View ValuationPUMA 将来の成長Future 基準チェック /36PUMA利益と収益がそれぞれ年間76.3%と4.7%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に11.4% 77%なると予測されています。主要情報76.3%収益成長率77.02%EPS成長率Luxury 収益成長13.2%収益成長率4.7%将来の株主資本利益率11.44%アナリストカバレッジGood最終更新日18 May 2026今後の成長に関する最新情報Major Estimate Revision • Mar 01Consensus EPS estimates fall by 37%The consensus outlook for fiscal year 2026 has been updated. 2026 expected loss increased from -€1.24 to -€1.70 per share. Revenue forecast unchanged at €6.98b. Luxury industry in Germany expected to see average net income growth of 18% next year. Consensus price target up from €24.38 to €26.28. Share price rose 2.2% to €23.76 over the past week.Price Target Changed • Feb 27Price target increased by 7.8% to €26.28Up from €24.38, the current price target is an average from 17 analysts. New target price is 12% above last closing price of €23.57. Stock is down 18% over the past year. The company is forecast to post a net loss per share of €1.79 next year compared to a net loss per share of €4.57 last year.分析記事 • Nov 03Analysts Have Made A Financial Statement On PUMA SE's (ETR:PUM) Third-Quarter ReportIt's been a sad week for PUMA SE ( ETR:PUM ), who've watched their investment drop 16% to €18.42 in the week since the...Major Estimate Revision • Oct 02Consensus EPS estimates fall by 13%The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -€3.05 to -€3.46 per share. Revenue forecast unchanged at €7.54b. Luxury industry in Germany expected to see average net income growth of 16% next year. Consensus price target broadly unchanged at €24.27. Share price rose 2.2% to €21.55 over the past week.Price Target Changed • Jul 29Price target decreased by 9.4% to €26.85Down from €29.65, the current price target is an average from 21 analysts. New target price is 34% above last closing price of €20.10. Stock is down 57% over the past year. The company is forecast to post a net loss per share of €2.53 compared to earnings per share of €1.89 last year.Major Estimate Revision • Jul 29Consensus revenue estimates fall by 15%The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from €8.81b to €7.48b. Forecast loss of -€2.53, down from profit of €1.17 per share profit previously. Luxury industry in Germany expected to see average net income growth of 16% next year. Consensus price target of €26.40 unchanged from last update. Share price fell 13% to €20.10 over the past week.すべての更新を表示Recent updatesライブニュース • May 12Mike Ashley Takes 5.77% Stake in Puma and Confirms Role in JD Sports ShakeupFrasers Group founder Mike Ashley has become Puma’s second largest shareholder with a 5.77% stake, according to a March stock-exchange filing. In a rare interview, Ashley openly acknowledged that he aimed to unseat former JD Sports chair Peter Cowgill, confirming his active involvement in UK sports retail power dynamics. Ashley’s move into Puma comes against the backdrop of his long-running rivalry with JD Sports and its leadership. This new stake brings a high-profile, highly competitive retail investor into Puma’s shareholder base, which could influence how the company thinks about wholesale relationships, distribution and brand positioning over time. For investors, a key watchpoint is whether Ashley seeks greater influence or collaboration with Puma’s management, since shifts in governance or distribution strategy can affect the balance of risks and opportunities around the brand.Reported Earnings • May 02First quarter 2026 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2026 results: EPS: €0.18 (up from €0.003 in 1Q 2025). Revenue: €1.86b (down 10% from 1Q 2025). Net income: €26.5m (up €26.0m from 1Q 2025). Profit margin: 1.4% (up from 0% in 1Q 2025). Revenue exceeded analyst estimates by 2.7%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance.お知らせ • Apr 30+ 1 more updatePUMA SE Announces Chief Financial Officer ChangesPUMA SE appoints Mark Langer as Chief Financial Officer. The Supervisory Board of PUMA SE has appointed Mark Langer (57) as the new Chief Financial Officer, with effect from May 1, 2026. He will be responsible for Finance, Tax, Legal, Investor Relations and Internal Audit. Mark succeeds Markus Neubrand. PUMA and Markus Neubrand have mutually agreed that he will step down as CFO on April 30, 2026, and will leave the company on September 30, 2026. Mark Langer brings more than 25 years of international leadership experience in finance, strategy and general management, with a strong track record in driving performance and shaping global consumer brands in publicly listed environments. Most recently, he served as CFO and Member of the Managing Board at Douglas AG, where he led key transformation initiatives across the finance function to drive profitable growth. Prior to this, he spent over 17 years at HUGO BOSS AG serving as Chief Executive Officer (CEO) from 2016 to 2020 and as CFO from 2010 to 2017, where he delivered sustainable revenue and earnings growth. Mark began his career at McKinsey & Company and Procter & Gamble.お知らせ • Apr 10PUMA SE, Annual General Meeting, May 19, 2026PUMA SE, Annual General Meeting, May 19, 2026, at 11:00 W. Europe Standard Time.新しいナラティブ • Mar 29Direct To Consumer Shift And Brand Reset Will Support A Healthier Earnings ProfileCatalysts About PUMA PUMA is a global sports brand focused on performance footwear, apparel and accessories sold through wholesale and direct to consumer channels. What are the underlying business or industry changes driving this perspective?新しいナラティブ • Mar 14Premium Performance Partnerships And DTC Expansion Will Transform Long Term Brand And Earnings PowerCatalysts About PUMA PUMA designs, develops and sells athletic and sportstyle footwear, apparel and accessories worldwide. What are the underlying business or industry changes driving this perspective?Major Estimate Revision • Mar 01Consensus EPS estimates fall by 37%The consensus outlook for fiscal year 2026 has been updated. 2026 expected loss increased from -€1.24 to -€1.70 per share. Revenue forecast unchanged at €6.98b. Luxury industry in Germany expected to see average net income growth of 18% next year. Consensus price target up from €24.38 to €26.28. Share price rose 2.2% to €23.76 over the past week.新しいナラティブ • Feb 28Long Marketing Commitments And Costly Transformation Will Pressure Margins And Delay Any RecoveryCatalysts About PUMA PUMA designs, manufactures and sells sportswear, footwear and accessories for performance and sport-inspired lifestyle customers worldwide. What are the underlying business or industry changes driving this perspective?Buy Or Sell Opportunity • Feb 28Now 36% undervaluedOver the last 90 days, the stock has risen 18% to €23.57. The fair value is estimated to be €37.03, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.6% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to decline by 4.3% in a year. Earnings are forecast to grow by 63% in the next year.Price Target Changed • Feb 27Price target increased by 7.8% to €26.28Up from €24.38, the current price target is an average from 17 analysts. New target price is 12% above last closing price of €23.57. Stock is down 18% over the past year. The company is forecast to post a net loss per share of €1.79 next year compared to a net loss per share of €4.57 last year.Reported Earnings • Feb 27Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: €4.57 loss per share (down from €1.89 profit in FY 2024). Revenue: €7.30b (down 17% from FY 2024). Net loss: €673.9m (down 339% from profit in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 14%. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance.Buy Or Sell Opportunity • Jan 25Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 15% to €18.50. The fair value is estimated to be €23.65, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to decline by 13% in a year. Earnings are forecast to grow by 25% in the next year.分析記事 • Jan 05Should You Investigate PUMA SE (ETR:PUM) At €22.40?PUMA SE ( ETR:PUM ), is not the largest company out there, but it led the XTRA gainers with a relatively large price...Buy Or Sell Opportunity • Dec 15Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 13% to €22.60. The fair value is estimated to be €18.63, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to decline by 11% in a year. Earnings are forecast to grow by 39% in the next year.お知らせ • Nov 27Anta Sports Reportedly Exploring Bid for PumaChinese sportswear maker ANTA Sports Products Limited (SEHK:2020) is among firms exploring a potential takeover of German sportswear brand PUMA SE (XTRA:PUM), Bloomberg News reported on November 27, 2025. Hong Kong-listed Anta has been working with an adviser to evaluate a bid for Puma, and the company may team up with a private equity firm if it decides to move forward with an offer, the Bloomberg report said, citing people familiar with the matter. Other potential bidders could include Chinese sportswear group Li Ning Company Limited (SEHK:2331), which has been discussing financing options with banks as it takes an early look at Puma, according to the report. Puma may also attract interest from Japanese sportswear company ASICS Corporation (TSE:7936), the report said. Anta Sports, Puma, and Asics did not immediately respond to Reuters‘ requests for comment. Li-Ning said in an emailed statement to Reuters that the company “has not engaged in any substantive negotiations or evaluations regarding the transaction mentioned in the news”, adding that the company continues to focus on the growth and development of its brand. Puma’s biggest shareholder Artemis, the privately-owned holding company that controls Gucci owner Kering, has said it is considering all options for its 29% stake, though a source close to the firm told Reuters in September it would not sell at the market value then. Puma’s market valuation is currently at EUR 2,520 million ($2,920 million), according to LSEG data. The Pinault family, which controls Artemis, acquired its Puma stake in 2018 from Kering when the luxury group transformed into a pure luxury player focused on brands like Gucci and Saint Laurent.分析記事 • Nov 08PUMA SE (ETR:PUM) May Have Run Too Fast Too Soon With Recent 29% Price PlummetPUMA SE ( ETR:PUM ) shares have had a horrible month, losing 29% after a relatively good period beforehand. For any...分析記事 • Nov 03Analysts Have Made A Financial Statement On PUMA SE's (ETR:PUM) Third-Quarter ReportIt's been a sad week for PUMA SE ( ETR:PUM ), who've watched their investment drop 16% to €18.42 in the week since the...Reported Earnings • Oct 31Third quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2025 results: €0.42 loss per share (down from €0.85 profit in 3Q 2024). Revenue: €1.96b (down 15% from 3Q 2024). Net loss: €62.3m (down 149% from profit in 3Q 2024). Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) exceeded analyst estimates by 34%. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings.お知らせ • Oct 30+ 3 more updatesPUMA SE to Report Q3, 2026 Results on Oct 29, 2026PUMA SE announced that they will report Q3, 2026 results on Oct 29, 2026分析記事 • Oct 21These 4 Measures Indicate That PUMA (ETR:PUM) Is Using Debt ExtensivelyDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Major Estimate Revision • Oct 02Consensus EPS estimates fall by 13%The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -€3.05 to -€3.46 per share. Revenue forecast unchanged at €7.54b. Luxury industry in Germany expected to see average net income growth of 16% next year. Consensus price target broadly unchanged at €24.27. Share price rose 2.2% to €21.55 over the past week.お知らせ • Sep 22PUMA SE(XTRA:PUM) dropped from FTSE All-World Index (USD)PUMA SE(XTRA:PUM) dropped from FTSE All-World Index (USD)お知らせ • Sep 08PUMA Unveils The Future of Fast for Tokyo World Athletics Championships 2025PUMA has revealed The Future of Fast - a bold vision for innovation that will be brought to life through a series of athlete events and cutting-edge experiences in the Japanese capital. Featuring unique testimony from the fastest athletes in the world, and data-backed product analysis from the PUMA Innovation team, these moments will celebrate the athletes trailblazing their sports, and evidence how PUMA is collaborating with them to pioneer The Future of Fast. The NITRO™? LAB is home to a futuristic lineup of road running, and track & field concept cars, a fully functioning running economy lab, as well as newly released colourways of PUMA's fastest racingay products - including the most talked about racingay shoe of the year, Fast-R NITRO™? Elite 3. The NITRO®? LAB will open on Saturday, 13 September from 10:00 to 16:00. Address: 5-chome-4-48 Minamiaoyama, Minato City, Tokyo 107-0062, Japan. Fans will also be able to witness The Future of Fast in real time, as more than 140 PUMA athletes get set to compete in Tokyo. They include the reigning women's 100m Olympic Champion Julien Alfred, men's 400m hurdles world record holder Karsten Warholm, 13-time pole vault world record holder Mondo Duplantis, Japanese print-sensation Hakim Sani-Brown and reigning women's high jump world champion Yaroslava Mahuchikh. There will also be significant PUMA representation on the road, with German national record holder Amanal Petros leading the charge in the marathon, reaffirming PUMA's commitment to speed and performance across multiple disciplines. Since 1948, PUMA has been driven by innovation--working with athletes to develop new technologies and products that push the limits of speed and help them achieve their personal bests, on the world's biggest stages. This heritage has a significant connection to Japan, as the location of PUMA's first world record matching 100m print by Heinz Futterer (1954), and where the legendary Abebe Bikila became the first person to win back-to-back Olympic marathons (1960 & 1964). PUMA continues to build a legacy of firsts, shaping sports culture, and creating iconic moments in sports history - of which are certain to witness more over the coming weeks in Tokyo.分析記事 • Sep 04Estimating The Intrinsic Value Of PUMA SE (ETR:PUM)Key Insights PUMA's estimated fair value is €22.27 based on 2 Stage Free Cash Flow to Equity PUMA's €19.94 share price...お知らせ • Aug 26Pinault Family Reportedly Seeks Potential Buyers for PumaThe Pinault family has reached out to potential buyers of PUMA SE (XTRA:PUM) after the German sports brand lost about half of its market value in the past year, according to people familiar with the matter. The billionaire family, which owns a 29% stake in Frankfurt-listed Puma through Artemis, is working with advisers, possibly with a view to triggering a sale of the company, the people said, asking not to be identified because the deliberations are private. They have reached out to prospective bidders including ANTA Sports Products Limited (SEHK:2020) and Li Ning Company Limited (SEHK:2331) to gauge interest in buying Puma, the people said, adding they have also sounded out other sportswear firms in the US, as well as sovereign wealth funds in the Middle East. Puma shares surged as much as 20% in German trading following the report, the most since October 2001. It has a market value of about EUR 3.3 billion. The family is likely to seek a sizable premium in any deal, the people said. Artemis is also the controlling shareholder of Kering. Deliberations are ongoing and there is no guarantee a transaction will happen, the people said. A spokesperson for Puma declined to comment, while representatives for Artemis, Anta and Li Ning didn't respond to requests seeking comment.New Risk • Aug 25New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 8.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 331% Minor Risks High level of debt (50% net debt to equity). Share price has been volatile over the past 3 months (8.1% average weekly change).Buy Or Sell Opportunity • Aug 11Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 29% to €17.25. The fair value is estimated to be €21.70, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to decline by 10% in a year. Earnings are forecast to decline by 30% in the next year.New Risk • Aug 01New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. Cash payout ratio: 335% Dividend yield: 3.3% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 335% Minor Risk High level of debt (50% net debt to equity).Reported Earnings • Aug 01Second quarter 2025 earnings: EPS and revenues miss analyst expectationsSecond quarter 2025 results: €1.67 loss per share (down from €0.28 profit in 2Q 2024). Revenue: €1.94b (down 8.3% from 2Q 2024). Net loss: €247.0m (down €288.9m from profit in 2Q 2024). Revenue missed analyst estimates by 5.7%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has fallen by 33% per year whereas the company’s share price has fallen by 35% per year.Valuation Update With 7 Day Price Move • Jul 30Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to €19.42, the stock trades at a trailing P/E ratio of 14.7x. Average forward P/E is 15x in the Luxury industry in Germany. Total loss to shareholders of 69% over the past three years.Price Target Changed • Jul 29Price target decreased by 9.4% to €26.85Down from €29.65, the current price target is an average from 21 analysts. New target price is 34% above last closing price of €20.10. Stock is down 57% over the past year. The company is forecast to post a net loss per share of €2.53 compared to earnings per share of €1.89 last year.Major Estimate Revision • Jul 29Consensus revenue estimates fall by 15%The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from €8.81b to €7.48b. Forecast loss of -€2.53, down from profit of €1.17 per share profit previously. Luxury industry in Germany expected to see average net income growth of 16% next year. Consensus price target of €26.40 unchanged from last update. Share price fell 13% to €20.10 over the past week.分析記事 • Jul 10These 4 Measures Indicate That PUMA (ETR:PUM) Is Using Debt ExtensivelyLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...分析記事 • Jun 27Why PUMA SE (ETR:PUM) Could Be Worth WatchingWhile PUMA SE ( ETR:PUM ) might not have the largest market cap around , it led the XTRA gainers with a relatively...分析記事 • May 25The Returns At PUMA (ETR:PUM) Aren't GrowingIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...Upcoming Dividend • May 15Upcoming dividend of €0.61 per shareEligible shareholders must have bought the stock before 22 May 2025. Payment date: 26 May 2025. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of German dividend payers (4.4%). Higher than average of industry peers (1.2%).分析記事 • May 10PUMA SE (ETR:PUM) First-Quarter Results: Here's What Analysts Are Forecasting For This YearPUMA SE ( ETR:PUM ) shareholders are probably feeling a little disappointed, since its shares fell 2.1% to €22.57 in...Reported Earnings • May 09First quarter 2025 earnings released: EPS: €0.003 (vs €0.58 in 1Q 2024)First quarter 2025 results: EPS: €0.003 (down from €0.58 in 1Q 2024). Revenue: €2.08b (down 1.3% from 1Q 2024). Net income: €500.0k (down 99% from 1Q 2024). Profit margin: 0% (down from 4.2% in 1Q 2024). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has fallen by 30% per year, which means it is performing significantly worse than earnings.分析記事 • May 09Estimating The Intrinsic Value Of PUMA SE (ETR:PUM)Key Insights PUMA's estimated fair value is €27.42 based on 2 Stage Free Cash Flow to Equity Current share price of...分析記事 • May 09There's No Escaping PUMA SE's (ETR:PUM) Muted Earnings Despite A 29% Share Price RiseThose holding PUMA SE ( ETR:PUM ) shares would be relieved that the share price has rebounded 29% in the last thirty...お知らせ • Apr 14PUMA SE, Annual General Meeting, May 21, 2025PUMA SE, Annual General Meeting, May 21, 2025, at 11:00 W. Europe Standard Time.分析記事 • Apr 09PUMA (ETR:PUM) Has Announced That Its Dividend Will Be Reduced To €0.61PUMA SE's ( ETR:PUM ) dividend is being reduced from last year's payment covering the same period to €0.61 on the 26th...Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to €18.70, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 14x in the Luxury industry in Europe. Total loss to shareholders of 73% over the past three years.お知らせ • Apr 04+ 1 more updatePuma Announces Chief Executive ChangesPuma announced that it has appointed Arthur Hoeld as its new chief executive as the current head Arne Freundt steps down. Hoeld will take on the position from July 1, 2025. Freundt will end his term on April 11, 2025 after 14 years in various leadership positions, due to differing views on strategy execution. Hoeld was an executive board member of Adidas responsible for global sales until October 2024. A sports fanatic, ex-handball player and athlete, he joined Adidas in 1998 and held various leadership positions within the sports company, including roles in marketing, brand strategy, and management leadership of the Europe, Middle East and Africa regions.分析記事 • Mar 15The Market Doesn't Like What It Sees From PUMA SE's (ETR:PUM) Earnings Yet As Shares Tumble 26%Unfortunately for some shareholders, the PUMA SE ( ETR:PUM ) share price has dived 26% in the last thirty days...Declared Dividend • Mar 14Dividend reduced to €0.61Dividend of €0.61 is 26% lower than last year. Ex-date: 22nd May 2025 Payment date: 26th May 2025 Dividend yield will be 2.7%, which is higher than the industry average of 0.8%. Sustainability & Growth Dividend is well covered by both earnings (32% earnings payout ratio) and cash flows (21% cash payout ratio). The dividend has increased by an average of 28% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 47% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Mar 13Third quarter 2024 earnings released: EPS: €0.85 (vs €0.88 in 3Q 2023)Third quarter 2024 results: EPS: €0.85 (down from €0.88 in 3Q 2023). Revenue: €2.31b (flat on 3Q 2023). Net income: €127.8m (down 3.0% from 3Q 2023). Profit margin: 5.5% (down from 5.7% in 3Q 2023). Revenue is forecast to grow 5.0% p.a. on average during the next 4 years, compared to a 7.5% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 34% per year, which means it is performing significantly worse than earnings.お知らせ • Mar 13PUMA SE Proposes Dividend for the Financial Year 2024The Management Board and the Supervisory Board of PUMA SE to propose to the Annual General Meeting on 21 May 2025 the distribution of a dividend of €0.61 per share for the financial year 2024 (FY 2023: €0.82). This corresponds to a dividend payout ratio of 32.2% (FY 2023: 40.3%) of the Group’s net income and is in line with the dividend policy payout ratio of 25% – 40%. The payment of the dividend is scheduled for the days following the Annual General Meeting when the dividend will be approved.Major Estimate Revision • Mar 13Consensus EPS estimates fall by 32%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from €9.42b to €9.16b. EPS estimate also fell from €2.38 per share to €1.62 per share. Net income forecast to grow 3.1% next year vs 17% growth forecast for Luxury industry in Germany. Consensus price target down from €44.47 to €35.04. Share price fell 25% to €22.12 over the past week.お知らせ • Mar 13Puma Se Provides Earnings Guidance for the Year 2025PUMA SE provided earnings guidance for the year 2025. For the year, currency-adjusted sales growth at low- to mid-single digit percentage rate.Price Target Changed • Mar 13Price target decreased by 9.0% to €40.47Down from €44.47, the current price target is an average from 21 analysts. New target price is 78% above last closing price of €22.75. Stock is down 46% over the past year. The company is forecast to post earnings per share of €1.91 for next year compared to €2.03 last year.Valuation Update With 7 Day Price Move • Mar 12Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to €22.75, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 16x in the Luxury industry in Europe. Total loss to shareholders of 69% over the past three years.分析記事 • Mar 11When Should You Buy PUMA SE (ETR:PUM)?PUMA SE ( ETR:PUM ), might not be a large cap stock, but it saw significant share price movement during recent months...お知らせ • Mar 01PUMA Hoops & RJ Barrett Release Latest All-Pro Nitro™? PEPUMA announced the release of the highly anticipated RJ Barrett All-Pro Nitro™? Player Edition, designed in collaboration with NBA star RJ Barrett. This player exclusive shoe embodies Barrett's explosive playing style and dedication to his city, combining cutting-edge technology with a design that pays homage to his roots. The RJ Barrett All-Pro Nitra™? PE features NITRO™? SQD foam technology, providing a perfect balance of cushioning and responsiveness. The innovative dual-layer foam system features a soft inner layer for comfort and impact absorption, while a firm outer layer delivers targeted lateral stability for quick cuts and multi-directional movements. The shoe's engineered mesh upper offers breathability and support, ensuring comfort during intense gameplay. Aord lock-down lacing system in the forefoot enhances lateral stability, extending down to the midsole for targeted support. The high-abrasion outsole provides exceptional traction for quick cuts and explosive movements, giving players the confidence to dominate on the court. This PE edition is packed with details meaningful to RJ Barrett, including a colorway that nods to his home team's retro jerseys.分析記事 • Feb 08We Think PUMA (ETR:PUM) Can Stay On Top Of Its DebtHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Price Target Changed • Jan 28Price target decreased by 12% to €46.14Down from €52.20, the current price target is an average from 21 analysts. New target price is 45% above last closing price of €31.83. Stock is down 16% over the past year. The company is forecast to post earnings per share of €1.89 for next year compared to €2.03 last year.Major Estimate Revision • Jan 27Consensus EPS estimates fall by 10%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from €2.11 to €1.89 per share. Revenue forecast steady at €8.82b. Net income forecast to grow 36% next year vs 13% growth forecast for Luxury industry in Germany. Consensus price target down from €52.20 to €48.81. Share price fell 21% to €31.75 over the past week.分析記事 • Jan 24Investors Give PUMA SE (ETR:PUM) Shares A 28% HidingPUMA SE ( ETR:PUM ) shareholders that were waiting for something to happen have been dealt a blow with a 28% share...New Risk • Jan 23New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 4.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (4.4% average weekly change).Valuation Update With 7 Day Price Move • Jan 23Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to €32.31, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 15x in the Luxury industry in Europe. Total loss to shareholders of 63% over the past three years.分析記事 • Dec 27Returns On Capital At PUMA (ETR:PUM) Have Hit The BrakesThere are a few key trends to look for if we want to identify the next multi-bagger. Firstly, we'd want to identify a...お知らせ • Nov 26PUMA SE to Report Q2, 2025 Results on Jul 31, 2025PUMA SE announced that they will report Q2, 2025 results on Jul 31, 2025お知らせ • Nov 25+ 2 more updatesPUMA SE to Report Q1, 2025 Results on May 08, 2025PUMA SE announced that they will report Q1, 2025 results on May 08, 2025分析記事 • Nov 24At €43.83, Is It Time To Put PUMA SE (ETR:PUM) On Your Watch List?PUMA SE ( ETR:PUM ), is not the largest company out there, but it led the XTRA gainers with a relatively large price...分析記事 • Nov 10Analysts Have Made A Financial Statement On PUMA SE's (ETR:PUM) Third-Quarter ReportPUMA SE ( ETR:PUM ) just released its latest quarterly report and things are not looking great. PUMA missed analyst...分析記事 • Nov 08PUMA SE's (ETR:PUM) P/E Is Still On The Mark Following 27% Share Price BouncePUMA SE ( ETR:PUM ) shareholders have had their patience rewarded with a 27% share price jump in the last month...Reported Earnings • Nov 07Third quarter 2024 earnings: EPS and revenues miss analyst expectationsThird quarter 2024 results: EPS: €0.85 (down from €0.88 in 3Q 2023). Revenue: €2.31b (flat on 3Q 2023). Net income: €127.8m (down 3.0% from 3Q 2023). Profit margin: 5.5% (down from 5.7% in 3Q 2023). Revenue missed analyst estimates by 2.6%. Earnings per share (EPS) also missed analyst estimates by 4.8%. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 25% per year, which means it is performing significantly worse than earnings.分析記事 • Oct 21Here's Why PUMA (ETR:PUM) Can Manage Its Debt ResponsiblyWarren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...お知らせ • Sep 26PUMA SE Announces CFO ChangesPUMA SE named Markus Neubrand as its new chief financial officer and member of its management board. Neubrand begins his new role effective October 1 and will succeed Hubert Hinterseher, who has mutually agreed with the company to step down from his role on September 30. Hinterseher's contract will end on December 31, it said. Starting on October 1, PUMA's management board will consist of chief executive officer Arne Freundt, Neubrand, chief product officer Maria Valdes and chief security officer Anne-Laure Descours. Neubrand most recently held the chief financial position at GUESS Inc. and before that for the luxury fashion brand MCM Worldwide. Previously, he was chief operating and chief financial officer at premium fashion company HUGO BOSS for its key region Americas.分析記事 • Sep 23Is PUMA SE (ETR:PUM) Trading At A 36% Discount?Key Insights PUMA's estimated fair value is €55.12 based on 2 Stage Free Cash Flow to Equity PUMA is estimated to be...分析記事 • Sep 10PUMA SE's (ETR:PUM) Share Price Matching Investor OpinionWhen close to half the companies in Germany have price-to-earnings ratios (or "P/E's") below 16x, you may consider PUMA...お知らせ • Aug 28PUMA SE Announces Executive ChangesPUMA has appointed Indrajeet Sen (38) as Senior Vice President PUMA Group Sourcing, taking over the operational responsibilities of the Chief Sourcing Officer role. PUMA’s Chief Sourcing Officer Anne-Laure Descours has decided not to extend her board contract and will support the company as an external advisor in the field of sustainability. In his new position, Indy will oversee the global sourcing and development of footwear, apparel, and accessories, as well as operations and sustainability, reporting directly to PUMA Chief Product Officer Maria Valdes. He will be based in Xiamen, China. Indy has been with PUMA since 2016, most recently working as Vice President of Sourcing and Development Footwear. Before joining PUMA, he worked as Global Quality Manager for German footwear retailer Deichmann. Anne-Laure Descours has decided after more than 12 years with PUMA that she will not extend her services as a Board Member of PUMA SE. After more than 35 years in the industry, she intends to dedicate more time to her personal interests and continue her professional focus in the fields of sustainability. In this capacity, she will continue to support PUMA as external advisor and sustainability consultant to ensure continuity and a seamless transition. With Anne-Laure’s departure at the end of 2024, the number of members of the management board will be reduced from four to three. The board will consist of Arne Freundt, CEO, Hubert Hinterseher, Chief Financial Officer and Maria Valdes, Chief Product Officer.分析記事 • Aug 25Should You Think About Buying PUMA SE (ETR:PUM) Now?PUMA SE ( ETR:PUM ), might not be a large cap stock, but it saw significant share price movement during recent months...Price Target Changed • Aug 16Price target decreased by 7.4% to €50.05Down from €54.05, the current price target is an average from 21 analysts. New target price is 35% above last closing price of €37.14. Stock is down 40% over the past year. The company is forecast to post earnings per share of €2.18 for next year compared to €2.03 last year.お知らせ • Aug 16PUMA Appoints Johan Kuhlo as Managing Director GCCPUMA has appointed Johan Kuhlo (43) as the Managing Director GCC. Starting September 1, he will oversee the major markets UAE and Saudi Arabia, as well as Qatar, Kuwait and Oman. He will report directly to PUMA CEO Arne Freundt. Johan, who has been with PUMA since 2015, has held various positions in the company including Head of Corporate Strategy and Investor Relations. Most recently, he worked as Managing Director EEMEA Distribution, where he oversaw more than 40 Markets in Eastern Europe, the Middle East and Africa.分析記事 • Aug 12PUMA SE Just Missed Earnings - But Analysts Have Updated Their ModelsIt's been a sad week for PUMA SE ( ETR:PUM ), who've watched their investment drop 20% to €34.91 in the week since the...Reported Earnings • Aug 08Second quarter 2024 earnings: EPS misses analyst expectationsSecond quarter 2024 results: EPS: €0.28 (down from €0.37 in 2Q 2023). Revenue: €2.12b (flat on 2Q 2023). Net income: €41.9m (down 24% from 2Q 2023). Profit margin: 2.0% (down from 2.6% in 2Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 15%. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 30% per year, which means it is performing significantly worse than earnings.分析記事 • Jul 24PUMA (ETR:PUM) Hasn't Managed To Accelerate Its ReturnsWhat trends should we look for it we want to identify stocks that can multiply in value over the long term? One common...分析記事 • Jun 10Calculating The Fair Value Of PUMA SE (ETR:PUM)Key Insights PUMA's estimated fair value is €42.15 based on 2 Stage Free Cash Flow to Equity Current share price of...分析記事 • May 26Is Now The Time To Look At Buying PUMA SE (ETR:PUM)?While PUMA SE ( ETR:PUM ) might not have the largest market cap around , it saw a significant share price rise of 22...Price Target Changed • May 16Price target increased by 7.4% to €54.55Up from €50.79, the current price target is an average from 21 analysts. New target price is 5.4% above last closing price of €51.74. Stock is up 4.6% over the past year. The company is forecast to post earnings per share of €2.41 for next year compared to €2.03 last year.Upcoming Dividend • May 16Upcoming dividend of €0.82 per shareEligible shareholders must have bought the stock before 23 May 2024. Payment date: 27 May 2024. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of German dividend payers (4.6%). Higher than average of industry peers (0.7%).分析記事 • May 12PUMA SE's (ETR:PUM) 26% Jump Shows Its Popularity With InvestorsThe PUMA SE ( ETR:PUM ) share price has done very well over the last month, posting an excellent gain of 26%. While...Reported Earnings • May 09First quarter 2024 earnings released: EPS: €0.58 (vs €0.78 in 1Q 2023)First quarter 2024 results: EPS: €0.58 (down from €0.78 in 1Q 2023). Revenue: €2.10b (down 3.9% from 1Q 2023). Net income: €87.3m (down 26% from 1Q 2023). Profit margin: 4.2% (down from 5.4% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings.Buy Or Sell Opportunity • May 09Now 32% overvalued after recent price riseOver the last 90 days, the stock has risen 23% to €50.14. The fair value is estimated to be €37.91, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 5.5%. For the next 3 years, revenue is forecast to grow by 6.8% per annum. Earnings are also forecast to grow by 18% per annum over the same time period.分析記事 • May 08These 4 Measures Indicate That PUMA (ETR:PUM) Is Using Debt Reasonably WellDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...分析記事 • Apr 25PUMA (ETR:PUM) Is Due To Pay A Dividend Of €0.82The board of PUMA SE ( ETR:PUM ) has announced that it will pay a dividend of €0.82 per share on the 27th of May. Based...分析記事 • Apr 10PUMA (ETR:PUM) Hasn't Managed To Accelerate Its ReturnsIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'll...分析記事 • Mar 27PUMA SE's (ETR:PUM) P/E Still Appears To Be ReasonableWhen close to half the companies in Germany have price-to-earnings ratios (or "P/E's") below 16x, you may consider PUMA...分析記事 • Mar 01Analysts Are Updating Their PUMA SE (ETR:PUM) Estimates After Its Full-Year ResultsLast week saw the newest annual earnings release from PUMA SE ( ETR:PUM ), an important milestone in the company's...Reported Earnings • Feb 29Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: €2.04 (down from €2.36 in FY 2022). Revenue: €8.60b (up 1.6% from FY 2022). Net income: €304.9m (down 14% from FY 2022). Profit margin: 3.5% (down from 4.2% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.0%. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings.業績と収益の成長予測XTRA:PUM - アナリストの将来予測と過去の財務データ ( )EUR Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/20287,819175250N/A1312/31/20277,42655193N/A1712/31/20266,949-223191N/A153/31/20267,170-637N/AN/AN/A12/31/20257,296-674-526-319N/A9/30/20257,758-356N/AN/AN/A6/30/20258,110-16627269N/A3/31/20258,286123N/AN/AN/A12/31/20248,398220432695N/A9/30/20248,510258N/AN/AN/A6/30/20248,513262495763N/A3/31/20248,516275N/AN/AN/A12/31/20238,602305353654N/A9/30/20238,816305N/AN/AN/A6/30/20238,859320-24287N/A3/31/20238,741349N/AN/AN/A12/31/20228,465354155418N/A9/30/20228,036360N/AN/AN/A6/30/20227,582357266462N/A3/31/20227,169322N/AN/AN/A12/31/20216,805310258460N/A9/30/20216,558326N/AN/AN/A6/30/20216,241296500679N/A3/31/20215,483152N/AN/AN/A12/31/20205,23479271422N/A9/30/20205,19372N/AN/AN/A6/30/20205,08759228396N/A3/31/20205,483204N/AN/AN/A12/31/20195,502262N/A549N/A9/30/20195,250256N/AN/AN/A6/30/20195,014233N/A347N/A3/31/20194,837214N/AN/AN/A12/31/20184,648187N/A278N/A9/30/20184,462178N/AN/AN/A6/30/20184,342163N/A260N/A3/31/20184,262154N/AN/AN/A12/31/20174,136136N/A239N/A9/30/20174,054129N/AN/AN/A6/30/20173,922107N/A131N/A3/31/20173,78086N/AN/AN/A12/31/20163,62762N/A131N/A9/30/20163,54763N/AN/AN/A6/30/20163,47243N/A30N/A3/31/20163,41838N/AN/AN/A12/31/20153,38737N/A-37N/A9/30/20153,25937N/A-32N/A6/30/20153,18846N/A23N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: PUMは今後 3 年間で収益性が向上すると予測されており、これは 貯蓄率 ( 1.9% ) よりも高い成長率であると考えられます。収益対市場: PUM今後 3 年間で収益性が向上すると予想されており、これは市場平均を上回る成長と考えられます。高成長収益: PUM今後 3 年以内に収益を上げることが予想されます。収益対市場: PUMの収益 ( 4.7% ) German市場 ( 6.7% ) よりも低い成長が予測されています。高い収益成長: PUMの収益 ( 4.7% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: PUMの 自己資本利益率 は、3年後には低くなると予測されています ( 11.4 %)。成長企業の発掘7D1Y7D1Y7D1YConsumer-durables 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/20 01:14終値2026/05/20 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋PUMA SE 17 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。37 アナリスト機関Volker BosseBaader Helvea Equity ResearchJulian EasthopeBarclaysLicong LiuBarclays34 その他のアナリストを表示
Major Estimate Revision • Mar 01Consensus EPS estimates fall by 37%The consensus outlook for fiscal year 2026 has been updated. 2026 expected loss increased from -€1.24 to -€1.70 per share. Revenue forecast unchanged at €6.98b. Luxury industry in Germany expected to see average net income growth of 18% next year. Consensus price target up from €24.38 to €26.28. Share price rose 2.2% to €23.76 over the past week.
Price Target Changed • Feb 27Price target increased by 7.8% to €26.28Up from €24.38, the current price target is an average from 17 analysts. New target price is 12% above last closing price of €23.57. Stock is down 18% over the past year. The company is forecast to post a net loss per share of €1.79 next year compared to a net loss per share of €4.57 last year.
分析記事 • Nov 03Analysts Have Made A Financial Statement On PUMA SE's (ETR:PUM) Third-Quarter ReportIt's been a sad week for PUMA SE ( ETR:PUM ), who've watched their investment drop 16% to €18.42 in the week since the...
Major Estimate Revision • Oct 02Consensus EPS estimates fall by 13%The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -€3.05 to -€3.46 per share. Revenue forecast unchanged at €7.54b. Luxury industry in Germany expected to see average net income growth of 16% next year. Consensus price target broadly unchanged at €24.27. Share price rose 2.2% to €21.55 over the past week.
Price Target Changed • Jul 29Price target decreased by 9.4% to €26.85Down from €29.65, the current price target is an average from 21 analysts. New target price is 34% above last closing price of €20.10. Stock is down 57% over the past year. The company is forecast to post a net loss per share of €2.53 compared to earnings per share of €1.89 last year.
Major Estimate Revision • Jul 29Consensus revenue estimates fall by 15%The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from €8.81b to €7.48b. Forecast loss of -€2.53, down from profit of €1.17 per share profit previously. Luxury industry in Germany expected to see average net income growth of 16% next year. Consensus price target of €26.40 unchanged from last update. Share price fell 13% to €20.10 over the past week.
ライブニュース • May 12Mike Ashley Takes 5.77% Stake in Puma and Confirms Role in JD Sports ShakeupFrasers Group founder Mike Ashley has become Puma’s second largest shareholder with a 5.77% stake, according to a March stock-exchange filing. In a rare interview, Ashley openly acknowledged that he aimed to unseat former JD Sports chair Peter Cowgill, confirming his active involvement in UK sports retail power dynamics. Ashley’s move into Puma comes against the backdrop of his long-running rivalry with JD Sports and its leadership. This new stake brings a high-profile, highly competitive retail investor into Puma’s shareholder base, which could influence how the company thinks about wholesale relationships, distribution and brand positioning over time. For investors, a key watchpoint is whether Ashley seeks greater influence or collaboration with Puma’s management, since shifts in governance or distribution strategy can affect the balance of risks and opportunities around the brand.
Reported Earnings • May 02First quarter 2026 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2026 results: EPS: €0.18 (up from €0.003 in 1Q 2025). Revenue: €1.86b (down 10% from 1Q 2025). Net income: €26.5m (up €26.0m from 1Q 2025). Profit margin: 1.4% (up from 0% in 1Q 2025). Revenue exceeded analyst estimates by 2.7%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance.
お知らせ • Apr 30+ 1 more updatePUMA SE Announces Chief Financial Officer ChangesPUMA SE appoints Mark Langer as Chief Financial Officer. The Supervisory Board of PUMA SE has appointed Mark Langer (57) as the new Chief Financial Officer, with effect from May 1, 2026. He will be responsible for Finance, Tax, Legal, Investor Relations and Internal Audit. Mark succeeds Markus Neubrand. PUMA and Markus Neubrand have mutually agreed that he will step down as CFO on April 30, 2026, and will leave the company on September 30, 2026. Mark Langer brings more than 25 years of international leadership experience in finance, strategy and general management, with a strong track record in driving performance and shaping global consumer brands in publicly listed environments. Most recently, he served as CFO and Member of the Managing Board at Douglas AG, where he led key transformation initiatives across the finance function to drive profitable growth. Prior to this, he spent over 17 years at HUGO BOSS AG serving as Chief Executive Officer (CEO) from 2016 to 2020 and as CFO from 2010 to 2017, where he delivered sustainable revenue and earnings growth. Mark began his career at McKinsey & Company and Procter & Gamble.
お知らせ • Apr 10PUMA SE, Annual General Meeting, May 19, 2026PUMA SE, Annual General Meeting, May 19, 2026, at 11:00 W. Europe Standard Time.
新しいナラティブ • Mar 29Direct To Consumer Shift And Brand Reset Will Support A Healthier Earnings ProfileCatalysts About PUMA PUMA is a global sports brand focused on performance footwear, apparel and accessories sold through wholesale and direct to consumer channels. What are the underlying business or industry changes driving this perspective?
新しいナラティブ • Mar 14Premium Performance Partnerships And DTC Expansion Will Transform Long Term Brand And Earnings PowerCatalysts About PUMA PUMA designs, develops and sells athletic and sportstyle footwear, apparel and accessories worldwide. What are the underlying business or industry changes driving this perspective?
Major Estimate Revision • Mar 01Consensus EPS estimates fall by 37%The consensus outlook for fiscal year 2026 has been updated. 2026 expected loss increased from -€1.24 to -€1.70 per share. Revenue forecast unchanged at €6.98b. Luxury industry in Germany expected to see average net income growth of 18% next year. Consensus price target up from €24.38 to €26.28. Share price rose 2.2% to €23.76 over the past week.
新しいナラティブ • Feb 28Long Marketing Commitments And Costly Transformation Will Pressure Margins And Delay Any RecoveryCatalysts About PUMA PUMA designs, manufactures and sells sportswear, footwear and accessories for performance and sport-inspired lifestyle customers worldwide. What are the underlying business or industry changes driving this perspective?
Buy Or Sell Opportunity • Feb 28Now 36% undervaluedOver the last 90 days, the stock has risen 18% to €23.57. The fair value is estimated to be €37.03, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.6% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to decline by 4.3% in a year. Earnings are forecast to grow by 63% in the next year.
Price Target Changed • Feb 27Price target increased by 7.8% to €26.28Up from €24.38, the current price target is an average from 17 analysts. New target price is 12% above last closing price of €23.57. Stock is down 18% over the past year. The company is forecast to post a net loss per share of €1.79 next year compared to a net loss per share of €4.57 last year.
Reported Earnings • Feb 27Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: €4.57 loss per share (down from €1.89 profit in FY 2024). Revenue: €7.30b (down 17% from FY 2024). Net loss: €673.9m (down 339% from profit in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 14%. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance.
Buy Or Sell Opportunity • Jan 25Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 15% to €18.50. The fair value is estimated to be €23.65, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to decline by 13% in a year. Earnings are forecast to grow by 25% in the next year.
分析記事 • Jan 05Should You Investigate PUMA SE (ETR:PUM) At €22.40?PUMA SE ( ETR:PUM ), is not the largest company out there, but it led the XTRA gainers with a relatively large price...
Buy Or Sell Opportunity • Dec 15Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 13% to €22.60. The fair value is estimated to be €18.63, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to decline by 11% in a year. Earnings are forecast to grow by 39% in the next year.
お知らせ • Nov 27Anta Sports Reportedly Exploring Bid for PumaChinese sportswear maker ANTA Sports Products Limited (SEHK:2020) is among firms exploring a potential takeover of German sportswear brand PUMA SE (XTRA:PUM), Bloomberg News reported on November 27, 2025. Hong Kong-listed Anta has been working with an adviser to evaluate a bid for Puma, and the company may team up with a private equity firm if it decides to move forward with an offer, the Bloomberg report said, citing people familiar with the matter. Other potential bidders could include Chinese sportswear group Li Ning Company Limited (SEHK:2331), which has been discussing financing options with banks as it takes an early look at Puma, according to the report. Puma may also attract interest from Japanese sportswear company ASICS Corporation (TSE:7936), the report said. Anta Sports, Puma, and Asics did not immediately respond to Reuters‘ requests for comment. Li-Ning said in an emailed statement to Reuters that the company “has not engaged in any substantive negotiations or evaluations regarding the transaction mentioned in the news”, adding that the company continues to focus on the growth and development of its brand. Puma’s biggest shareholder Artemis, the privately-owned holding company that controls Gucci owner Kering, has said it is considering all options for its 29% stake, though a source close to the firm told Reuters in September it would not sell at the market value then. Puma’s market valuation is currently at EUR 2,520 million ($2,920 million), according to LSEG data. The Pinault family, which controls Artemis, acquired its Puma stake in 2018 from Kering when the luxury group transformed into a pure luxury player focused on brands like Gucci and Saint Laurent.
分析記事 • Nov 08PUMA SE (ETR:PUM) May Have Run Too Fast Too Soon With Recent 29% Price PlummetPUMA SE ( ETR:PUM ) shares have had a horrible month, losing 29% after a relatively good period beforehand. For any...
分析記事 • Nov 03Analysts Have Made A Financial Statement On PUMA SE's (ETR:PUM) Third-Quarter ReportIt's been a sad week for PUMA SE ( ETR:PUM ), who've watched their investment drop 16% to €18.42 in the week since the...
Reported Earnings • Oct 31Third quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2025 results: €0.42 loss per share (down from €0.85 profit in 3Q 2024). Revenue: €1.96b (down 15% from 3Q 2024). Net loss: €62.3m (down 149% from profit in 3Q 2024). Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) exceeded analyst estimates by 34%. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings.
お知らせ • Oct 30+ 3 more updatesPUMA SE to Report Q3, 2026 Results on Oct 29, 2026PUMA SE announced that they will report Q3, 2026 results on Oct 29, 2026
分析記事 • Oct 21These 4 Measures Indicate That PUMA (ETR:PUM) Is Using Debt ExtensivelyDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Major Estimate Revision • Oct 02Consensus EPS estimates fall by 13%The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -€3.05 to -€3.46 per share. Revenue forecast unchanged at €7.54b. Luxury industry in Germany expected to see average net income growth of 16% next year. Consensus price target broadly unchanged at €24.27. Share price rose 2.2% to €21.55 over the past week.
お知らせ • Sep 22PUMA SE(XTRA:PUM) dropped from FTSE All-World Index (USD)PUMA SE(XTRA:PUM) dropped from FTSE All-World Index (USD)
お知らせ • Sep 08PUMA Unveils The Future of Fast for Tokyo World Athletics Championships 2025PUMA has revealed The Future of Fast - a bold vision for innovation that will be brought to life through a series of athlete events and cutting-edge experiences in the Japanese capital. Featuring unique testimony from the fastest athletes in the world, and data-backed product analysis from the PUMA Innovation team, these moments will celebrate the athletes trailblazing their sports, and evidence how PUMA is collaborating with them to pioneer The Future of Fast. The NITRO™? LAB is home to a futuristic lineup of road running, and track & field concept cars, a fully functioning running economy lab, as well as newly released colourways of PUMA's fastest racingay products - including the most talked about racingay shoe of the year, Fast-R NITRO™? Elite 3. The NITRO®? LAB will open on Saturday, 13 September from 10:00 to 16:00. Address: 5-chome-4-48 Minamiaoyama, Minato City, Tokyo 107-0062, Japan. Fans will also be able to witness The Future of Fast in real time, as more than 140 PUMA athletes get set to compete in Tokyo. They include the reigning women's 100m Olympic Champion Julien Alfred, men's 400m hurdles world record holder Karsten Warholm, 13-time pole vault world record holder Mondo Duplantis, Japanese print-sensation Hakim Sani-Brown and reigning women's high jump world champion Yaroslava Mahuchikh. There will also be significant PUMA representation on the road, with German national record holder Amanal Petros leading the charge in the marathon, reaffirming PUMA's commitment to speed and performance across multiple disciplines. Since 1948, PUMA has been driven by innovation--working with athletes to develop new technologies and products that push the limits of speed and help them achieve their personal bests, on the world's biggest stages. This heritage has a significant connection to Japan, as the location of PUMA's first world record matching 100m print by Heinz Futterer (1954), and where the legendary Abebe Bikila became the first person to win back-to-back Olympic marathons (1960 & 1964). PUMA continues to build a legacy of firsts, shaping sports culture, and creating iconic moments in sports history - of which are certain to witness more over the coming weeks in Tokyo.
分析記事 • Sep 04Estimating The Intrinsic Value Of PUMA SE (ETR:PUM)Key Insights PUMA's estimated fair value is €22.27 based on 2 Stage Free Cash Flow to Equity PUMA's €19.94 share price...
お知らせ • Aug 26Pinault Family Reportedly Seeks Potential Buyers for PumaThe Pinault family has reached out to potential buyers of PUMA SE (XTRA:PUM) after the German sports brand lost about half of its market value in the past year, according to people familiar with the matter. The billionaire family, which owns a 29% stake in Frankfurt-listed Puma through Artemis, is working with advisers, possibly with a view to triggering a sale of the company, the people said, asking not to be identified because the deliberations are private. They have reached out to prospective bidders including ANTA Sports Products Limited (SEHK:2020) and Li Ning Company Limited (SEHK:2331) to gauge interest in buying Puma, the people said, adding they have also sounded out other sportswear firms in the US, as well as sovereign wealth funds in the Middle East. Puma shares surged as much as 20% in German trading following the report, the most since October 2001. It has a market value of about EUR 3.3 billion. The family is likely to seek a sizable premium in any deal, the people said. Artemis is also the controlling shareholder of Kering. Deliberations are ongoing and there is no guarantee a transaction will happen, the people said. A spokesperson for Puma declined to comment, while representatives for Artemis, Anta and Li Ning didn't respond to requests seeking comment.
New Risk • Aug 25New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 8.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 331% Minor Risks High level of debt (50% net debt to equity). Share price has been volatile over the past 3 months (8.1% average weekly change).
Buy Or Sell Opportunity • Aug 11Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 29% to €17.25. The fair value is estimated to be €21.70, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to decline by 10% in a year. Earnings are forecast to decline by 30% in the next year.
New Risk • Aug 01New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. Cash payout ratio: 335% Dividend yield: 3.3% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 335% Minor Risk High level of debt (50% net debt to equity).
Reported Earnings • Aug 01Second quarter 2025 earnings: EPS and revenues miss analyst expectationsSecond quarter 2025 results: €1.67 loss per share (down from €0.28 profit in 2Q 2024). Revenue: €1.94b (down 8.3% from 2Q 2024). Net loss: €247.0m (down €288.9m from profit in 2Q 2024). Revenue missed analyst estimates by 5.7%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has fallen by 33% per year whereas the company’s share price has fallen by 35% per year.
Valuation Update With 7 Day Price Move • Jul 30Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to €19.42, the stock trades at a trailing P/E ratio of 14.7x. Average forward P/E is 15x in the Luxury industry in Germany. Total loss to shareholders of 69% over the past three years.
Price Target Changed • Jul 29Price target decreased by 9.4% to €26.85Down from €29.65, the current price target is an average from 21 analysts. New target price is 34% above last closing price of €20.10. Stock is down 57% over the past year. The company is forecast to post a net loss per share of €2.53 compared to earnings per share of €1.89 last year.
Major Estimate Revision • Jul 29Consensus revenue estimates fall by 15%The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from €8.81b to €7.48b. Forecast loss of -€2.53, down from profit of €1.17 per share profit previously. Luxury industry in Germany expected to see average net income growth of 16% next year. Consensus price target of €26.40 unchanged from last update. Share price fell 13% to €20.10 over the past week.
分析記事 • Jul 10These 4 Measures Indicate That PUMA (ETR:PUM) Is Using Debt ExtensivelyLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
分析記事 • Jun 27Why PUMA SE (ETR:PUM) Could Be Worth WatchingWhile PUMA SE ( ETR:PUM ) might not have the largest market cap around , it led the XTRA gainers with a relatively...
分析記事 • May 25The Returns At PUMA (ETR:PUM) Aren't GrowingIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Upcoming Dividend • May 15Upcoming dividend of €0.61 per shareEligible shareholders must have bought the stock before 22 May 2025. Payment date: 26 May 2025. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of German dividend payers (4.4%). Higher than average of industry peers (1.2%).
分析記事 • May 10PUMA SE (ETR:PUM) First-Quarter Results: Here's What Analysts Are Forecasting For This YearPUMA SE ( ETR:PUM ) shareholders are probably feeling a little disappointed, since its shares fell 2.1% to €22.57 in...
Reported Earnings • May 09First quarter 2025 earnings released: EPS: €0.003 (vs €0.58 in 1Q 2024)First quarter 2025 results: EPS: €0.003 (down from €0.58 in 1Q 2024). Revenue: €2.08b (down 1.3% from 1Q 2024). Net income: €500.0k (down 99% from 1Q 2024). Profit margin: 0% (down from 4.2% in 1Q 2024). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has fallen by 30% per year, which means it is performing significantly worse than earnings.
分析記事 • May 09Estimating The Intrinsic Value Of PUMA SE (ETR:PUM)Key Insights PUMA's estimated fair value is €27.42 based on 2 Stage Free Cash Flow to Equity Current share price of...
分析記事 • May 09There's No Escaping PUMA SE's (ETR:PUM) Muted Earnings Despite A 29% Share Price RiseThose holding PUMA SE ( ETR:PUM ) shares would be relieved that the share price has rebounded 29% in the last thirty...
お知らせ • Apr 14PUMA SE, Annual General Meeting, May 21, 2025PUMA SE, Annual General Meeting, May 21, 2025, at 11:00 W. Europe Standard Time.
分析記事 • Apr 09PUMA (ETR:PUM) Has Announced That Its Dividend Will Be Reduced To €0.61PUMA SE's ( ETR:PUM ) dividend is being reduced from last year's payment covering the same period to €0.61 on the 26th...
Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to €18.70, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 14x in the Luxury industry in Europe. Total loss to shareholders of 73% over the past three years.
お知らせ • Apr 04+ 1 more updatePuma Announces Chief Executive ChangesPuma announced that it has appointed Arthur Hoeld as its new chief executive as the current head Arne Freundt steps down. Hoeld will take on the position from July 1, 2025. Freundt will end his term on April 11, 2025 after 14 years in various leadership positions, due to differing views on strategy execution. Hoeld was an executive board member of Adidas responsible for global sales until October 2024. A sports fanatic, ex-handball player and athlete, he joined Adidas in 1998 and held various leadership positions within the sports company, including roles in marketing, brand strategy, and management leadership of the Europe, Middle East and Africa regions.
分析記事 • Mar 15The Market Doesn't Like What It Sees From PUMA SE's (ETR:PUM) Earnings Yet As Shares Tumble 26%Unfortunately for some shareholders, the PUMA SE ( ETR:PUM ) share price has dived 26% in the last thirty days...
Declared Dividend • Mar 14Dividend reduced to €0.61Dividend of €0.61 is 26% lower than last year. Ex-date: 22nd May 2025 Payment date: 26th May 2025 Dividend yield will be 2.7%, which is higher than the industry average of 0.8%. Sustainability & Growth Dividend is well covered by both earnings (32% earnings payout ratio) and cash flows (21% cash payout ratio). The dividend has increased by an average of 28% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 47% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Mar 13Third quarter 2024 earnings released: EPS: €0.85 (vs €0.88 in 3Q 2023)Third quarter 2024 results: EPS: €0.85 (down from €0.88 in 3Q 2023). Revenue: €2.31b (flat on 3Q 2023). Net income: €127.8m (down 3.0% from 3Q 2023). Profit margin: 5.5% (down from 5.7% in 3Q 2023). Revenue is forecast to grow 5.0% p.a. on average during the next 4 years, compared to a 7.5% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 34% per year, which means it is performing significantly worse than earnings.
お知らせ • Mar 13PUMA SE Proposes Dividend for the Financial Year 2024The Management Board and the Supervisory Board of PUMA SE to propose to the Annual General Meeting on 21 May 2025 the distribution of a dividend of €0.61 per share for the financial year 2024 (FY 2023: €0.82). This corresponds to a dividend payout ratio of 32.2% (FY 2023: 40.3%) of the Group’s net income and is in line with the dividend policy payout ratio of 25% – 40%. The payment of the dividend is scheduled for the days following the Annual General Meeting when the dividend will be approved.
Major Estimate Revision • Mar 13Consensus EPS estimates fall by 32%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from €9.42b to €9.16b. EPS estimate also fell from €2.38 per share to €1.62 per share. Net income forecast to grow 3.1% next year vs 17% growth forecast for Luxury industry in Germany. Consensus price target down from €44.47 to €35.04. Share price fell 25% to €22.12 over the past week.
お知らせ • Mar 13Puma Se Provides Earnings Guidance for the Year 2025PUMA SE provided earnings guidance for the year 2025. For the year, currency-adjusted sales growth at low- to mid-single digit percentage rate.
Price Target Changed • Mar 13Price target decreased by 9.0% to €40.47Down from €44.47, the current price target is an average from 21 analysts. New target price is 78% above last closing price of €22.75. Stock is down 46% over the past year. The company is forecast to post earnings per share of €1.91 for next year compared to €2.03 last year.
Valuation Update With 7 Day Price Move • Mar 12Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to €22.75, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 16x in the Luxury industry in Europe. Total loss to shareholders of 69% over the past three years.
分析記事 • Mar 11When Should You Buy PUMA SE (ETR:PUM)?PUMA SE ( ETR:PUM ), might not be a large cap stock, but it saw significant share price movement during recent months...
お知らせ • Mar 01PUMA Hoops & RJ Barrett Release Latest All-Pro Nitro™? PEPUMA announced the release of the highly anticipated RJ Barrett All-Pro Nitro™? Player Edition, designed in collaboration with NBA star RJ Barrett. This player exclusive shoe embodies Barrett's explosive playing style and dedication to his city, combining cutting-edge technology with a design that pays homage to his roots. The RJ Barrett All-Pro Nitra™? PE features NITRO™? SQD foam technology, providing a perfect balance of cushioning and responsiveness. The innovative dual-layer foam system features a soft inner layer for comfort and impact absorption, while a firm outer layer delivers targeted lateral stability for quick cuts and multi-directional movements. The shoe's engineered mesh upper offers breathability and support, ensuring comfort during intense gameplay. Aord lock-down lacing system in the forefoot enhances lateral stability, extending down to the midsole for targeted support. The high-abrasion outsole provides exceptional traction for quick cuts and explosive movements, giving players the confidence to dominate on the court. This PE edition is packed with details meaningful to RJ Barrett, including a colorway that nods to his home team's retro jerseys.
分析記事 • Feb 08We Think PUMA (ETR:PUM) Can Stay On Top Of Its DebtHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Price Target Changed • Jan 28Price target decreased by 12% to €46.14Down from €52.20, the current price target is an average from 21 analysts. New target price is 45% above last closing price of €31.83. Stock is down 16% over the past year. The company is forecast to post earnings per share of €1.89 for next year compared to €2.03 last year.
Major Estimate Revision • Jan 27Consensus EPS estimates fall by 10%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from €2.11 to €1.89 per share. Revenue forecast steady at €8.82b. Net income forecast to grow 36% next year vs 13% growth forecast for Luxury industry in Germany. Consensus price target down from €52.20 to €48.81. Share price fell 21% to €31.75 over the past week.
分析記事 • Jan 24Investors Give PUMA SE (ETR:PUM) Shares A 28% HidingPUMA SE ( ETR:PUM ) shareholders that were waiting for something to happen have been dealt a blow with a 28% share...
New Risk • Jan 23New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 4.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (4.4% average weekly change).
Valuation Update With 7 Day Price Move • Jan 23Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to €32.31, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 15x in the Luxury industry in Europe. Total loss to shareholders of 63% over the past three years.
分析記事 • Dec 27Returns On Capital At PUMA (ETR:PUM) Have Hit The BrakesThere are a few key trends to look for if we want to identify the next multi-bagger. Firstly, we'd want to identify a...
お知らせ • Nov 26PUMA SE to Report Q2, 2025 Results on Jul 31, 2025PUMA SE announced that they will report Q2, 2025 results on Jul 31, 2025
お知らせ • Nov 25+ 2 more updatesPUMA SE to Report Q1, 2025 Results on May 08, 2025PUMA SE announced that they will report Q1, 2025 results on May 08, 2025
分析記事 • Nov 24At €43.83, Is It Time To Put PUMA SE (ETR:PUM) On Your Watch List?PUMA SE ( ETR:PUM ), is not the largest company out there, but it led the XTRA gainers with a relatively large price...
分析記事 • Nov 10Analysts Have Made A Financial Statement On PUMA SE's (ETR:PUM) Third-Quarter ReportPUMA SE ( ETR:PUM ) just released its latest quarterly report and things are not looking great. PUMA missed analyst...
分析記事 • Nov 08PUMA SE's (ETR:PUM) P/E Is Still On The Mark Following 27% Share Price BouncePUMA SE ( ETR:PUM ) shareholders have had their patience rewarded with a 27% share price jump in the last month...
Reported Earnings • Nov 07Third quarter 2024 earnings: EPS and revenues miss analyst expectationsThird quarter 2024 results: EPS: €0.85 (down from €0.88 in 3Q 2023). Revenue: €2.31b (flat on 3Q 2023). Net income: €127.8m (down 3.0% from 3Q 2023). Profit margin: 5.5% (down from 5.7% in 3Q 2023). Revenue missed analyst estimates by 2.6%. Earnings per share (EPS) also missed analyst estimates by 4.8%. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 25% per year, which means it is performing significantly worse than earnings.
分析記事 • Oct 21Here's Why PUMA (ETR:PUM) Can Manage Its Debt ResponsiblyWarren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...
お知らせ • Sep 26PUMA SE Announces CFO ChangesPUMA SE named Markus Neubrand as its new chief financial officer and member of its management board. Neubrand begins his new role effective October 1 and will succeed Hubert Hinterseher, who has mutually agreed with the company to step down from his role on September 30. Hinterseher's contract will end on December 31, it said. Starting on October 1, PUMA's management board will consist of chief executive officer Arne Freundt, Neubrand, chief product officer Maria Valdes and chief security officer Anne-Laure Descours. Neubrand most recently held the chief financial position at GUESS Inc. and before that for the luxury fashion brand MCM Worldwide. Previously, he was chief operating and chief financial officer at premium fashion company HUGO BOSS for its key region Americas.
分析記事 • Sep 23Is PUMA SE (ETR:PUM) Trading At A 36% Discount?Key Insights PUMA's estimated fair value is €55.12 based on 2 Stage Free Cash Flow to Equity PUMA is estimated to be...
分析記事 • Sep 10PUMA SE's (ETR:PUM) Share Price Matching Investor OpinionWhen close to half the companies in Germany have price-to-earnings ratios (or "P/E's") below 16x, you may consider PUMA...
お知らせ • Aug 28PUMA SE Announces Executive ChangesPUMA has appointed Indrajeet Sen (38) as Senior Vice President PUMA Group Sourcing, taking over the operational responsibilities of the Chief Sourcing Officer role. PUMA’s Chief Sourcing Officer Anne-Laure Descours has decided not to extend her board contract and will support the company as an external advisor in the field of sustainability. In his new position, Indy will oversee the global sourcing and development of footwear, apparel, and accessories, as well as operations and sustainability, reporting directly to PUMA Chief Product Officer Maria Valdes. He will be based in Xiamen, China. Indy has been with PUMA since 2016, most recently working as Vice President of Sourcing and Development Footwear. Before joining PUMA, he worked as Global Quality Manager for German footwear retailer Deichmann. Anne-Laure Descours has decided after more than 12 years with PUMA that she will not extend her services as a Board Member of PUMA SE. After more than 35 years in the industry, she intends to dedicate more time to her personal interests and continue her professional focus in the fields of sustainability. In this capacity, she will continue to support PUMA as external advisor and sustainability consultant to ensure continuity and a seamless transition. With Anne-Laure’s departure at the end of 2024, the number of members of the management board will be reduced from four to three. The board will consist of Arne Freundt, CEO, Hubert Hinterseher, Chief Financial Officer and Maria Valdes, Chief Product Officer.
分析記事 • Aug 25Should You Think About Buying PUMA SE (ETR:PUM) Now?PUMA SE ( ETR:PUM ), might not be a large cap stock, but it saw significant share price movement during recent months...
Price Target Changed • Aug 16Price target decreased by 7.4% to €50.05Down from €54.05, the current price target is an average from 21 analysts. New target price is 35% above last closing price of €37.14. Stock is down 40% over the past year. The company is forecast to post earnings per share of €2.18 for next year compared to €2.03 last year.
お知らせ • Aug 16PUMA Appoints Johan Kuhlo as Managing Director GCCPUMA has appointed Johan Kuhlo (43) as the Managing Director GCC. Starting September 1, he will oversee the major markets UAE and Saudi Arabia, as well as Qatar, Kuwait and Oman. He will report directly to PUMA CEO Arne Freundt. Johan, who has been with PUMA since 2015, has held various positions in the company including Head of Corporate Strategy and Investor Relations. Most recently, he worked as Managing Director EEMEA Distribution, where he oversaw more than 40 Markets in Eastern Europe, the Middle East and Africa.
分析記事 • Aug 12PUMA SE Just Missed Earnings - But Analysts Have Updated Their ModelsIt's been a sad week for PUMA SE ( ETR:PUM ), who've watched their investment drop 20% to €34.91 in the week since the...
Reported Earnings • Aug 08Second quarter 2024 earnings: EPS misses analyst expectationsSecond quarter 2024 results: EPS: €0.28 (down from €0.37 in 2Q 2023). Revenue: €2.12b (flat on 2Q 2023). Net income: €41.9m (down 24% from 2Q 2023). Profit margin: 2.0% (down from 2.6% in 2Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 15%. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 30% per year, which means it is performing significantly worse than earnings.
分析記事 • Jul 24PUMA (ETR:PUM) Hasn't Managed To Accelerate Its ReturnsWhat trends should we look for it we want to identify stocks that can multiply in value over the long term? One common...
分析記事 • Jun 10Calculating The Fair Value Of PUMA SE (ETR:PUM)Key Insights PUMA's estimated fair value is €42.15 based on 2 Stage Free Cash Flow to Equity Current share price of...
分析記事 • May 26Is Now The Time To Look At Buying PUMA SE (ETR:PUM)?While PUMA SE ( ETR:PUM ) might not have the largest market cap around , it saw a significant share price rise of 22...
Price Target Changed • May 16Price target increased by 7.4% to €54.55Up from €50.79, the current price target is an average from 21 analysts. New target price is 5.4% above last closing price of €51.74. Stock is up 4.6% over the past year. The company is forecast to post earnings per share of €2.41 for next year compared to €2.03 last year.
Upcoming Dividend • May 16Upcoming dividend of €0.82 per shareEligible shareholders must have bought the stock before 23 May 2024. Payment date: 27 May 2024. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of German dividend payers (4.6%). Higher than average of industry peers (0.7%).
分析記事 • May 12PUMA SE's (ETR:PUM) 26% Jump Shows Its Popularity With InvestorsThe PUMA SE ( ETR:PUM ) share price has done very well over the last month, posting an excellent gain of 26%. While...
Reported Earnings • May 09First quarter 2024 earnings released: EPS: €0.58 (vs €0.78 in 1Q 2023)First quarter 2024 results: EPS: €0.58 (down from €0.78 in 1Q 2023). Revenue: €2.10b (down 3.9% from 1Q 2023). Net income: €87.3m (down 26% from 1Q 2023). Profit margin: 4.2% (down from 5.4% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings.
Buy Or Sell Opportunity • May 09Now 32% overvalued after recent price riseOver the last 90 days, the stock has risen 23% to €50.14. The fair value is estimated to be €37.91, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 5.5%. For the next 3 years, revenue is forecast to grow by 6.8% per annum. Earnings are also forecast to grow by 18% per annum over the same time period.
分析記事 • May 08These 4 Measures Indicate That PUMA (ETR:PUM) Is Using Debt Reasonably WellDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
分析記事 • Apr 25PUMA (ETR:PUM) Is Due To Pay A Dividend Of €0.82The board of PUMA SE ( ETR:PUM ) has announced that it will pay a dividend of €0.82 per share on the 27th of May. Based...
分析記事 • Apr 10PUMA (ETR:PUM) Hasn't Managed To Accelerate Its ReturnsIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'll...
分析記事 • Mar 27PUMA SE's (ETR:PUM) P/E Still Appears To Be ReasonableWhen close to half the companies in Germany have price-to-earnings ratios (or "P/E's") below 16x, you may consider PUMA...
分析記事 • Mar 01Analysts Are Updating Their PUMA SE (ETR:PUM) Estimates After Its Full-Year ResultsLast week saw the newest annual earnings release from PUMA SE ( ETR:PUM ), an important milestone in the company's...
Reported Earnings • Feb 29Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: €2.04 (down from €2.36 in FY 2022). Revenue: €8.60b (up 1.6% from FY 2022). Net income: €304.9m (down 14% from FY 2022). Profit margin: 3.5% (down from 4.2% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.0%. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings.
