Birkenstock Holding plc

NYSE:BIRK 株式レポート

時価総額：US$7.4b

Birkenstock Holding 過去の業績

過去 基準チェック /56

Birkenstock Holdingは、平均年間39.9%の収益成長を遂げていますが、 Luxury業界の収益は、年間 減少しています。収益は、平均年間1.8% 16.2%収益成長率で 成長しています。 Birkenstock Holdingの自己資本利益率は12.3%であり、純利益率は16.3%です。

主要情報

39.86%

収益成長率

39.43%

EPS成長率

Luxury 業界の成長12.25%
収益成長率16.18%
株主資本利益率12.29%
ネット・マージン16.30%
次回の業績アップデート13 Aug 2026

最近の業績更新

Recent updates

ナラティブ更新 • Jul 10

BIRK: Share Repurchase And Capacity Expansion Will Support Long Term Upside

The analyst price target for Birkenstock Holding has been reduced from about $76.58 to $67.36, reflecting analysts’ efforts to balance lower assumed future P/E multiples with updated views on revenue growth, margins, and recent Street research that has highlighted mixed reactions to Q2 results and the company’s valuation. Analyst Commentary Recent research on Birkenstock Holding shows a mix of reactions to Q2 results, but several bullish analysts continue to highlight what they view as attractive valuation, solid brand momentum, and identifiable growth levers across channels and regions.
Seeking Alpha • Jul 02

Birkenstock Holding's Strong Growth Doesn't Justify A Price This Low

Summary Birkenstock Holding plc demonstrates strong multi-year revenue growth, driven by both B2B and direct-to-consumer channels across global markets. BIRK is targeting 10% annual growth in pairs sold and expects 13–15% revenue growth this year, despite inflation and supply chain headwinds. Valuation appears reasonable relative to peers, with management signaling undervaluation via a $250 million accelerated share buyback (~3.2% of market cap). I assign a soft Buy rating, supported by robust growth levers, expanding production, and the brand's positioning as affordable luxury. Read the full article on Seeking Alpha
ナラティブ更新 • Jun 26

BIRK: Future Profitability Pressures Will Challenge Confidence After $250M Buyback

The analyst fair value estimate for Birkenstock Holding has been revised from about $45.35 to about $40.18, as recent Street price target changes and updated models reflect a mix of slightly lower long term profitability assumptions and ongoing confidence in demand and capital returns, such as the $250M accelerated share repurchase. Analyst Commentary Recent Street research on Birkenstock Holding reflects a mixed backdrop, with several bearish analysts trimming price targets after the latest Q2 results while still acknowledging ongoing demand drivers and the recently announced US$250M accelerated share repurchase.
分析記事 • Feb 15

Birkenstock Holding plc Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

It's been a good week for Birkenstock Holding plc ( NYSE:BIRK ) shareholders, because the company has just released its...
分析記事 • Dec 11

Is There An Opportunity With Birkenstock Holding plc's (NYSE:BIRK) 21% Undervaluation?

Key Insights Using the 2 Stage Free Cash Flow to Equity, Birkenstock Holding fair value estimate is US$56.74 Current...
分析記事 • Nov 05

Is Birkenstock Holding plc (NYSE:BIRK) Potentially Undervalued?

While Birkenstock Holding plc ( NYSE:BIRK ) might not have the largest market cap around , it saw significant share...
ナラティブ更新 • Sep 26

APAC And China Trends Will Unlock Future Potential

Birkenstock Holding’s modestly lower consensus price target reflects a significant rise in its future P/E multiple, while profit margins remained stable, resulting in a revised fair value of $69.17. What's in the News Birkenstock raised its fiscal 2025 revenue guidance to at least €2.09 billion, reflecting 15.9% reported growth and 17.5% growth in constant currency, above previous guidance.
分析記事 • Sep 12

Here's Why We Think Birkenstock Holding (NYSE:BIRK) Is Well Worth Watching

It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
分析記事 • Aug 18

Results: Birkenstock Holding plc Beat Earnings Expectations And Analysts Now Have New Forecasts

NYSE:BIRK 1 Year Share Price vs Fair Value Explore Birkenstock Holding's Fair Values from the Community and select...
Seeking Alpha • Apr 13

Birkenstock: Upgrade To Buy On Cheaper Valuation

Summary I upgrade Birkenstock to a buy rating as the stock now trades at ~22x forward P/E, making it more attractive. BIRK shows resilient top-line growth across all regions and channels, with 1Q25 revenue up 19% y/y, exceeding management’s FY25 guidance. The DTC strategy is gaining momentum, with plans to increase store count by ~40% and a growing membership base driving higher transaction values. Read the full article on Seeking Alpha
Seeking Alpha • Feb 21

Birkenstock Adds Winter Assortment, But The Stock Remains Too Expensive

Summary Birkenstock Holding plc reported 19% YOY revenue growth, but the market reacted negatively due to maintained full-year guidance of 15%-17%, indicating potential deceleration from last year's 20%. Wholesale growth outperformed at 30%, but 90% came from existing doors, raising saturation concerns; DTC growth slowed to 10% from 30% last year. Product diversification is promising, with closed-toe silhouettes making up 50% of revenue; Asia grew 47% YoY, now 13% of sales. BIRK stock valuation remains high at 27x NTM earnings, requiring flawless execution and sustained growth; maintain a Hold rating due to high fashion risk and revenue deceleration signs. Read the full article on Seeking Alpha
Seeking Alpha • Jan 03

Birkenstock: There's Still Room To Rise As ASP Expansion And China Growth Power Earnings

Summary I favor "growth at a reasonable price" stocks like Birkenstock, which has seen a ~20% rise and strong Q4 results. Birkenstock's gross margins fell in FY24 due to facility expansion but are expected to improve in FY25, moving closer to long-term targets. Increased production efficiency and an 8% ASP increase are boosting Birkenstock's margins, forecasting up to 50bps y/y expansion in adjusted EBITDA. Birkenstock shows strong growth potential in underpenetrated markets like Asia, making it a solid investment for continued success in 2025. The stock trades at a reasonable ~18x forward adjusted EBITDA multiple. Read the full article on Seeking Alpha
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新しいナラティブ • Dec 22

APAC Expansion And Closed-Toe Product Surge To Propel Revenue And Margins

Aggressive expansion in APAC and increased DTC sales boost revenue, with new store openings enhancing global retail presence.
Seeking Alpha • Dec 22

Birkenstock: Upside Is Not Attractive At The Current Valuation

Summary I assign a hold rating to Birkenstock due to limited upside potential despite strong fundamentals and positive outlook. BIRK's recent performance is impressive, with 22% y/y growth in 4Q24 and strong demand across all regions and channels. Management's conservative FY25 guidance of 15-17% y/y growth suggests potential for a "beat and raise" motion, but valuation limits upside. Read the full article on Seeking Alpha
Seeking Alpha • Oct 23

Birkenstock Holding: Undervalued, With Tailwinds Ahead

Summary Birkenstock is expanding into untapped Asian markets and emphasizing sustainability, creating strong growth potential and differentiation from competitors. Financial performance has been robust, with significant revenue and EBITDA growth, demonstrating resilience in a challenging economic environment. My DCF analysis indicates the stock is undervalued, with a potential 67.1% upside, supporting a "BUY" recommendation. Despite competition, Birkenstock's unique product features and sustainable practices mitigate risks, reinforcing its market position. Read the full article on Seeking Alpha
Seeking Alpha • Sep 05

Birkenstock: Stock Is Still Not Attractive After Price Drop

Summary Birkenstock's Q3 2024 showed an impressive 19% YoY revenue growth, but the stock price dropped 20% due to a revenue and earnings miss. Despite strong performance, high valuations and fashion risk make Birkenstock's stock inherently risky, leading me to maintain a Hold rating. The company's shift from DTC to B2B impacted gross margins, but management's guidance of 20% topline growth and 30% EBITDA margins remains intact. Birkenstock's current valuation requires excessive growth to justify its price, making future returns uncertain and supporting my Hold recommendation. Read the full article on Seeking Alpha
Seeking Alpha • Aug 30

Birkenstock: Decelerating Growth And Inflated Valuations Do Not Mix Well

Summary Birkenstock's shares trade at a very high valuation despite decelerating revenue growth, contracting gross profit margins, and insiders selling. The company's third-quarter results missed revenue and profit expectations, and forward guidance was weak. Birkenstock's strategy of creating artificial scarcity is risky and could backfire, giving competitors an opportunity to capture unmet demand. Despite generating significant cash flow and reducing net debt, the high valuation, and potential governance issues remain major concerns. Read the full article on Seeking Alpha
Seeking Alpha • Jul 30

Birkenstock Has A Great Brand And Potential, But The Stock Is Overvalued

Summary Birkenstock IPOed last year with a frothy valuation based on significant growth that has continued in FY24. The company has several interesting characteristics, including great brand equity, pricing power, and a relatively loyal customer base. The company is also growing tremendously in FY23 and FY24, which is more impressive in comparison with the generally bad performance of most discretionary companies during this period. Despite these positive aspects, Birkenstock's stock price already discounts most future positive developments, and exposes investors to significant risks. Read the full article on Seeking Alpha
Seeking Alpha • Jun 11

Birkenstock: Stellar Growth In Asia And Closed-Toe Shoes

Summary Birkenstock stock remains a long-term hold despite a 20%+ run-up year to date. The company's Q2 earnings release showed slightly accelerating revenue growth, with continued performance in Asia and strong sell-through results in Europe. The company is also noting that closed-toe shoes, in particular clogs, are making up a larger share of its revenue. Gross margins are suffering a current headwind from a manufacturing capacity expansion, but this is a signal that the company is preparing for operating at a much larger scale. Read the full article on Seeking Alpha
Seeking Alpha • Mar 30

Birkenstock: Aggressive Growth Trajectory Continues

Summary Birkenstock, the shoemaker that went public last year, has failed to rally beyond its IPO price, despite incredible financials. The company has shown strong Q4 results, with aggressive growth in direct-channel sales and a reduction in debt leverage. Birkenstock has an incredible growth trajectory, a broad product portfolio, efficient marketing strategies, and a stellar margin profile, making it a promising investment. It's growing >50% y/y in Asia, which is a largely underpenetrated market for the company. Read the full article on Seeking Alpha
Seeking Alpha • Feb 27

Birkenstock's Valuation Conundrum: Lofty Market Expectations Vs. Real Growth Hurdles

Summary Birkenstock's is trading at 6.5x NTM EV/Sales and 21.4x NTM EV/EBITDA respectively, with the current valuation implying a 17.7% annual growth rateover the next decade, while maintaining 30% EBITDA margin. The company is facing hurdles such as low/stagnant unit sales growth, rising costs, limited room for further price increases and hence a potential margin decline. With inventories levels at 40% of revenues, exceeding 30 million units, and a modest 5.5% unit growth in FY2023, signs point to potential low consumer demand. Given the free float is under 10%, skewing the current valuation from the market's true sentiment, our outlook on the stock is bearish. Read the full article on Seeking Alpha

収支内訳

Birkenstock Holding の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。

収益と収入の歴史

NYSE:BIRK 収益、費用、利益 ( )EUR Millions
日付収益収益G+A経費研究開発費
31 Mar 262,1823567130
31 Dec 252,1383797010
30 Sep 252,0973486880
30 Jun 252,0273076620
31 Mar 251,9572526430
31 Dec 241,8632196250
30 Sep 241,8051926130
30 Jun 241,7231116580
31 Mar 241,632996450
31 Dec 231,546776140
30 Sep 231,492755970
30 Jun 231,4391615200
31 Mar 231,3441544840
31 Dec 221,2201414580
30 Sep 221,2431874340
30 Sep 211,110-413650

質の高い収益: BIRKは 高品質の収益 を持っています。

利益率の向上: BIRKの現在の純利益率 (16.3%)は、昨年(12.9%)よりも高くなっています。

フリー・キャッシュフローと収益の比較

過去の収益成長分析

収益動向: BIRKの収益は過去 5 年間で年間39.9%増加しました。

成長の加速: BIRKの過去 1 年間の収益成長率 ( 40.9% ) は、5 年間の平均 ( 年間39.9%を上回っています。

収益対業界: BIRKの過去 1 年間の収益成長率 ( 40.9% ) はLuxury業界23.7%を上回りました。

株主資本利益率

高いROE: BIRKの 自己資本利益率 ( 12.3% ) は 低い とみなされます。

総資産利益率

使用総資本利益率

過去の好業績企業の発掘

7D

1Y

7D

1Y

7D

1Y

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2026/07/31 01:16
終値2026/07/31 00:00
収益2026/03/31
年間収益2025/09/30

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
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
市場価格30年
  • 株価
  • 配当、分割、措置
所有権10年
  • トップ株主
  • インサイダー取引
マネジメント10年
  • リーダーシップ・チーム
  • 取締役会
主な進展10年
  • 会社からのお知らせ

* 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

この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、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。

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

Birkenstock Holding plc 22 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。25

アナリスト機関
Mark AltschwagerBaird
Luca SolcaBernstein
Laurent VasilescuBNP Paribas