PVH CORP (PVH) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:PVH - US6936561009 - Common Stock
69.4 USD
-1.2 (-1.7%)
69.4 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. PVH has only an average score on both its financial health and profitability. PVH scores decently on growth, while it is valued quite cheap. This could make an interesting combination.
1. Profitability
1.1 Basic Checks
In the past year PVH was profitable.
In the past year PVH had a positive cash flow from operations.
Of the past 5 years PVH 4 years were profitable.
In the past 5 years PVH always reported a positive cash flow from operatings.
1.2 Ratios
PVH has a Return On Assets (2.98%) which is comparable to the rest of the industry.
PVH has a Return On Equity of 6.99%. This is comparable to the rest of the industry: PVH outperforms 55.56% of its industry peers.
Looking at the Return On Invested Capital, with a value of 5.85%, PVH is in line with its industry, outperforming 44.44% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for PVH is below the industry average of 11.70%.
| 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
PVH's Profit Margin of 3.87% is fine compared to the rest of the industry. PVH outperforms 62.22% of its industry peers.
PVH's Profit Margin has improved in the last couple of years.
The Operating Margin of PVH (7.44%) is better than 66.67% of its industry peers.
PVH's Operating Margin has been stable in the last couple of years.
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.
In the last couple of years the Gross Margin of PVH has grown nicely.
| 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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so PVH is destroying value.
Compared to 1 year ago, PVH has less shares outstanding
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 2.14. 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.
With a Altman-Z score value of 2.14, PVH is not doing good in the industry: 71.11% of the companies in the same industry are doing better.
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.
The Debt to FCF ratio of PVH (5.11) 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.
PVH has a Debt to Equity ratio (0.46) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.46 | ||
| Debt/FCF | 5.11 | ||
| Altman-Z | 2.14 |
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.
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.
PVH shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 4.27% yearly.
Looking at the last year, PVH shows a small growth in Revenue. The Revenue has grown by 0.52% in the last 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
The Earnings Per Share is expected to grow by 10.32% on average over the next years. This is quite good.
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-6.56%
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
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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 6.36, the valuation of PVH can be described as very cheap.
Compared to the rest of the industry, the Price/Earnings ratio of PVH indicates a rather cheap valuation: PVH is cheaper than 95.56% of the companies listed in the same industry.
PVH is valuated cheaply when we compare the Price/Earnings ratio to 26.61, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 5.83, the valuation of PVH can be described as very cheap.
Compared to the rest of the industry, the Price/Forward Earnings ratio of PVH indicates a rather cheap valuation: PVH is cheaper than 95.56% of the companies listed in the same industry.
PVH is valuated cheaply when we compare the Price/Forward Earnings ratio to 24.01, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.36 | ||
| Fwd PE | 5.83 |
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 84.44% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, PVH is valued cheaply inside the industry as 88.89% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.56 | ||
| EV/EBITDA | 5.9 |
4.3 Compensation for Growth
The decent profitability rating of PVH may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.49
EPS Next 2Y0.6%
EPS Next 3Y3.98%
5. Dividend
5.1 Amount
PVH has a yearly dividend return of 0.21%, which is pretty low.
The stock price of PVH dropped by -20.03% 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.
Compared to an average industry Dividend Yield of 1.50, PVH has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 1.87, PVH's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.21% |
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%
69.4
-1.2 (-1.7%)
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 Change1.14%
Market Cap3.34B
Revenue(TTM)8.82B
Net Income(TTM)340.80M
Analysts77.89
Price Target99.89 (43.93%)
Short Float %8.22%
Short Ratio5.24
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.21% |
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)-9.12%
EPS NQ rev (3m)-9.46%
EPS NY rev (1m)-0.04%
EPS NY rev (3m)0.39%
Revenue NQ rev (1m)-0.93%
Revenue NQ rev (3m)-1.36%
Revenue NY rev (1m)-0.06%
Revenue NY rev (3m)-0.08%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.36 | ||
| Fwd PE | 5.83 | ||
| P/S | 0.38 | ||
| P/FCF | 7.56 | ||
| P/OCF | 5.72 | ||
| P/B | 0.68 | ||
| P/tB | N/A | ||
| EV/EBITDA | 5.9 |
EPS(TTM)10.92
EY15.73%
EPS(NY)11.9
Fwd EY17.15%
FCF(TTM)9.18
FCFY13.23%
OCF(TTM)12.13
OCFY17.48%
SpS183.22
BVpS101.39
TBVpS-3.45
PEG (NY)N/A
PEG (5Y)1.49
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
WACC10.39%
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%.