PVH CORP (PVH) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:PVH - US6936561009 - Common Stock
66.01 USD
-4 (-5.71%)
66.01 USD
0 (0%)
Overall PVH gets a fundamental rating of 5 out of 10. We evaluated PVH against 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.
PVH had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
PVH has a Return On Assets (2.98%) which is comparable to the rest of the industry.
Looking at the Return On Equity, with a value of 6.99%, PVH is in line with its industry, outperforming 55.56% of the companies in the same industry.
PVH's Return On Invested Capital of 5.85% is in line compared 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.
Looking at the Operating Margin, with a value of 7.44%, PVH is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
PVH's Operating Margin has been stable in the last couple of years.
Looking at the Gross Margin, with a value of 57.69%, PVH is in the better half of the industry, outperforming 71.11% of the companies in the same industry.
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.
Compared to 1 year ago, PVH has less shares outstanding
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 2.14 indicates that PVH is not a great score, but indicates only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 2.14, PVH is doing worse than 71.11% of the companies in the same industry.
The Debt to FCF ratio of PVH is 5.11, which is a neutral value as it means it would take PVH, 5.11 years of fcf income to pay off all of its debts.
PVH's Debt to FCF ratio of 5.11 is in line compared to the rest of the industry. PVH outperforms 60.00% of its industry peers.
A Debt/Equity ratio of 0.46 indicates that PVH is not too dependend on debt financing.
PVH has a Debt to Equity ratio (0.46) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.46 | ||
| Debt/FCF | 5.11 | ||
| Altman-Z | 2.14 |
ROIC/WACC0.56
WACC10.4%
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.
With a Current ratio value of 1.47, PVH is not doing good in the industry: 75.56% of the companies in the same industry are doing better.
A Quick Ratio of 0.72 indicates that PVH may have some problems paying its short term obligations.
With a Quick ratio value of 0.72, PVH is not doing good in the industry: 86.67% of the companies in the same industry are doing better.
| 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%.
The Earnings Per Share has been growing slightly by 4.27% on average over the past years.
The Revenue has been growing slightly by 0.52% in the past year.
Measured over the past years, PVH shows a decrease in Revenue. The Revenue has been decreasing by -2.67% on average per year.
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.
PVH is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.55% yearly.
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
The Price/Earnings ratio is 6.04, which 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.
When comparing the Price/Earnings ratio of PVH to the average of the S&P500 Index (26.92), we can say PVH is valued rather cheaply.
PVH is valuated cheaply with a Price/Forward Earnings ratio of 5.45.
97.78% of the companies in the same industry are more expensive than PVH, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 23.57. PVH is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.04 | ||
| Fwd PE | 5.45 |
4.2 Price Multiples
86.67% of the companies in the same industry are more expensive than PVH, based on the Enterprise Value to EBITDA ratio.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of PVH indicates a rather cheap valuation: PVH is cheaper than 88.89% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.19 | ||
| EV/EBITDA | 5.87 |
4.3 Compensation for Growth
The decent profitability rating of PVH may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.41
EPS Next 2Y1.46%
EPS Next 3Y5.55%
5. Dividend
5.1 Amount
With a yearly dividend of 0.22%, PVH is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 1.53, PVH has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 1.94, 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 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.
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%
66.01
-4 (-5.71%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryTextiles, Apparel & Luxury Goods
Earnings (Last)
Earnings (Next)
Inst Owners121.35%
Inst Owner Change0%
Ins Owners0.9%
Ins Owner Change-0.01%
Market Cap3.18B
Revenue(TTM)8.82B
Net Income(TTM)340.80M
Analysts77.89
Price Target98.56 (49.31%)
Short Float %7%
Short Ratio4.44
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-DateN/A
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)-7.92%
EPS NQ rev (3m)-9.46%
EPS NY rev (1m)0.12%
EPS NY rev (3m)-0.05%
Revenue NQ rev (1m)-0.81%
Revenue NQ rev (3m)-1.36%
Revenue NY rev (1m)0.01%
Revenue NY rev (3m)-0.07%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.04 | ||
| Fwd PE | 5.45 | ||
| P/S | 0.36 | ||
| P/FCF | 7.19 | ||
| P/OCF | 5.44 | ||
| P/B | 0.65 | ||
| P/tB | N/A | ||
| EV/EBITDA | 5.87 |
EPS(TTM)10.92
EY16.54%
EPS(NY)12.11
Fwd EY18.34%
FCF(TTM)9.18
FCFY13.91%
OCF(TTM)12.13
OCFY18.38%
SpS183.22
BVpS101.39
TBVpS-3.45
PEG (NY)N/A
PEG (5Y)1.41
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 | 2.14 |
F-Score5
WACC10.4%
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 of PVH CORP (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 earnings growth outlook for PVH CORP?
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%.