KERING (PPX.DE) Stock Fundamental Analysis
Europe - FRA:PPX - FR0000121485 - Common Stock
303.4 EUR
-5.5 (-1.78%)
Taking everything into account, PPX scores 3 out of 10 in our fundamental rating. PPX was compared to 49 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. While showing a medium growth rate, PPX is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
In the past year PPX was profitable.
PPX had a positive operating cash flow in the past year.
PPX had positive earnings in each of the past 5 years.
PPX had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
PPX has a worse Return On Assets (1.72%) than 61.22% of its industry peers.
PPX has a Return On Equity of 4.94%. This is in the lower half of the industry: PPX underperforms 63.27% of its industry peers.
With a Return On Invested Capital value of 3.65%, PPX is not doing good in the industry: 71.43% of the companies in the same industry are doing better.
Measured over the past 3 years, the Average Return On Invested Capital for PPX is in line with the industry average of 11.06%.
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 has a Profit Margin (4.62%) which is comparable to the rest of the industry.
In the last couple of years the Profit Margin of PPX has declined.
PPX's Operating Margin of 11.07% is fine compared to the rest of the industry. PPX outperforms 63.27% of its industry peers.
PPX's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 73.03%, PPX is in the better half of the industry, outperforming 79.59% of the companies in the same industry.
In the last couple of years the Gross Margin of PPX has remained more or less at the same level.
| 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
PPX has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it 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
Compared to 1 year ago, PPX has a worse debt to assets ratio.
2.2 Solvency
PPX has an Altman-Z score of 1.89. 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 Altman-Z score of 1.89. This is in the lower half of the industry: PPX underperforms 63.27% 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.
With a Debt to FCF ratio value of 13.86, PPX is not doing good in the industry: 69.39% of the companies in the same industry are doing better.
A Debt/Equity ratio of 1.12 is on the high side and indicates that PPX has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 1.12, PPX is doing worse than 71.43% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.12 | ||
| Debt/FCF | 13.86 | ||
| Altman-Z | 1.89 |
ROIC/WACC0.56
WACC6.58%
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 Current ratio of 1.32. This is in the lower half of the industry: PPX underperforms 65.31% of its industry peers.
A Quick Ratio of 0.87 indicates that PPX may have some problems paying its short term obligations.
PPX's Quick ratio of 0.87 is in line compared to the rest of the industry. PPX outperforms 55.10% of its industry peers.
| 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.
Measured over the past years, PPX shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -16.03% on average per year.
PPX shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -14.56%.
The Revenue has been growing slightly by 1.60% on average over the past years.
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
PPX is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 21.59% yearly.
Based on estimates for the next years, PPX will show a small growth in Revenue. The Revenue will grow by 2.54% on average per year.
EPS Next Y-44.77%
EPS Next 2Y-13.18%
EPS Next 3Y0.03%
EPS Next 5Y21.59%
Revenue Next Year-13.31%
Revenue Next 2Y-5.33%
Revenue Next 3Y-1.52%
Revenue Next 5Y2.54%
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
PPX is valuated quite expensively with a Price/Earnings ratio of 42.67.
PPX's Price/Earnings ratio is in line with the industry average.
PPX's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 27.34.
With a Price/Forward Earnings ratio of 37.69, PPX can be considered very expensive at the moment.
PPX's Price/Forward Earnings ratio is in line with the industry average.
When comparing the Price/Forward Earnings ratio of PPX to the average of the S&P500 Index (22.86), we can say PPX is valued expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 42.67 | ||
| Fwd PE | 37.69 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of PPX indicates a slightly more expensive valuation: PPX is more expensive than 67.35% of the companies listed in the same industry.
The rest of the industry has a similar Price/Free Cash Flow ratio as PPX.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 27.06 | ||
| EV/EBITDA | 13.26 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-13.18%
EPS Next 3Y0.03%
5. Dividend
5.1 Amount
PPX has a Yearly Dividend Yield of 1.92%.
PPX's Dividend Yield is comparable with the industry average which is at 3.09.
PPX's Dividend Yield is slightly below the S&P500 average, which is at 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.92% |
5.2 History
On average, the dividend of PPX grows each year by 6.01%, which is quite nice.
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.
PPX's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP100.96%
EPS Next 2Y-13.18%
EPS Next 3Y0.03%
FRA:PPX (10/13/2025, 7:00:00 PM)
303.4
-5.5 (-1.78%)
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 Cap37.45B
Analysts55.48
Price Target222.84 (-26.55%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.92% |
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)11.04%
PT rev (3m)9.92%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)1.17%
EPS NY rev (3m)-37.52%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.21%
Revenue NY rev (3m)-5.24%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 42.67 | ||
| Fwd PE | 37.69 | ||
| P/S | 2.38 | ||
| P/FCF | 27.06 | ||
| P/OCF | 10.03 | ||
| P/B | 2.54 | ||
| P/tB | N/A | ||
| EV/EBITDA | 13.26 |
EPS(TTM)7.11
EY2.34%
EPS(NY)8.05
Fwd EY2.65%
FCF(TTM)11.21
FCFY3.7%
OCF(TTM)30.25
OCFY9.97%
SpS127.72
BVpS119.66
TBVpS-5.1
PEG (NY)N/A
PEG (5Y)N/A
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%
ROICexcg growth 3Y-34.7%
ROICexcg 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 | 1.89 |
F-Score4
WACC6.58%
ROIC/WACC0.56
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-44.77%
EPS Next 2Y-13.18%
EPS Next 3Y0.03%
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-13.31%
Revenue Next 2Y-5.33%
Revenue Next 3Y-1.52%
Revenue Next 5Y2.54%
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%