KERING (PPX.DE) Stock Fundamental Analysis
Europe • Frankfurt Stock Exchange • FRA:PPX • FR0000121485
258.45 EUR
-0.35 (-0.14%)
Last: Feb 3, 2026, 07:00 PM
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. While PPX is still in line with the averages on profitability rating, there are concerns on its financial health. PPX is valied quite expensively at the moment, while 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.
- Each year in the past 5 years PPX has been profitable.
- PPX had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- PPX's Return On Assets of 1.72% is in line compared to the rest of the industry. PPX outperforms 40.43% 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.
- Looking at the Return On Invested Capital, with a value of 3.65%, PPX is doing worse than 70.21% of the companies in the same industry.
- PPX had an Average Return On Invested Capital over the past 3 years of 10.05%. This is in line with the industry average of 11.96%.
- 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.
- PPX's Profit Margin has declined in the last couple of years.
- With a Operating Margin value of 11.07%, PPX perfoms like the industry average, outperforming 57.45% of the companies in the same 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 78.72% 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 | 11.07% | ||
| 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
- With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), PPX is creating some value.
- Compared to 1 year ago, PPX has about the same amount of shares outstanding.
- Compared to 5 years ago, PPX has less shares outstanding
- Compared to 1 year ago, PPX has a worse debt to assets ratio.
2.2 Solvency
- Based on the Altman-Z score of 1.77, we must say that PPX is in the distress zone and has some risk of bankruptcy.
- Looking at the Altman-Z score, with a value of 1.77, PPX is in line with its industry, outperforming 42.55% 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.
- Looking at the Debt to FCF ratio, with a value of 13.86, PPX is doing worse than 61.70% of the companies in the same industry.
- 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 72.34% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.12 | ||
| Debt/FCF | 13.86 | ||
| Altman-Z | 1.77 |
ROIC/WACC0.54
WACC6.79%
2.3 Liquidity
- A Current Ratio of 1.32 indicates that PPX should not have too much problems paying its short term obligations.
- PPX has a Current ratio of 1.32. This is in the lower half of the industry: PPX underperforms 63.83% of its industry peers.
- 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 in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.32 | ||
| Quick Ratio | 0.87 |
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.
- Looking at the last year, PPX shows a very negative growth in Revenue. The Revenue has decreased by -14.56% in the last year.
- 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.
- PPX is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.24% yearly.
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
- 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. Valuation
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 36.35, the valuation of PPX can be described as expensive.
- The rest of the industry has a similar Price/Earnings ratio as PPX.
- PPX is valuated rather expensively when we compare the Price/Earnings ratio to 28.18, which is the current average of the S&P500 Index.
- PPX is valuated quite expensively with a Price/Forward Earnings ratio of 30.42.
- PPX's Price/Forward Earnings is on the same level as the industry average.
- PPX is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 25.51, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 36.35 | ||
| Fwd PE | 30.42 |
4.2 Price Multiples
- The rest of the industry has a similar Enterprise Value to EBITDA ratio as PPX.
- The rest of the industry has a similar Price/Free Cash Flow ratio as PPX.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 23.05 | ||
| EV/EBITDA | 11.83 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-10.81%
EPS Next 3Y3.27%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 2.28%, PPX has a reasonable but not impressive dividend return.
- PPX's Dividend Yield is comparable with the industry average which is at 2.24.
- Compared to an average S&P500 Dividend Yield of 1.83, PPX pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.28% |
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-10.81%
EPS Next 3Y3.27%
FRA:PPX (2/3/2026, 7:00:00 PM)
258.45
-0.35 (-0.14%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryTextiles, Apparel & Luxury Goods
Earnings (Last)10-23 2025-10-23
Earnings (Next)02-10 2026-02-10/amc
Inst Owners25.4%
Inst Owner ChangeN/A
Ins Owners0.03%
Ins Owner ChangeN/A
Market Cap31.90B
Revenue(TTM)15.76B
Net Income(TTM)729.00M
Analysts53.55
Price Target307.35 (18.92%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.28% |
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)2.16%
PT rev (3m)8.33%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-3.16%
EPS NY rev (3m)-1.48%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.61%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 36.35 | ||
| Fwd PE | 30.42 | ||
| P/S | 2.02 | ||
| P/FCF | 23.05 | ||
| P/OCF | 8.54 | ||
| P/B | 2.16 | ||
| P/tB | N/A | ||
| EV/EBITDA | 11.83 |
EPS(TTM)7.11
EY2.75%
EPS(NY)8.5
Fwd EY3.29%
FCF(TTM)11.21
FCFY4.34%
OCF(TTM)30.25
OCFY11.7%
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 | 1.77 |
F-Score4
WACC6.79%
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-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 2 / 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 5 / 10.
What is the valuation of KERING based on its PE and PB ratios?
The Price/Earnings (PE) ratio for KERING (PPX.DE) is 36.35 and the Price/Book (PB) ratio is 2.16.
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.