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75.6%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75.6%収益成長率77.00%EPS成長率Luxury 収益成長13.3%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14 May 2026今後の成長に関する最新情報更新なしすべての更新を表示Recent updatesReported Earnings • May 02First quarter 2026 earnings released: EPS: €0.18 (vs €0.003 in 1Q 2025)First 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 is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Luxury industry in Italy. 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.Buy Or Sell Opportunity • Apr 09Now 22% overvaluedThe stock has been flat over the last 90 days, currently trading at €24.30. The fair value is estimated to be €19.88, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 2.8% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to decline by 5.2% in a year. Earnings are forecast to grow by 65% in the next year.Reported Earnings • Feb 27Full year 2025 earnings released: €4.57 loss per share (vs €1.89 profit in FY 2024)Full 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 is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Luxury industry in Italy. 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 • Dec 14Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 13% to €21.79. The fair value is estimated to be €17.69, 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.Reported Earnings • Oct 31Third quarter 2025 earnings released: €0.42 loss per share (vs €0.85 profit in 3Q 2024)Third 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 is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Luxury industry in Italy. 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, 2026Buy Or Sell Opportunity • Oct 08Now 21% overvaluedOver the last 90 days, the stock has fallen 6.2% to €22.25. The fair value is estimated to be €18.42, 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 decline by 150% in the next year.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.New Risk • Sep 04New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Italian stocks, typically moving 7.8% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (7.8% average weekly change). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 331% Minor Risk High level of debt (50% net debt to equity).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.Reported Earnings • Aug 01Second quarter 2025 earnings released: €1.67 loss per share (vs €0.28 profit in 2Q 2024)Second 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 is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Luxury industry in Italy. 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 36% per year.Valuation Update With 7 Day Price Move • Jul 30Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to €19.55, the stock trades at a trailing P/E ratio of 14.7x. Average forward P/E is 11x in the Luxury industry in Italy. Total loss to shareholders of 68% over the past three years.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 Italian dividend payers (5.4%). Higher than average of industry peers (1.9%).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 7.5% growth forecast for the Luxury industry in Italy. 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 29% per year, which means it is performing significantly worse than earnings.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.Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to €18.95, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 14x in the Luxury industry in Italy. 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.Reported Earnings • Mar 13Full year 2024 earnings released: EPS: €1.89 (vs €2.04 in FY 2023)Full year 2024 results: EPS: €1.89 (down from €2.04 in FY 2023). Revenue: €8.82b (up 2.5% from FY 2023). Net income: €281.6m (down 7.6% from FY 2023). Profit margin: 3.2% (down from 3.5% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Luxury industry in Italy. Over the last 3 years on average, earnings per share has fallen by 9% 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 13+ 1 more updatePUMA 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.New Risk • Mar 12New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Italian stocks, typically moving 7.9% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.9% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Valuation Update With 7 Day Price Move • Mar 12Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to €23.51, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 16x in the Luxury industry in Italy. Total loss to shareholders of 67% over the past three years.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.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 Italian stocks, typically moving 4.6% 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 (4.6% average weekly change).Valuation Update With 7 Day Price Move • Jan 23Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to €32.96, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 16x in the Luxury industry in Italy. Total loss to shareholders of 62% over the past three years.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, 2025Buy Or Sell Opportunity • Nov 12Now 21% undervaluedOver the last 90 days, the stock has risen 24% to €45.81. The fair value is estimated to be €58.15, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.3% over the last 3 years. Earnings per share has declined by 8.0%. For the next 3 years, revenue is forecast to grow by 7.0% per annum. Earnings are also forecast to grow by 19% per annum over the same time period.Reported Earnings • Nov 07Third 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 7.1% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Luxury industry in Italy. 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.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.New Risk • Sep 21New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 5.2% 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 (5.2% average weekly change).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.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.Reported Earnings • Aug 08Second quarter 2024 earnings released: EPS: €0.28 (vs €0.37 in 2Q 2023)Second 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 is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Luxury industry in Italy. 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.New Risk • Aug 07New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 5.9% 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 (5.9% average weekly change).Buy Or Sell Opportunity • Jun 12Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 12% to €47.44. The fair value is estimated to be €39.21, 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 6.9% per annum. Earnings are also forecast to grow by 18% per annum over the same time period.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 Italian dividend payers (5.5%). In line with average of industry peers (1.6%).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 8.3% growth forecast for the Luxury industry in Italy. 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 18% per year, which means it is significantly lagging earnings.Buy Or Sell Opportunity • Apr 26Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 15% to €43.83. The fair value is estimated to be €35.55, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 18%. For the next 3 years, revenue is forecast to grow by 6.5% per annum. Earnings are also forecast to grow by 15% per annum over the same time period.Buy Or Sell Opportunity • Apr 18Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 2.4% to €43.02. The fair value is estimated to be €35.25, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 18%. For the next 3 years, revenue is forecast to grow by 6.5% per annum. Earnings are also forecast to grow by 15% per annum over the same time period.Declared Dividend • Feb 29Dividend of €0.82 announcedDividend of €0.82 is the same as last year. Ex-date: 23rd May 2024 Payment date: 27th May 2024 Dividend yield will be 1.9%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is well covered by both earnings (40% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has increased by an average of 32% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 53% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Feb 08PUMA Appoints Julie Legrand as Senior Director Global Brand StrategyPUMA SE has appointed Julie Legrand (43) as Senior Director Global Brand Strategy. In this position, she will oversee an important part of PUMA’s strategic priority to elevate the brand. Julie, who will report directly to PUMA’s Vice President Brand & Marketing Richard Teyssier, has 20 years of experience in marketing and brand management. Most recently, she worked as H&M’s Global Brand Director. She also held senior positions in marketing and brand at Procter & Gamble. The appointment of Julie follows the company’s decision taken in June to reorganize its global brand management and marketing operations and relocate them from Boston to PUMA’s headquarters in Herzogenaurach, Germany. At the start of 2023, PUMA sharpened its strategic priorities and defined brand elevation as one of its three top strategic priorities for the company’s future growth.Buy Or Sell Opportunity • Jan 25Now 27% undervalued after recent price dropOver the last 90 days, the stock has fallen 28% to €38.49. The fair value is estimated to be €52.69, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 29%. For the next 3 years, revenue is forecast to grow by 7.3% per annum. Earnings are also forecast to grow by 18% per annum over the same time period.お知らせ • Nov 29PUMA RE:SUEDE Pilot Project Turns Experimental Sneakers into CompostPUMA showed that it can successfully turn an experimental version of its classic SUEDE sneaker into compost under certain tailor-made industrial conditions, as it announced the results of its two-year-long RE:SUEDE experiment. In 2021, PUMA created 500 pairs of the experimental RE:SUEDE, using Zeology tanned suede, a TPE outsole and hemp fibres. The RE:SUEDEs were worn for half a year by volunteers in Germany to test the comfort and durability of the shoes before PUMA sent them to a specially equipped industrial composting area operated by its partner Ortessa Group in the Netherlands. A special procedure had to be established to turn the shoes into compost. First, they were shredded and mixed with other green household waste and placed into a composting tunnel. They were then spray with leaching-water from earlier composting that contains nutrients and naturally heated due to the biological activity and controlled air circulation in the tunnel. After approximately 3.5 months, the materials that were small enough.お知らせ • Nov 07+ 4 more updatesPUMA SE to Report Q3, 2024 Results on Nov 06, 2024PUMA SE announced that they will report Q3, 2024 results at 8:00 AM, Central European Standard Time on Nov 06, 2024Reported Earnings • Oct 25Third quarter 2023 earnings released: EPS: €0.88 (vs €0.98 in 3Q 2022)Third quarter 2023 results: EPS: €0.88 (down from €0.98 in 3Q 2022). Revenue: €2.31b (down 1.8% from 3Q 2022). Net income: €131.7m (down 10.0% from 3Q 2022). Profit margin: 5.7% (down from 6.2% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Luxury industry in Italy. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.Upcoming Dividend • May 18Upcoming dividend of €0.82 per share at 1.7% yieldEligible shareholders must have bought the stock before 25 May 2023. Payment date: 30 May 2023. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Italian dividend payers (5.3%). In line with average of industry peers (1.6%).Reported Earnings • Apr 27First quarter 2023 earnings released: EPS: €0.78 (vs €0.81 in 1Q 2022)First quarter 2023 results: EPS: €0.78 (down from €0.81 in 1Q 2022). Revenue: €2.19b (up 14% from 1Q 2022). Net income: €117.3m (down 3.4% from 1Q 2022). Profit margin: 5.4% (down from 6.3% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Luxury industry in Italy. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.Buying Opportunity • Mar 15Now 21% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be €64.76, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 35%. For the next 3 years, revenue is forecast to grow by 7.7% per annum. Earnings is also forecast to grow by 15% per annum over the same time period.Reported Earnings • Mar 06Full year 2022 earnings released: EPS: €2.36 (vs €2.07 in FY 2021)Full year 2022 results: EPS: €2.36 (up from €2.07 in FY 2021). Revenue: €8.47b (up 24% from FY 2021). Net income: €353.5m (up 14% from FY 2021). Profit margin: 4.2% (down from 4.5% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Luxury industry in Italy. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.お知らせ • Nov 08+ 3 more updatesPUMA SE to Report Q3, 2023 Results on Oct 24, 2023PUMA SE announced that they will report Q3, 2023 results at 8:00 AM, Central European Standard Time on Oct 24, 2023Reported Earnings • Jul 30Second quarter 2022 earnings released: EPS: €0.56 (vs €0.33 in 2Q 2021)Second quarter 2022 results: EPS: €0.56 (up from €0.33 in 2Q 2021). Revenue: €2.00b (up 26% from 2Q 2021). Net income: €84.3m (up 73% from 2Q 2021). Profit margin: 4.2% (up from 3.1% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 12%, compared to a 18% growth forecast for the industry in Italy. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Jun 01Investor sentiment improved over the past weekAfter last week's 16% share price gain to €68.84, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 22x in the Luxury industry in Italy. Total returns to shareholders of 33% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €111 per share.Upcoming Dividend • May 05Upcoming dividend of €0.72 per shareEligible shareholders must have bought the stock before 12 May 2022. Payment date: 16 May 2022. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of Italian dividend payers (4.7%). Lower than average of industry peers (1.4%).Reported Earnings • Apr 27First quarter 2022 earnings released: EPS: €0.81 (vs €0.73 in 1Q 2021)First quarter 2022 results: EPS: €0.81 (up from €0.73 in 1Q 2021). Revenue: €1.91b (up 24% from 1Q 2021). Net income: €121.4m (up 11% from 1Q 2021). Profit margin: 6.3% (down from 7.1% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 11%, compared to a 15% growth forecast for the industry in Italy. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.Buying Opportunity • Apr 06Now 24% undervalued after recent price dropOver the last 90 days, the stock is down 27%. The fair value is estimated to be €98.06, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 7.9%. For the next 3 years, revenue is forecast to grow by 9.6% per annum. Earnings is also forecast to grow by 20% per annum over the same time period.Valuation Update With 7 Day Price Move • Mar 04Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to €68.72, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 20x in the Luxury industry in Italy. Total returns to shareholders of 46% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €93.93 per share.Buying Opportunity • Mar 01Now 25% undervalued after recent price dropOver the last 90 days, the stock is down 29%. The fair value is estimated to be €102, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% per annum over the last 3 years. Earnings per share has grown by 7.9% per annum over the last 3 years.Reported Earnings • Feb 25Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: €2.07 (up from €0.53 in FY 2020). Revenue: €6.81b (up 30% from FY 2020). Net income: €309.6m (up 292% from FY 2020). Profit margin: 4.5% (up from 1.5% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 13%, compared to a 23% growth forecast for the industry in Italy. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Oct 28Third quarter 2021 earnings released: EPS €0.96 (vs €0.76 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €1.90b (up 20% from 3Q 2020). Net income: €143.8m (up 27% from 3Q 2020). Profit margin: 7.6% (up from 7.2% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Aug 02Second quarter 2021 earnings released: EPS €0.33 (vs €0.64 loss in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €1.59b (up 91% from 2Q 2020). Net income: €48.7m (up €144.3m from 2Q 2020). Profit margin: 3.1% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 35% per year, which means it is well ahead of earnings.Reported Earnings • May 01First quarter 2021 earnings released: EPS €0.73 (vs €0.24 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €1.55b (up 19% from 1Q 2020). Net income: €109.2m (up 202% from 1Q 2020). Profit margin: 7.1% (up from 2.8% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 29% per year, which means it is well ahead of earnings.Upcoming Dividend • Apr 29Upcoming dividend of €0.16 per shareEligible shareholders must have bought the stock before 06 May 2021. Payment date: 10 May 2021. Trailing yield: 0.2%. Lower than top quartile of Italian dividend payers (3.9%). Lower than average of industry peers (1.0%).Analyst Estimate Surprise Post Earnings • Feb 26Revenue beats expectationsRevenue exceeded analyst estimates by 0.1%. Over the next year, revenue is forecast to grow 13%, compared to a 5.3% growth forecast for the Luxury industry in Italy.Reported Earnings • Feb 26Full year 2020 earnings released: EPS €0.53 (vs €1.76 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €5.23b (down 4.9% from FY 2019). Net income: €78.9m (down 70% from FY 2019). Profit margin: 1.5% (down from 4.8% in FY 2019). The decrease in margin was driven by lower revenue.Is New 90 Day High Low • Dec 10New 90-day high: €86.98The company is up 22% from its price of €71.26 on 10 September 2020. The Italian market is up 9.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Luxury industry, which is up 30% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €57.74 per share.Is New 90 Day High Low • Nov 17New 90-day high: €83.06The company is up 20% from its price of €69.00 on 19 August 2020. The Italian market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €59.53 per share.Analyst Estimate Surprise Post Earnings • Oct 30Third-quarter earnings released: Revenue beats expectationsThird-quarter revenue exceeded analyst estimates by 1.9% at €1.58b. Revenue is forecast to grow 13% over the next year, compared to a 3.8% growth forecast for the Luxury industry in Italy.Reported Earnings • Oct 30Third quarter earnings releasedOver the last 12 months the company has reported total profits of €72.0m, down 72% from the prior year. Total revenue was €5.19b over the last 12 months, down 1.1% from the prior year.業績と収益の成長予測BIT:1PUM - 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/A1312/31/20277,43058193N/A1712/31/20266,953-227191N/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: 1PUM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 ( 3.3% ) よりも高い成長率であると考えられます。収益対市場: 1PUM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: 1PUM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: 1PUMの収益 ( 4.7% ) Italian市場 ( 5.6% ) よりも低い成長が予測されています。高い収益成長: 1PUM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: 1PUM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2026/05/14 09:35終値2026/05/14 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
Reported Earnings • May 02First quarter 2026 earnings released: EPS: €0.18 (vs €0.003 in 1Q 2025)First 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 is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Luxury industry in Italy. 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.
Buy Or Sell Opportunity • Apr 09Now 22% overvaluedThe stock has been flat over the last 90 days, currently trading at €24.30. The fair value is estimated to be €19.88, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 2.8% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to decline by 5.2% in a year. Earnings are forecast to grow by 65% in the next year.
Reported Earnings • Feb 27Full year 2025 earnings released: €4.57 loss per share (vs €1.89 profit in FY 2024)Full 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 is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Luxury industry in Italy. 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 • Dec 14Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 13% to €21.79. The fair value is estimated to be €17.69, 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.
Reported Earnings • Oct 31Third quarter 2025 earnings released: €0.42 loss per share (vs €0.85 profit in 3Q 2024)Third 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 is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Luxury industry in Italy. 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
Buy Or Sell Opportunity • Oct 08Now 21% overvaluedOver the last 90 days, the stock has fallen 6.2% to €22.25. The fair value is estimated to be €18.42, 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 decline by 150% in the next year.
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.
New Risk • Sep 04New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Italian stocks, typically moving 7.8% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (7.8% average weekly change). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 331% Minor Risk High level of debt (50% net debt to equity).
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.
Reported Earnings • Aug 01Second quarter 2025 earnings released: €1.67 loss per share (vs €0.28 profit in 2Q 2024)Second 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 is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Luxury industry in Italy. 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 36% per year.
Valuation Update With 7 Day Price Move • Jul 30Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to €19.55, the stock trades at a trailing P/E ratio of 14.7x. Average forward P/E is 11x in the Luxury industry in Italy. Total loss to shareholders of 68% over the past three years.
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 Italian dividend payers (5.4%). Higher than average of industry peers (1.9%).
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 7.5% growth forecast for the Luxury industry in Italy. 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 29% per year, which means it is performing significantly worse than earnings.
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.
Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to €18.95, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 14x in the Luxury industry in Italy. 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.
Reported Earnings • Mar 13Full year 2024 earnings released: EPS: €1.89 (vs €2.04 in FY 2023)Full year 2024 results: EPS: €1.89 (down from €2.04 in FY 2023). Revenue: €8.82b (up 2.5% from FY 2023). Net income: €281.6m (down 7.6% from FY 2023). Profit margin: 3.2% (down from 3.5% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Luxury industry in Italy. Over the last 3 years on average, earnings per share has fallen by 9% 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 13+ 1 more updatePUMA 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.
New Risk • Mar 12New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Italian stocks, typically moving 7.9% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.9% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Valuation Update With 7 Day Price Move • Mar 12Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to €23.51, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 16x in the Luxury industry in Italy. Total loss to shareholders of 67% over the past three years.
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.
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 Italian stocks, typically moving 4.6% 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 (4.6% average weekly change).
Valuation Update With 7 Day Price Move • Jan 23Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to €32.96, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 16x in the Luxury industry in Italy. Total loss to shareholders of 62% over the past three years.
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
Buy Or Sell Opportunity • Nov 12Now 21% undervaluedOver the last 90 days, the stock has risen 24% to €45.81. The fair value is estimated to be €58.15, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.3% over the last 3 years. Earnings per share has declined by 8.0%. For the next 3 years, revenue is forecast to grow by 7.0% per annum. Earnings are also forecast to grow by 19% per annum over the same time period.
Reported Earnings • Nov 07Third 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 7.1% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Luxury industry in Italy. 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.
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.
New Risk • Sep 21New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 5.2% 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 (5.2% average weekly change).
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.
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.
Reported Earnings • Aug 08Second quarter 2024 earnings released: EPS: €0.28 (vs €0.37 in 2Q 2023)Second 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 is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Luxury industry in Italy. 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.
New Risk • Aug 07New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 5.9% 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 (5.9% average weekly change).
Buy Or Sell Opportunity • Jun 12Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 12% to €47.44. The fair value is estimated to be €39.21, 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 6.9% per annum. Earnings are also forecast to grow by 18% per annum over the same time period.
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 Italian dividend payers (5.5%). In line with average of industry peers (1.6%).
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 8.3% growth forecast for the Luxury industry in Italy. 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 18% per year, which means it is significantly lagging earnings.
Buy Or Sell Opportunity • Apr 26Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 15% to €43.83. The fair value is estimated to be €35.55, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 18%. For the next 3 years, revenue is forecast to grow by 6.5% per annum. Earnings are also forecast to grow by 15% per annum over the same time period.
Buy Or Sell Opportunity • Apr 18Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 2.4% to €43.02. The fair value is estimated to be €35.25, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 18%. For the next 3 years, revenue is forecast to grow by 6.5% per annum. Earnings are also forecast to grow by 15% per annum over the same time period.
Declared Dividend • Feb 29Dividend of €0.82 announcedDividend of €0.82 is the same as last year. Ex-date: 23rd May 2024 Payment date: 27th May 2024 Dividend yield will be 1.9%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is well covered by both earnings (40% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has increased by an average of 32% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 53% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Feb 08PUMA Appoints Julie Legrand as Senior Director Global Brand StrategyPUMA SE has appointed Julie Legrand (43) as Senior Director Global Brand Strategy. In this position, she will oversee an important part of PUMA’s strategic priority to elevate the brand. Julie, who will report directly to PUMA’s Vice President Brand & Marketing Richard Teyssier, has 20 years of experience in marketing and brand management. Most recently, she worked as H&M’s Global Brand Director. She also held senior positions in marketing and brand at Procter & Gamble. The appointment of Julie follows the company’s decision taken in June to reorganize its global brand management and marketing operations and relocate them from Boston to PUMA’s headquarters in Herzogenaurach, Germany. At the start of 2023, PUMA sharpened its strategic priorities and defined brand elevation as one of its three top strategic priorities for the company’s future growth.
Buy Or Sell Opportunity • Jan 25Now 27% undervalued after recent price dropOver the last 90 days, the stock has fallen 28% to €38.49. The fair value is estimated to be €52.69, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 29%. For the next 3 years, revenue is forecast to grow by 7.3% per annum. Earnings are also forecast to grow by 18% per annum over the same time period.
お知らせ • Nov 29PUMA RE:SUEDE Pilot Project Turns Experimental Sneakers into CompostPUMA showed that it can successfully turn an experimental version of its classic SUEDE sneaker into compost under certain tailor-made industrial conditions, as it announced the results of its two-year-long RE:SUEDE experiment. In 2021, PUMA created 500 pairs of the experimental RE:SUEDE, using Zeology tanned suede, a TPE outsole and hemp fibres. The RE:SUEDEs were worn for half a year by volunteers in Germany to test the comfort and durability of the shoes before PUMA sent them to a specially equipped industrial composting area operated by its partner Ortessa Group in the Netherlands. A special procedure had to be established to turn the shoes into compost. First, they were shredded and mixed with other green household waste and placed into a composting tunnel. They were then spray with leaching-water from earlier composting that contains nutrients and naturally heated due to the biological activity and controlled air circulation in the tunnel. After approximately 3.5 months, the materials that were small enough.
お知らせ • Nov 07+ 4 more updatesPUMA SE to Report Q3, 2024 Results on Nov 06, 2024PUMA SE announced that they will report Q3, 2024 results at 8:00 AM, Central European Standard Time on Nov 06, 2024
Reported Earnings • Oct 25Third quarter 2023 earnings released: EPS: €0.88 (vs €0.98 in 3Q 2022)Third quarter 2023 results: EPS: €0.88 (down from €0.98 in 3Q 2022). Revenue: €2.31b (down 1.8% from 3Q 2022). Net income: €131.7m (down 10.0% from 3Q 2022). Profit margin: 5.7% (down from 6.2% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Luxury industry in Italy. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.
Upcoming Dividend • May 18Upcoming dividend of €0.82 per share at 1.7% yieldEligible shareholders must have bought the stock before 25 May 2023. Payment date: 30 May 2023. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Italian dividend payers (5.3%). In line with average of industry peers (1.6%).
Reported Earnings • Apr 27First quarter 2023 earnings released: EPS: €0.78 (vs €0.81 in 1Q 2022)First quarter 2023 results: EPS: €0.78 (down from €0.81 in 1Q 2022). Revenue: €2.19b (up 14% from 1Q 2022). Net income: €117.3m (down 3.4% from 1Q 2022). Profit margin: 5.4% (down from 6.3% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Luxury industry in Italy. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
Buying Opportunity • Mar 15Now 21% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be €64.76, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 35%. For the next 3 years, revenue is forecast to grow by 7.7% per annum. Earnings is also forecast to grow by 15% per annum over the same time period.
Reported Earnings • Mar 06Full year 2022 earnings released: EPS: €2.36 (vs €2.07 in FY 2021)Full year 2022 results: EPS: €2.36 (up from €2.07 in FY 2021). Revenue: €8.47b (up 24% from FY 2021). Net income: €353.5m (up 14% from FY 2021). Profit margin: 4.2% (down from 4.5% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Luxury industry in Italy. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
お知らせ • Nov 08+ 3 more updatesPUMA SE to Report Q3, 2023 Results on Oct 24, 2023PUMA SE announced that they will report Q3, 2023 results at 8:00 AM, Central European Standard Time on Oct 24, 2023
Reported Earnings • Jul 30Second quarter 2022 earnings released: EPS: €0.56 (vs €0.33 in 2Q 2021)Second quarter 2022 results: EPS: €0.56 (up from €0.33 in 2Q 2021). Revenue: €2.00b (up 26% from 2Q 2021). Net income: €84.3m (up 73% from 2Q 2021). Profit margin: 4.2% (up from 3.1% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 12%, compared to a 18% growth forecast for the industry in Italy. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Jun 01Investor sentiment improved over the past weekAfter last week's 16% share price gain to €68.84, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 22x in the Luxury industry in Italy. Total returns to shareholders of 33% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €111 per share.
Upcoming Dividend • May 05Upcoming dividend of €0.72 per shareEligible shareholders must have bought the stock before 12 May 2022. Payment date: 16 May 2022. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of Italian dividend payers (4.7%). Lower than average of industry peers (1.4%).
Reported Earnings • Apr 27First quarter 2022 earnings released: EPS: €0.81 (vs €0.73 in 1Q 2021)First quarter 2022 results: EPS: €0.81 (up from €0.73 in 1Q 2021). Revenue: €1.91b (up 24% from 1Q 2021). Net income: €121.4m (up 11% from 1Q 2021). Profit margin: 6.3% (down from 7.1% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 11%, compared to a 15% growth forecast for the industry in Italy. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
Buying Opportunity • Apr 06Now 24% undervalued after recent price dropOver the last 90 days, the stock is down 27%. The fair value is estimated to be €98.06, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 7.9%. For the next 3 years, revenue is forecast to grow by 9.6% per annum. Earnings is also forecast to grow by 20% per annum over the same time period.
Valuation Update With 7 Day Price Move • Mar 04Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to €68.72, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 20x in the Luxury industry in Italy. Total returns to shareholders of 46% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €93.93 per share.
Buying Opportunity • Mar 01Now 25% undervalued after recent price dropOver the last 90 days, the stock is down 29%. The fair value is estimated to be €102, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% per annum over the last 3 years. Earnings per share has grown by 7.9% per annum over the last 3 years.
Reported Earnings • Feb 25Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: €2.07 (up from €0.53 in FY 2020). Revenue: €6.81b (up 30% from FY 2020). Net income: €309.6m (up 292% from FY 2020). Profit margin: 4.5% (up from 1.5% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 13%, compared to a 23% growth forecast for the industry in Italy. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Oct 28Third quarter 2021 earnings released: EPS €0.96 (vs €0.76 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €1.90b (up 20% from 3Q 2020). Net income: €143.8m (up 27% from 3Q 2020). Profit margin: 7.6% (up from 7.2% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Aug 02Second quarter 2021 earnings released: EPS €0.33 (vs €0.64 loss in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €1.59b (up 91% from 2Q 2020). Net income: €48.7m (up €144.3m from 2Q 2020). Profit margin: 3.1% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 35% per year, which means it is well ahead of earnings.
Reported Earnings • May 01First quarter 2021 earnings released: EPS €0.73 (vs €0.24 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €1.55b (up 19% from 1Q 2020). Net income: €109.2m (up 202% from 1Q 2020). Profit margin: 7.1% (up from 2.8% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 29% per year, which means it is well ahead of earnings.
Upcoming Dividend • Apr 29Upcoming dividend of €0.16 per shareEligible shareholders must have bought the stock before 06 May 2021. Payment date: 10 May 2021. Trailing yield: 0.2%. Lower than top quartile of Italian dividend payers (3.9%). Lower than average of industry peers (1.0%).
Analyst Estimate Surprise Post Earnings • Feb 26Revenue beats expectationsRevenue exceeded analyst estimates by 0.1%. Over the next year, revenue is forecast to grow 13%, compared to a 5.3% growth forecast for the Luxury industry in Italy.
Reported Earnings • Feb 26Full year 2020 earnings released: EPS €0.53 (vs €1.76 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €5.23b (down 4.9% from FY 2019). Net income: €78.9m (down 70% from FY 2019). Profit margin: 1.5% (down from 4.8% in FY 2019). The decrease in margin was driven by lower revenue.
Is New 90 Day High Low • Dec 10New 90-day high: €86.98The company is up 22% from its price of €71.26 on 10 September 2020. The Italian market is up 9.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Luxury industry, which is up 30% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €57.74 per share.
Is New 90 Day High Low • Nov 17New 90-day high: €83.06The company is up 20% from its price of €69.00 on 19 August 2020. The Italian market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €59.53 per share.
Analyst Estimate Surprise Post Earnings • Oct 30Third-quarter earnings released: Revenue beats expectationsThird-quarter revenue exceeded analyst estimates by 1.9% at €1.58b. Revenue is forecast to grow 13% over the next year, compared to a 3.8% growth forecast for the Luxury industry in Italy.
Reported Earnings • Oct 30Third quarter earnings releasedOver the last 12 months the company has reported total profits of €72.0m, down 72% from the prior year. Total revenue was €5.19b over the last 12 months, down 1.1% from the prior year.