Tapestry
Market Cap
US$4.0b
Last Updated
2020/08/09 00:33 UTC
Data Sources
Company Financials +
Executive Summary
Tapestry, Inc. provides luxury accessories and branded lifestyle products in the United States, Japan, China, Hong Kong, Macau, Europe, Canada, Taiwan, South Korea, Malaysia, Australia, New Zealand, and Singapore.
Rewards
Risk Analysis
Snowflake Analysis
Moderate growth potential and slightly overvalued.
Similar Companies
Share Price & News
How has Tapestry's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TPR has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
8.6%
TPR
3.8%
US Luxury
2.5%
US Market
1 Year Return
-47.0%
TPR
9.5%
US Luxury
16.3%
US Market
Return vs Industry: TPR underperformed the US Luxury industry which returned 9.5% over the past year.
Return vs Market: TPR underperformed the US Market which returned 16.3% over the past year.
Shareholder returns
| TPR | Industry | Market | |
|---|---|---|---|
| 7 Day | 8.6% | 3.8% | 2.5% |
| 30 Day | 15.0% | 5.6% | 5.3% |
| 90 Day | 4.2% | 16.1% | 16.3% |
| 1 Year | -44.7%-47.0% | 10.9%9.5% | 18.8%16.3% |
| 3 Year | -65.9%-69.5% | 47.2%40.3% | 45.0%35.7% |
| 5 Year | -45.4%-54.6% | 31.7%23.1% | 75.8%56.8% |
Price Volatility Vs. Market
How volatile is Tapestry's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 months ago | Simply Wall St
How Does Tapestry's (NYSE:TPR) P/E Compare To Its Industry, After The Share Price Drop?5 months ago | Simply Wall St
It Might Be Better To Avoid Tapestry, Inc.'s (NYSE:TPR) Upcoming Dividend5 months ago | Simply Wall St
What Can We Learn From Tapestry, Inc.’s (NYSE:TPR) Investment Returns?Valuation
Is Tapestry undervalued compared to its fair value and its price relative to the market?
45.0%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: TPR ($14.51) is trading below our estimate of fair value ($26.37)
Significantly Below Fair Value: TPR is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: TPR is unprofitable, so we can't compare its PE Ratio to the US Luxury industry average.
PE vs Market: TPR is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate TPR's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: TPR is overvalued based on its PB Ratio (1.6x) compared to the US Luxury industry average (1.1x).
Next Steps
Future Growth
How is Tapestry forecast to perform in the next 1 to 3 years based on estimates from 28 analysts?
64.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TPR is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.2%).
Earnings vs Market: TPR is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: TPR's is expected to become profitable in the next 3 years.
Revenue vs Market: TPR's revenue (5.1% per year) is forecast to grow slower than the US market (9.4% per year).
High Growth Revenue: TPR's revenue (5.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TPR's Return on Equity is forecast to be low in 3 years time (15.5%).
Next Steps
Past Performance
How has Tapestry performed over the past 5 years?
0.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TPR is currently unprofitable.
Growing Profit Margin: TPR is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: TPR is unprofitable, but has reduced losses over the past 5 years at a rate of 0.7% per year.
Accelerating Growth: Unable to compare TPR's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: TPR is unprofitable, making it difficult to compare its past year earnings growth to the Luxury industry (-41.2%).
Return on Equity
High ROE: TPR has a negative Return on Equity (-8.2%), as it is currently unprofitable.
Next Steps
Financial Health
How is Tapestry's financial position?
Financial Position Analysis
Short Term Liabilities: TPR's short term assets ($2.1B) exceed its short term liabilities ($1.1B).
Long Term Liabilities: TPR's short term assets ($2.1B) do not cover its long term liabilities ($4.1B).
Debt to Equity History and Analysis
Debt Level: TPR's debt to equity ratio (62.6%) is considered high.
Reducing Debt: TPR's debt to equity ratio has increased from 35.3% to 62.6% over the past 5 years.
Debt Coverage: TPR's debt is well covered by operating cash flow (39.7%).
Interest Coverage: TPR is unprofitable, therefore interest payments are not well covered by earnings.
Balance Sheet
Next Steps
Dividend
What is Tapestry current dividend yield, its reliability and sustainability?
5.07%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate TPR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate TPR'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 TPR's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if TPR's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: TPR is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of TPR'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?
1.3yrs
Average management tenure
CEO
Todd Kahn (56 yo)
0.083
Tenure
US$2,978,894
Compensation
Mr. Todd Kahn has been Interim CEO and Brand President of Coach at Tapestry, Inc. since July 21, 2020. He has been Chief Administrative Officer at Kate Spade & Company since July 11, 2017. Mr. Kahn has bee ...
CEO Compensation Analysis
Compensation vs Market: Todd's total compensation ($USD2.98M) is below average for companies of similar size in the US market ($USD5.76M).
Compensation vs Earnings: Todd's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 0.083yr | US$2.98m | 0.024% $ 958.3k | |
| Interim CFO | 0.083yr | US$1.44m | 0.022% $ 862.1k | |
| Executive Officer | 3.17yrs | US$4.53m | 0.0067% $ 269.2k | |
| Interim Chief Executive Officer | 0.083yr | no data | no data | |
| Chief Operations Officer | 1.08yrs | no data | no data | |
| VP, Principal Accounting Officer & Controller | 0.17yr | no data | no data | |
| Global Human Resources Officer | 6.33yrs | US$1.83m | 0.022% $ 901.4k | |
| Global Head of Creative Studio & VP | 4.83yrs | no data | no data | |
| Senior Vice President of Global Public Relations and Communications | 4.42yrs | no data | no data | |
| Global Head of Supply Chain | no data | no data | no data | |
| Chief Digital Officer | 1.58yrs | no data | no data | |
| CEO & Brand President of Stuart Weitzman | no data | no data | no data |
1.3yrs
Average Tenure
56yo
Average Age
Experienced Management: TPR's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Board & Lead Independent Director | 0.083yr | US$270.04k | 0.0091% $ 362.6k | |
| Director Emeritus | 1.75yrs | US$54.54k | no data | |
| Independent Non Executive Director | 15.5yrs | US$240.04k | 0.018% $ 708.3k | |
| Director | 0.33yr | no data | 0.0058% $ 230.8k | |
| Independent Outside Director | 2.08yrs | US$390.16k | 0.0033% $ 132.6k | |
| Independent Outside Director | 2.67yrs | US$240.04k | 0.00070% $ 28.0k | |
| Independent Director | 6.25yrs | US$270.04k | 0.0093% $ 373.0k | |
| Independent Director | 4.58yrs | US$90.00k | no data |
2.4yrs
Average Tenure
58yo
Average Age
Experienced Board: TPR's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: TPR 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
Tapestry, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Tapestry, Inc.
- Ticker: TPR
- Exchange: NYSE
- Founded: 1941
- Industry: Apparel, Accessories and Luxury Goods
- Sector: Consumer Durables
- Market Cap: US$4.006b
- Shares outstanding: 276.10m
- Website: https://www.tapestry.com
Number of Employees
Location
- Tapestry, Inc.
- 10 Hudson Yards
- New York
- New York
- 10001
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| TPR | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Oct 2000 |
| COY | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Oct 2000 |
| 0LD5 | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | Oct 2000 |
| TPRY34 | BOVESPA (Bolsa de Valores de Sao Paulo) | BDR EACH 1 REP 1 COM USD0.01 | BR | BRL | May 2019 |
Biography
Tapestry, Inc. provides luxury accessories and branded lifestyle products in the United States, Japan, China, Hong Kong, Macau, Europe, Canada, Taiwan, South Korea, Malaysia, Australia, New Zealand, and Si ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/08/09 00:33 |
| End of Day Share Price | 2020/08/07 00:00 |
| Earnings | 2020/03/28 |
| Annual Earnings | 2019/06/29 |
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.