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KER

KeringENXTPA:KER Stock Report

Market Cap

€80.6b

7D

-0.2%

1Y

18.9%

Updated

26 Oct, 2021

Data

Company Financials +
KER fundamental analysis
Snowflake Score
Valuation1/6
Future Growth3/6
Past Performance5/6
Financial Health5/6
Dividends3/6

KER Overview

Kering SA develops, designs, manufactures, markets, and sells apparel and accessories.

Kering Competitors

LVMH Moët Hennessy - Louis Vuitton Société Européenne

ENXTPA:MC

€335.0b

Christian Dior

ENXTPA:CDI

€120.3b

EssilorLuxottica Société anonyme

ENXTPA:EL

€76.1b

Procter & Gamble

NYSE:PG

US$345.7b

Price History & Performance

Summary of all time highs, changes and price drops for Kering
Historical stock prices
Current Share Price€648.80
52 Week High€510.40
52 Week Low€798.00
Beta0.97
1 Month Change2.37%
3 Month Change-14.38%
1 Year Change18.92%
3 Year Change72.51%
5 Year Change223.43%
Change since IPO3,039.74%

Recent News & Updates

Oct 06
Does Kering (EPA:KER) Have A Healthy Balance Sheet?

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

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...

Sep 23
Why Kering SA (EPA:KER) Could Be Worth Watching

Why Kering SA (EPA:KER) Could Be Worth Watching

Kering SA ( EPA:KER ) saw significant share price movement during recent months on the ENXTPA, rising to highs of €792...

Sep 10
Does This Valuation Of Kering SA (EPA:KER) Imply Investors Are Overpaying?

Does This Valuation Of Kering SA (EPA:KER) Imply Investors Are Overpaying?

How far off is Kering SA ( EPA:KER ) from its intrinsic value? Using the most recent financial data, we'll take a look...

Jul 31
Kering SA Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

Kering SA Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

Kering SA ( EPA:KER ) just released its latest interim results and things are looking bullish. Kering beat earnings...

Shareholder Returns

KERFR LuxuryFR Market
7D-0.2%3.1%1.8%
1Y18.9%56.1%40.2%

Return vs Industry: KER underperformed the French Luxury industry which returned 56.1% over the past year.

Return vs Market: KER underperformed the French Market which returned 40.2% over the past year.

Price Volatility

Is KER's price volatile compared to industry and market?
KER volatility
KER Beta0.97
Industry Beta0.83
Market Beta1

Stable Share Price: KER is not significantly more volatile than the rest of French stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: KER's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
196333,134François-Henri Pinaulthttps://www.kering.com

Kering SA develops, designs, manufactures, markets, and sells apparel and accessories. The company offers shoes; leather goods, including handbags and wallets, purses, and other leather products; eyewear, textile accessories, etc.; and jewelry and watches, as well as ready-to-wear products for men and women. It also provides perfumes and cosmetics.

Kering Fundamentals Summary

How do Kering's earnings and revenue compare to its market cap?
KER fundamental statistics
Market Cap€80.59b
Earnings (TTM)€3.34b
Revenue (TTM)€15.77b

24.1x

P/E Ratio

5.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
KER income statement (TTM)
Revenue€15.77b
Cost of Revenue€4.22b
Gross Profit€11.55b
Expenses€8.21b
Earnings€3.34b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)26.88
Gross Margin73.24%
Net Profit Margin21.17%
Debt/Equity Ratio42.3%

How did KER perform over the long term?

See historical performance and comparison

Dividends

1.2%

Current Dividend Yield

21%

Payout Ratio

Valuation

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

24.14x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: KER (€648.8) is trading above our estimate of fair value (€526.56)

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


Price To Earnings Ratio

PE vs Industry: KER is good value based on its PE Ratio (24.1x) compared to the French Luxury industry average (27.5x).

PE vs Market: KER is poor value based on its PE Ratio (24.1x) compared to the French market (19.8x).


Price to Earnings Growth Ratio

PEG Ratio: KER is poor value based on its PEG Ratio (2.8x)


Price to Book Ratio

PB vs Industry: KER is overvalued based on its PB Ratio (6.4x) compared to the FR Luxury industry average (3.8x).


Future Growth

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

8.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: KER's forecast earnings growth (8.8% per year) is above the savings rate (0.3%).

Earnings vs Market: KER's earnings (8.8% per year) are forecast to grow slower than the French market (12.2% per year).

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

Revenue vs Market: KER's revenue (7.4% per year) is forecast to grow faster than the French market (6.3% per year).

High Growth Revenue: KER's revenue (7.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: KER's Return on Equity is forecast to be high in 3 years time (22.9%)


Past Performance

How has Kering performed over the past 5 years?

20.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: KER has high quality earnings.

Growing Profit Margin: KER's current net profit margins (21.2%) are higher than last year (13.4%).


Past Earnings Growth Analysis

Earnings Trend: KER's earnings have grown significantly by 20.1% per year over the past 5 years.

Accelerating Growth: KER's earnings growth over the past year (82.7%) exceeds its 5-year average (20.1% per year).

Earnings vs Industry: KER earnings growth over the past year (82.7%) underperformed the Luxury industry 100.6%.


Return on Equity

High ROE: KER's Return on Equity (26.7%) is considered high.


Financial Health

How is Kering's financial position?


Financial Position Analysis

Short Term Liabilities: KER's short term assets (€10.2B) exceed its short term liabilities (€7.0B).

Long Term Liabilities: KER's short term assets (€10.2B) exceed its long term liabilities (€9.2B).


Debt to Equity History and Analysis

Debt Level: KER's debt to equity ratio (42.3%) is considered high.

Reducing Debt: KER's debt to equity ratio has reduced from 51.7% to 42.3% over the past 5 years.

Debt Coverage: KER's debt is well covered by operating cash flow (86.1%).

Interest Coverage: KER's interest payments on its debt are well covered by EBIT (29.4x coverage).


Balance Sheet


Dividend

What is Kering current dividend yield, its reliability and sustainability?

1.23%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: KER's dividend (1.23%) isn’t notable compared to the bottom 25% of dividend payers in the French market (1.29%).

High Dividend: KER's dividend (1.23%) is low compared to the top 25% of dividend payers in the French market (3.9%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (20.6%), KER's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: KER's dividends in 3 years are forecast to be well covered by earnings (49.8% payout ratio).


Next Steps

Management

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

9.1yrs

Average management tenure


CEO

François-Henri Pinault (59 yo)

16.58yrs

Tenure

€5,368,500

Compensation

Mr. François-Henri Pinault has been the Chairman and Chief Executive Officer of Kering SA since May 19, 2005 and March 21, 2005 respectively and serves as President. He serves as Chairman of Group PPR and...


CEO Compensation Analysis

Compensation vs Market: Insufficient data to establish whether François-Henri's total compensation is reasonable compared to companies of similar size in the French market.

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


Leadership Team

Experienced Management: KER's management team is seasoned and experienced (9.1 years average tenure).


Board Members

Experienced Board: KER's board of directors are seasoned and experienced ( 10.9 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

Kering SA's employee growth, exchange listings and data sources


Key Information

  • Name: Kering SA
  • Ticker: KER
  • Exchange: ENXTPA
  • Founded: 1963
  • Industry: Apparel, Accessories and Luxury Goods
  • Sector: Consumer Durables
  • Market Cap: €80.586b
  • Shares outstanding: 124.21m
  • Website: https://www.kering.com

Number of Employees


Location

  • Kering SA
  • 40 rue de SEvres
  • Paris
  • Ile-de-France
  • 75007
  • France

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/26 21:13
End of Day Share Price2021/10/26 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.