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Prada

DB:PRP
Snowflake Description

Excellent balance sheet second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PRP
DB
HK$65B
Market Cap
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Last updated 2019/07/16 21:34
Company description

Prada S.p.A., together with its subsidiaries, designs, produces, sells, and distributes leather goods, handbags, footwear, apparel, and accessories in Europe, the Americas, the Asia Pacific, Japan, the Middle East, and Africa. The last earnings update was 112 days ago. More info.

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PRP Share Price and Events
7 Day Returns
-1.2%
DB:PRP
-0.5%
DE Luxury
-1%
DE Market
1 Year Returns
-26%
DB:PRP
35.2%
DE Luxury
-6.2%
DE Market
PRP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Prada (PRP) -1.2% 12.5% 11.6% -26% 3.4% -45.3%
DE Luxury -0.5% 7% 17.4% 35.2% 102.8% 164.5%
DE Market -1% 2.1% -1.8% -6.2% 10.4% 12.6%
1 Year Return vs Industry and Market
  • PRP underperformed the Luxury industry which returned 35.2% over the past year.
  • PRP underperformed the Market in Germany which returned -6.2% over the past year.
Price Volatility
PRP
Industry
5yr Volatility vs Market

PRP Value

 Is Prada undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Prada to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Prada.

DB:PRP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 24 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.6%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:PRP
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 9%
Luxury Unlevered Beta Simply Wall St/ S&P Global 0.81
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.812 (1 + (1- 24%) (12.39%)) 		0.925
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)		 0.93
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.925 * 9.02%) 		8.58%

Discounted Cash Flow Calculation for DB:PRP using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Prada is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:PRP DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 8.58%)
2020 311.97 Analyst x9 287.33
2021 290.65 Analyst x7 246.55
2022 283.00 Analyst x2 221.10
2023 321.00 Analyst x1 230.98
2024 322.67 Est @ 0.52% 213.84
2025 324.06 Est @ 0.43% 197.80
2026 325.27 Est @ 0.37% 182.86
2027 326.33 Est @ 0.33% 168.97
2028 327.31 Est @ 0.3% 156.08
2029 328.21 Est @ 0.28% 144.15
Present value of next 10 years cash flows €2,049.66
DB:PRP DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €328.21 × (1 + 0.23%) ÷ (8.58% – 0.23%) 		€3,940.70
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €3,940.70 ÷ (1 + 8.58%)10 		€1,730.79
DB:PRP Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €2,049.66 + €1,730.79 		€3,780.45
Equity Value per Share
(EUR)		 = Total value / Shares Outstanding
= €3,780.45 / 2,558.82 		€13.26
DB:PRP Discount to Share Price
Calculation Result
Exchange Rate EUR/HKD
(Reporting currency to currency of SEHK:1913) 		8.767
Value per Share
(HKD)		 = Value per Share in EUR x Exchange Rate (EUR/HKD)
= €1.48 x 8.767 		HK$12.95
Non-primary Listing Adjustment Factor 1 share in DB:PRP represents 0.11141x of SEHK:1913
(This could be a different class, a depositary receipt, a different currency, or all of these things.) 		0.11141x
Value per Share
(Listing Adjusted, EUR)		 = Value per Share (HKD) x Listing Adjustment Factor
= HK$ 12.95 x 0.11141 		€1.44
Value per share (EUR) From above. €1.44
Current discount Discount to share price of €2.81
= -1 x (€2.81 - €1.44) / €1.44 		-94.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Prada is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Prada's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Prada's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:PRP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €0.08
SEHK:1913 Share Price ** SEHK (2019-07-16) in HKD HK$25.25
SEHK:1913 Share Price converted to EUR reporting currency Exchange rate (HKD/ EUR) 0.114 €2.88
Germany Luxury Industry PE Ratio Median Figure of 7 Publicly-Listed Luxury Companies 23.44x
Germany Market PE Ratio Median Figure of 419 Publicly-Listed Companies 19.92x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Prada.

DB:PRP PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:1913 Share Price ÷ EPS (both in EUR)

= 2.88 ÷ 0.08

 35.87x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Prada is overvalued based on earnings compared to the DE Luxury industry average.
  • Prada is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Prada's expected growth come at a high price?
Raw Data
DB:PRP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 35.87x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 24 Analysts		 10.7%per year
Europe Luxury Industry PEG Ratio Median Figure of 38 Publicly-Listed Luxury Companies 1.9x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

DB:PRP PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 35.87x ÷ 10.7%

 3.36x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Prada is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Prada's assets?
Raw Data
DB:PRP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €1.12
SEHK:1913 Share Price * SEHK (2019-07-16) in HKD HK$25.25
SEHK:1913 Share Price converted to EUR reporting currency Exchange rate (HKD/ EUR) 0.114 €2.88
Germany Luxury Industry PB Ratio Median Figure of 11 Publicly-Listed Luxury Companies 1.32x
Germany Market PB Ratio Median Figure of 565 Publicly-Listed Companies 1.75x
DB:PRP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:1913 Share Price ÷ Book Value per Share (both in EUR)

= 2.88 ÷ 1.12

 2.56x

* Primary Listing of Prada.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Prada is overvalued based on assets compared to the DE Luxury industry average.
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Value checks
We assess Prada's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Luxury industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Luxury industry average (and greater than 0)? (1 check)
    5. Prada has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

PRP Future Performance

 How is Prada expected to perform in the next 1 to 3 years based on estimates from 24 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
10.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Prada expected to grow at an attractive rate?
  • Prada's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Prada's earnings growth is positive but not above the Germany market average.
  • Prada's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:PRP Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:PRP Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 24 Analysts 10.7%
DB:PRP Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 24 Analysts 4.2%
Germany Luxury Industry Earnings Growth Rate Market Cap Weighted Average 12.4%
Germany Luxury Industry Revenue Growth Rate Market Cap Weighted Average 7.2%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:PRP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 24 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:PRP Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31
2022-12-31 3,639 2
2021-12-31 3,580 556 297 19
2020-12-31 3,413 529 267 23
2019-12-31 3,257 505 270 24
DB:PRP Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 3,142 365 205
2017-12-31 2,990 487 238
2017-07-31 3,099 573 252
2017-04-30 3,141 603 265
2017-01-31 3,184 632 278
2016-10-31 3,334 617 306
2016-07-31 3,278 572 284
2016-04-30 3,497 476 343
2016-01-31 3,548 368 331

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Prada's earnings are expected to grow by 10.7% yearly, however this is not considered high growth (20% yearly).
  • Prada's revenue is expected to grow by 4.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:PRP Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 24 Analyst Estimates (S&P Global) See Below

All data from Prada Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:PRP Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.12 0.18 0.10 16.00
2020-12-31 0.10 0.16 0.09 20.00
2019-12-31 0.10 0.14 0.08 21.00
DB:PRP Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 0.08
2017-12-31 0.09
2017-07-31 0.10
2017-04-30 0.10
2017-01-31 0.11
2016-10-31 0.12
2016-07-31 0.11
2016-04-30 0.13
2016-01-31 0.13

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Prada is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Prada's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Prada has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

PRP Past Performance

  How has Prada performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Prada's growth in the last year to its industry (Luxury).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Prada's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Prada's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Prada's 1-year earnings growth is negative, it can't be compared to the DE Luxury industry average.
Earnings and Revenue History
Prada's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Prada Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:PRP Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 3,142.15 205.44 1,813.43 125.18
2017-12-31 2,990.29 237.51 1,743.42 127.13
2017-07-31 3,098.53 252.15 1,744.81 126.55
2017-04-30 3,141.30 265.24 1,739.62 125.01
2017-01-31 3,184.07 278.33 1,734.42 123.46
2016-10-31 3,334.35 305.94 1,802.69 131.91
2016-07-31 3,277.51 284.22 1,811.62 128.67
2016-04-30 3,496.67 343.10 1,872.88 136.40
2016-01-31 3,547.77 330.89 1,930.44 134.27
2015-10-31 3,582.22 366.49 1,890.31 132.35
2015-07-31 3,624.81 394.48 1,865.44 132.21
2015-04-30 3,602.14 404.14 1,806.11 133.76
2015-01-31 3,551.70 450.73 1,716.85 132.58
2014-10-31 3,563.27 506.23 1,685.91 131.90
2014-07-31 3,610.60 564.39 1,651.43 133.09
2014-04-30 3,582.79 594.96 1,617.91 130.21
2014-01-31 3,587.35 627.79 1,579.62 129.81
2013-10-31 3,534.00 658.01 1,519.80 126.72
2013-07-31 3,477.91 647.51 1,463.18 121.55
2013-04-30 3,392.78 642.12 1,421.58 114.14
2013-01-31 3,297.22 625.68 1,375.53 111.37
2012-10-31 3,164.55 567.32 1,318.84 108.90
2012-07-31 2,968.70 538.81 1,251.01 107.89

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Prada has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Prada used its assets less efficiently than the DE Luxury industry average last year based on Return on Assets.
  • Prada's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Prada's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Luxury industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Prada has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

PRP Health

 How is Prada's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Prada's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Prada is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Prada's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Prada's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Prada Company Filings, last reported 6 months ago.

DB:PRP Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 2,897.07 911.27 612.79
2017-12-31 2,866.17 994.06 901.05
2017-07-31 2,798.94 890.77 677.05
2017-04-30 2,798.94 890.77 677.05
2017-01-31 3,104.53 701.06 726.87
2016-10-31 3,104.53 701.06 726.87
2016-07-31 2,915.05 926.93 681.00
2016-04-30 2,915.05 926.93 681.00
2016-01-31 3,097.38 795.45 685.41
2015-10-31 3,015.17 725.77 530.69
2015-07-31 2,978.38 810.43 552.87
2015-04-30 3,101.14 464.53 594.44
2015-01-31 3,018.15 520.91 713.26
2014-10-31 2,814.87 432.71 528.09
2014-07-31 2,682.40 511.52 515.82
2014-04-30 2,792.66 338.84 694.35
2014-01-31 2,701.54 273.99 574.15
2013-10-31 2,522.49 287.66 596.34
2013-07-31 2,401.30 244.80 442.97
2013-04-30 2,482.53 250.48 612.16
2013-01-31 2,330.49 259.42 572.96
2012-10-31 2,134.10 302.52 513.87
2012-07-31 2,027.34 305.24 393.99
  • Prada's level of debt (31.5%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (10.6% vs 31.5% today).
  • Debt is well covered by operating cash flow (40%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 92.4x coverage).
Show me more healthy companies in the Luxury industry
X
Financial health checks
We assess Prada's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
    7. Prada has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

PRP Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.08%
Current annual income from Prada dividends. Estimated to be 2.97% next year.
If you bought €2,000 of Prada shares you are expected to receive €42 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Prada's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.46%).
  • Prada's dividend is below the markets top 25% of dividend payers in Germany (3.82%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:PRP Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 24 Analyst Estimates (S&P Global) See Below
Germany Luxury Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 1.4%
Germany Market Average Dividend Yield Market Cap Weighted Average of 325 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:PRP Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31 0.14 1.00
2021-12-31 0.10 17.00
2020-12-31 0.08 21.00
2019-12-31 0.08 22.00
DB:PRP Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-26 0.060 2.269
2018-03-23 0.075 2.158
2017-04-25 0.120 3.755
2017-04-12 0.120 2.975
2016-05-24 0.110 3.475
2015-05-26 0.110 3.293
2014-04-15 0.110 2.128
2013-04-18 0.090 1.357
2012-04-19 0.050 0.827
2012-03-29 0.050 1.008
2011-11-29 0.000 0.000
2011-10-19 0.000 0.000
2011-09-19 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Prada has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Prada only paid a dividend in the past 7 years.
Current Payout to shareholders
What portion of Prada's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.2x coverage).
X
Income/ dividend checks
We assess Prada's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Prada afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
    7. Prada has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

PRP Management

 What is the CEO of Prada's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Patrizio Bertelli
COMPENSATION €12,405,000
AGE 73
TENURE AS CEO 7.1 years
CEO Bio

Mr. Patrizio Bertelli serves as the Chief Executive Officer at Prada S.p.A since June 7, 2012. He is Co-Founder at Prada Holding B.V. He serves as an Executive Director since November 20, 2003 and Director from November 20, 2003 to May 22, 2012 of Prada SpA. Mr. Bertelli holds Degree in Business Economics from the University of Florence in October 2000.

CEO Compensation
  • Patrizio's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Patrizio's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Prada management team in years:

6.5
Average Tenure
56
Average Age
  • The average tenure for the Prada management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Carlo Mazzi

TITLE
Chairman
COMPENSATION
€1M
AGE
73

Patrizio Bertelli

TITLE
CEO & Executive Director
COMPENSATION
€12M
AGE
73
TENURE
7.1 yrs

Miuccia Prada Bianchi

TITLE
CEO, President & Executive Director
COMPENSATION
€12M
AGE
71
TENURE
5.4 yrs

Alessandra Cozzani

TITLE
CFO, Investor Relations Director & Executive Director
COMPENSATION
€759K
AGE
56
TENURE
3.4 yrs

Lorenzo Bertelli

TITLE
Head of Group Marketing & Communication
AGE
31

Stefano Rastrelli

TITLE
Group Human Resources Director
AGE
56
TENURE
6.5 yrs

Patrizia Albano

TITLE
Group Corporate Affairs Director & Joint Company Secretary
AGE
66

Ying-Kwai Yuen

TITLE
Joint Company Secretary
AGE
53
TENURE
8.2 yrs

Anthony Romano

TITLE
Church Group Chief Executive Officer
AGE
52
TENURE
2.5 yrs

Armando Tolomelli

TITLE
Asia Pacific Regional Director
AGE
53
TENURE
14 yrs
Board of Directors Tenure

Average tenure and age of the Prada board of directors in years:

7.7
Average Tenure
71.5
Average Age
  • The tenure for the Prada board of directors is about average.
Board of Directors

Patrizio Bertelli

TITLE
CEO & Executive Director
COMPENSATION
€12M
AGE
73
TENURE
15.7 yrs

Miuccia Prada Bianchi

TITLE
CEO, President & Executive Director
COMPENSATION
€12M
AGE
71
TENURE
15.7 yrs

Alessandra Cozzani

TITLE
CFO, Investor Relations Director & Executive Director
COMPENSATION
€759K
AGE
56
TENURE
5.6 yrs

Gian Franco Mattei

TITLE
Independent Non Executive Director
COMPENSATION
€153K
AGE
73

Carlo Mazzi

TITLE
Chairman
COMPENSATION
€1M
AGE
73
TENURE
5.4 yrs

Antonino Parisi

TITLE
Chairman of Board of Statutory Auditors

David Terracina

TITLE
Standing Member of Board of Statutory Auditors
TENURE
7.2 yrs

Maurizio Cereda

TITLE
Independent Non-Executive Director
COMPENSATION
€73K
AGE
55
TENURE
3.2 yrs

JP Liu

TITLE
Independent Non-Executive Director
COMPENSATION
€67K
AGE
63
TENURE
8.2 yrs

Giancarlo Forestieri

TITLE
Independent Non-Executive Director
COMPENSATION
€65K
AGE
72
TENURE
12.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
14. Feb 19 Buy JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 11. Feb 19 11. Feb 19 4,585 €3.17 €14,522
05. Feb 19 Buy OppenheimerFunds, Inc. Company 31. Jan 19 31. Jan 19 1,447,400 €2.88 €4,165,240
23. Jan 19 Sell JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 18. Jan 19 18. Jan 19 -2,397,700 €2.74 €-6,569,801
29. Oct 18 Buy JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 24. Oct 18 24. Oct 18 9,101,800 €3.05 €27,795,920
25. Jul 18 Sell OppenheimerFunds, Inc. Company 23. Jul 18 23. Jul 18 -206,300 €3.69 €-761,571
X
Management checks
We assess Prada's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
    5. Prada has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

PRP News

Simply Wall St News

PRP Company Info

Description

Prada S.p.A., together with its subsidiaries, designs, produces, sells, and distributes leather goods, handbags, footwear, apparel, and accessories in Europe, the Americas, the Asia Pacific, Japan, the Middle East, and Africa. The company offers its products under the Prada, Miu Miu, Church's, Car Shoe, and Pasticceria Marchesi brands. It also provides eyewear and fragrances under licensing agreements. As of December 31, 2018, it had 634 directly operated stores in approximately 70 countries worldwide. The company also sells its products through a network of luxury department stores, independent retailers, franchise stores, and online retailers. In addition, it is involved in the food and beverage, and real estate businesses; and operation of duty-free stores. The company was founded in 1913 and is headquartered in Milan, Italy. Prada S.p.A. is a subsidiary of Prada Holding S.p.A.

Details
Name: Prada S.p.A.
PRP
Exchange: DB
Founded: 1913
HK$7,369,534,893
2,558,824,000
Website: http://www.pradagroup.com
Address: Prada S.p.A.
Via Antonio Fogazzaro, 28,
Milan,
Milan, 20135,
Italy
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 1913 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 24. Jun 2011
OTCPK PRDS.F Ordinary Shares Pink Sheets LLC US USD 24. Jun 2011
DB PRP Ordinary Shares Deutsche Boerse AG DE EUR 24. Jun 2011
SWX PRP Ordinary Shares SIX Swiss Exchange CH CHF 24. Jun 2011
OTCPK PRDS.Y UNSPONSORED ADR Pink Sheets LLC US USD 10. Aug 2011
Number of employees
Current staff
Staff numbers
13,556
Prada employees.
Industry
Apparel, Accessories and Luxury Goods
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/16 21:34
End of day share price update: 2019/07/16 00:00
Last estimates confirmation: 2019/07/15
Last earnings filing: 2019/03/26
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.

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