This Is Why Kering SA's (EPA:KER) CEO Compensation Looks Appropriate
Apr 19
French (CAC) Luxury Industry Analysis
UpdatedApr 22, 2024
DataAggregated Company Financials
Companies12
- 7D0.08%
- 3M19.3%
- 1Y-8.2%
- YTD11.6%
Over the last 7 days, the Luxury industry has remained flat, although notably Chausseria declined by 33%. Unfortunately though, the industry is down 8.2% over the past 12 months. As for the next few years, earnings are expected to grow by 8.3% per annum.
Industry Valuation and Performance
Has the French Luxury Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 24 Apr 2024 | €816.5b | €205.9b | €28.7b | 17.6x | 28.4x | 4x |
| Fri, 22 Mar 2024 | €864.3b | €205.9b | €28.7b | 19x | 30.1x | 4.2x |
| Sun, 18 Feb 2024 | €830.6b | €206.0b | €28.7b | 20x | 28.9x | 4x |
| Tue, 16 Jan 2024 | €685.0b | €203.5b | €30.0b | 15.1x | 22.8x | 3.4x |
| Thu, 14 Dec 2023 | €756.5b | €203.5b | €30.0b | 14.6x | 25.2x | 3.7x |
| Sat, 11 Nov 2023 | €704.9b | €203.5b | €30.0b | 14x | 23.5x | 3.5x |
| Mon, 09 Oct 2023 | €727.1b | €203.5b | €30.0b | 18.1x | 24.2x | 3.6x |
| Wed, 06 Sep 2023 | €764.6b | €203.6b | €30.0b | 18.1x | 25.5x | 3.8x |
| Fri, 04 Aug 2023 | €807.4b | €203.6b | €30.0b | 20.6x | 26.9x | 4x |
| Sun, 02 Jul 2023 | €849.2b | €191.1b | €26.8b | 17.1x | 31.6x | 4.4x |
| Tue, 30 May 2023 | €831.5b | €191.1b | €26.8b | 17.4x | 31x | 4.4x |
| Thu, 27 Apr 2023 | €864.1b | €191.1b | €26.8b | 22.6x | 32.2x | 4.5x |
| Sat, 25 Mar 2023 | €808.2b | €191.2b | €26.8b | 19.6x | 30.1x | 4.2x |
| Mon, 20 Feb 2023 | €811.0b | €191.2b | €26.9b | 20x | 30.2x | 4.2x |
| Wed, 18 Jan 2023 | €781.4b | €175.2b | €25.3b | 18.4x | 30.9x | 4.5x |
| Fri, 16 Dec 2022 | €694.8b | €175.2b | €25.3b | 19.7x | 27.5x | 4x |
| Sun, 13 Nov 2022 | €699.6b | €175.2b | €25.3b | 20.5x | 27.6x | 4x |
| Tue, 11 Oct 2022 | €599.3b | €175.2b | €25.3b | 17.2x | 23.7x | 3.4x |
| Thu, 08 Sep 2022 | €691.6b | €198.3b | €27.1b | 18.5x | 25.5x | 3.5x |
| Sat, 06 Aug 2022 | €741.2b | €198.3b | €27.1b | 20x | 27.3x | 3.7x |
| Mon, 04 Jul 2022 | €628.7b | €175.8b | €24.1b | 19.7x | 26.1x | 3.6x |
| Wed, 01 Jun 2022 | €650.6b | €175.7b | €24.1b | 20.5x | 27x | 3.7x |
| Fri, 29 Apr 2022 | €675.1b | €175.7b | €24.1b | 21.3x | 28.1x | 3.8x |
| Sun, 27 Mar 2022 | €696.2b | €166.4b | €23.0b | 26.2x | 30.3x | 4.2x |
| Tue, 22 Feb 2022 | €733.6b | €163.6b | €22.9b | 28.1x | 32x | 4.5x |
| Thu, 20 Jan 2022 | €775.0b | €151.6b | €20.3b | 31.9x | 38.2x | 5.1x |
| Sat, 18 Dec 2021 | €800.9b | €151.6b | €20.3b | 31.8x | 39.5x | 5.3x |
| Mon, 15 Nov 2021 | €812.9b | €151.6b | €20.3b | 33x | 40.1x | 5.4x |
| Wed, 13 Oct 2021 | €712.6b | €152.2b | €20.3b | 26.4x | 35.1x | 4.7x |
| Fri, 10 Sep 2021 | €754.4b | €152.3b | €20.3b | 26x | 37.2x | 5x |
| Sun, 08 Aug 2021 | €789.4b | €152.3b | €20.3b | 30.8x | 38.9x | 5.2x |
| Sat, 01 May 2021 | €679.6b | €138.6b | €15.3b | 37.8x | 44.5x | 4.9x |
Price to Earnings Ratio
44.5x
Current Industry PE
- Investors are relatively neutral on the French Luxury industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 30.8x.
- The industry is trading close to its 3-year average PS ratio of 4.2x.
Past Earnings Growth
- The earnings for companies in the Luxury industry have grown 23% per year over the last three years.
- Revenues for these companies have grown 14% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the French Consumer Discretionary industry?
| FR Market | -0.12% | |
| Consumer Discretionary | -0.033% | |
| Luxury | 0.084% | |
| Apparel, Accessories and Luxury Goods | 0.084% | |
| Textiles | 0% | |
| Footwear | -32.47% | |
Industry PE
- Investors are most optimistic about the Apparel, Accessories and Luxury Goods industry, which is trading close to its 3-year average PE ratio of 30.8x.
- Analysts expect its future annual earnings growth (8.3%) to be largely in line with prior year's earnings growth.
- Investors are most pessimistic about the Footwear industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
- Analysts are most optimistic on the Apparel, Accessories and Luxury Goods industry, expecting annual earnings growth of 8.3% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Apparel, Accessories and Luxury Goods industry is expected to see its earnings grow by 8.3% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| MC LVMH Moët Hennessy - Louis Vuitton Société Européenne | €799.60 | 2.3% +€8.9b | -10.1% | PE26.3x | |
| RMS Hermès International Société en commandite par actions | €2.36k | 2.9% +€6.9b | 18.2% | PE57.2x | |
| CDI Christian Dior | €747.50 | 1.9% +€2.5b | -12.5% | PE21.4x | |
| KER Kering | €350.20 | 2.9% +€1.2b | -40.2% | PE14.4x | |
| DPT S.T. Dupont | €0.058 | 16.0% +€7.5m | -55.2% | PS1.1x |
