Market Cap
€59.5b
Last Updated
2019/10/21 20:45 UTC
Data Sources
Company Financials +
Executive Summary
Kering SA develops, designs, manufactures, markets, and sells apparel and accessories worldwide.
Snowflake
Fundamentals
Established dividend payer with proven track record.
Similar Companies
Share Price & News
How has Kering's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
0.9%
KER
-1.1%
FR Luxury
-0.03%
FR Market
1 Year Return
29.7%
KER
32.6%
FR Luxury
10.4%
FR Market
Return vs Industry: KER underperformed the French Luxury industry which returned 32.6% over the past year.
Return vs Market: KER exceeded the French Market which returned 10.4% over the past year.
Shareholder returns
| KER | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.9% | -1.1% | -0.03% |
| 30 Day | 1.5% | 0.9% | -0.8% |
| 90 Day | -9.2% | -3.2% | -0.8% |
| 1 Year | 32.6%29.7% | 34.9%32.6% | 14.2%10.4% |
| 3 Year | 183.2%149.5% | 112.6%100.8% | 42.3%28.5% |
| 5 Year | 288.2%225.1% | 207.0%165.7% | 72.6%46.3% |
Price Volatility Vs. Market
How volatile is Kering's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Does The Data Make Kering SA (EPA:KER) An Attractive Investment?3 weeks ago | Simply Wall St
Do Directors Own Kering SA (EPA:KER) Shares?1 month ago | Simply Wall St
Should You Be Pleased About The CEO Pay At Kering SA's (EPA:KER)Valuation
Is Kering undervalued compared to its fair value and its price relative to the market?
6.8%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: KER (€475.85) is trading below our estimate of fair value (€510.68)
Significantly Below Fair Value: KER is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: KER is poor value based on its PE Ratio (29.2x) compared to the Luxury industry average (28.5x).
PE vs Market: KER is poor value based on its PE Ratio (29.2x) compared to the French market (17.2x).
Price to Earnings Growth Ratio
PEG Ratio: KER is poor value based on its PEG Ratio (1.9x)
Price to Book Ratio
PB vs Industry: KER is overvalued based on its PB Ratio (6.4x) compared to the FR Luxury industry average (1.6x).
Next Steps
Future Growth
How is Kering forecast to perform in the next 1 to 3 years based on estimates from 21 analysts?
15.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: KER's forecast earnings growth (15.5% per year) is above the savings rate (0.7%).
Earnings vs Market: KER's earnings (15.5% per year) are forecast to grow faster than the French market (11.5% per year).
High Growth Earnings: KER's earnings are forecast to grow, but not significantly.
Revenue vs Market: KER's revenue (5.4% per year) is forecast to grow faster than the French market (4.4% per year).
High Growth Revenue: KER's revenue (5.4% 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 (24.3%)
Next Steps
Past Performance
How has Kering performed over the past 5 years?
26.8%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: KER's earnings have grown significantly by 26.8% per year over the past 5 years.
Accelerating Growth: KER's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: KER had negative earnings growth (-4.1%) over the past year, making it difficult to compare to the Luxury industry average (4.3%).
Return on Equity
High ROE: KER's Return on Equity (21.8%) is considered high.
Return on Assets
ROA vs Industry: KER has a higher Return on Assets than the Luxury industry average last year.
Return on Capital Employed
ROCE Improving: KER has significantly improved its Return on Capital Employed over the past 3 years.
Next Steps
Financial Health
How is Kering's financial position?
Financial Position Analysis
Short Term Liabilities: KER's short term assets (€7.4B) do not cover its short term liabilities (€8.7B)
Long Term Liabilities: KER's short term assets (7.4B) do not cover its long term liabilities (8.0B)
Debt to Equity History and Analysis
Debt Level: KER's debt to equity ratio (48.5%) is considered high
Reducing Debt: KER's debt to equity ratio has increased from 45.9% to 48.5% over the past 5 years.
Debt Coverage: KER's debt is well covered by operating cash flow (86%).
Interest Coverage: KER's interest payments on its debt are well covered by EBIT (40.4x coverage).
Balance Sheet
Inventory Level: KER has a high level of physical assets or inventory.
Debt Coverage by Assets: KER's debt is covered by short term assets (assets are 1.609940x debt).
Next Steps
Dividend
What is Kering's current dividend yield, its reliability and sustainability?
2.21%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: KER's dividend (2.21%) is higher than the bottom 25% of dividend payers in the French market (1.54%).
High Dividend: KER's dividend (2.21%) is low compared to the top 25% of dividend payers in the French market (4.72%).
Stable Dividend: KER's dividends per share have been stable 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 reasonably low payout ratio (43%), 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 covered by earnings (50.6% payout ratio).
Next Steps
Management
What is the CEO of Kering's salary, the management and board of directors tenure and is there insider trading?
7.4yrs
Average management tenure
CEO
François-Henri Pinault (57yo)
14.6yrs
Tenure
€12,180,916
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. He serves as Chairman of Group PPR and Chief Executive of Group ...
CEO Compensation Analysis
Compensation vs. Market: François-Henri's total compensation ($USD13.57M) is about average for companies of similar size in the French market ($USD3.54M).
Compensation vs Earnings: François-Henri's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Management Age and Tenure
7.4yrs
Average Tenure
52yo
Average Age
Experienced Management: KER's management team is seasoned and experienced (7.4 years average tenure).
Board Age and Tenure
9.4yrs
Average Tenure
56.5yo
Average Age
Experienced Board: KER's board of directors are considered experienced (9.4 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Management Team
François-Henri Pinault (57yo)
Chairman & CEO
- Tenure: 14.6yrs
- Compensation: €12.18m
Jean-François Palus (58yo)
Group MD & Director
- Tenure: 10.4yrs
- Compensation: €9.82m
Jean-Marc Duplaix (48yo)
Chief Financial Officer
- Tenure: 7.7yrs
Laurent Claquin (48yo)
Head of Kering Americas
- Tenure: 12.1yrs
Eric Sandrin (54yo)
Legal Director
- Tenure: 5.3yrs
Marie-Claire Daveu (48yo)
Chief Sustainability Officer & Head of International Institutional Affairs
- Tenure: 7.1yrs
Sophie Bouchillou (56yo)
Human Resources Project Coordinator
- Tenure: 0yrs
- Compensation: €43.19k
Béatrice Lazat (57yo)
Chief People Officer
- Tenure: 3.6yrs
Valérie Duport (50yo)
Chief Communications & Image Officer
- Tenure: 3.4yrs
Claire Lacaze (48yo)
Event Production Manager & Employees Representing Director
- Tenure: 1.3yrs
- Compensation: €17.32k
Board Members
Baudouin Prot (68yo)
Independent Director
- Tenure: 14.4yrs
- Compensation: €49.49k
François-Henri Pinault (57yo)
Chairman & CEO
- Tenure: 14.6yrs
- Compensation: €12.18m
Jean-Pierre Denis (59yo)
Independent Director
- Tenure: 11.3yrs
- Compensation: €104.56k
Jean-François Palus (58yo)
Group MD & Director
- Tenure: 10.4yrs
- Compensation: €9.82m
Héloïse Temple-Boyer (41yo)
Vice-Chairman of the Board
- Tenure: 0.8yrs
François Pinault (83yo)
Honorary Chairman
- Tenure: 0yrs
Yseulys Costes (47yo)
Independent Director
- Tenure: 9.4yrs
- Compensation: €74.19k
Alexandre Bompard (47yo)
Chairman of FNAC and Chief Executive Officer of FNAC
- Tenure: 8.9yrs
Sophie L’Hélias (56yo)
Lead Independent Director
- Tenure: 0.7yrs
- Compensation: €104.56k
Claire Lacaze (48yo)
Event Production Manager & Employees Representing Director
- Tenure: 1.3yrs
- Compensation: €17.32k
Company Information
Kering SA's company bio, 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: €59.490b
- Shares outstanding: 125.02m
- Website: https://www.kering.com
Number of Employees
Location
- Kering SA
- 40 rue de Sèvres
- Paris
- Ile-de-France
- 75007
- France
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| KER | ENXTPA (Euronext Paris) | Yes | Ordinary Shares | FR | EUR | Jan 1992 |
| 0IIH | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | EUR | Jan 1992 |
| KER | BIT (Borsa Italiana) | Yes | Ordinary Shares | IT | EUR | Jan 1992 |
| PPX | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Jan 1992 |
| PPRU.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Jan 1992 |
| KERP | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | EUR | Jan 1992 |
| PPX | XTRA (XETRA Trading Platform) | Yes | Ordinary Shares | DE | EUR | Jan 1992 |
| KER | WBAG (Wiener Boerse AG) | Yes | Ordinary Shares | AT | EUR | Jan 1992 |
| KER N | BMV (Bolsa Mexicana de Valores) | Yes | Ordinary Shares | MX | MXN | Jan 1992 |
| PPRU.Y | OTCPK (Pink Sheets LLC) | UNSPONSORED ADR | US | USD | Oct 2008 |
Biography
Kering SA develops, designs, manufactures, markets, and sells apparel and accessories worldwide. The company offers shoes; leather goods, including handbags and wallets, and other leather products; eyewear ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/21 20:45 |
| End of Day Share Price | 2019/10/21 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.