PVH CORP (PVH) Stock Fundamental Analysis
USA - NYSE:PVH - US6936561009 - Common Stock
86.88 USD
+2.82 (+3.35%)
87.3 USD
+0.42 (+0.48%)
PVH gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 49 industry peers in the Textiles, Apparel & Luxury Goods industry. PVH has an average financial health and profitability rating. PVH has a bad growth rate and is valued cheaply.
1. Profitability
1.1 Basic Checks
PVH had positive earnings in the past year.
PVH had a positive operating cash flow in the past year.
PVH had positive earnings in 4 of the past 5 years.
PVH had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
PVH has a Return On Assets of 3.77%. This is comparable to the rest of the industry: PVH outperforms 57.14% of its industry peers.
The Return On Equity of PVH (8.71%) is comparable to the rest of the industry.
PVH's Return On Invested Capital of 6.29% is in line compared to the rest of the industry. PVH outperforms 44.90% of its industry peers.
The Average Return On Invested Capital over the past 3 years for PVH is below the industry average of 12.08%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.77% | ||
| ROE | 8.71% | ||
| ROIC | 6.29% |
ROA(3y)4.36%
ROA(5y)2.44%
ROE(3y)9.53%
ROE(5y)4.52%
ROIC(3y)7.83%
ROIC(5y)6.46%
1.3 Margins
The Profit Margin of PVH (4.63%) is better than 65.31% of its industry peers.
In the last couple of years the Profit Margin of PVH has grown nicely.
With a Operating Margin value of 7.13%, PVH perfoms like the industry average, outperforming 51.02% of the companies in the same industry.
PVH's Operating Margin has been stable in the last couple of years.
PVH's Gross Margin of 58.79% is fine compared to the rest of the industry. PVH outperforms 73.47% of its industry peers.
In the last couple of years the Gross Margin of PVH has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 7.13% | ||
| PM (TTM) | 4.63% | ||
| GM | 58.79% |
OM growth 3Y-13.18%
OM growth 5Y0.59%
PM growth 3Y-12.72%
PM growth 5Y10.43%
GM growth 3Y0.72%
GM growth 5Y1.79%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), PVH is destroying value.
The number of shares outstanding for PVH has been reduced compared to 1 year ago.
The number of shares outstanding for PVH has been reduced compared to 5 years ago.
The debt/assets ratio for PVH has been reduced compared to a year ago.
2.2 Solvency
PVH has an Altman-Z score of 2.22. This is not the best score and indicates that PVH is in the grey zone with still only limited risk for bankruptcy at the moment.
PVH's Altman-Z score of 2.22 is on the low side compared to the rest of the industry. PVH is outperformed by 69.39% of its industry peers.
The Debt to FCF ratio of PVH is 3.98, which is a good value as it means it would take PVH, 3.98 years of fcf income to pay off all of its debts.
PVH has a better Debt to FCF ratio (3.98) than 63.27% of its industry peers.
PVH has a Debt/Equity ratio of 0.40. This is a healthy value indicating a solid balance between debt and equity.
PVH has a Debt to Equity ratio of 0.40. This is comparable to the rest of the industry: PVH outperforms 53.06% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.4 | ||
| Debt/FCF | 3.98 | ||
| Altman-Z | 2.22 |
ROIC/WACC0.66
WACC9.58%
2.3 Liquidity
PVH has a Current Ratio of 1.11. This is a normal value and indicates that PVH is financially healthy and should not expect problems in meeting its short term obligations.
The Current ratio of PVH (1.11) is worse than 91.84% of its industry peers.
A Quick Ratio of 0.53 indicates that PVH may have some problems paying its short term obligations.
PVH has a Quick ratio of 0.53. This is amonst the worse of the industry: PVH underperforms 93.88% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.11 | ||
| Quick Ratio | 0.53 |
3. Growth
3.1 Past
PVH shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -7.95%.
Measured over the past 5 years, PVH shows a small growth in Earnings Per Share. The EPS has been growing by 4.27% on average per year.
Looking at the last year, PVH shows a decrease in Revenue. The Revenue has decreased by -1.14% in the last year.
PVH shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -2.67% yearly.
EPS 1Y (TTM)-7.95%
EPS 3Y5.03%
EPS 5Y4.27%
EPS Q2Q%-16.28%
Revenue 1Y (TTM)-1.14%
Revenue growth 3Y-1.86%
Revenue growth 5Y-2.67%
Sales Q2Q%4.48%
3.2 Future
Based on estimates for the next years, PVH will show a quite strong growth in Earnings Per Share. The EPS will grow by 10.21% on average per year.
The Revenue is expected to grow by 2.68% on average over the next years.
EPS Next Y-6.93%
EPS Next 2Y2.68%
EPS Next 3Y4.72%
EPS Next 5Y10.21%
Revenue Next Year3.14%
Revenue Next 2Y2.74%
Revenue Next 3Y2.64%
Revenue Next 5Y2.68%
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.
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
PVH is valuated cheaply with a Price/Earnings ratio of 7.81.
Based on the Price/Earnings ratio, PVH is valued cheaply inside the industry as 87.76% of the companies are valued more expensively.
PVH's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.41.
A Price/Forward Earnings ratio of 7.01 indicates a rather cheap valuation of PVH.
PVH's Price/Forward Earnings ratio is rather cheap when compared to the industry. PVH is cheaper than 97.96% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of PVH to the average of the S&P500 Index (22.88), we can say PVH is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.81 | ||
| Fwd PE | 7.01 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, PVH is valued a bit cheaper than 71.43% of the companies in the same industry.
89.80% of the companies in the same industry are more expensive than PVH, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.09 | ||
| EV/EBITDA | 6.79 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)1.83
EPS Next 2Y2.68%
EPS Next 3Y4.72%
5. Dividend
5.1 Amount
PVH has a yearly dividend return of 0.18%, which is pretty low.
PVH's Dividend Yield is a higher than the industry average which is at 3.08.
With a Dividend Yield of 0.18, PVH pays less dividend than the S&P500 average, which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.18% |
5.2 History
The dividend of PVH has a limited annual growth rate of 0.27%.
PVH has paid a dividend for at least 10 years, which is a reliable track record.
PVH has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)0.27%
Div Incr Years0
Div Non Decr Years4
5.3 Sustainability
PVH pays out 2.06% of its income as dividend. This is a sustainable payout ratio.
The dividend of PVH is growing, but earnings are growing more, so the dividend growth is sustainable.
DP2.06%
EPS Next 2Y2.68%
EPS Next 3Y4.72%
86.88
+2.82 (+3.35%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryTextiles, Apparel & Luxury Goods
Earnings (Last)
Earnings (Next)
Inst Owners118.64%
Inst Owner Change-0.5%
Ins Owners0.88%
Ins Owner Change14.48%
Market Cap4.18B
Analysts75.56
Price Target99.26 (14.25%)
Short Float %14.68%
Short Ratio6.09
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.18% |
Yearly Dividend0.16
Dividend Growth(5Y)0.27%
DP2.06%
Div Incr Years0
Div Non Decr Years4
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)0.96%
Min EPS beat(2)0.73%
Max EPS beat(2)1.19%
EPS beat(4)4
Avg EPS beat(4)11.97%
Min EPS beat(4)0.73%
Max EPS beat(4)30.12%
EPS beat(8)8
Avg EPS beat(8)10.07%
EPS beat(12)12
Avg EPS beat(12)12.75%
EPS beat(16)16
Avg EPS beat(16)23.88%
Revenue beat(2)2
Avg Revenue beat(2)1.07%
Min Revenue beat(2)0.62%
Max Revenue beat(2)1.51%
Revenue beat(4)3
Avg Revenue beat(4)0.52%
Min Revenue beat(4)-0.66%
Max Revenue beat(4)1.51%
Revenue beat(8)4
Avg Revenue beat(8)0.09%
Revenue beat(12)7
Avg Revenue beat(12)0.15%
Revenue beat(16)10
Avg Revenue beat(16)0.43%
PT rev (1m)10.69%
PT rev (3m)-3.57%
EPS NQ rev (1m)0.59%
EPS NQ rev (3m)0.82%
EPS NY rev (1m)-0.37%
EPS NY rev (3m)-10.14%
Revenue NQ rev (1m)0.14%
Revenue NQ rev (3m)0.28%
Revenue NY rev (1m)0.62%
Revenue NY rev (3m)2.01%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.81 | ||
| Fwd PE | 7.01 | ||
| P/S | 0.48 | ||
| P/FCF | 7.09 | ||
| P/OCF | 5.68 | ||
| P/B | 0.91 | ||
| P/tB | N/A | ||
| EV/EBITDA | 6.79 |
EPS(TTM)11.12
EY12.8%
EPS(NY)12.4
Fwd EY14.27%
FCF(TTM)12.25
FCFY14.1%
OCF(TTM)15.3
OCFY17.61%
SpS180.48
BVpS95.97
TBVpS-7.87
PEG (NY)N/A
PEG (5Y)1.83
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.77% | ||
| ROE | 8.71% | ||
| ROCE | 7.8% | ||
| ROIC | 6.29% | ||
| ROICexc | 6.44% | ||
| ROICexgc | 17.67% | ||
| OM | 7.13% | ||
| PM (TTM) | 4.63% | ||
| GM | 58.79% | ||
| FCFM | 6.79% |
ROA(3y)4.36%
ROA(5y)2.44%
ROE(3y)9.53%
ROE(5y)4.52%
ROIC(3y)7.83%
ROIC(5y)6.46%
ROICexc(3y)8.49%
ROICexc(5y)7.11%
ROICexgc(3y)27.32%
ROICexgc(5y)23.92%
ROCE(3y)9.59%
ROCE(5y)7.9%
ROICexcg growth 3Y-15.06%
ROICexcg growth 5Y7.78%
ROICexc growth 3Y-11.76%
ROICexc growth 5Y5.22%
OM growth 3Y-13.18%
OM growth 5Y0.59%
PM growth 3Y-12.72%
PM growth 5Y10.43%
GM growth 3Y0.72%
GM growth 5Y1.79%
F-Score5
Asset Turnover0.81
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.4 | ||
| Debt/FCF | 3.98 | ||
| Debt/EBITDA | 2.05 | ||
| Cap/Depr | 52.77% | ||
| Cap/Sales | 1.69% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 82.08% | ||
| Profit Quality | 146.56% | ||
| Current Ratio | 1.11 | ||
| Quick Ratio | 0.53 | ||
| Altman-Z | 2.22 |
F-Score5
WACC9.58%
ROIC/WACC0.66
Cap/Depr(3y)78.13%
Cap/Depr(5y)77.89%
Cap/Sales(3y)2.57%
Cap/Sales(5y)2.76%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-7.95%
EPS 3Y5.03%
EPS 5Y4.27%
EPS Q2Q%-16.28%
EPS Next Y-6.93%
EPS Next 2Y2.68%
EPS Next 3Y4.72%
EPS Next 5Y10.21%
Revenue 1Y (TTM)-1.14%
Revenue growth 3Y-1.86%
Revenue growth 5Y-2.67%
Sales Q2Q%4.48%
Revenue Next Year3.14%
Revenue Next 2Y2.74%
Revenue Next 3Y2.64%
Revenue Next 5Y2.68%
EBIT growth 1Y-33.01%
EBIT growth 3Y-14.8%
EBIT growth 5Y-2.1%
EBIT Next Year22.15%
EBIT Next 3Y9.85%
EBIT Next 5Y8.38%
FCF growth 1Y2176.06%
FCF growth 3Y-10.17%
FCF growth 5Y-2.92%
OCF growth 1Y175.52%
OCF growth 3Y-11.56%
OCF growth 5Y-6.2%