.04 | ||
| Debt/FCF | 7.97 | ||
| Altman-Z | N/A |
ROIC/WACC0.37
WACC6.21%
2.3 Liquidity
- A Current Ratio of 1.39 indicates that PPX should not have too much problems paying its short term obligations.
- PPX has a Current ratio of 1.39. This is in the lower half of the industry: PPX underperforms 68.89% of its industry peers.
- PPX has a Quick Ratio of 1.39. 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 0.92, PPX perfoms like the industry average, outperforming 53.33% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.39 | ||
| Quick Ratio | 0.92 |
3. PPX.DE Growth Analysis
3.1 Past
- PPX shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -59.46%.
- The earnings per share for PPX have been decreasing by -22.79% on average. This is quite bad
- Looking at the last year, PPX shows a very negative growth in Revenue. The Revenue has decreased by -13.03% in the last year.
- Measured over the past years, PPX shows a small growth in Revenue. The Revenue has been growing by 2.30% on average per year.
EPS 1Y (TTM)-59.46%
EPS 3Y-47.79%
EPS 5Y-22.79%
EPS Q2Q%-80.81%
Revenue 1Y (TTM)-13.03%
Revenue growth 3Y-10.33%
Revenue growth 5Y2.3%
Sales Q2Q%-13.2%
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 42.68% on average per year.
- The Revenue is expected to grow by 5.00% on average over the next years.
EPS Next Y73.89%
EPS Next 2Y58.65%
EPS Next 3Y47.8%
EPS Next 5Y42.68%
Revenue Next Year1.95%
Revenue Next 2Y4.37%
Revenue Next 3Y5.03%
Revenue Next 5Y5%
3.3 Evolution
- The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
- The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. PPX.DE Valuation Analysis
4.1 Price/Earnings Ratio
- PPX is valuated quite expensively with a Price/Earnings ratio of 60.72.
- 64.44% of the companies in the same industry are cheaper than PPX, based on the Price/Earnings ratio.
- PPX is valuated expensively when we compare the Price/Earnings ratio to 26.25, which is the current average of the S&P500 Index.
- PPX is valuated quite expensively with a Price/Forward Earnings ratio of 34.92.
- 60.00% of the companies in the same industry are cheaper than PPX, based on the Price/Forward Earnings ratio.
- The average S&P500 Price/Forward Earnings ratio is at 24.39. PPX is valued slightly more expensive when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 60.72 | ||
| Fwd PE | 34.92 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, PPX is valued a bit more expensive than the industry average as 62.22% of the companies are valued more cheaply.
- Based on the Price/Free Cash Flow ratio, PPX is valued a bit cheaper than 75.56% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.94 | ||
| EV/EBITDA | 12.64 |
4.3 Compensation for Growth
- PPX's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
- PPX's earnings are expected to grow with 47.80% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.82
PEG (5Y)N/A
EPS Next 2Y58.65%
EPS Next 3Y47.8%
5. PPX.DE Dividend Analysis
5.1 Amount
- PPX has a Yearly Dividend Yield of 1.16%.
- Compared to an average industry Dividend Yield of 1.97, PPX has a dividend in line with its industry peers.
- Compared to the average S&P500 Dividend Yield of 1.82, PPX is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.16% |
5.2 History
- The dividend of PPX decreases each year by -5.49%.
Dividend Growth(5Y)-5.49%
Div Incr Years0
Div Non Decr Years3
5.3 Sustainability
- PPX pays out 1022.22% of its income as dividend. This is not a sustainable payout ratio.
DP1022.22%
EPS Next 2Y58.65%
EPS Next 3Y47.8%
PPX.DE Fundamentals: All Metrics, Ratios and Statistics
FRA:PPX (3/10/2026, 7:00:00 PM)
262.9
+8.15 (+3.2%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryTextiles, Apparel & Luxury Goods
Earnings (Last)02-10 2026-02-10/bmo
Earnings (Next)04-14 2026-04-14
Inst Owners25.23%
Inst Owner ChangeN/A
Ins Owners0.03%
Ins Owner ChangeN/A
Market Cap32.45B
Revenue(TTM)14.68B
Net Income(TTM)72.00M
Analysts55.76
Price Target305.51 (16.21%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.16% |
Yearly Dividend6
Dividend Growth(5Y)-5.49%
DP1022.22%
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)-0.45%
PT rev (3m)1.55%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-11.37%
EPS NY rev (3m)-11.99%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-1.41%
Revenue NY rev (3m)-1.91%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 60.72 | ||
| Fwd PE | 34.92 | ||
| P/S | 2.21 | ||
| P/FCF | 13.94 | ||
| P/OCF | 10.27 | ||
| P/B | 2.21 | ||
| P/tB | 10.54 | ||
| EV/EBITDA | 12.64 |
EPS(TTM)4.33
EY1.65%
EPS(NY)7.53
Fwd EY2.86%
FCF(TTM)18.86
FCFY7.17%
OCF(TTM)25.59
OCFY9.73%
SpS118.9
BVpS119.15
TBVpS24.94
PEG (NY)0.82
PEG (5Y)N/A
Graham Number107.74
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.17% | ||
| ROE | 0.49% | ||
| ROCE | 4.88% | ||
| ROIC | 2.27% | ||
| ROICexc | 2.62% | ||
| ROICexgc | 4.37% | ||
| OM | 11.13% | ||
| PM (TTM) | 0.49% | ||
| GM | 72.64% | ||
| FCFM | 15.86% |
ROA(3y)3.33%
ROA(5y)6.17%
ROE(3y)9.23%
ROE(5y)15.46%
ROIC(3y)3.96%
ROIC(5y)6.2%
ROICexc(3y)4.48%
ROICexc(5y)7.45%
ROICexgc(3y)8.7%
ROICexgc(5y)15.26%
ROCE(3y)8.84%
ROCE(5y)13.99%
ROICexgc growth 3Y-43.95%
ROICexgc growth 5Y-23.1%
ROICexc growth 3Y-39.53%
ROICexc growth 5Y-19.81%
OM growth 3Y-25.59%
OM growth 5Y-13.91%
PM growth 3Y-69.77%
PM growth 5Y-50.44%
GM growth 3Y-0.92%
GM growth 5Y0.01%
F-Score4
Asset Turnover0.36
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.04 | ||
| Debt/FCF | 7.97 | ||
| Debt/EBITDA | 4.17 | ||
| Cap/Depr | 40.61% | ||
| Cap/Sales | 5.66% | ||
| Interest Coverage | 2.45 | ||
| Cash Conversion | 85.89% | ||
| Profit Quality | 3233.33% | ||
| Current Ratio | 1.39 | ||
| Quick Ratio | 0.92 | ||
| Altman-Z | N/A |
F-Score4
WACC6.21%
ROIC/WACC0.37
Cap/Depr(3y)113.48%
Cap/Depr(5y)93.8%
Cap/Sales(3y)12.87%
Cap/Sales(5y)9.83%
Profit Quality(3y)1139.62%
Profit Quality(5y)726.29%
High Growth Momentum
Growth
EPS 1Y (TTM)-59.46%
EPS 3Y-47.79%
EPS 5Y-22.79%
EPS Q2Q%-80.81%
EPS Next Y73.89%
EPS Next 2Y58.65%
EPS Next 3Y47.8%
EPS Next 5Y42.68%
Revenue 1Y (TTM)-13.03%
Revenue growth 3Y-10.33%
Revenue growth 5Y2.3%
Sales Q2Q%-13.2%
Revenue Next Year1.95%
Revenue Next 2Y4.37%
Revenue Next 3Y5.03%
Revenue Next 5Y5%
EBIT growth 1Y-32.83%
EBIT growth 3Y-33.27%
EBIT growth 5Y-11.94%
EBIT Next Year130.26%
EBIT Next 3Y44.16%
EBIT Next 5Y32.12%
FCF growth 1Y66.29%
FCF growth 3Y-10.05%
FCF growth 5Y2.11%
OCF growth 1Y-32.94%
OCF growth 3Y-9.57%
OCF growth 5Y1.83%
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 3 / 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 3 / 10.
What is the valuation of KERING based on its PE and PB ratios?
The Price/Earnings (PE) ratio for KERING (PPX.DE) is 60.72 and the Price/Book (PB) ratio is 2.21.
Can you provide the expected EPS growth for PPX stock?
The Earnings per Share (EPS) of KERING (PPX.DE) is expected to grow by 73.89% in the next year.