Kering (LSE:0IIH) - Stock Price, News & Analysis

0IIH 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.

About the company

0IIH fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	1/6
Past Performance	2/6
Financial Health	3/6
Dividends	5/6

Rewards

Trading at 29.4% below our estimate of its fair value

Earnings are forecast to grow 8.62% 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

Kering SA Competitors

Burberry Group

LSE:BRBY

UK£2.6b

Barratt Redrow

LSE:BTRW

UK£5.9b

Berkeley Group Holdings

LSE:BKG

UK£4.3b

Taylor Wimpey

LSE:TW.

UK£4.8b

Price History & Performance

Summary of all time highs, changes and price drops for Kering
Historical stock prices
Current Share Price	€213.34
52 Week High	€439.00
52 Week Low	€208.30
Beta	1.02
11 Month Change	-7.28%
3 Month Change	-16.70%
1 Year Change	-48.23%
33 Year Change	-70.41%
5 Year Change	-61.17%
Change since IPO	106.20%

Recent updates

Shareholder Returns

	0IIH	GB Luxury	GB Market
7D	-11.4%	-6.1%	-1.8%
1Y	-48.2%	-43.8%	5.8%

Return vs Industry: 0IIH underperformed the UK Luxury industry which returned -43.8% over the past year.

Return vs Market: 0IIH underperformed the UK Market which returned 5.8% over the past year.

Price Volatility

Is 0IIH's price volatile compared to industry and market?
0IIH volatility
0IIH Average Weekly Movement	6.1%
Luxury Industry Average Movement	6.8%
Market Average Movement	4.7%
10% most volatile stocks in GB Market	10.0%
10% least volatile stocks in GB Market	2.6%

Stable Share Price: 0IIH has not had significant price volatility in the past 3 months compared to the UK market.

Volatility Over Time: 0IIH'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?
0IIH fundamental statistics
Market cap	€25.87b
Earnings (TTM)	€2.08b
Revenue (TTM)	€18.45b

12.5x

P/E Ratio

1.4x

P/S Ratio

Is 0IIH overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
0IIH 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 0IIH perform over the long term?

See historical performance and comparison

Dividends

6.6%

Current Dividend Yield

56%

Payout Ratio

0IIH Stock Overview

Rewards

Risk Analysis

Kering SA Competitors

LSE:BRBY

UK£2.6b

LSE:BTRW

UK£5.9b

LSE:BKG

UK£4.3b

LSE:TW.

UK£4.8b

Price History & Performance

Recent News & Updates

Kering Announces Management Changes

Investor sentiment improves as stock rises 17%

Investor sentiment deteriorates as stock falls 23%

Now 32% undervalued after recent price drop

New minor risk - Financial position

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

Recent updates

Kering Announces Management Changes

Investor sentiment improves as stock rises 17%

Investor sentiment deteriorates as stock falls 23%

Now 32% undervalued after recent price drop

New minor risk - Financial position

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

New minor risk - Profit margin trend

Now 20% undervalued after recent price drop

Kering SA Approves Appointment of Directors

Upcoming dividend of €9.50 per share

Marcolin's Main Shareholder PAI Partners Reportedly Seeks Buyer

Investor sentiment deteriorates as stock falls 16%

Final dividend of €9.50 announced

Full year 2023 earnings released: EPS: €24.38 (vs €29.34 in FY 2022)

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

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

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.

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 21% 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).

Upcoming dividend of €9.50 per share at 2.4% yield

Kering Sa Appoints Sabato De Sarno as Creative Director of Gucci

Full year 2022 earnings released: EPS: €29.33 (vs €25.40 in FY 2021)

Kering SA Proposes Cash Dividend for the Year Ended December 31, 2022, Payable on May 4, 2023

Kering Appoints Raffaella Cornaggia as CEO of Kering Beauté

Upcoming dividend of €4.50 per share

Kering Declares Interim Dividend for Financial Year 2022, Payable on January 18, 2023

Estee Lauder Reportedly Nears $2.8 Billion Deal to Buy Tom Ford

Kering Reportedly in Advanced Talks to Acquire Tom Ford

Kering SA, Annual General Meeting, Apr 27, 2023

Kering SA to Report Fiscal Year 2022 Results on Feb 15, 2023

First half 2022 earnings released

Kering SA Announces Board Changes

Now 20% undervalued

Management of Sowind Group acquired Sowind Group SA from Kering SA (ENXTPA:KER) in a management buyout transaction.

Kering SA to Report First Half, 2022 Results on Jul 27, 2022

Less than half of directors are independent

Now 20% undervalued after recent price drop

Kering Announces Board Changes

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Management of Sowind Group signed an agreement to acquire Sowind Group SA from Kering SA (ENXTPA:KER) in a management buyout transaction.

Upcoming dividend of €3.50 per share

Investor sentiment deteriorated over the past week

First half 2021 earnings released: EPS €11.72 (vs €2.27 in 1H 2020)

Independent Director has left the company

Upcoming dividend of €5.50 per share

Full year 2020 earnings released: EPS €17.28 (vs €17.40 in FY 2019)