PVH CORP (PVH) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:PVH - US6936561009 - Common Stock
66.01 USD
-4 (-5.71%)
66.13 USD
+0.12 (+0.18%)
We assign a fundamental rating of 5 out of 10 to PVH. PVH was compared to 45 industry peers in the Textiles, Apparel & Luxury Goods industry. PVH has an average financial health and profitability rating. 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.
Each year in the past 5 years PVH had a positive operating cash flow.
1.2 Ratios
With a Return On Assets value of 2.98%, PVH perfoms like the industry average, outperforming 53.33% of the companies in the same industry.
The Return On Equity of PVH (6.99%) is comparable to the rest of the industry.
PVH has a Return On Invested Capital of 5.85%. This is comparable to the rest of the industry: PVH outperforms 46.67% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for PVH is below the industry average of 11.62%.
| 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
With a decent Profit Margin value of 3.87%, PVH is doing good in the industry, outperforming 62.22% of the companies in the same industry.
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.
With a decent Gross Margin value of 57.69%, PVH is doing good in the industry, outperforming 71.11% of the companies in the same industry.
PVH's Gross Margin has improved in the last couple of years.
| 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.
PVH has less shares outstanding than it did 1 year ago.
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
An Altman-Z score of 2.12 indicates that PVH is not a great score, but indicates only limited risk for bankruptcy at the moment.
With a Altman-Z score value of 2.12, PVH is not doing good in the industry: 73.33% 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.
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 comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.46 | ||
| Debt/FCF | 5.11 | ||
| Altman-Z | 2.12 |
ROIC/WACC0.56
WACC10.4%
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.
PVH has a Quick Ratio of 1.47. This is a bad value and indicates that PVH is not financially healthy enough and could expect problems in meeting its short term obligations.
PVH has a worse Quick ratio (0.72) than 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.
The Earnings Per Share has been growing slightly by 4.27% on average over the past years.
The Revenue has been growing slightly by 0.52% in the past 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
PVH is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 10.32% yearly.
Based on estimates for the next years, PVH will show a small growth in Revenue. The Revenue will grow by 2.55% on average per year.
EPS Next Y-6.45%
EPS Next 2Y1.46%
EPS Next 3Y5.55%
EPS Next 5Y10.32%
Revenue Next Year3.07%
Revenue Next 2Y2.42%
Revenue Next 3Y2.59%
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 6.04.
Based on the Price/Earnings ratio, PVH is valued cheaply inside the industry as 95.56% of the companies are valued more expensively.
When comparing the Price/Earnings ratio of PVH to the average of the S&P500 Index (26.92), we can say PVH is valued rather cheaply.
A Price/Forward Earnings ratio of 5.45 indicates a rather cheap valuation of PVH.
PVH's Price/Forward Earnings ratio is rather cheap when compared to the industry. PVH is cheaper than 97.78% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.57, PVH is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.04 | ||
| Fwd PE | 5.45 |
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 86.67% of the companies listed in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of PVH indicates a rather cheap valuation: PVH is cheaper than 88.89% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.19 | ||
| EV/EBITDA | 5.66 |
4.3 Compensation for Growth
The decent profitability rating of PVH may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.41
EPS Next 2Y1.46%
EPS Next 3Y5.55%
5. Dividend
5.1 Amount
With a yearly dividend of 0.22%, PVH is not a good candidate for dividend investing.
PVH's Dividend Yield is comparable with the industry average which is at 1.53.
With a Dividend Yield of 0.22, PVH pays less dividend than the S&P500 average, which is at 1.94.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.22% |
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 2Y1.46%
EPS Next 3Y5.55%
66.01
-4 (-5.71%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryTextiles, Apparel & Luxury Goods
Earnings (Last)
Earnings (Next)
Inst Owners121.35%
Inst Owner Change0%
Ins Owners0.9%
Ins Owner Change-0.01%
Market Cap3.18B
Revenue(TTM)8.82B
Net Income(TTM)340.80M
Analysts77.89
Price Target98.56 (49.31%)
Short Float %7%
Short Ratio4.44
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.22% |
Yearly Dividend0.16
Dividend Growth(5Y)0.27%
DP2.32%
Div Incr Years0
Div Non Decr Years4
Ex-DateN/A
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)0.12%
PT rev (3m)-0.71%
EPS NQ rev (1m)-7.92%
EPS NQ rev (3m)-9.46%
EPS NY rev (1m)0.12%
EPS NY rev (3m)-0.05%
Revenue NQ rev (1m)-0.81%
Revenue NQ rev (3m)-1.36%
Revenue NY rev (1m)0.01%
Revenue NY rev (3m)-0.07%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.04 | ||
| Fwd PE | 5.45 | ||
| P/S | 0.36 | ||
| P/FCF | 7.19 | ||
| P/OCF | 5.44 | ||
| P/B | 0.65 | ||
| P/tB | N/A | ||
| EV/EBITDA | 5.66 |
EPS(TTM)10.92
EY16.54%
EPS(NY)12.11
Fwd EY18.34%
FCF(TTM)9.18
FCFY13.91%
OCF(TTM)12.13
OCFY18.38%
SpS183.22
BVpS101.39
TBVpS-3.45
PEG (NY)N/A
PEG (5Y)1.41
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 | 2.12 |
F-Score5
WACC10.4%
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-6.45%
EPS Next 2Y1.46%
EPS Next 3Y5.55%
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 Year3.07%
Revenue Next 2Y2.42%
Revenue Next 3Y2.59%
Revenue Next 5Y2.55%
EBIT growth 1Y-17.43%
EBIT growth 3Y-14.8%
EBIT growth 5Y-2.1%
EBIT Next Year21.23%
EBIT Next 3Y8.95%
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 of PVH CORP (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 earnings growth outlook for PVH CORP?
The Earnings per Share (EPS) of PVH CORP (PVH) is expected to decline by -6.45% 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%.