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%)
Taking everything into account, PVH scores 5 out of 10 in our fundamental rating. PVH was compared to 45 industry peers in the Textiles, Apparel & Luxury Goods industry. PVH has only an average score on both its financial health and profitability. A decent growth rate in combination with a cheap valuation! Better keep an eye on PVH.
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.
PVH had positive earnings in 4 of the past 5 years.
PVH had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
PVH has a Return On Assets (2.98%) which is comparable to the rest of the industry.
PVH has a Return On Equity (6.99%) which is in line with its industry peers.
The Return On Invested Capital of PVH (5.85%) is comparable to the rest of the industry.
The Average Return On Invested Capital over the past 3 years for PVH is below the industry average of 11.80%.
| 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.
With a decent Operating Margin value of 7.44%, PVH is doing good in the industry, outperforming 66.67% of the companies in the same industry.
In the last couple of years the Operating Margin of PVH has remained more or less at the same level.
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.
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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so PVH is destroying value.
PVH has less shares outstanding than it did 1 year ago.
PVH has less shares outstanding than it did 5 years ago.
PVH has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 2.16 indicates that PVH is not a great score, but indicates only limited risk for bankruptcy at the moment.
The Altman-Z score of PVH (2.16) is worse than 68.89% 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.
The Debt to FCF ratio of PVH (5.11) is comparable to the rest of the industry.
A Debt/Equity ratio of 0.46 indicates that PVH is not too dependend on debt financing.
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 | 2.16 |
ROIC/WACC0.56
WACC10.42%
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's Current ratio of 1.47 is on the low side compared to the rest of the industry. PVH is outperformed by 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.
The Quick ratio of PVH (0.72) is worse than 86.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.47 | ||
| Quick Ratio | 0.72 |
3. Growth
3.1 Past
PVH shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -10.57%.
PVH shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 4.27% yearly.
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.
PVH is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.55% yearly.
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.
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
The Price/Earnings ratio is 6.89, which indicates a rather cheap valuation of PVH.
Based on the Price/Earnings ratio, PVH is valued cheaper than 95.56% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.56, PVH is valued rather cheaply.
A Price/Forward Earnings ratio of 6.32 indicates a rather cheap valuation of PVH.
Compared to the rest of the industry, the Price/Forward Earnings ratio of PVH indicates a rather cheap valuation: PVH is cheaper than 97.78% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 23.79. PVH is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.89 | ||
| Fwd PE | 6.32 |
4.2 Price Multiples
PVH's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. PVH is cheaper than 82.22% of the companies in the same industry.
88.89% of the companies in the same industry are more expensive than PVH, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.2 | ||
| EV/EBITDA | 6.14 |
4.3 Compensation for Growth
PVH has a very decent profitability rating, which 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.
Compared to an average industry Dividend Yield of 1.48, PVH has a dividend in line with its industry peers.
With a Dividend Yield of 0.19, PVH pays less dividend than the S&P500 average, which is at 1.87.
| 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.
The dividend of PVH is growing, but earnings are growing more, so the dividend growth is 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 Change3.18%
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)0.63%
EPS NQ rev (1m)-2.18%
EPS NQ rev (3m)-1.67%
EPS NY rev (1m)-0.04%
EPS NY rev (3m)0.39%
Revenue NQ rev (1m)-0.48%
Revenue NQ rev (3m)-0.56%
Revenue NY rev (1m)-0.06%
Revenue NY rev (3m)-0.08%
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 | 6.14 |
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 | 2.16 |
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%.