XTRA:PUM

Stock Analysis Report

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Executive Summary

PUMA SE, together with its subsidiaries, designs, develops, sells, and markets footwear, apparel, and accessories.


Snowflake Analysis

Excellent balance sheet with reasonable growth potential.


Similar Companies

Share Price & News

How has PUMA's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: PUM's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

6.4%

PUM

8.3%

DE Luxury

3.1%

DE Market


1 Year Return

23.3%

PUM

-6.4%

DE Luxury

0.1%

DE Market

Return vs Industry: PUM exceeded the German Luxury industry which returned -8.3% over the past year.

Return vs Market: PUM exceeded the German Market which returned 0% over the past year.


Shareholder returns

PUMIndustryMarket
7 Day6.4%8.3%3.1%
30 Day10.5%12.1%5.6%
90 Day-7.3%-6.0%-1.8%
1 Year23.3%23.3%-6.3%-6.4%1.8%0.1%
3 Year86.7%80.2%35.6%30.9%-7.2%-14.3%
5 Year377.4%341.6%169.9%144.7%4.3%-9.1%

Price Volatility Vs. Market

How volatile is PUMA's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is PUMA undervalued compared to its fair value and its price relative to the market?

47x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: PUM (€64.18) is trading above our estimate of fair value (€45.08)

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


Price To Earnings Ratio

PE vs Industry: PUM is poor value based on its PE Ratio (47x) compared to the Luxury industry average (23.1x).

PE vs Market: PUM is poor value based on its PE Ratio (47x) compared to the German market (18.9x).


Price to Earnings Growth Ratio

PEG Ratio: PUM is poor value based on its PEG Ratio (1.3x)


Price to Book Ratio

PB vs Industry: PUM is overvalued based on its PB Ratio (4.9x) compared to the DE Luxury industry average (1.6x).


Next Steps

Future Growth

How is PUMA forecast to perform in the next 1 to 3 years based on estimates from 21 analysts?

35.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PUM's forecast earnings growth (35.8% per year) is above the savings rate (0.2%).

Earnings vs Market: PUM's earnings (35.8% per year) are forecast to grow faster than the German market (21.6% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: PUM's revenue (10.4% per year) is forecast to grow faster than the German market (5.7% per year).

High Growth Revenue: PUM's revenue (10.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: PUM's Return on Equity is forecast to be low in 3 years time (17.1%).


Next Steps

Past Performance

How has PUMA performed over the past 5 years?

37.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PUM has high quality earnings.

Growing Profit Margin: PUM's current net profit margins (3.7%) are lower than last year (4.4%).


Past Earnings Growth Analysis

Earnings Trend: PUM's earnings have grown significantly by 37.7% per year over the past 5 years.

Accelerating Growth: PUM's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: PUM had negative earnings growth (-4.8%) over the past year, making it difficult to compare to the Luxury industry average (-27%).


Return on Equity

High ROE: PUM's Return on Equity (12.7%) is considered low.


Next Steps

Financial Health

How is PUMA's financial position?


Financial Position Analysis

Short Term Liabilities: PUM's short term assets (€2.7B) exceed its short term liabilities (€1.7B).

Long Term Liabilities: PUM's short term assets (€2.7B) exceed its long term liabilities (€956.4M).


Debt to Equity History and Analysis

Debt Level: PUM's debt to equity ratio (13.7%) is considered satisfactory.

Reducing Debt: PUM's debt to equity ratio has increased from 8.6% to 13.7% over the past 5 years.

Debt Coverage: PUM's debt is well covered by operating cash flow (204.1%).

Interest Coverage: PUM's interest payments on its debt are well covered by EBIT (8.4x coverage).


Balance Sheet


Next Steps

Dividend

What is PUMA's current dividend yield, its reliability and sustainability?

0.85%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate PUM's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate PUM's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if PUM's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if PUM's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: PUM is not paying a notable dividend for the German market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of PUM's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

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

4.9yrs

Average management tenure


CEO

Bjørn Gulden (54yo)

6.83yrs

Tenure

Mr. Bjørn Gulden has been the Chief Executive Officer of PUMA SE since July 1, 2013 and also serves as its Managing director and Member of Management Board. Mr. Gulden served as the Chief Executive Officer ...


Leadership Team

NamePositionTenureCompensationOwnership
Bjørn Gulden
CEO & Member of Management Board6.83yrsno datano data
Michael Lämmermann
CFO & Member of Management Board7.33yrsno datano data
Anne-Laure Descours
Chief Sourcing Officer & Member of the Management Board1.17yrsno datano data
Johan-Philip Kuhlo
Head of Investor Relations & Senior Manager of Global Strategyno datano datano data
Raliza Koleva
Chief Compliance Officer2.92yrsno datano data
Kerstin Neuber
Senior Head of Communicationsno datano datano data
Dietmar Knöss
Global Director of People & Organizationno datano datano data
Stefan Seidel
Head of Corporate Sustainabilityno datano datano data
Abhishek Ganguly
Managing Director at Puma Indiano datano datano data
Ruth How
Head of Marketing UKno datano datano data

4.9yrs

Average Tenure

54yo

Average Age

Experienced Management: PUM's management team is considered experienced (4.9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Thore Ohlsson
Deputy Chairman of the Supervisory Boardno datano datano data
Jean-François Palus
Chairman of the Supervisory Boardno datano datano data
Héloïse Temple-Boyer
Member of Supervisory Board1.08yrsno datano data
Bernd Illig
Employees Representative Member of Supervisory Board1.83yrsno datano data
Martin Köppel
Employees Representative Member of Supervisory Boardno datano datano data
Fiona May
Member of Supervisory Board1.08yrsno datano data

1.1yrs

Average Tenure

58yo

Average Age

Experienced Board: PUM's board of directors are not considered experienced ( 1.1 years average tenure), which suggests a new board.


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

PUMA SE's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: PUMA SE
  • Ticker: PUM
  • Exchange: XTRA
  • Founded: 1924
  • Industry: Footwear
  • Sector: Consumer Durables
  • Market Cap: €9.598b
  • Shares outstanding: 149.55m
  • Website: https://www.puma.com

Number of Employees


Location

  • PUMA SE
  • PUMA WAY 1
  • Herzogenaurach
  • Bavaria
  • 91074
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PMMA.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1992
PUMDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992
0NQELSE (London Stock Exchange)YesOrdinary SharesGBEURJan 1992
PUMXTRA (XETRA Trading Platform)YesOrdinary SharesDEEURJan 1992
PUMDBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJan 1992
PUMSWX (SIX Swiss Exchange)YesOrdinary SharesCHCHFJan 1992
PUMWBAG (Wiener Boerse AG)YesOrdinary SharesATEURJan 1992
PUMBIT (Borsa Italiana)YesOrdinary SharesITEURJan 1992
PUM NBMV (Bolsa Mexicana de Valores)YesOrdinary SharesMXMXNJan 1992
PUMS.YOTCPK (Pink Sheets LLC)UNSPONSORD ADRUSUSDNov 2017
PUMADB (Deutsche Boerse AG)UNSPONSORD ADRDEEURNov 2017

Biography

PUMA SE, together with its subsidiaries, designs, develops, sells, and markets footwear, apparel, and accessories. The company offers performance and sport-inspired lifestyle products in categories, such as football, cricket, running, training and fitness, golf, and motorsports. It also issues licenses to independent partners to design, develop, manufacture, and sell fragrances, eyewear, and watches. The company sells its products through PUMA stores and factory outlets, as well as through online stores. PUMA SE offers its products primarily under the PUMA and Cobra Golf brand names. The company was founded in 1924 and is headquartered in Herzogenaurach, Germany. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/29 22:14
End of Day Share Price2020/05/29 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.