KERING (PPX.DE) Stock Fundamental Analysis
Europe - Frankfurt Stock Exchange - FRA:PPX - FR0000121485 - Common Stock
269.7 EUR
-7 (-2.53%)
We assign a fundamental rating of 3 out of 10 to PPX. PPX was compared to 51 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.
- 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
- PPX has a Return On Assets (1.72%) which is in line with its industry peers.
- With a Return On Equity value of 4.94%, PPX is not doing good in the industry: 62.75% of the companies in the same industry are doing better.
- PPX's Return On Invested Capital of 3.65% is on the low side compared to the rest of the industry. PPX is outperformed by 68.63% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for PPX is below the industry average of 12.94%.
- 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 has a Profit Margin (4.62%) which is comparable to the rest of the industry.
- PPX's Profit Margin has declined in the last couple of years.
- PPX's Operating Margin of 11.07% is in line compared to the rest of the industry. PPX outperforms 52.94% of its industry peers.
- PPX's Operating Margin has declined in the last couple of years.
- PPX has a Gross Margin of 73.03%. This is in the better half of the industry: PPX outperforms 78.43% of its industry peers.
- 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
- PPX has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
- PPX has about the same amout of shares outstanding than it did 1 year ago.
- The number of shares outstanding for PPX has been reduced compared to 5 years ago.
- Compared to 1 year ago, PPX has a worse debt to assets ratio.
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 68.63% 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.
- With a Debt to FCF ratio value of 13.86, PPX is not doing good in the industry: 66.67% of the companies in the same industry are doing better.
- PPX has a Debt/Equity ratio of 1.12. This is a high value indicating a heavy dependency on external financing.
- With a Debt to Equity ratio value of 1.12, PPX is not doing good in the industry: 68.63% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.12 | ||
| Debt/FCF | 13.86 | ||
| Altman-Z | 1.8 |
ROIC/WACC0.52
WACC6.97%
2.3 Liquidity
- A Current Ratio of 1.32 indicates that PPX should not have too much problems paying its short term obligations.
- PPX's Current ratio of 1.32 is on the low side compared to the rest of the industry. PPX is outperformed by 68.63% 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 comparable to the rest of the industry.
| 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%.
- The earnings per share for PPX have been decreasing by -16.03% on average. This is quite bad
- PPX shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -14.56%.
- 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
- PPX is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 9.83% yearly.
- The Revenue is expected to grow by 2.24% on average over the next years.
EPS Next Y-43.81%
EPS Next 2Y-10.72%
EPS Next 3Y3.13%
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
- 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 accelerating.
4. Valuation
4.1 Price/Earnings Ratio
- PPX is valuated quite expensively with a Price/Earnings ratio of 37.93.
- PPX's Price/Earnings is on the same level as the industry average.
- The average S&P500 Price/Earnings ratio is at 26.94. PPX is valued slightly more expensive when compared to this.
- With a Price/Forward Earnings ratio of 31.68, PPX can be considered very expensive at the moment.
- PPX's Price/Forward Earnings ratio is in line with the industry average.
- The average S&P500 Price/Forward Earnings ratio is at 23.94. PPX is valued slightly more expensive when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 37.93 | ||
| Fwd PE | 31.68 |
4.2 Price Multiples
- PPX's Enterprise Value to EBITDA is on the same level as the industry average.
- PPX's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 24.05 | ||
| EV/EBITDA | 12.19 |
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
- PPX has a Yearly Dividend Yield of 1.99%. Purely for dividend investing, there may be better candidates out there.
- Compared to an average industry Dividend Yield of 1.98, PPX has a dividend in line with its industry peers.
- Compared to an average S&P500 Dividend Yield of 1.83, PPX has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.99% |
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
- 100.96% of the earnings are spent on dividend by PPX. 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-10.72%
EPS Next 3Y3.13%
FRA:PPX (1/20/2026, 7:00:00 PM)
269.7
-7 (-2.53%)
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 Cap33.29B
Revenue(TTM)15.76B
Net Income(TTM)729.00M
Analysts53.55
Price Target307.35 (13.96%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.99% |
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)37.93%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-0.26%
EPS NY rev (3m)1.74%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.09%
Revenue NY rev (3m)0.61%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 37.93 | ||
| Fwd PE | 31.68 | ||
| P/S | 2.11 | ||
| P/FCF | 24.05 | ||
| P/OCF | 8.92 | ||
| P/B | 2.25 | ||
| P/tB | N/A | ||
| EV/EBITDA | 12.19 |
EPS(TTM)7.11
EY2.64%
EPS(NY)8.51
Fwd EY3.16%
FCF(TTM)11.21
FCFY4.16%
OCF(TTM)30.25
OCFY11.21%
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 | 1.8 |
F-Score4
WACC6.97%
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-43.81%
EPS Next 2Y-10.72%
EPS Next 3Y3.13%
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 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 37.93 and the Price/Book (PB) ratio is 2.25.
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.