NYSE:PVH

Stock Analysis Report

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Executive Summary

PVH Corp. operates as an apparel company in the United States and internationally.


Snowflake Analysis

Very undervalued with adequate balance sheet.


Similar Companies

Share Price & News

How has PVH's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: PVH's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

38.0%

PVH

8.8%

US Luxury

3.8%

US Market


1 Year Return

-29.0%

PVH

8.6%

US Luxury

9.7%

US Market

Return vs Industry: PVH underperformed the US Luxury industry which returned 8% over the past year.

Return vs Market: PVH underperformed the US Market which returned 9.2% over the past year.


Shareholder returns

PVHIndustryMarket
7 Day38.0%8.8%3.8%
30 Day46.1%22.4%11.4%
90 Day-9.3%12.4%6.8%
1 Year-28.8%-29.0%9.9%8.6%12.1%9.7%
3 Year-40.3%-40.6%63.8%56.2%36.2%27.2%
5 Year-43.9%-44.3%43.1%33.6%63.7%45.4%

Price Volatility Vs. Market

How volatile is PVH's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is PVH undervalued compared to its fair value and its price relative to the market?

36.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: PVH ($57.13) is trading below our estimate of fair value ($100.51)

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 (10.2x) compared to the Luxury industry average (16.7x).

PE vs Market: PVH is good value based on its PE Ratio (10.2x) compared to the US market (16.1x).


Price to Earnings Growth Ratio

PEG Ratio: PVH is good value based on its PEG Ratio (0.4x)


Price to Book Ratio

PB vs Industry: PVH is good value based on its PB Ratio (0.7x) compared to the US Luxury industry average (1x).


Next Steps

Future Growth

How is PVH forecast to perform in the next 1 to 3 years based on estimates from 19 analysts?

26.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PVH's forecast earnings growth (26.8% per year) is above the savings rate (2.2%).

Earnings vs Market: PVH's earnings (26.8% per year) are forecast to grow faster than the US market (22.2% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: PVH's revenue (0.7% per year) is forecast to grow slower than the US market (8.8% per year).

High Growth Revenue: PVH's revenue (0.7% 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 (8.3%).


Next Steps

Past Performance

How has PVH performed over the past 5 years?

4.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PVH has a large one-off loss of $208.7M impacting its February 2 2020 financial results.

Growing Profit Margin: PVH's current net profit margins (4.2%) are lower than last year (7.7%).


Past Earnings Growth Analysis

Earnings Trend: PVH's earnings have grown by 4.5% per year over the past 5 years.

Accelerating Growth: PVH's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: PVH had negative earnings growth (-44.1%) over the past year, making it difficult to compare to the Luxury industry average (-10.8%).


Return on Equity

High ROE: PVH's Return on Equity (7.1%) is considered low.


Next Steps

Financial Health

How is PVH's financial position?


Financial Position Analysis

Short Term Liabilities: PVH's short term assets ($3.4B) exceed its short term liabilities ($2.4B).

Long Term Liabilities: PVH's short term assets ($3.4B) do not cover its long term liabilities ($5.5B).


Debt to Equity History and Analysis

Debt Level: PVH's debt to equity ratio (47.6%) is considered high.

Reducing Debt: PVH's debt to equity ratio has reduced from 80.8% to 47.6% over the past 5 years.

Debt Coverage: PVH's debt is well covered by operating cash flow (36.9%).

Interest Coverage: PVH's interest payments on its debt are well covered by EBIT (6.6x coverage).


Balance Sheet


Next Steps

Dividend

What is PVH's current dividend yield, its reliability and sustainability?

0.15%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate PVH's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate PVH's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if PVH's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if PVH's dividend payments have been 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?

5.3yrs

Average management tenure


CEO

Manny Chirico (61yo)

14.33yrs

Tenure

US$17,464,313

Compensation

Mr. Emanuel Chirico, also known as Manny, has been the Chief Executive Officer at PVH Corp. since February 27, 2006 and served as its President since June 14, 2005. Mr. Chirico serves as the Chief Executiv ...


CEO Compensation Analysis

Compensation vs Market: Manny's total compensation ($USD17.46M) is above average for companies of similar size in the US market ($USD5.86M).

Compensation vs Earnings: Manny's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Emanuel Chirico
Chairman & CEO14.33yrsUS$17.46m0.55% $24.5m
Stefan Larsson
President1yrUS$7.00mno data
Michael Shaffer
Executive VP and Chief Operating & Financial Officer8.33yrsUS$10.19m0.046% $2.1m
Cheryl Abel-Hodges
Chief Executive Officer of Calvin Klein1yrUS$4.66m0.0018% $81.5k
Eileen Mahoney
Chief Information Officer & Executive VP5.33yrsno datano data
Dana Perlman
Senior VP of Business Development & Investor Relations and Treasurerno datano data0.0055% $246.6k
Mark Fischer
Executive VP21.42yrsno data0.014% $633.4k
David Kozel
Executive VP & Chief Human Resources Officer5yrsno data0.018% $798.1k
Francis Duane
Executive Officerno dataUS$6.87m0.015% $671.3k
Arthur Heffner
Group Executive Vice President of Logistics Services - Pvh Logisticsno datano datano data

5.3yrs

Average Tenure

56.5yo

Average Age

Experienced Management: PVH's management team is seasoned and experienced (5.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Emanuel Chirico
Chairman & CEO14.33yrsUS$17.46m0.55% $24.5m
Craig Rydin
Independent Director13.75yrsUS$275.06k0.016% $696.6k
Henry Nasella
Independent Presiding Director13.42yrsUS$320.06k0.011% $467.4k
Joseph Fuller
Independent Director29.42yrsUS$275.06k0.032% $1.4m
Vincent Marino
Independent Director13.42yrsUS$270.06k0.030% $1.3m
Mary Baglivo
Independent Director13.42yrsUS$260.06k0.014% $621.4k
Edward Rosenfeld
Independent Director6.42yrsUS$270.06k0.0014% $62.8k
Brent Callinicos
Independent Director6.42yrsUS$260.06k0.0074% $328.1k
Juan Figuereo
Independent Director9.42yrsUS$290.06k0.0067% $299.6k
Judith Amanda Knox
Independent Director3.5yrsUS$285.06k0.0019% $86.4k

13.2yrs

Average Tenure

61.5yo

Average Age

Experienced Board: PVH's board of directors are seasoned and experienced ( 13.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if 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 company bio, 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
  • Market Cap: US$4.451b
  • Shares outstanding: 70.94m
  • Website: https://www.pvh.com

Number of Employees


Location

  • PVH Corp.
  • 200 Madison Avenue
  • New York
  • New York
  • 10016
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PVHNYSE (New York Stock Exchange)YesCommon StockUSUSDJan 1968
PVHDB (Deutsche Boerse AG)YesCommon StockDEEURJan 1968
0KEQLSE (London Stock Exchange)YesCommon StockGBUSDJan 1968
PVH *BMV (Bolsa Mexicana de Valores)YesCommon StockMXMXNJan 1968
P1VH34BOVESPA (Bolsa de Valores de Sao Paulo)BDR EACH 2 REPR 1 COMBRBRLJan 2020

Biography

PVH Corp. operates as an apparel company in the United States and internationally. 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 and women’s apparel and accessories, including branded dress shirts, neckwear, sportswear, jeans wear, performance apparel, intimate apparel, underwear, outerwear, luggage products, swimwear, swim products, handbags, accessories, footwear, sleepwear, loungewear, hats, scarves, gloves, socks, watches and jewelry, eyeglasses and non-ophthalmic sunglasses, fragrance, bath products, cosmetics, furnishings, small leather goods, accessories, and other products. The company offers its products under its own brands, such as Tommy Hilfiger, Calvin Klein, Van Heusen, IZOD, ARROW, Warner’s, Olga, Geoffrey Beene, and True&Co.; and licensed brands comprising Speedo, Kenneth Cole New York, Kenneth Cole Reaction, Unlisted, a Kenneth Cole Production, MICHAEL Michael Kors, Michael Kors Collection, DKNY, and Chaps, as well as various other licensed and private label brands. It also licenses its own brands over various products. The company distributes its products at wholesale in department, chain, and specialty stores, as well as through warehouse clubs, mass market, and off-price and independent retailers; and through company-operated full-price specialty and outlet stores, as well as through digital commerce sites. PVH Corp. was founded in 1881 and is based in New York, New York. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/06 03:01
End of Day Share Price2020/06/05 00:00
Earnings2020/02/02
Annual Earnings2020/02/02


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.