Kering Future Growth

Future criteria checks 2/6

Kering is forecast to grow earnings and revenue by 7.8% and 2.7% per annum respectively. EPS is expected to grow by 8.4% per annum. Return on equity is forecast to be 13.7% in 3 years.

Key information

7.8%

Earnings growth rate

8.4%

EPS growth rate

Luxury earnings growth	12.0%
Revenue growth rate	2.7%
Future return on equity	13.7%
Analyst coverage	Good
Last updated	21 Nov 2024

Recent future growth updates

No updates

Recent updates

Earnings and Revenue Growth Forecasts

BIT:1KER - Analysts future estimates and past financials data (EUR Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	18,747	2,077	2,747	4,276	19
12/31/2025	17,600	1,647	2,742	3,946	23
12/31/2024	17,236	1,412	2,466	3,491	24
6/30/2024	18,449	2,076	2,197	4,308	N/A
3/31/2024	19,008	2,530	2,023	4,384	N/A
12/31/2023	19,566	2,983	1,848	4,459	N/A
9/30/2023	20,061	3,197	1,856	4,462	N/A
6/30/2023	20,556	3,411	1,864	4,465	N/A
3/31/2023	20,454	3,512	2,532	4,368	N/A
12/31/2022	20,351	3,613	3,199	4,270	N/A
9/30/2022	19,940	3,652	3,401	4,422	N/A
6/30/2022	19,528	3,690	3,602	4,574	N/A
3/31/2022	18,587	3,428	3,760	4,724	N/A
12/31/2021	17,645	3,165	3,918	4,874	N/A
9/30/2021	16,707	3,252	3,904	4,764	N/A
6/30/2021	15,769	3,338	3,890	4,654	N/A
3/31/2021	14,435	2,749	2,994	3,769	N/A
12/31/2020	13,100	2,160	2,097	2,884	N/A
9/30/2020	13,362	1,994	1,428	2,291	N/A
6/30/2020	13,623	1,827	758	1,698	N/A
3/31/2020	14,753	2,005	1,205	2,153	N/A
12/31/2019	15,884	2,183	1,652	2,608	N/A
9/30/2019	15,378	2,116	2,329	3,257	N/A
6/30/2019	14,872	2,048	3,005	3,906	N/A
3/31/2019	14,268	2,334	2,773	3,638	N/A
12/31/2018	13,665	2,620	2,542	3,370	N/A
9/30/2018	12,920	2,377	2,589	3,347	N/A
6/30/2018	12,175	2,135	2,636	3,325	N/A
3/31/2018	11,495	1,904	N/A	3,169	N/A
12/31/2017	10,816	1,672	N/A	3,014	N/A
9/30/2017	11,290	1,391	N/A	2,624	N/A
6/30/2017	11,765	1,110	N/A	2,235	N/A
3/31/2017	12,075	967	N/A	2,005	N/A
12/31/2016	12,385	825	N/A	1,774	N/A
9/30/2016	12,075	755	N/A	1,625	N/A
6/30/2016	11,765	686	N/A	1,475	N/A
3/31/2016	11,674	670	N/A	1,359	N/A
12/31/2015	11,584	655	N/A	1,243	N/A
9/30/2015	11,212	775	N/A	859	N/A
6/30/2015	10,840	894	N/A	475	N/A
3/31/2015	10,439	951	N/A	647	N/A
12/31/2014	10,038	1,008	N/A	819	N/A
9/30/2014	9,863	934	N/A	1,150	N/A
6/30/2014	9,688	861	N/A	1,482	N/A
3/31/2014	9,672	867	N/A	1,365	N/A
12/31/2013	9,656	873	N/A	1,249	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 1KER's forecast earnings growth (7.8% per year) is above the savings rate (2.5%).

Earnings vs Market: 1KER's earnings (7.8% per year) are forecast to grow faster than the Italian market (7.3% per year).

High Growth Earnings: 1KER's earnings are forecast to grow, but not significantly.

Revenue vs Market: 1KER's revenue (2.7% per year) is forecast to grow slower than the Italian market (4% per year).

High Growth Revenue: 1KER's revenue (2.7% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 1KER's Return on Equity is forecast to be low in 3 years time (13.7%).

Kering Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Recent updates

Now 26% undervalued after recent price drop

Kering Announces Management Changes

Investor sentiment improves as stock rises 19%

New minor risk - Share price stability

New minor risk - Financial position

New minor risk - Profit margin trend

Now 21% undervalued after recent price drop

Kering SA Approves Appointment of Directors

Upcoming dividend of €9.50 per share

Now 25% undervalued after recent price drop

Marcolin's Main Shareholder PAI Partners Reportedly Seeks Buyer

Investor sentiment deteriorates as stock falls 15%

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.

Now 22% undervalued after recent price drop

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

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.

Now 20% undervalued after recent price drop

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).

Now 21% undervalued after recent price drop

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

Now 21% undervalued after recent price drop

First half 2022 earnings released

Kering SA Announces Board Changes

Now 21% undervalued after recent price drop

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

Now 21% undervalued after recent price drop

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

Less than half of directors are independent

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)

Revenue misses expectations

New 90-day low: €525

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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