KERING (PPX.DE) Stock Fundamental Analysis
Europe - Frankfurt Stock Exchange - FRA:PPX - FR0000121485 - Common Stock
299.75 EUR
-5.15 (-1.69%)
Overall PPX gets a fundamental rating of 3 out of 10. We evaluated PPX against 46 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 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.
In the past year PPX had a positive cash flow from operations.
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
The Return On Assets of PPX (1.72%) is comparable to the rest of the industry.
PPX's Return On Equity of 4.94% is on the low side compared to the rest of the industry. PPX is outperformed by 60.78% of its industry peers.
PPX has a Return On Invested Capital of 3.65%. This is in the lower half of the industry: PPX underperforms 62.75% of its industry peers.
PPX had an Average Return On Invested Capital over the past 3 years of 10.05%. This is below the industry average of 13.28%.
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
PPX has a Profit Margin (4.62%) which is in line with 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.
Looking at the Gross Margin, with a value of 73.03%, PPX belongs to the top of the industry, outperforming 80.39% of the companies in the same industry.
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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so PPX is still 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
An Altman-Z score of 1.88 indicates that PPX is not a great score, but indicates only limited risk for bankruptcy at the moment.
With a Altman-Z score value of 1.88, PPX is not doing good in the industry: 70.59% of the companies in the same industry are doing better.
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 66.67% 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 worse Debt to Equity ratio (1.12) than 70.59% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.12 | ||
| Debt/FCF | 13.86 | ||
| Altman-Z | 1.88 |
ROIC/WACC0.54
WACC6.73%
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 62.75% 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 54.90% of 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.
The earnings per share for PPX have been decreasing by -16.03% on average. This is quite bad
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 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 2.45% on average per year.
EPS Next Y-43.81%
EPS Next 2Y-10.72%
EPS Next 3Y3.13%
EPS Next 5Y21.59%
Revenue Next Year-12.78%
Revenue Next 2Y-5.37%
Revenue Next 3Y-1.3%
Revenue Next 5Y2.45%
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 42.16, the valuation of PPX can be described as expensive.
PPX's Price/Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Earnings ratio of 26.92, PPX is valued quite expensively.
PPX is valuated quite expensively with a Price/Forward Earnings ratio of 35.21.
Compared to the rest of the industry, the Price/Forward Earnings ratio of PPX is on the same level as its industry peers.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.46, PPX is valued quite expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 42.16 | ||
| Fwd PE | 35.21 |
4.2 Price Multiples
60.78% of the companies in the same industry are cheaper than PPX, based on the Enterprise Value to EBITDA ratio.
PPX's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 26.73 | ||
| EV/EBITDA | 13.14 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-10.72%
EPS Next 3Y3.13%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.98%, PPX has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 2.06, PPX has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.00, PPX has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.98% |
5.2 History
On average, the dividend of PPX grows each year by 6.01%, which is quite nice.
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.
The dividend of PPX is growing, but earnings are growing more, so the dividend growth is sustainable.
DP100.96%
EPS Next 2Y-10.72%
EPS Next 3Y3.13%
FRA:PPX (12/23/2025, 7:00:00 PM)
299.75
-5.15 (-1.69%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryTextiles, Apparel & Luxury Goods
Earnings (Last)
Earnings (Next)
Inst Owners25.65%
Inst Owner ChangeN/A
Ins Owners0.03%
Ins Owner ChangeN/A
Market Cap37.00B
Revenue(TTM)15.76B
Net Income(TTM)729.00M
Analysts54.67
Price Target300.86 (0.37%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.98% |
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)1.46%
PT rev (3m)45.63%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0.69%
EPS NY rev (3m)1.74%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.11%
Revenue NY rev (3m)0.4%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 42.16 | ||
| Fwd PE | 35.21 | ||
| P/S | 2.35 | ||
| P/FCF | 26.73 | ||
| P/OCF | 9.91 | ||
| P/B | 2.5 | ||
| P/tB | N/A | ||
| EV/EBITDA | 13.14 |
EPS(TTM)7.11
EY2.37%
EPS(NY)8.51
Fwd EY2.84%
FCF(TTM)11.21
FCFY3.74%
OCF(TTM)30.25
OCFY10.09%
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 | 1.88 |
F-Score4
WACC6.73%
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-43.81%
EPS Next 2Y-10.72%
EPS Next 3Y3.13%
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-12.78%
Revenue Next 2Y-5.37%
Revenue Next 3Y-1.3%
Revenue Next 5Y2.45%
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 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 -43.81% 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%.