KERING (PPX.DE) Stock Fundamental Analysis
Europe • Frankfurt Stock Exchange • FRA:PPX • FR0000121485
264.3 EUR
+1.85 (+0.7%)
Last: Jan 30, 2026, 07:00 PM
PPX gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 52 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. While showing a medium growth rate, PPX is valued expensive at the moment.
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.
- Each year in the past 5 years PPX has 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.
- With a Return On Equity value of 4.94%, PPX is not doing good in the industry: 61.54% of the companies in the same industry are doing better.
- PPX has a worse Return On Invested Capital (3.65%) than 69.23% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for PPX is in line with the industry average of 11.58%.
- 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
- Looking at the Profit Margin, with a value of 4.62%, PPX is in line with its industry, outperforming 44.23% of the companies in the same industry.
- In the last couple of years the Profit Margin of PPX has declined.
- With a Operating Margin value of 11.07%, PPX perfoms like the industry average, outperforming 55.77% of the companies in the same industry.
- PPX's Operating Margin has declined in the last couple of years.
- The Gross Margin of PPX (73.03%) is better than 75.00% of its industry peers.
- 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.
- The number of shares outstanding for PPX has been reduced compared to 5 years ago.
- PPX has a worse debt/assets ratio than last year.
2.2 Solvency
- PPX has an Altman-Z score of 1.78. This is a bad value and indicates that PPX is not financially healthy and even has some risk of bankruptcy.
- The Altman-Z score of PPX (1.78) is comparable to the rest of the 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.
- The Debt to FCF ratio of PPX (13.86) is worse than 65.38% of its industry peers.
- 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: 75.00% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.12 | ||
| Debt/FCF | 13.86 | ||
| Altman-Z | 1.78 |
ROIC/WACC0.52
WACC7.01%
2.3 Liquidity
- A Current Ratio of 1.32 indicates that PPX should not have too much problems paying its short term obligations.
- With a Current ratio value of 1.32, PPX is not doing good in the industry: 65.38% of the companies in the same industry are doing better.
- 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 of 0.87. This is comparable to the rest of the industry: PPX outperforms 51.92% of its industry peers.
| 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%.
- Measured over the past years, PPX shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -16.03% on average per year.
- The Revenue for PPX has decreased by -14.56% in the past year. This is quite bad
- 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 quite strong growth in Earnings Per Share. The EPS will grow by 9.83% on average per year.
- 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.
- 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 37.17.
- PPX's Price/Earnings is on the same level as the industry average.
- The average S&P500 Price/Earnings ratio is at 28.32. PPX is valued slightly more expensive when compared to this.
- Based on the Price/Forward Earnings ratio of 31.11, the valuation of PPX can be described as expensive.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of PPX is on the same level as its industry peers.
- PPX is valuated rather expensively when we compare the Price/Forward Earnings ratio to 25.57, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 37.17 | ||
| Fwd PE | 31.11 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of PPX indicates a slightly more expensive valuation: PPX is more expensive than 61.54% of the companies listed in the same industry.
- PPX's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 23.57 | ||
| EV/EBITDA | 12.02 |
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.
- Compared to an average industry Dividend Yield of 2.05, PPX has a dividend in line with its industry peers.
- 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
- 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%
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 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 37.17 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 decline by -45.58% in the next year.