PVH CORP (PVH) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:PVH - US6936561009 - Common Stock
75.27 USD
-2 (-2.59%)
75.56 USD
+0.29 (+0.39%)
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. 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
PVH had positive earnings in the past year.
PVH had a positive operating cash flow in the past year.
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 (2.98%) which is in line with its industry peers.
With a Return On Equity value of 6.99%, PVH perfoms like the industry average, outperforming 53.33% of the companies in the same industry.
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.
The Average Return On Invested Capital over the past 3 years for PVH is below the industry average of 11.77%.
| 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
Looking at the Profit Margin, with a value of 3.87%, PVH is in the better half of the industry, outperforming 62.22% of the companies in the same industry.
In the last couple of years the Profit Margin of PVH has grown nicely.
PVH has a Operating Margin of 7.44%. This is in the better half of the industry: PVH outperforms 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
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
PVH has an Altman-Z score of 2.17. 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.
PVH's Altman-Z score of 2.17 is on the low side compared to the rest of the industry. PVH is outperformed by 66.67% of its industry peers.
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 has a Debt to FCF ratio (5.11) which is in line with its industry peers.
PVH has a Debt/Equity ratio of 0.46. This is a healthy value indicating a solid balance between debt and equity.
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 | 2.17 |
ROIC/WACC0.56
WACC10.42%
2.3 Liquidity
A Current Ratio of 1.47 indicates that PVH should not have too much problems paying 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.
A Quick Ratio of 0.72 indicates that PVH may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.72, PVH is doing worse than 86.67% of the companies in the same industry.
| 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.
The Revenue has been growing slightly by 0.52% in the past year.
The Revenue has been decreasing by -2.67% on average over the past years.
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.
The Revenue is expected to grow by 2.55% on average over the next years.
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.
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 cheaply with a Price/Earnings ratio of 6.89.
Based on the Price/Earnings ratio, PVH is valued cheaper than 93.33% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 26.54. PVH is valued rather cheaply when compared to this.
Based on the Price/Forward Earnings ratio of 6.32, 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.
The average S&P500 Price/Forward Earnings ratio is at 23.78. PVH is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.89 | ||
| Fwd PE | 6.32 |
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 82.22% of the companies listed 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 | 8.2 | ||
| EV/EBITDA | 6.24 |
4.3 Compensation for Growth
The decent profitability rating of PVH may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.61
EPS Next 2Y0.6%
EPS Next 3Y3.98%
5. Dividend
5.1 Amount
PVH has a yearly dividend return of 0.19%, which is pretty low.
PVH's Dividend Yield is comparable with the industry average which is at 2.65.
With a Dividend Yield of 0.19, PVH pays less dividend than the S&P500 average, which is at 2.27.
| 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
2.32% of the earnings are spent on dividend by PVH. This is a low number and sustainable payout ratio.
PVH's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP2.32%
EPS Next 2Y0.6%
EPS Next 3Y3.98%
75.27
-2 (-2.59%)
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 Change3.22%
Market Cap3.62B
Revenue(TTM)8.82B
Net Income(TTM)340.80M
Analysts77.89
Price Target99.89 (32.71%)
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)4.18%
EPS NQ rev (1m)-1.16%
EPS NQ rev (3m)-7.2%
EPS NY rev (1m)-0.04%
EPS NY rev (3m)0.39%
Revenue NQ rev (1m)0.04%
Revenue NQ rev (3m)0.04%
Revenue NY rev (1m)-0.06%
Revenue NY rev (3m)0.61%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.89 | ||
| Fwd PE | 6.32 | ||
| P/S | 0.41 | ||
| P/FCF | 8.2 | ||
| P/OCF | 6.21 | ||
| P/B | 0.74 | ||
| P/tB | N/A | ||
| EV/EBITDA | 6.24 |
EPS(TTM)10.92
EY14.51%
EPS(NY)11.9
Fwd EY15.81%
FCF(TTM)9.18
FCFY12.2%
OCF(TTM)12.13
OCFY16.12%
SpS183.22
BVpS101.39
TBVpS-3.45
PEG (NY)N/A
PEG (5Y)1.61
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 | 2.17 |
F-Score5
WACC10.42%
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%.