PVH CORP (PVH) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:PVH - US6936561009 - Common Stock
74.5 USD
-0.77 (-1.02%)
74.48 USD
-0.02 (-0.03%)
PVH gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 45 industry peers in the Textiles, Apparel & Luxury Goods industry. PVH has an average financial health and profitability rating. PVH may be a bit undervalued, certainly considering the very reasonable score on growth
1. Profitability
1.1 Basic Checks
In the past year PVH was profitable.
PVH had a positive operating cash flow in the past year.
PVH had positive earnings in 4 of the past 5 years.
Each year in the past 5 years PVH had a positive operating cash flow.
1.2 Ratios
PVH has a Return On Assets (2.98%) which is comparable to the rest of the industry.
PVH's Return On Equity of 6.99% is in line compared to the rest of the industry. PVH outperforms 53.33% of its industry peers.
PVH has a Return On Invested Capital (5.85%) which is comparable to the rest of the industry.
PVH had an Average Return On Invested Capital over the past 3 years of 7.83%. This is below the industry average of 11.80%.
| 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 has a better Operating Margin (7.44%) than 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 has a Gross Margin of 57.69%. This is in the better half 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
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.
Compared to 5 years ago, PVH has less shares outstanding
PVH has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 2.16 indicates that PVH is not a great score, but indicates only limited risk for bankruptcy at the moment.
PVH's Altman-Z score of 2.16 is on the low side compared to the rest of the industry. PVH is outperformed by 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.
With a Debt to FCF ratio value of 5.11, PVH perfoms like the industry average, outperforming 57.78% of the companies in the same industry.
PVH has a Debt/Equity ratio of 0.46. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.46, PVH is in line with its industry, outperforming 48.89% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.46 | ||
| Debt/FCF | 5.11 | ||
| Altman-Z | 2.16 |
ROIC/WACC0.56
WACC10.39%
2.3 Liquidity
PVH has a Current Ratio of 1.47. This is a normal value and indicates that PVH is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 1.47, PVH is doing worse than 75.56% of the companies in the same industry.
PVH has a Quick Ratio of 1.47. This is a bad value and indicates that PVH is not financially healthy enough and could expect problems in meeting its short term obligations.
PVH has a worse Quick ratio (0.72) than 86.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.47 | ||
| Quick Ratio | 0.72 |
3. Growth
3.1 Past
PVH shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -10.57%.
PVH shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 4.27% yearly.
PVH shows a small growth in Revenue. In the last year, the Revenue has grown by 0.52%.
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
The Earnings Per Share is expected to grow by 10.32% on average over the next years. This is quite good.
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-6.56%
EPS Next 2Y0.6%
EPS Next 3Y3.98%
EPS Next 5Y10.32%
Revenue Next Year3.06%
Revenue Next 2Y2.63%
Revenue Next 3Y2.51%
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
A Price/Earnings ratio of 6.82 indicates a rather cheap valuation of PVH.
95.56% of the companies in the same industry are more expensive than PVH, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 26.55. PVH is valued rather cheaply when compared to this.
Based on the Price/Forward Earnings ratio of 6.26, the valuation of PVH can be described as very cheap.
97.78% of the companies in the same industry are more expensive than PVH, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.78, PVH is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.82 | ||
| Fwd PE | 6.26 |
4.2 Price Multiples
82.22% of the companies in the same industry are more expensive than PVH, based on the Enterprise Value to EBITDA ratio.
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 | 8.11 | ||
| EV/EBITDA | 6.14 |
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)1.6
EPS Next 2Y0.6%
EPS Next 3Y3.98%
5. Dividend
5.1 Amount
With a yearly dividend of 0.19%, PVH is not a good candidate for dividend investing.
PVH's Dividend Yield is comparable with the industry average which is at 1.47.
With a Dividend Yield of 0.19, PVH pays less dividend than the S&P500 average, which is at 1.87.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.19% |
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 2.32% 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.
DP2.32%
EPS Next 2Y0.6%
EPS Next 3Y3.98%
74.5
-0.77 (-1.02%)
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 Change3.18%
Market Cap3.58B
Revenue(TTM)8.82B
Net Income(TTM)340.80M
Analysts77.89
Price Target99.89 (34.08%)
Short Float %8.44%
Short Ratio5.94
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.19% |
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)1.16%
PT rev (3m)0.63%
EPS NQ rev (1m)-2.18%
EPS NQ rev (3m)-1.67%
EPS NY rev (1m)-0.04%
EPS NY rev (3m)0.39%
Revenue NQ rev (1m)-0.48%
Revenue NQ rev (3m)-0.56%
Revenue NY rev (1m)-0.06%
Revenue NY rev (3m)-0.08%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.82 | ||
| Fwd PE | 6.26 | ||
| P/S | 0.41 | ||
| P/FCF | 8.11 | ||
| P/OCF | 6.14 | ||
| P/B | 0.73 | ||
| P/tB | N/A | ||
| EV/EBITDA | 6.14 |
EPS(TTM)10.92
EY14.66%
EPS(NY)11.9
Fwd EY15.97%
FCF(TTM)9.18
FCFY12.33%
OCF(TTM)12.13
OCFY16.28%
SpS183.22
BVpS101.39
TBVpS-3.45
PEG (NY)N/A
PEG (5Y)1.6
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 | 2.16 |
F-Score5
WACC10.39%
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-6.56%
EPS Next 2Y0.6%
EPS Next 3Y3.98%
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 Year3.06%
Revenue Next 2Y2.63%
Revenue Next 3Y2.51%
Revenue Next 5Y2.55%
EBIT growth 1Y-17.43%
EBIT growth 3Y-14.8%
EBIT growth 5Y-2.1%
EBIT Next Year21.46%
EBIT Next 3Y9.37%
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 -6.56% 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%.