PVH CORP (PVH) Stock Fundamental Analysis
NYSE:PVH - New York Stock Exchange, Inc. - US6936561009 - Common Stock
Taking everything into account, PVH scores 5 out of 10 in our fundamental rating. PVH was compared to 50 industry peers in the Textiles, Apparel & Luxury Goods industry. PVH has an average financial health and profitability rating. PVH is valued quite cheap, while showing a decent growth score. This is a good combination!
1. Profitability
1.1 Basic Checks
PVH had positive earnings in the past year.
In the past year PVH had a positive cash flow from operations.
Of the past 5 years PVH 4 years were profitable.
Each year in the past 5 years PVH had a positive operating cash flow.
1.2 Ratios
PVH has a Return On Assets of 6.34%. This is in the better half of the industry: PVH outperforms 75.51% of its industry peers.
With a decent Return On Equity value of 13.48%, PVH is doing good in the industry, outperforming 73.47% of the companies in the same industry.
PVH's Return On Invested Capital of 6.07% is in line compared to the rest of the industry. PVH outperforms 46.94% of its industry peers.
The Average Return On Invested Capital over the past 3 years for PVH is below the industry average of 11.39%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.34% | ||
| ROE | 13.48% | ||
| ROIC | 6.07% |
ROA(3y)5.11%
ROA(5y)1.97%
ROE(3y)11.66%
ROE(5y)3.63%
ROIC(3y)6.89%
ROIC(5y)4.97%
1.3 Margins
PVH has a Profit Margin of 8.13%. This is amongst the best in the industry. PVH outperforms 81.63% of its industry peers.
In the last couple of years the Profit Margin of PVH has remained more or less at the same level.
With a decent Operating Margin value of 9.06%, PVH is doing good in the industry, outperforming 67.35% of the companies in the same industry.
PVH's Operating Margin has improved in the last couple of years.
With a decent Gross Margin value of 60.00%, PVH is doing good in the industry, outperforming 77.55% of the companies in the same industry.
In the last couple of years the Gross Margin of PVH has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 9.06% | ||
| PM (TTM) | 8.13% | ||
| GM | 60% |
OM growth 3Y181.01%
OM growth 5Y1.81%
PM growth 3YN/A
PM growth 5Y-1.41%
GM growth 3Y3.19%
GM growth 5Y1.14%
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.
PVH has less shares outstanding than it did 1 year ago.
The number of shares outstanding for PVH has been reduced compared to 5 years ago.
Compared to 1 year ago, PVH has an improved debt to assets ratio.
2.2 Solvency
PVH has an Altman-Z score of 2.34. 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.
Looking at the Altman-Z score, with a value of 2.34, PVH is doing worse than 63.27% of the companies in the same industry.
The Debt to FCF ratio of PVH is 3.03, which is a good value as it means it would take PVH, 3.03 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of PVH (3.03) is comparable to the rest of the industry.
A Debt/Equity ratio of 0.31 indicates that PVH is not too dependend on debt financing.
The Debt to Equity ratio of PVH (0.31) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.31 | ||
| Debt/FCF | 3.03 | ||
| Altman-Z | 2.34 |
ROIC/WACC0.83
WACC7.33%
2.3 Liquidity
A Current Ratio of 1.29 indicates that PVH should not have too much problems paying its short term obligations.
PVH's Current ratio of 1.29 is on the low side compared to the rest of the industry. PVH is outperformed by 87.76% of its industry peers.
A Quick Ratio of 0.69 indicates that PVH may have some problems paying its short term obligations.
PVH has a Quick ratio of 0.69. This is amonst the worse of the industry: PVH underperforms 91.84% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.29 | ||
| Quick Ratio | 0.69 |
3. Growth
3.1 Past
PVH shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 15.73%, which is quite good.
PVH shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 2.29% yearly.
PVH shows a decrease in Revenue. In the last year, the revenue decreased by -4.83%.
The Revenue has been decreasing by -0.93% on average over the past years.
EPS 1Y (TTM)15.73%
EPS 3YN/A
EPS 5Y2.29%
EPS Q2Q%-12.58%
Revenue 1Y (TTM)-4.83%
Revenue growth 3Y8.92%
Revenue growth 5Y-0.93%
Sales Q2Q%-4.56%
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 12.71% on average per year.
Based on estimates for the next years, PVH will show a small growth in Revenue. The Revenue will grow by 0.82% on average per year.
EPS Next Y10.12%
EPS Next 2Y8.87%
EPS Next 3Y10.29%
EPS Next 5Y12.71%
Revenue Next Year-5.7%
Revenue Next 2Y-2.31%
Revenue Next 3Y-0.33%
Revenue Next 5Y0.82%
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
PVH is valuated reasonably with a Price/Earnings ratio of 8.97.
89.80% of the companies in the same industry are more expensive than PVH, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of PVH to the average of the S&P500 Index (28.29), we can say PVH is valued rather cheaply.
With a Price/Forward Earnings ratio of 7.57, the valuation of PVH can be described as very cheap.
Based on the Price/Forward Earnings ratio, PVH is valued cheaply inside the industry as 100.00% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of PVH to the average of the S&P500 Index (24.44), we can say PVH is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.97 | ||
| Fwd PE | 7.57 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of PVH indicates a rather cheap valuation: PVH is cheaper than 89.80% of the companies listed in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of PVH indicates a somewhat cheap valuation: PVH is cheaper than 79.59% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.49 | ||
| EV/EBITDA | 6.26 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The decent profitability rating of PVH may justify a higher PE ratio.
PEG (NY)0.89
PEG (5Y)3.92
EPS Next 2Y8.87%
EPS Next 3Y10.29%
5. Dividend
5.1 Amount
PVH has a yearly dividend return of 0.16%, which is pretty low.
PVH's Dividend Yield is a higher than the industry average which is at 2.84.
Compared to an average S&P500 Dividend Yield of 2.28, PVH's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.16% |
5.2 History
The dividend of PVH has a limited annual growth rate of 0.42%.
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)0.42%
Div Incr Years0
Div Non Decr Years4
5.3 Sustainability
PVH pays out 1.22% 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.
DP1.22%
EPS Next 2Y8.87%
EPS Next 3Y10.29%
PVH CORP
NYSE:PVH (1/21/2025, 8:22:21 PM)
After market: 96.34 0 (0%)96.34
+3.56 (+3.84%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryTextiles, Apparel & Luxury Goods
Earnings (Last)
Earnings (Next)
Inst Owners103.77%
Inst Owner Change0.25%
Ins Owners0.59%
Ins Owner Change-0.16%
Market Cap5.36B
Analysts76.84
Price Target131.43 (36.42%)
Short Float %4.35%
Short Ratio3
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.16% |
Yearly Dividend0.16
Dividend Growth(5Y)0.42%
DP1.22%
Div Incr Years0
Div Non Decr Years4
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)1
Avg Revenue beat(2)-0.3%
Min Revenue beat(2)-0.66%
Max Revenue beat(2)0.05%
Revenue beat(4)2
Avg Revenue beat(4)0.28%
Min Revenue beat(4)-0.66%
Max Revenue beat(4)1.84%
Revenue beat(8)4
Avg Revenue beat(8)0.33%
Revenue beat(12)7
Avg Revenue beat(12)0.1%
Revenue beat(16)9
Avg Revenue beat(16)0.55%
PT rev (1m)4.31%
PT rev (3m)1.75%
EPS NQ rev (1m)0%
EPS NQ rev (3m)6.78%
EPS NY rev (1m)0%
EPS NY rev (3m)0.16%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.37%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.02%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.97 | ||
| Fwd PE | 7.57 | ||
| P/S | 0.61 | ||
| P/FCF | 7.49 | ||
| P/OCF | 5.88 | ||
| P/B | 1.01 | ||
| P/tB | N/A | ||
| EV/EBITDA | 6.26 |
EPS(TTM)10.74
EY11.15%
EPS(NY)12.73
Fwd EY13.21%
FCF(TTM)12.86
FCFY13.35%
OCF(TTM)16.4
OCFY17.02%
SpS157.67
BVpS95.06
TBVpS-2.12
PEG (NY)0.89
PEG (5Y)3.92
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.34% | ||
| ROE | 13.48% | ||
| ROCE | 9.3% | ||
| ROIC | 6.07% | ||
| ROICexc | 6.49% | ||
| ROICexgc | 20.09% | ||
| OM | 9.06% | ||
| PM (TTM) | 8.13% | ||
| GM | 60% | ||
| FCFM | 8.16% |
ROA(3y)5.11%
ROA(5y)1.97%
ROE(3y)11.66%
ROE(5y)3.63%
ROIC(3y)6.89%
ROIC(5y)4.97%
ROICexc(3y)7.59%
ROICexc(5y)5.43%
ROICexgc(3y)25.56%
ROICexgc(5y)17.96%
ROCE(3y)10.57%
ROCE(5y)7.63%
ROICexcg growth 3Y219.6%
ROICexcg growth 5Y1.02%
ROICexc growth 3Y223.23%
ROICexc growth 5Y5.28%
OM growth 3Y181.01%
OM growth 5Y1.81%
PM growth 3YN/A
PM growth 5Y-1.41%
GM growth 3Y3.19%
GM growth 5Y1.14%
F-Score7
Asset Turnover0.78
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.31 | ||
| Debt/FCF | 3.03 | ||
| Debt/EBITDA | 1.53 | ||
| Cap/Depr | 68.52% | ||
| Cap/Sales | 2.24% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 84.32% | ||
| Profit Quality | 100.31% | ||
| Current Ratio | 1.29 | ||
| Quick Ratio | 0.69 | ||
| Altman-Z | 2.34 |
F-Score7
WACC7.33%
ROIC/WACC0.83
Cap/Depr(3y)87.89%
Cap/Depr(5y)87.97%
Cap/Sales(3y)2.93%
Cap/Sales(5y)3.09%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)15.73%
EPS 3YN/A
EPS 5Y2.29%
EPS Q2Q%-12.58%
EPS Next Y10.12%
EPS Next 2Y8.87%
EPS Next 3Y10.29%
EPS Next 5Y12.71%
Revenue 1Y (TTM)-4.83%
Revenue growth 3Y8.92%
Revenue growth 5Y-0.93%
Sales Q2Q%-4.56%
Revenue Next Year-5.7%
Revenue Next 2Y-2.31%
Revenue Next 3Y-0.33%
Revenue Next 5Y0.82%
EBIT growth 1Y-10.21%
EBIT growth 3Y206.08%
EBIT growth 5Y0.87%
EBIT Next Year24.45%
EBIT Next 3Y11.57%
EBIT Next 5Y8.4%
FCF growth 1Y997.49%
FCF growth 3Y15.44%
FCF growth 5Y8.91%
OCF growth 1Y329.63%
OCF growth 3Y11.59%
OCF growth 5Y2.6%