INTERPARFUMS INC (IPAR) Stock Fundamental Analysis
NASDAQ:IPAR - Nasdaq - US4583341098 - Common Stock - Currency: USD
IPAR gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 35 industry peers in the Personal Care Products industry. Both the health and profitability get an excellent rating, making IPAR a very profitable company, without any liquidiy or solvency issues. IPAR is not valued too expensively and it also shows a decent growth rate. This makes IPAR very considerable for quality investing!
1. Profitability
1.1 Basic Checks
IPAR had positive earnings in the past year.
IPAR had a positive operating cash flow in the past year.
Each year in the past 5 years IPAR has been profitable.
IPAR had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
IPAR has a Return On Assets of 11.51%. This is in the better half of the industry: IPAR outperforms 80.00% of its industry peers.
IPAR has a Return On Equity of 21.02%. This is amongst the best in the industry. IPAR outperforms 82.86% of its industry peers.
With an excellent Return On Invested Capital value of 18.91%, IPAR belongs to the best of the industry, outperforming 82.86% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for IPAR is above the industry average of 15.14%.
The 3 year average ROIC (17.76%) for IPAR is below the current ROIC(18.91%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.51% | ||
| ROE | 21.02% | ||
| ROIC | 18.91% |
ROA(3y)10.68%
ROA(5y)8.79%
ROE(3y)21.16%
ROE(5y)17.18%
ROIC(3y)17.76%
ROIC(5y)14.62%
1.3 Margins
Looking at the Profit Margin, with a value of 11.30%, IPAR belongs to the top of the industry, outperforming 88.57% of the companies in the same industry.
IPAR's Profit Margin has improved in the last couple of years.
IPAR has a Operating Margin of 19.49%. This is amongst the best in the industry. IPAR outperforms 91.43% of its industry peers.
In the last couple of years the Operating Margin of IPAR has grown nicely.
IPAR has a Gross Margin of 56.04%. This is comparable to the rest of the industry: IPAR outperforms 42.86% of its industry peers.
In the last couple of years the Gross Margin of IPAR has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 19.49% | ||
| PM (TTM) | 11.3% | ||
| GM | 56.04% |
OM growth 3Y3.91%
OM growth 5Y5.52%
PM growth 3Y4.43%
PM growth 5Y6.05%
GM growth 3Y0.16%
GM growth 5Y0.24%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), IPAR is creating value.
The number of shares outstanding for IPAR has been increased compared to 1 year ago.
IPAR has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, IPAR has an improved debt to assets ratio.
2.2 Solvency
IPAR has an Altman-Z score of 6.57. This indicates that IPAR is financially healthy and has little risk of bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 6.57, IPAR belongs to the top of the industry, outperforming 82.86% of the companies in the same industry.
IPAR has a debt to FCF ratio of 0.85. This is a very positive value and a sign of high solvency as it would only need 0.85 years to pay back of all of its debts.
With an excellent Debt to FCF ratio value of 0.85, IPAR belongs to the best of the industry, outperforming 82.86% of the companies in the same industry.
IPAR has a Debt/Equity ratio of 0.15. This is a healthy value indicating a solid balance between debt and equity.
IPAR has a Debt to Equity ratio of 0.15. This is comparable to the rest of the industry: IPAR outperforms 60.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.15 | ||
| Debt/FCF | 0.85 | ||
| Altman-Z | 6.57 |
ROIC/WACC2.16
WACC8.76%
2.3 Liquidity
A Current Ratio of 2.97 indicates that IPAR has no problem at all paying its short term obligations.
IPAR's Current ratio of 2.97 is fine compared to the rest of the industry. IPAR outperforms 74.29% of its industry peers.
A Quick Ratio of 1.68 indicates that IPAR should not have too much problems paying its short term obligations.
IPAR has a Quick ratio of 1.68. This is in the better half of the industry: IPAR outperforms 71.43% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.97 | ||
| Quick Ratio | 1.68 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 21.43% over the past year.
The Earnings Per Share has been growing by 22.27% on average over the past years. This is a very strong growth
IPAR shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 10.32%.
The Revenue has been growing by 15.27% on average over the past years. This is quite good.
EPS 1Y (TTM)21.43%
EPS 3Y22.78%
EPS 5Y22.27%
EPS Q2Q%3.94%
Revenue 1Y (TTM)10.32%
Revenue growth 3Y18.2%
Revenue growth 5Y15.27%
Sales Q2Q%4.59%
3.2 Future
Based on estimates for the next years, IPAR will show a small growth in Earnings Per Share. The EPS will grow by 5.80% on average per year.
IPAR is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.56% yearly.
EPS Next Y5.32%
EPS Next 2Y6.82%
EPS Next 3Y5.8%
EPS Next 5YN/A
Revenue Next Year3.78%
Revenue Next 2Y3.51%
Revenue Next 3Y4.56%
Revenue Next 5YN/A
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 decreasing.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 23.30 indicates a rather expensive valuation of IPAR.
62.86% of the companies in the same industry are more expensive than IPAR, based on the Price/Earnings ratio.
IPAR is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.61, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 20.61 indicates a rather expensive valuation of IPAR.
65.71% of the companies in the same industry are more expensive than IPAR, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of IPAR to the average of the S&P500 Index (37.13), we can say IPAR is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.3 | ||
| Fwd PE | 20.61 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of IPAR is on the same level as its industry peers.
68.57% of the companies in the same industry are more expensive than IPAR, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 21.05 | ||
| EV/EBITDA | 12.25 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The excellent profitability rating of IPAR may justify a higher PE ratio.
PEG (NY)4.38
PEG (5Y)1.05
EPS Next 2Y6.82%
EPS Next 3Y5.8%
5. Dividend
5.1 Amount
IPAR has a Yearly Dividend Yield of 2.42%.
Compared to an average industry Dividend Yield of 5.32, IPAR pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.32, IPAR has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.42% |
5.2 History
On average, the dividend of IPAR grows each year by 22.18%, which is quite nice.
IPAR has paid a dividend for at least 10 years, which is a reliable track record.
IPAR has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)22.18%
Div Incr Years4
Div Non Decr Years4
5.3 Sustainability
58.92% of the earnings are spent on dividend by IPAR. This is a bit on the high side, but may be sustainable.
IPAR's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP58.92%
EPS Next 2Y6.82%
EPS Next 3Y5.8%
122.78
-0.15 (-0.12%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupHousehold & Personal Products
GICS IndustryPersonal Care Products
Earnings (Last)
Earnings (Next)
Inst Owners62.08%
Inst Owner Change-0.27%
Ins Owners43.6%
Ins Owner Change-0.55%
Market Cap3.94B
Analysts84.44
Price Target168.3 (37.07%)
Short Float %6.5%
Short Ratio5.79
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.42% |
Yearly Dividend3
Dividend Growth(5Y)22.18%
DP58.92%
Div Incr Years4
Div Non Decr Years4
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)13.03%
Min EPS beat(2)8.41%
Max EPS beat(2)17.65%
EPS beat(4)4
Avg EPS beat(4)9%
Min EPS beat(4)3.48%
Max EPS beat(4)17.65%
EPS beat(8)6
Avg EPS beat(8)6.94%
EPS beat(12)10
Avg EPS beat(12)14.91%
EPS beat(16)14
Avg EPS beat(16)26.1%
Revenue beat(2)0
Avg Revenue beat(2)-1.3%
Min Revenue beat(2)-2%
Max Revenue beat(2)-0.59%
Revenue beat(4)0
Avg Revenue beat(4)-1.44%
Min Revenue beat(4)-2.03%
Max Revenue beat(4)-0.59%
Revenue beat(8)2
Avg Revenue beat(8)-0.19%
Revenue beat(12)4
Avg Revenue beat(12)0.36%
Revenue beat(16)5
Avg Revenue beat(16)0.05%
PT rev (1m)0%
PT rev (3m)-2.8%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-0.81%
EPS NY rev (1m)0%
EPS NY rev (3m)0.75%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.52%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.13%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.3 | ||
| Fwd PE | 20.61 | ||
| P/S | 2.69 | ||
| P/FCF | 21.05 | ||
| P/OCF | 16.98 | ||
| P/B | 5 | ||
| P/tB | 8.28 | ||
| EV/EBITDA | 12.25 |
EPS(TTM)5.27
EY4.29%
EPS(NY)5.96
Fwd EY4.85%
FCF(TTM)5.83
FCFY4.75%
OCF(TTM)7.23
OCFY5.89%
SpS45.68
BVpS24.55
TBVpS14.83
PEG (NY)4.38
PEG (5Y)1.05
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.51% | ||
| ROE | 21.02% | ||
| ROCE | 25.21% | ||
| ROIC | 18.91% | ||
| ROICexc | 22.26% | ||
| ROICexgc | 32.84% | ||
| OM | 19.49% | ||
| PM (TTM) | 11.3% | ||
| GM | 56.04% | ||
| FCFM | 12.77% |
ROA(3y)10.68%
ROA(5y)8.79%
ROE(3y)21.16%
ROE(5y)17.18%
ROIC(3y)17.76%
ROIC(5y)14.62%
ROICexc(3y)22.72%
ROICexc(5y)19.96%
ROICexgc(3y)35.6%
ROICexgc(5y)32.29%
ROCE(3y)23.62%
ROCE(5y)19.43%
ROICexcg growth 3Y6.05%
ROICexcg growth 5Y-2.44%
ROICexc growth 3Y8.08%
ROICexc growth 5Y4.09%
OM growth 3Y3.91%
OM growth 5Y5.52%
PM growth 3Y4.43%
PM growth 5Y6.05%
GM growth 3Y0.16%
GM growth 5Y0.24%
F-Score8
Asset Turnover1.02
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.15 | ||
| Debt/FCF | 0.85 | ||
| Debt/EBITDA | 0.37 | ||
| Cap/Depr | 158.92% | ||
| Cap/Sales | 3.06% | ||
| Interest Coverage | 36.8 | ||
| Cash Conversion | 73.92% | ||
| Profit Quality | 112.98% | ||
| Current Ratio | 2.97 | ||
| Quick Ratio | 1.68 | ||
| Altman-Z | 6.57 |
F-Score8
WACC8.76%
ROIC/WACC2.16
Cap/Depr(3y)438.01%
Cap/Depr(5y)567.12%
Cap/Sales(3y)5.93%
Cap/Sales(5y)7.26%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)21.43%
EPS 3Y22.78%
EPS 5Y22.27%
EPS Q2Q%3.94%
EPS Next Y5.32%
EPS Next 2Y6.82%
EPS Next 3Y5.8%
EPS Next 5YN/A
Revenue 1Y (TTM)10.32%
Revenue growth 3Y18.2%
Revenue growth 5Y15.27%
Sales Q2Q%4.59%
Revenue Next Year3.78%
Revenue Next 2Y3.51%
Revenue Next 3Y4.56%
Revenue Next 5YN/A
EBIT growth 1Y24.82%
EBIT growth 3Y22.82%
EBIT growth 5Y21.64%
EBIT Next Year12.21%
EBIT Next 3Y7.7%
EBIT Next 5YN/A
FCF growth 1Y1773.21%
FCF growth 3YN/A
FCF growth 5Y20.52%
OCF growth 1Y76.34%
OCF growth 3Y16.2%
OCF growth 5Y19.66%