PVH CORP (PVH) Stock Fundamental Analysis
NYSE:PVH - US6936561009 - Common Stock
85.33 USD
-0.63 (-0.73%)
85.33 USD
0 (0%)
We assign a fundamental rating of 5 out of 10 to PVH. PVH was compared to 49 industry peers in the Textiles, Apparel & Luxury Goods industry. PVH has only an average score on both its financial health and profitability. PVH is cheap, but on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
PVH had positive earnings in the past year.
In the past year PVH had a positive cash flow from operations.
Of the past 5 years PVH 4 years were profitable.
In the past 5 years PVH always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of PVH (3.77%) is comparable to the rest of the industry.
PVH has a Return On Equity (8.71%) which is in line with its industry peers.
The Return On Invested Capital of PVH (6.02%) 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 12.14%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.77% | ||
| ROE | 8.71% | ||
| ROIC | 6.02% |
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
PVH has a better Profit Margin (4.63%) than 65.31% of its industry peers.
PVH's Profit Margin has improved in the last couple of years.
PVH has a Operating Margin of 6.82%. This is comparable to the rest of the industry: PVH outperforms 48.98% of its industry peers.
In the last couple of years the Operating Margin of PVH has remained more or less at the same level.
PVH's Gross Margin of 58.79% is fine compared to the rest of the industry. PVH outperforms 73.47% of its industry peers.
PVH's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 6.82% | ||
| PM (TTM) | 4.63% | ||
| GM | 58.79% |
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.
Compared to 1 year ago, PVH has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 2.22 indicates that PVH is not a great score, but indicates only limited risk for bankruptcy at the moment.
The Altman-Z score of PVH (2.22) is worse than 71.43% of its industry peers.
The Debt to FCF ratio of PVH is 3.98, which is a good value as it means it would take PVH, 3.98 years of fcf income to pay off all of its debts.
PVH has a better Debt to FCF ratio (3.98) than 63.27% of its industry peers.
PVH has a Debt/Equity ratio of 0.40. This is a healthy value indicating a solid balance between debt and equity.
PVH has a Debt to Equity ratio of 0.40. This is comparable to the rest of the industry: PVH outperforms 53.06% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.4 | ||
| Debt/FCF | 3.98 | ||
| Altman-Z | 2.22 |
ROIC/WACC0.63
WACC9.51%
2.3 Liquidity
PVH has a Current Ratio of 1.11. This is a normal value and indicates that PVH is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 1.11, PVH is doing worse than 91.84% of the companies in the same industry.
PVH has a Quick Ratio of 1.11. 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 (0.53) than 95.92% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.11 | ||
| Quick Ratio | 0.53 |
3. Growth
3.1 Past
The earnings per share for PVH have decreased by -7.95% in the last year.
PVH shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 4.27% yearly.
PVH shows a decrease in Revenue. In the last year, the revenue decreased by -6.13%.
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)-7.95%
EPS 3Y5.03%
EPS 5Y4.27%
EPS Q2Q%-16.28%
Revenue 1Y (TTM)-6.13%
Revenue growth 3Y-1.86%
Revenue growth 5Y-2.67%
Sales Q2Q%4.48%
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 10.21% yearly.
PVH is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.68% yearly.
EPS Next Y-6.93%
EPS Next 2Y2.68%
EPS Next 3Y4.72%
EPS Next 5Y10.21%
Revenue Next Year2.44%
Revenue Next 2Y2.4%
Revenue Next 3Y2.62%
Revenue Next 5Y2.68%
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
With a Price/Earnings ratio of 7.67, the valuation of PVH can be described as very cheap.
87.76% of the companies in the same industry are more expensive than PVH, based on the Price/Earnings ratio.
PVH is valuated cheaply when we compare the Price/Earnings ratio to 26.84, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 6.88 indicates a rather cheap valuation of PVH.
Based on the Price/Forward Earnings ratio, PVH is valued cheaply inside the industry as 97.96% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of PVH to the average of the S&P500 Index (22.48), we can say PVH is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.67 | ||
| Fwd PE | 6.88 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, PVH is valued a bit cheaper than 71.43% of the companies in the same industry.
89.80% 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 | 6.96 | ||
| EV/EBITDA | 7.06 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)1.8
EPS Next 2Y2.68%
EPS Next 3Y4.72%
5. Dividend
5.1 Amount
With a yearly dividend of 0.17%, PVH is not a good candidate for dividend investing.
PVH's Dividend Yield is a higher than the industry average which is at 3.17.
Compared to an average S&P500 Dividend Yield of 2.32, PVH's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.17% |
5.2 History
The dividend of PVH has a limited annual growth rate of 0.18%.
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)0.18%
Div Incr Years0
Div Non Decr Years4
5.3 Sustainability
PVH pays out 2.06% of its income as dividend. This is a sustainable payout ratio.
PVH's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP2.06%
EPS Next 2Y2.68%
EPS Next 3Y4.72%
85.33
-0.63 (-0.73%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryTextiles, Apparel & Luxury Goods
Earnings (Last)
Earnings (Next)
Inst Owners118.64%
Inst Owner Change-0.5%
Ins Owners0.88%
Ins Owner Change14.37%
Market Cap4.10B
Analysts75.56
Price Target95.88 (12.36%)
Short Float %13.82%
Short Ratio5.17
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.17% |
Yearly Dividend0.16
Dividend Growth(5Y)0.18%
DP2.06%
Div Incr Years0
Div Non Decr Years4
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)0.96%
Min EPS beat(2)0.73%
Max EPS beat(2)1.19%
EPS beat(4)4
Avg EPS beat(4)11.97%
Min EPS beat(4)0.73%
Max EPS beat(4)30.12%
EPS beat(8)8
Avg EPS beat(8)10.07%
EPS beat(12)12
Avg EPS beat(12)12.75%
EPS beat(16)16
Avg EPS beat(16)23.88%
Revenue beat(2)2
Avg Revenue beat(2)1.07%
Min Revenue beat(2)0.62%
Max Revenue beat(2)1.51%
Revenue beat(4)3
Avg Revenue beat(4)0.52%
Min Revenue beat(4)-0.66%
Max Revenue beat(4)1.51%
Revenue beat(8)4
Avg Revenue beat(8)0.09%
Revenue beat(12)7
Avg Revenue beat(12)0.15%
Revenue beat(16)10
Avg Revenue beat(16)0.43%
PT rev (1m)0.17%
PT rev (3m)-5.04%
EPS NQ rev (1m)0.71%
EPS NQ rev (3m)-18%
EPS NY rev (1m)-0.37%
EPS NY rev (3m)-10.14%
Revenue NQ rev (1m)0.19%
Revenue NQ rev (3m)2.88%
Revenue NY rev (1m)-0.07%
Revenue NY rev (3m)2.05%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.67 | ||
| Fwd PE | 6.88 | ||
| P/S | 0.47 | ||
| P/FCF | 6.96 | ||
| P/OCF | 5.57 | ||
| P/B | 0.89 | ||
| P/tB | N/A | ||
| EV/EBITDA | 7.06 |
EPS(TTM)11.12
EY13.03%
EPS(NY)12.4
Fwd EY14.53%
FCF(TTM)12.27
FCFY14.37%
OCF(TTM)15.32
OCFY17.95%
SpS180.67
BVpS96.07
TBVpS-7.88
PEG (NY)N/A
PEG (5Y)1.8
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.77% | ||
| ROE | 8.71% | ||
| ROCE | 7.46% | ||
| ROIC | 6.02% | ||
| ROICexc | 6.17% | ||
| ROICexgc | 16.91% | ||
| OM | 6.82% | ||
| PM (TTM) | 4.63% | ||
| GM | 58.79% | ||
| FCFM | 6.79% |
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)23.93%
ROCE(3y)9.59%
ROCE(5y)7.9%
ROICexcg growth 3Y-15.07%
ROICexcg growth 5Y7.78%
ROICexc growth 3Y-11.77%
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 Turnover0.81
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.4 | ||
| Debt/FCF | 3.98 | ||
| Debt/EBITDA | 2.11 | ||
| Cap/Depr | 52.77% | ||
| Cap/Sales | 1.69% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 84.57% | ||
| Profit Quality | 146.56% | ||
| Current Ratio | 1.11 | ||
| Quick Ratio | 0.53 | ||
| Altman-Z | 2.22 |
F-Score5
WACC9.51%
ROIC/WACC0.63
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)-7.95%
EPS 3Y5.03%
EPS 5Y4.27%
EPS Q2Q%-16.28%
EPS Next Y-6.93%
EPS Next 2Y2.68%
EPS Next 3Y4.72%
EPS Next 5Y10.21%
Revenue 1Y (TTM)-6.13%
Revenue growth 3Y-1.86%
Revenue growth 5Y-2.67%
Sales Q2Q%4.48%
Revenue Next Year2.44%
Revenue Next 2Y2.4%
Revenue Next 3Y2.62%
Revenue Next 5Y2.68%
EBIT growth 1Y-35.86%
EBIT growth 3Y-14.8%
EBIT growth 5Y-2.1%
EBIT Next Year22.15%
EBIT Next 3Y9.85%
EBIT Next 5Y8.38%
FCF growth 1Y2176.06%
FCF growth 3Y-10.17%
FCF growth 5Y-2.92%
OCF growth 1Y175.52%
OCF growth 3Y-11.56%
OCF growth 5Y-6.2%