| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 1/6 |
| Past Performance | 2/6 |
| Financial Health | 5/6 |
| Dividends | 0/6 |
PVH Stock Overview
PVH Corp. operates as an apparel company worldwide.
Rewards
Risk Analysis
PVH passed our risk checks.
PVH Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$100.70 |
| 52 Week High | US$125.42 |
| 52 Week Low | US$78.76 |
| Beta | 2.28 |
| 1 Month Change | 6.57% |
| 3 Month Change | -10.66% |
| 1 Year Change | 1.48% |
| 3 Year Change | -3.36% |
| 5 Year Change | 6.21% |
| Change since IPO | 1,168.66% |
Recent News & Updates
PVH Corp.: Valuation Becoming Attractive
PVH Corp. released its Q3 results earlier this month and reported double-digit revenue growth despite supply chain headwinds. The company re-affirmed 27.5% revenue growth at the mid-point in FY2021 and raised its FY2021 earnings outlook on the back of meaningful margin expansion. At a current share price of $96.80, PVH Corp. trades at less than 10x FY2022 earnings estimates, a very reasonable valuation relative to its historical multiple. With the stock now trading towards the low end of its trading range and sporting an attractive valuation, I would view further weakness below $92.20 as a buying opportunity.
Estimating The Fair Value Of PVH Corp. (NYSE:PVH)
In this article we are going to estimate the intrinsic value of PVH Corp. ( NYSE:PVH ) by estimating the company's...
Shareholder Returns
| PVH | US Luxury | US Market | |
|---|---|---|---|
| 7D | -2.2% | -4.7% | -4.6% |
| 1Y | 1.5% | 1.2% | 7.7% |
Return vs Industry: PVH underperformed the US Luxury industry which returned 4.4% over the past year.
Return vs Market: PVH underperformed the US Market which returned 10.2% over the past year.
Price Volatility
| PVH volatility | |
|---|---|
| PVH Average Weekly Movement | 5.1% |
| Luxury Industry Average Movement | 6.1% |
| Market Average Movement | 6.6% |
| 10% most volatile stocks in US Market | 15.7% |
| 10% least volatile stocks in US Market | 2.4% |
Stable Share Price: PVH is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: PVH's weekly volatility (5%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1881 | 26,500 | Stefan Larsson | https://www.pvh.com |
PVH Corp. operates as an apparel company worldwide. The company operates through six segments: Tommy Hilfiger North America, Tommy Hilfiger International, Calvin Klein North America, Calvin Klein International, Heritage Brands Wholesale, and Heritage Brands Retail. It designs, markets, and retails men’s, women’s, and children’s apparel and accessories, including branded dress shirts, neckwear, sportswear, jeans wear, performance apparel, intimate apparel, underwear, swimwear, swim-related products, handbags, accessories, footwear, outerwear, home furnishings, luggage products, sleepwear, loungewear, hats, scarves, gloves, socks, watches and jewelry, eyeglasses and non-ophthalmic sunglasses, fragrance, home bed and bath furnishings, small leather goods, and other products.
PVH Fundamentals Summary
| PVH fundamental statistics | |
|---|---|
| Market Cap | US$7.05b |
| Earnings (TTM) | US$503.80m |
| Revenue (TTM) | US$8.81b |
14.0x
P/E Ratio0.8x
P/S RatioIs PVH overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| PVH income statement (TTM) | |
|---|---|
| Revenue | US$8.81b |
| Cost of Revenue | US$3.78b |
| Gross Profit | US$5.03b |
| Expenses | US$4.53b |
| Earnings | US$503.80m |
Last Reported Earnings
Oct 31, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 7.20 |
| Gross Margin | 57.11% |
| Net Profit Margin | 5.72% |
| Debt/Equity Ratio | 51.6% |
How did PVH perform over the long term?
See historical performance and comparisonDividends
0.1%
Current Dividend Yield0%
Payout RatioValuation
Is PVH undervalued compared to its fair value and its price relative to the market?
25.5%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: PVH ($100.7) is trading below our estimate of fair value ($135.2)
Significantly Below Fair Value: PVH is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: PVH is good value based on its PE Ratio (14x) compared to the US Luxury industry average (16.7x).
PE vs Market: PVH is good value based on its PE Ratio (14x) compared to the US market (17x).
Price to Earnings Growth Ratio
PEG Ratio: PVH is poor value based on its PEG Ratio (1.9x)
Price to Book Ratio
PB vs Industry: PVH is good value based on its PB Ratio (1.4x) compared to the US Luxury industry average (1.8x).
Future Growth
How is PVH forecast to perform in the next 1 to 3 years based on estimates from 19 analysts?
7.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PVH's forecast earnings growth (7.2% per year) is above the savings rate (2%).
Earnings vs Market: PVH's earnings (7.2% per year) are forecast to grow slower than the US market (13% per year).
High Growth Earnings: PVH's earnings are forecast to grow, but not significantly.
Revenue vs Market: PVH's revenue (4.6% per year) is forecast to grow slower than the US market (9.2% per year).
High Growth Revenue: PVH's revenue (4.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: PVH's Return on Equity is forecast to be low in 3 years time (12%).
Past Performance
How has PVH performed over the past 5 years?
-34.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PVH has high quality earnings.
Growing Profit Margin: PVH became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: PVH's earnings have declined by 34.1% per year over the past 5 years.
Accelerating Growth: PVH has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: PVH has become profitable in the last year, making it difficult to compare its past year earnings growth to the Luxury industry (57.1%).
Return on Equity
High ROE: PVH's Return on Equity (9.7%) is considered low.
Financial Health
How is PVH's financial position?
Financial Position Analysis
Short Term Liabilities: PVH's short term assets ($3.9B) exceed its short term liabilities ($2.7B).
Long Term Liabilities: PVH's short term assets ($3.9B) do not cover its long term liabilities ($5.0B).
Debt to Equity History and Analysis
Debt Level: PVH's net debt to equity ratio (26.5%) is considered satisfactory.
Reducing Debt: PVH's debt to equity ratio has reduced from 68.9% to 51.6% over the past 5 years.
Debt Coverage: PVH's debt is well covered by operating cash flow (32%).
Interest Coverage: PVH's interest payments on its debt are well covered by EBIT (6.9x coverage).
Balance Sheet
Dividend
What is PVH current dividend yield, its reliability and sustainability?
0.15%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PVH's dividend (0.15%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.35%).
High Dividend: PVH's dividend (0.15%) is low compared to the top 25% of dividend payers in the US market (3.48%).
Stability and Growth of Payments
Stable Dividend: PVH is not paying a notable dividend for the US market, therefore no need to check if payments are stable.
Growing Dividend: PVH is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: PVH is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of PVH's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.9yrs
Average management tenure
CEO
Stefan Larsson (46 yo)
0.92
Tenure
US$8,118,613
Compensation
Mr. Stefan Larsson has been Chief Executive Officer and Director at PVH Corp. since February 1, 2021. He served as President of PVH Corp. since June 3, 2019 until January 2021. Mr. Larsson served as Chief...
CEO Compensation Analysis
Compensation vs Market: Stefan's total compensation ($USD8.12M) is about average for companies of similar size in the US market ($USD6.41M).
Compensation vs Earnings: Insufficient data to compare Stefan's compensation with company performance.
Leadership Team
Experienced Management: PVH's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.
Board Members
Experienced Board: PVH's board of directors are considered experienced (6.9 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: PVH insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
PVH Corp.'s employee growth, exchange listings and data sources
Key Information
- Name: PVH Corp.
- Ticker: PVH
- Exchange: NYSE
- Founded: 1881
- Industry: Apparel, Accessories and Luxury Goods
- Sector: Consumer Durables
- Implied Market Cap: US$7.047b
- Shares outstanding: 69.98m
- Website: https://www.pvh.com
Number of Employees
Location
- PVH Corp.
- 200 Madison Avenue
- New York
- New York
- 10016
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/19 23:34 |
| End of Day Share Price | 2022/01/19 00:00 |
| Earnings | 2021/10/31 |
| Annual Earnings | 2021/01/31 |
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.