Kering Valuation

Is PPX undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of PPX when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: PPX (€231.55) is trading below our estimate of fair value (€294.73)

Significantly Below Fair Value: PPX is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for PPX?

Key metric: As PPX is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for PPX. This is calculated by dividing PPX's market cap by their current earnings.
What is PPX's PE Ratio?
PE Ratio13.8x
Earnings€2.08b
Market Cap€28.71b

Price to Earnings Ratio vs Peers

How does PPX's PE Ratio compare to its peers?

The above table shows the PE ratio for PPX vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average41x
ADS adidas
110.8x37.9%€42.2b
BOSS Hugo Boss
14x13.3%€3.0b
BIJ Bijou Brigitte modische Accessoires
12.7xn/a€263.7m
PUM PUMA
26.3x18.5%€6.8b
PPX Kering
13.8x8.4%€28.7b

Price-To-Earnings vs Peers: PPX is good value based on its Price-To-Earnings Ratio (13.8x) compared to the peer average (41x).


Price to Earnings Ratio vs Industry

How does PPX's PE Ratio compare vs other companies in the European Luxury Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
PPX 13.8xIndustry Avg. 16.1xNo. of Companies8PE01020304050+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: PPX is good value based on its Price-To-Earnings Ratio (13.8x) compared to the European Luxury industry average (16.1x).


Price to Earnings Ratio vs Fair Ratio

What is PPX's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

PPX PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.8x
Fair PE Ratio21.3x

Price-To-Earnings vs Fair Ratio: PPX is good value based on its Price-To-Earnings Ratio (13.8x) compared to the estimated Fair Price-To-Earnings Ratio (21.3x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst PPX forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€231.55
€253.38
+9.4%
20.3%€448.00€190.00n/a26
Dec ’25€220.15
€254.38
+15.6%
20.1%€448.00€180.00n/a26
Nov ’25€230.45
€257.00
+11.5%
20.1%€448.00€180.00n/a26
Oct ’25€253.25
€297.28
+17.4%
27.0%€575.00€208.00n/a25
Sep ’25€260.75
€326.56
+25.2%
21.8%€575.00€260.00n/a25
Aug ’25€277.00
€333.08
+20.2%
21.6%€575.00€260.00n/a25
Jul ’25€345.00
€369.46
+7.1%
17.0%€575.00€300.00n/a24
Jun ’25€316.05
€373.88
+18.3%
17.3%€575.00€300.00n/a24
May ’25€330.05
€377.08
+14.3%
17.2%€575.00€300.00n/a24
Apr ’25€365.70
€435.75
+19.2%
10.9%€575.00€372.00n/a24
Mar ’25€424.80
€452.92
+6.6%
11.8%€600.00€400.00n/a25
Feb ’25€380.30
€464.69
+22.2%
13.6%€610.00€400.00n/a26
Jan ’25€400.50
€475.38
+18.7%
12.7%€610.00€400.00n/a26
Dec ’24€394.45
€494.96
+25.5%
14.0%€650.00€419.00€220.1526
Nov ’24€381.40
€501.73
+31.5%
13.0%€650.00€419.00€230.4526
Oct ’24€434.55
€587.31
+35.2%
12.4%€730.00€430.00€253.2526
Sep ’24€489.55
€617.08
+26.0%
9.2%€730.00€511.00€260.7526
Aug ’24€520.00
€622.58
+19.7%
9.2%€730.00€526.00€277.0024
Jul ’24€502.70
€633.75
+26.1%
10.5%€770.00€498.00€345.0026
Jun ’24€495.80
€650.68
+31.2%
9.3%€770.00€550.00€316.0526
May ’24€574.30
€648.22
+12.9%
9.3%€770.00€550.00€330.0526
Apr ’24€598.00
€650.46
+8.8%
9.6%€770.00€550.00€365.7025
Mar ’24€567.60
€640.47
+12.8%
10.3%€770.00€550.00€424.8027
Feb ’24€566.00
€616.69
+9.0%
9.8%€760.00€500.00€380.3027
Jan ’24€479.60
€620.32
+29.3%
10.6%€760.00€500.00€400.5027
Dec ’23€570.00
€635.58
+11.5%
10.6%€780.00€500.00€394.4527

Analyst Forecast: Target price is less than 20% higher than the current share price.


Discover undervalued companies

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 21:26
End of Day Share Price 2024/12/20 00:00
Earnings2024/06/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Kering SA is covered by 60 analysts. 24 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Alejandro AcostaAlezor Research
Pierre-Yves GauthierAlphaValue
null nullBanco de Sabadell. S.A.