KERING (PPX.DE) Stock Fundamental Analysis
Europe - Frankfurt Stock Exchange - FRA:PPX - FR0000121485 - Common Stock
294.55 EUR
-4.95 (-1.65%)
We assign a fundamental rating of 3 out of 10 to PPX. PPX was compared to 48 industry peers in the Textiles, Apparel & Luxury Goods industry. There are concerns on the financial health of PPX while its profitability can be described as average. PPX is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
PPX had positive earnings in the past year.
PPX had a positive operating cash flow in the past year.
PPX had positive earnings in each of the past 5 years.
In the past 5 years PPX always reported a positive cash flow from operatings.
1.2 Ratios
PPX has a worse Return On Assets (1.72%) than 62.50% of its industry peers.
PPX has a Return On Equity of 4.94%. This is in the lower half of the industry: PPX underperforms 64.58% of its industry peers.
The Return On Invested Capital of PPX (3.65%) is worse than 70.83% of its industry peers.
The Average Return On Invested Capital over the past 3 years for PPX is below the industry average of 12.86%.
The 3 year average ROIC (10.05%) for PPX is well above the current ROIC(3.65%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.72% | ||
| ROE | 4.94% | ||
| ROIC | 3.65% |
ROA(3y)6.82%
ROA(5y)7.67%
ROE(3y)17.67%
ROE(5y)19%
ROIC(3y)10.05%
ROIC(5y)11.02%
1.3 Margins
PPX's Profit Margin of 4.62% is on the low side compared to the rest of the industry. PPX is outperformed by 60.42% of its industry peers.
In the last couple of years the Profit Margin of PPX has declined.
PPX has a Operating Margin (11.07%) which is in line with its industry peers.
PPX's Operating Margin has declined in the last couple of years.
PPX has a better Gross Margin (73.03%) than 77.08% of its industry peers.
PPX's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 11.07% | ||
| PM (TTM) | 4.62% | ||
| GM | 73.03% |
OM growth 3Y-19.39%
OM growth 5Y-13.44%
PM growth 3Y-28.46%
PM growth 5Y-14.63%
GM growth 3Y-0.14%
GM growth 5Y-0.1%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), PPX is creating some value.
Compared to 1 year ago, PPX has about the same amount of shares outstanding.
Compared to 5 years ago, PPX has less shares outstanding
The debt/assets ratio for PPX is higher compared to a year ago.
2.2 Solvency
PPX has an Altman-Z score of 1.87. This is not the best score and indicates that PPX is in the grey zone with still only limited risk for bankruptcy at the moment.
PPX has a worse Altman-Z score (1.87) than 70.83% of its industry peers.
The Debt to FCF ratio of PPX is 13.86, which is on the high side as it means it would take PPX, 13.86 years of fcf income to pay off all of its debts.
PPX's Debt to FCF ratio of 13.86 is on the low side compared to the rest of the industry. PPX is outperformed by 64.58% of its industry peers.
A Debt/Equity ratio of 1.12 is on the high side and indicates that PPX has dependencies on debt financing.
With a Debt to Equity ratio value of 1.12, PPX is not doing good in the industry: 70.83% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.12 | ||
| Debt/FCF | 13.86 | ||
| Altman-Z | 1.87 |
ROIC/WACC0.51
WACC7.16%
2.3 Liquidity
PPX has a Current Ratio of 1.32. This is a normal value and indicates that PPX is financially healthy and should not expect problems in meeting its short term obligations.
PPX has a worse Current ratio (1.32) than 66.67% of its industry peers.
A Quick Ratio of 0.87 indicates that PPX may have some problems paying its short term obligations.
The Quick ratio of PPX (0.87) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.32 | ||
| Quick Ratio | 0.87 |
3. Growth
3.1 Past
The earnings per share for PPX have decreased strongly by -59.67% in the last year.
The earnings per share for PPX have been decreasing by -16.03% on average. This is quite bad
Looking at the last year, PPX shows a very negative growth in Revenue. The Revenue has decreased by -14.56% in the last year.
PPX shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 1.60% yearly.
EPS 1Y (TTM)-59.67%
EPS 3Y-26.58%
EPS 5Y-16.03%
EPS Q2Q%-49.31%
Revenue 1Y (TTM)-14.56%
Revenue growth 3Y-0.86%
Revenue growth 5Y1.6%
Sales Q2Q%-15.97%
3.2 Future
Based on estimates for the next years, PPX will show a very strong growth in Earnings Per Share. The EPS will grow by 21.59% on average per year.
The Revenue is expected to grow by 2.45% on average over the next years.
EPS Next Y-44.19%
EPS Next 2Y-10.58%
EPS Next 3Y3.1%
EPS Next 5Y21.59%
Revenue Next Year-12.69%
Revenue Next 2Y-5.03%
Revenue Next 3Y-1.07%
Revenue Next 5Y2.45%
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
A Price/Earnings ratio of 41.43 indicates a quite expensive valuation of PPX.
PPX's Price/Earnings ratio is a bit more expensive when compared to the industry. PPX is more expensive than 60.42% of the companies in the same industry.
PPX's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 26.15.
The Price/Forward Earnings ratio is 34.49, which means the current valuation is very expensive for PPX.
Based on the Price/Forward Earnings ratio, PPX is valued a bit more expensive than the industry average as 62.50% of the companies are valued more cheaply.
PPX's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 36.22.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 41.43 | ||
| Fwd PE | 34.49 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of PPX is on the same level as its industry peers.
The rest of the industry has a similar Price/Free Cash Flow ratio as PPX.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 26.27 | ||
| EV/EBITDA | 12.98 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-10.58%
EPS Next 3Y3.1%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.03%, PPX has a reasonable but not impressive dividend return.
PPX's Dividend Yield is comparable with the industry average which is at 2.78.
Compared to an average S&P500 Dividend Yield of 2.32, PPX has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.03% |
5.2 History
The dividend of PPX is nicely growing with an annual growth rate of 6.01%!
Dividend Growth(5Y)6.01%
Div Incr Years0
Div Non Decr Years3
5.3 Sustainability
PPX pays out 100.96% of its income as dividend. This is not a sustainable payout ratio.
The dividend of PPX is growing, but earnings are growing more, so the dividend growth is sustainable.
DP100.96%
EPS Next 2Y-10.58%
EPS Next 3Y3.1%
FRA:PPX (12/2/2025, 7:00:00 PM)
294.55
-4.95 (-1.65%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryTextiles, Apparel & Luxury Goods
Earnings (Last)
Earnings (Next)
Inst Owners25.75%
Inst Owner ChangeN/A
Ins Owners0.03%
Ins Owner ChangeN/A
Market Cap36.35B
Revenue(TTM)15.76B
Net Income(TTM)729.00M
Analysts55.33
Price Target296.54 (0.68%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.03% |
Yearly Dividend14
Dividend Growth(5Y)6.01%
DP100.96%
Div Incr Years0
Div Non Decr Years3
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)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)33.08%
PT rev (3m)47.84%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)1.04%
EPS NY rev (3m)2.22%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.72%
Revenue NY rev (3m)-0.14%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 41.43 | ||
| Fwd PE | 34.49 | ||
| P/S | 2.31 | ||
| P/FCF | 26.27 | ||
| P/OCF | 9.74 | ||
| P/B | 2.46 | ||
| P/tB | N/A | ||
| EV/EBITDA | 12.98 |
EPS(TTM)7.11
EY2.41%
EPS(NY)8.54
Fwd EY2.9%
FCF(TTM)11.21
FCFY3.81%
OCF(TTM)30.25
OCFY10.27%
SpS127.72
BVpS119.66
TBVpS-5.1
PEG (NY)N/A
PEG (5Y)N/A
Graham Number138.36
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.72% | ||
| ROE | 4.94% | ||
| ROCE | 5.15% | ||
| ROIC | 3.65% | ||
| ROICexc | 4.16% | ||
| ROICexgc | 8.4% | ||
| OM | 11.07% | ||
| PM (TTM) | 4.62% | ||
| GM | 73.03% | ||
| FCFM | 8.78% |
ROA(3y)6.82%
ROA(5y)7.67%
ROE(3y)17.67%
ROE(5y)19%
ROIC(3y)10.05%
ROIC(5y)11.02%
ROICexc(3y)11.71%
ROICexc(5y)13.25%
ROICexgc(3y)23.84%
ROICexgc(5y)27.41%
ROCE(3y)14.46%
ROCE(5y)15.94%
ROICexgc growth 3Y-34.7%
ROICexgc growth 5Y-22.91%
ROICexc growth 3Y-32.92%
ROICexc growth 5Y-21.33%
OM growth 3Y-19.39%
OM growth 5Y-13.44%
PM growth 3Y-28.46%
PM growth 5Y-14.63%
GM growth 3Y-0.14%
GM growth 5Y-0.1%
F-Score4
Asset Turnover0.37
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.12 | ||
| Debt/FCF | 13.86 | ||
| Debt/EBITDA | 4.26 | ||
| Cap/Depr | 109.66% | ||
| Cap/Sales | 14.9% | ||
| Interest Coverage | 2.68 | ||
| Cash Conversion | 96.04% | ||
| Profit Quality | 189.85% | ||
| Current Ratio | 1.32 | ||
| Quick Ratio | 0.87 | ||
| Altman-Z | 1.87 |
F-Score4
WACC7.16%
ROIC/WACC0.51
Cap/Depr(3y)121.37%
Cap/Depr(5y)96.61%
Cap/Sales(3y)12.62%
Cap/Sales(5y)9.83%
Profit Quality(3y)91.35%
Profit Quality(5y)99.13%
High Growth Momentum
Growth
EPS 1Y (TTM)-59.67%
EPS 3Y-26.58%
EPS 5Y-16.03%
EPS Q2Q%-49.31%
EPS Next Y-44.19%
EPS Next 2Y-10.58%
EPS Next 3Y3.1%
EPS Next 5Y21.59%
Revenue 1Y (TTM)-14.56%
Revenue growth 3Y-0.86%
Revenue growth 5Y1.6%
Sales Q2Q%-15.97%
Revenue Next Year-12.69%
Revenue Next 2Y-5.03%
Revenue Next 3Y-1.07%
Revenue Next 5Y2.45%
EBIT growth 1Y-51.13%
EBIT growth 3Y-20.08%
EBIT growth 5Y-12.06%
EBIT Next Year44.92%
EBIT Next 3Y20.68%
EBIT Next 5Y25.36%
FCF growth 1Y-25.75%
FCF growth 3Y-29.17%
FCF growth 5Y-3.26%
OCF growth 1Y-16.39%
OCF growth 3Y-1.14%
OCF growth 5Y12.54%
KERING / PPX.DE FAQ
What is the fundamental rating for PPX stock?
ChartMill assigns a fundamental rating of 3 / 10 to PPX.DE.
What is the valuation status of KERING (PPX.DE) stock?
ChartMill assigns a valuation rating of 1 / 10 to KERING (PPX.DE). This can be considered as Overvalued.
How profitable is KERING (PPX.DE) stock?
KERING (PPX.DE) has a profitability rating of 4 / 10.
Can you provide the expected EPS growth for PPX stock?
The Earnings per Share (EPS) of KERING (PPX.DE) is expected to decline by -44.19% in the next year.
Is the dividend of KERING sustainable?
The dividend rating of KERING (PPX.DE) is 4 / 10 and the dividend payout ratio is 100.96%.