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PVH

PVHNYSE:PVH Stock Report

Last Price

US$100.70

Market Cap

US$7.0b

7D

-2.2%

1Y

1.5%

Updated

19 Jan, 2022

Data

Company Financials +
PVH fundamental analysis
Snowflake Score
Valuation5/6
Future Growth1/6
Past Performance2/6
Financial Health5/6
Dividends0/6

PVH Stock Overview

PVH Corp. operates as an apparel company worldwide.

PVH Competitors

Lululemon Athletica

NasdaqGS:LULU

US$42.8b

V.F

NYSE:VFC

US$27.7b

Tapestry

NYSE:TPR

US$10.3b

Capri Holdings

NYSE:CPRI

US$8.5b

Price History & Performance

Summary of all time highs, changes and price drops for PVH
Historical stock prices
Current Share PriceUS$100.70
52 Week HighUS$125.42
52 Week LowUS$78.76
Beta2.28
1 Month Change6.57%
3 Month Change-10.66%
1 Year Change1.48%
3 Year Change-3.36%
5 Year Change6.21%
Change since IPO1,168.66%

Recent News & Updates

Dec 21

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.

Dec 05
Estimating The Fair Value Of PVH Corp. (NYSE:PVH)

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

PVHUS LuxuryUS Market
7D-2.2%-4.7%-4.6%
1Y1.5%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

Is PVH's price volatile compared to industry and market?
PVH volatility
PVH Average Weekly Movement5.1%
Luxury Industry Average Movement6.1%
Market Average Movement6.6%
10% most volatile stocks in US Market15.7%
10% least volatile stocks in US Market2.4%

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

FoundedEmployeesCEOWebsite
188126,500Stefan Larssonhttps://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

How do PVH's earnings and revenue compare to its market cap?
PVH fundamental statistics
Market CapUS$7.05b
Earnings (TTM)US$503.80m
Revenue (TTM)US$8.81b

14.0x

P/E Ratio

0.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PVH income statement (TTM)
RevenueUS$8.81b
Cost of RevenueUS$3.78b
Gross ProfitUS$5.03b
ExpensesUS$4.53b
EarningsUS$503.80m

Last Reported Earnings

Oct 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)7.20
Gross Margin57.11%
Net Profit Margin5.72%
Debt/Equity Ratio51.6%

How did PVH perform over the long term?

See historical performance and comparison

Dividends

0.1%

Current Dividend Yield

0%

Payout Ratio

Valuation

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/19 23:34
End of Day Share Price2022/01/19 00:00
Earnings2021/10/31
Annual Earnings2021/01/31


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.