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

KER is good value based on its Price-To-Earnings Ratio (13.8x) compared to the peer average (27.8x).

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

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

What is KER'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.

KER is good value based on its Price-To-Earnings Ratio (13.8x) compared to the estimated Fair Price-To-Earnings Ratio (17.5x).

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

KER (€234.2) is trading below our estimate of [[fair value]] (€294.67)

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

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

KER Stock Overview

Manages the development of a series of renowned houses in fashion, leather goods and jewelry in France, the Asia-Pacific, Western Europe, North America, Japan, and internationally. More details

KER fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	1/6
Past Performance	2/6
Financial Health	3/6
Dividends	4/6

Rewards

Trading at 20.5% below our estimate of its fair value

Earnings are forecast to grow 8.38% per year

Trading at good value compared to peers and industry

Risk Analysis

Profit margins (11.3%) are lower than last year (16.6%)

Has a high level of debt

Unstable dividend track record

My Notes

Capture your thoughts, links and company narrative

Kering SA Competitors

Christian Dior

ENXTPA:CDI

€107.0b

Hermès International Société en commandite par actions

ENXTPA:RMS

€241.3b

LVMH Moët Hennessy - Louis Vuitton Société Européenne

ENXTPA:MC

€313.8b

ANTA Sports Products

SEHK:2020

HK$227.5b

Price History & Performance

Summary of share price highs, lows and changes for Kering
Historical stock prices
Current Share Price	€234.20
52 Week High	€438.60
52 Week Low	€206.55
Beta	1.01
1 Month Change	11.47%
3 Month Change	5.54%
1 Year Change	-41.13%
3 Year Change	-65.91%
5 Year Change	-60.35%
Change since IPO	1,033.36%

Some Shareholders Feeling Restless Over Kering SA's (EPA:KER) P/E Ratio

Dec 16

Capital Allocation Trends At Kering (EPA:KER) Aren't Ideal

Dec 02

Recent updates

Here's What Analysts Are Forecasting For Kering SA (EPA:KER) After Its Full-Year Results

Feb 11

Kering (EPA:KER) May Have Issues Allocating Its Capital

Feb 09

An Intrinsic Calculation For Kering SA (EPA:KER) Suggests It's 35% Undervalued

Jan 26

Earnings Not Telling The Story For Kering SA (EPA:KER)

Jan 09

Shareholder Returns

	KER	FR Luxury	FR Market
7D	-4.0%	-0.6%	-1.7%
1Y	-41.1%	-7.7%	-4.8%

Return vs Industry: KER underperformed the French Luxury industry which returned -7.7% over the past year.

Return vs Market: KER underperformed the French Market which returned -4.8% over the past year.

Price Volatility

Is KER's price volatile compared to industry and market?
KER volatility
KER Average Weekly Movement	6.4%
Luxury Industry Average Movement	5.0%
Market Average Movement	4.5%
10% most volatile stocks in FR Market	9.7%
10% least volatile stocks in FR Market	2.3%

Stable Share Price: KER has not had significant price volatility in the past 3 months compared to the French market.

Volatility Over Time: KER's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1963	46,444	François-Henri Pinault	www.kering.com

Kering SA manages the development of a series of renowned houses in fashion, leather goods and jewelry in France, the Asia-Pacific, Western Europe, North America, Japan, and internationally. The company offers ready-to-wear products apparel and accessories for men and women. It also offers leather goods and shoes; watches and jewelry; eyewear products; and fragrances and cosmetics.

Kering SA Fundamentals Summary

How do Kering's earnings and revenue compare to its market cap?
KER fundamental statistics
Market cap	€28.71b
Earnings (TTM)	€2.08b
Revenue (TTM)	€18.45b

13.8x

P/E Ratio

1.6x

P/S Ratio

Is KER overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
KER income statement (TTM)
Revenue	€18.45b
Cost of Revenue	€4.54b
Gross Profit	€13.91b
Other Expenses	€11.83b
Earnings	€2.08b

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	16.93
Gross Margin	75.37%
Net Profit Margin	11.25%
Debt/Equity Ratio	88.0%

How did KER perform over the long term?

See historical performance and comparison

Dividends

4.9%

Current Dividend Yield

68%

Payout Ratio

Does KER pay a reliable dividends?

See KER dividend history and benchmarks

When do you need to buy KER by to receive an upcoming dividend?
Kering dividend dates
Ex Dividend Date	Jan 14 2025
Dividend Pay Date	Jan 16 2025
Days until Ex dividend	23 days
Days until Dividend pay date	25 days

Does KER pay a reliable dividends?

See KER dividend history and benchmarks

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/22 00:45
End of Day Share Price	2024/12/20 00:00
Earnings	2024/06/30
Annual Earnings	2023/12/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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.

Analyst	Institution
Alejandro Acosta	Alezor Research
Pierre-Yves Gauthier	AlphaValue
null null	Banco de Sabadell. S.A.

KER Stock Overview

Rewards

Risk Analysis

Kering SA Competitors

ENXTPA:CDI

€107.0b

ENXTPA:RMS

€241.3b

ENXTPA:MC

€313.8b

SEHK:2020

HK$227.5b

Price History & Performance

Recent News & Updates

Now 21% undervalued

New minor risk - Share price stability

Some Shareholders Feeling Restless Over Kering SA's (EPA:KER) P/E Ratio

First half dividend of €2.00 announced

Now 20% undervalued after recent price drop

Capital Allocation Trends At Kering (EPA:KER) Aren't Ideal

Recent updates

Now 21% undervalued

New minor risk - Share price stability

Some Shareholders Feeling Restless Over Kering SA's (EPA:KER) P/E Ratio

First half dividend of €2.00 announced

Now 20% undervalued after recent price drop

Capital Allocation Trends At Kering (EPA:KER) Aren't Ideal

Is Now The Time To Look At Buying Kering SA (EPA:KER)?

Consensus EPS estimates fall by 12%

Price target decreased by 9.0% to €264

Is Kering SA (EPA:KER) Trading At A 49% Discount?

Kering Announces Management Changes

Investor sentiment improves as stock rises 18%

What You Can Learn From Kering SA's (EPA:KER) P/E

Some Investors May Be Worried About Kering's (EPA:KER) Returns On Capital

Does Kering (EPA:KER) Have A Healthy Balance Sheet?

Consensus EPS estimates fall by 15%

Price target decreased by 7.6% to €339

First half 2024 earnings released: EPS: €7.16 (vs €14.60 in 1H 2023)

Kering SA (EPA:KER) Just Reported Earnings, And Analysts Cut Their Target Price

Now 21% undervalued after recent price drop

At €305, Is It Time To Put Kering SA (EPA:KER) On Your Watch List?

Is Kering SA (EPA:KER) Trading At A 31% Discount?

Kering SA (EPA:KER) Looks Inexpensive But Perhaps Not Attractive Enough

Kering SA Approves Appointment of Directors

Price target decreased by 7.9% to €393

Consensus EPS estimates fall by 16%

This Is Why Kering SA's (EPA:KER) CEO Compensation Looks Appropriate

Kering (EPA:KER) Is Due To Pay A Dividend Of €9.50

Marcolin's Main Shareholder PAI Partners Reportedly Seeks Buyer

Investor sentiment deteriorates as stock falls 16%

What Does Kering SA's (EPA:KER) Share Price Indicate?

Kering (EPA:KER) Seems To Use Debt Quite Sensibly

Dividend of €9.50 announced

Here's What Analysts Are Forecasting For Kering SA (EPA:KER) After Its Full-Year Results

Kering (EPA:KER) May Have Issues Allocating Its Capital

New minor risk - Financial position

Full year 2023 earnings: EPS misses analyst expectations

Kering SA Proposes Final Dividend for the Year Ended December 31, 2023, Payable on May 6, 2024

Kering SA to Report First Half, 2024 Results on Jul 24, 2024

An Intrinsic Calculation For Kering SA (EPA:KER) Suggests It's 35% Undervalued

Less than half of directors are independent

Kering Announces Departure of Tidjane Thiam as Director to the Chairman of Board of Director, Chair of the Audit Committee and Member of the Remuneration Committee

Earnings Not Telling The Story For Kering SA (EPA:KER)

Upcoming dividend of €4.50 per share at 3.7% yield

Kering SA, Annual General Meeting, Apr 25, 2024

Kering SA, Annual General Meeting, Apr 25, 2024

Kering Declares Interim Dividend for Financial Year 2023, Payable on January 17, 2024

Kering SA (ENXTPA:KER) completed the acquisition of a 30% stake in Valentino S.p.A. from Mayhoola Lux S.à R.L.

Price target decreased by 7.3% to €502

Kering SA (ENXTPA:KER) completed the acquisition of Creed Fragrances from Javier Ferrán and Blackrock Long Term Private Capital SLP, LP, managed by BlackRock Private Equity Partners, Inc. and BlackRock, Inc. (NYSE:BLK).

Now 22% undervalued after recent price drop

Now 21% undervalued after recent price drop

First half 2023 earnings released: EPS: €14.60 (vs €16.08 in 1H 2022)

Kering SA (ENXTPA:KER) entered into a binding agreement to acquire a 30% stake in Valentino S.p.A. from Mayhoola Lux S.à R.L. for €1.7 billion.

Kering SA Announces Appointment of Maureen Chiquet to the Board of Directors, Effective September 2023

Kering SA acquired U N T (Usinage Et Nouvelles Technologies).

Kering SA (ENXTPA:KER) signed an agreement to acquire Creed Fragrances from Javier Ferrán and Blackrock Long Term Private Capital SLP, LP, managed by BlackRock Private Equity Partners, Inc. and BlackRock, Inc. (NYSE:BLK).

Kering SA (ENXTPA:KER) signed an agreement to acquire Creed Fragrances from Javier Ferrán and Blackrock Long Term Private Capital SLP, LP, managed by BlackRock Private Equity Partners, Inc. and BlackRock, Inc. (NYSE:BLK).

Now 21% undervalued after recent price drop