PVH CORP (PVH) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:PVH - US6936561009 - Common Stock
68.65 USD
-0.26 (-0.38%)
68.65 USD
0 (0%)
Taking everything into account, PVH scores 5 out of 10 in our fundamental rating. PVH was compared to 45 industry peers in the Textiles, Apparel & Luxury Goods industry. Both the profitability and the financial health of PVH get a neutral evaluation. Nothing too spectacular is happening here. PVH may be a bit undervalued, certainly considering the very reasonable score on growth
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.
In the past 5 years PVH always reported a positive cash flow from operatings.
1.2 Ratios
PVH has a Return On Assets of 2.98%. This is comparable to the rest of the industry: PVH outperforms 53.33% of its industry peers.
PVH has a Return On Equity (6.99%) which is in line with its industry peers.
PVH has a Return On Invested Capital of 5.85%. This is comparable to the rest of the industry: PVH outperforms 46.67% of its industry peers.
The Average Return On Invested Capital over the past 3 years for PVH is below the industry average of 11.62%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.98% | ||
| ROE | 6.99% | ||
| ROIC | 5.85% |
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
With a decent Profit Margin value of 3.87%, PVH is doing good in the industry, outperforming 62.22% of the companies in the same industry.
PVH's Profit Margin has improved in the last couple of years.
PVH's Operating Margin of 7.44% is fine compared to the rest of the industry. PVH outperforms 66.67% of its industry peers.
In the last couple of years the Operating Margin of PVH has remained more or less at the same level.
PVH's Gross Margin of 57.69% is fine compared to the rest of the industry. PVH outperforms 71.11% of its industry peers.
PVH's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 7.44% | ||
| PM (TTM) | 3.87% | ||
| GM | 57.69% |
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
PVH has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for PVH has been reduced compared to 1 year ago.
Compared to 5 years ago, PVH has less shares outstanding
Compared to 1 year ago, PVH has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 2.13 indicates that PVH is not a great score, but indicates only limited risk for bankruptcy at the moment.
The Altman-Z score of PVH (2.13) is worse than 68.89% of its industry peers.
PVH has a debt to FCF ratio of 5.11. This is a neutral value as PVH would need 5.11 years to pay back of all of its debts.
PVH has a Debt to FCF ratio (5.11) which is comparable to the rest of the industry.
A Debt/Equity ratio of 0.46 indicates that PVH is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.46, PVH is in line with its industry, outperforming 46.67% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.46 | ||
| Debt/FCF | 5.11 | ||
| Altman-Z | 2.13 |
ROIC/WACC0.56
WACC10.38%
2.3 Liquidity
A Current Ratio of 1.47 indicates that PVH should not have too much problems paying its short term obligations.
PVH has a worse Current ratio (1.47) than 75.56% of its industry peers.
A Quick Ratio of 0.72 indicates that PVH may have some problems paying its short term obligations.
PVH's Quick ratio of 0.72 is on the low side compared to the rest of the industry. PVH is outperformed by 86.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.47 | ||
| Quick Ratio | 0.72 |
3. Growth
3.1 Past
The earnings per share for PVH have decreased strongly by -10.57% in the last year.
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 small growth in Revenue. The Revenue has grown by 0.52% 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)-10.57%
EPS 3Y5.03%
EPS 5Y4.27%
EPS Q2Q%-6.6%
Revenue 1Y (TTM)0.52%
Revenue growth 3Y-1.86%
Revenue growth 5Y-2.67%
Sales Q2Q%1.74%
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 10.32% on average per year.
Based on estimates for the next years, PVH will show a small growth in Revenue. The Revenue will grow by 2.55% on average per year.
EPS Next Y-6.45%
EPS Next 2Y1.46%
EPS Next 3Y5.55%
EPS Next 5Y10.32%
Revenue Next Year3.07%
Revenue Next 2Y2.42%
Revenue Next 3Y2.59%
Revenue Next 5Y2.55%
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
With a Price/Earnings ratio of 6.29, the valuation of PVH can be described as very cheap.
95.56% of the companies in the same industry are more expensive than PVH, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 26.92, PVH is valued rather cheaply.
A Price/Forward Earnings ratio of 5.67 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 97.78% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 23.46. PVH is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.29 | ||
| Fwd PE | 5.67 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, PVH is valued cheaper than 88.89% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, PVH is valued cheaper than 88.89% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.48 | ||
| EV/EBITDA | 5.8 |
4.3 Compensation for Growth
PVH has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.47
EPS Next 2Y1.46%
EPS Next 3Y5.55%
5. Dividend
5.1 Amount
PVH has a yearly dividend return of 0.22%, which is pretty low.
The stock price of PVH dropped by -20.89% in the last 3 months. With lower prices the dividend yield is higher, but it may be a sign investors do not trust the long term dividend.
PVH's Dividend Yield is comparable with the industry average which is at 1.52.
Compared to an average S&P500 Dividend Yield of 2.00, PVH's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.22% |
5.2 History
The dividend of PVH has a limited annual growth rate of 0.27%.
PVH has been paying a dividend for at least 10 years, so it has 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 2.32% of its income as dividend. This is a sustainable payout ratio.
PVH's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP2.32%
EPS Next 2Y1.46%
EPS Next 3Y5.55%
68.65
-0.26 (-0.38%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryTextiles, Apparel & Luxury Goods
Earnings (Last)
Earnings (Next)
Inst Owners113.83%
Inst Owner Change-1.72%
Ins Owners0.84%
Ins Owner Change-0.01%
Market Cap3.30B
Revenue(TTM)8.82B
Net Income(TTM)340.80M
Analysts77.89
Price Target98.56 (43.57%)
Short Float %8.22%
Short Ratio5.24
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.22% |
Yearly Dividend0.16
Dividend Growth(5Y)0.27%
DP2.32%
Div Incr Years0
Div Non Decr Years4
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)17.04%
Min EPS beat(2)9.65%
Max EPS beat(2)24.44%
EPS beat(4)4
Avg EPS beat(4)9%
Min EPS beat(4)0.73%
Max EPS beat(4)24.44%
EPS beat(8)8
Avg EPS beat(8)12.31%
EPS beat(12)12
Avg EPS beat(12)13.77%
EPS beat(16)16
Avg EPS beat(16)16.53%
Revenue beat(2)1
Avg Revenue beat(2)0.35%
Min Revenue beat(2)-0.42%
Max Revenue beat(2)1.13%
Revenue beat(4)3
Avg Revenue beat(4)0.71%
Min Revenue beat(4)-0.42%
Max Revenue beat(4)1.51%
Revenue beat(8)5
Avg Revenue beat(8)0.56%
Revenue beat(12)7
Avg Revenue beat(12)0.5%
Revenue beat(16)10
Avg Revenue beat(16)0.29%
PT rev (1m)0.12%
PT rev (3m)-0.71%
EPS NQ rev (1m)-9.12%
EPS NQ rev (3m)-9.46%
EPS NY rev (1m)0.08%
EPS NY rev (3m)-0.05%
Revenue NQ rev (1m)-0.93%
Revenue NQ rev (3m)-1.36%
Revenue NY rev (1m)-0.04%
Revenue NY rev (3m)-0.07%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.29 | ||
| Fwd PE | 5.67 | ||
| P/S | 0.37 | ||
| P/FCF | 7.48 | ||
| P/OCF | 5.66 | ||
| P/B | 0.68 | ||
| P/tB | N/A | ||
| EV/EBITDA | 5.8 |
EPS(TTM)10.92
EY15.91%
EPS(NY)12.11
Fwd EY17.64%
FCF(TTM)9.18
FCFY13.38%
OCF(TTM)12.13
OCFY17.67%
SpS183.22
BVpS101.39
TBVpS-3.45
PEG (NY)N/A
PEG (5Y)1.47
Graham Number157.84
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.98% | ||
| ROE | 6.99% | ||
| ROCE | 7.14% | ||
| ROIC | 5.85% | ||
| ROICexc | 5.95% | ||
| ROICexgc | 13.48% | ||
| OM | 7.44% | ||
| PM (TTM) | 3.87% | ||
| GM | 57.69% | ||
| FCFM | 5.01% |
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%
ROICexgc growth 3Y-15.06%
ROICexgc 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 Turnover0.77
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.46 | ||
| Debt/FCF | 5.11 | ||
| Debt/EBITDA | 2.41 | ||
| Cap/Depr | 51.3% | ||
| Cap/Sales | 1.61% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 62.6% | ||
| Profit Quality | 129.67% | ||
| Current Ratio | 1.47 | ||
| Quick Ratio | 0.72 | ||
| Altman-Z | 2.13 |
F-Score5
WACC10.38%
ROIC/WACC0.56
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)-10.57%
EPS 3Y5.03%
EPS 5Y4.27%
EPS Q2Q%-6.6%
EPS Next Y-6.45%
EPS Next 2Y1.46%
EPS Next 3Y5.55%
EPS Next 5Y10.32%
Revenue 1Y (TTM)0.52%
Revenue growth 3Y-1.86%
Revenue growth 5Y-2.67%
Sales Q2Q%1.74%
Revenue Next Year3.07%
Revenue Next 2Y2.42%
Revenue Next 3Y2.59%
Revenue Next 5Y2.55%
EBIT growth 1Y-17.43%
EBIT growth 3Y-14.8%
EBIT growth 5Y-2.1%
EBIT Next Year21.23%
EBIT Next 3Y8.95%
EBIT Next 5Y8.2%
FCF growth 1Y20.08%
FCF growth 3Y-10.17%
FCF growth 5Y-2.92%
OCF growth 1Y-6.85%
OCF growth 3Y-11.56%
OCF growth 5Y-6.2%
PVH CORP / PVH FAQ
What is the ChartMill fundamental rating of PVH CORP (PVH) stock?
ChartMill assigns a fundamental rating of 5 / 10 to PVH.
What is the valuation status for PVH stock?
ChartMill assigns a valuation rating of 8 / 10 to PVH CORP (PVH). This can be considered as Undervalued.
What is the profitability of PVH stock?
PVH CORP (PVH) has a profitability rating of 6 / 10.
What is the expected EPS growth for PVH CORP (PVH) stock?
The Earnings per Share (EPS) of PVH CORP (PVH) is expected to decline by -6.45% in the next year.
Can you provide the dividend sustainability for PVH stock?
The dividend rating of PVH CORP (PVH) is 5 / 10 and the dividend payout ratio is 2.32%.