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CFR

Compagnie Financière RichemontSWX:CFR Stock Report

Market Cap

CHF57.4b

7D

1.0%

1Y

65.8%

Updated

25 Sep, 2021

Data

Company Financials +
CFR fundamental analysis
Snowflake Score
Valuation0/6
Future Growth3/6
Past Performance3/6
Financial Health4/6
Dividends4/6

CFR Overview

Compagnie Financière Richemont SA engages in the luxury goods business in Europe, the Middle East, Africa, Asia, and the Americas.

Compagnie Financière Richemont Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Compagnie Financière Richemont
Historical stock prices
Current Share PriceCHF100.45
52 Week HighCHF56.20
52 Week LowCHF119.00
Beta1.3
1 Month Change-3.04%
3 Month Change-11.38%
1 Year Change65.76%
3 Year Change25.56%
5 Year Change69.68%
Change since IPO2,578.67%

Recent News & Updates

Shareholder Returns

CFRCH LuxuryCH Market
7D1.0%1.0%-0.9%
1Y65.8%53.6%18.4%

Return vs Industry: CFR exceeded the Swiss Luxury industry which returned 53.6% over the past year.

Return vs Market: CFR exceeded the Swiss Market which returned 18.4% over the past year.

Price Volatility

Is CFR's price volatile compared to industry and market?
CFR volatility
CFR Beta1.3
Industry Beta0.88
Market Beta1

Stable Share Price: CFR is not significantly more volatile than the rest of Swiss stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: CFR's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
197934,760Jerome Lamberthttps://www.richemont.com

Compagnie Financière Richemont SA engages in the luxury goods business in Europe, the Middle East, Africa, Asia, and the Americas. The company operates through Jewellery Maisons, Specialist Watchmakers, and Online Distributors segments. It designs, manufactures, and distributes jewelry products; and precision timepieces, watches, and writing instruments, as well as clothing, and leather goods and accessories.

Compagnie Financière Richemont Fundamentals Summary

How do Compagnie Financière Richemont's earnings and revenue compare to its market cap?
CFR fundamental statistics
Market Cap€52.96b
Earnings (TTM)€1.30b
Revenue (TTM)€13.14b

40.7x

P/E Ratio

4.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CFR income statement (TTM)
Revenue€13.14b
Cost of Revenue€5.29b
Gross Profit€7.86b
Expenses€6.56b
Earnings€1.30b

Last Reported Earnings

Mar 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)2.28
Gross Margin59.78%
Net Profit Margin9.90%
Debt/Equity Ratio56.1%

How did CFR perform over the long term?

See historical performance and comparison

Dividends

2.0%

Current Dividend Yield

79%

Payout Ratio

Valuation

Is Compagnie Financière Richemont undervalued compared to its fair value and its price relative to the market?

40.71x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: CFR (CHF100.45) is trading above our estimate of fair value (CHF98.12)

Significantly Below Fair Value: CFR is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: CFR is poor value based on its PE Ratio (40.7x) compared to the European Luxury industry average (21.8x).

PE vs Market: CFR is poor value based on its PE Ratio (40.7x) compared to the Swiss market (21.3x).


Price to Earnings Growth Ratio

PEG Ratio: CFR is poor value based on its PEG Ratio (2.2x)


Price to Book Ratio

PB vs Industry: CFR is overvalued based on its PB Ratio (3x) compared to the XE Luxury industry average (2.2x).


Future Growth

How is Compagnie Financière Richemont forecast to perform in the next 1 to 3 years based on estimates from 22 analysts?

18.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CFR's forecast earnings growth (18.8% per year) is above the savings rate (-0.3%).

Earnings vs Market: CFR's earnings (18.8% per year) are forecast to grow faster than the Swiss market (9.8% per year).

High Growth Earnings: CFR's earnings are forecast to grow, but not significantly.

Revenue vs Market: CFR's revenue (9.7% per year) is forecast to grow faster than the Swiss market (5.1% per year).

High Growth Revenue: CFR's revenue (9.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CFR's Return on Equity is forecast to be low in 3 years time (13.8%).


Past Performance

How has Compagnie Financière Richemont performed over the past 5 years?

-6.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CFR has high quality earnings.

Growing Profit Margin: CFR's current net profit margins (9.9%) are higher than last year (6.6%).


Past Earnings Growth Analysis

Earnings Trend: CFR's earnings have declined by 6.4% per year over the past 5 years.

Accelerating Growth: CFR's earnings growth over the past year (39.4%) exceeds its 5-year average (-6.4% per year).

Earnings vs Industry: CFR earnings growth over the past year (39.4%) underperformed the Luxury industry 88.9%.


Return on Equity

High ROE: CFR's Return on Equity (7.2%) is considered low.


Financial Health

How is Compagnie Financière Richemont's financial position?


Financial Position Analysis

Short Term Liabilities: CFR's short term assets (€21.2B) exceed its short term liabilities (€8.1B).

Long Term Liabilities: CFR's short term assets (€21.2B) exceed its long term liabilities (€9.3B).


Debt to Equity History and Analysis

Debt Level: CFR's debt to equity ratio (56.1%) is considered high.

Reducing Debt: CFR's debt to equity ratio has increased from 16.4% to 56.1% over the past 5 years.

Debt Coverage: CFR's debt is well covered by operating cash flow (32.1%).

Interest Coverage: CFR's interest payments on its debt are well covered by EBIT (11.3x coverage).


Balance Sheet


Dividend

What is Compagnie Financière Richemont current dividend yield, its reliability and sustainability?

1.96%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CFR's dividend (1.96%) is higher than the bottom 25% of dividend payers in the Swiss market (1.37%).

High Dividend: CFR's dividend (1.96%) is low compared to the top 25% of dividend payers in the Swiss market (3.6%).


Stability and Growth of Payments

Stable Dividend: CFR's dividend payments have been volatile in the past 10 years.

Growing Dividend: CFR's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (78.5%), CFR's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: CFR's dividends in 3 years are forecast to be covered by earnings (52.1% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.9yrs

Average management tenure


CEO

Jerome Lambert (52 yo)

2.92yrs

Tenure

€4,148,761

Compensation

Mr. Jerome Lambert has been the Chief Executive Officer of MontblancSimplo GmbH (also known as Montblanc-Simplo GmbH (formerly known as Montblanc International) GMBH) and Mont Blanc S.A.S. since July 1, 20...


CEO Compensation Analysis

Compensation vs Market: Jerome's total compensation ($USD4.86M) is about average for companies of similar size in the Swiss market ($USD5.41M).

Compensation vs Earnings: Jerome's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: CFR's management team is considered experienced (2.9 years average tenure).


Board Members

Experienced Board: CFR's board of directors are considered experienced (7.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Compagnie Financière Richemont SA's employee growth, exchange listings and data sources


Key Information

  • Name: Compagnie Financière Richemont SA
  • Ticker: CFR
  • Exchange: SWX
  • Founded: 1979
  • Industry: Apparel, Accessories and Luxury Goods
  • Sector: Consumer Durables
  • Market Cap: CHF57.385b
  • Shares outstanding: 571.28m
  • Website: https://www.richemont.com

Number of Employees


Location

  • Compagnie Financière Richemont SA
  • 50, chemin de la ChEnaie
  • CP30
  • Bellevue
  • Geneva
  • 1293
  • Switzerland

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/25 17:02
End of Day Share Price2021/09/24 00:00
Earnings2021/03/31
Annual Earnings2021/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.