Tapestry
Market Cap
US$12.6b
Last Updated
2021/05/13 22:31 UTC
Data Sources
Company Financials +
Executive Summary
Tapestry, Inc. provides luxury accessories and branded lifestyle products in the United States, Japan, Greater China, Other Asia, and internationally. More Details
Rewards
Risk Analysis
Snowflake Analysis
Mediocre balance sheet with limited growth.
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 is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: TPR's weekly volatility (6%) has been stable over the past year.
Market Performance
7 Day Return
-3.2%
TPR
-2.5%
US Luxury
-2.8%
US Market
1 Year Return
265.1%
TPR
69.2%
US Luxury
49.0%
US Market
Return vs Industry: TPR exceeded the US Luxury industry which returned 70.5% over the past year.
Return vs Market: TPR exceeded the US Market which returned 49.4% over the past year.
Shareholder returns
| TPR | Industry | Market | |
|---|---|---|---|
| 7 Day | -3.2% | -2.5% | -2.8% |
| 30 Day | 0.6% | -1.1% | -2.6% |
| 90 Day | 18.3% | -1.1% | -1.5% |
| 1 Year | 265.1%265.1% | 70.6%69.2% | 51.5%49.0% |
| 3 Year | 11.3%2.0% | 63.3%56.6% | 58.2%48.3% |
| 5 Year | 38.5%18.9% | 106.2%92.6% | 123.8%98.9% |
Long-Term 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
1 month ago | Simply Wall St
Is Tapestry (NYSE:TPR) A Risky Investment?1 month ago | Simply Wall St
What Type Of Shareholders Own The Most Number of Tapestry, Inc. (NYSE:TPR) Shares?2 months ago | Simply Wall St
A Look At The Intrinsic Value Of Tapestry, Inc. (NYSE:TPR)Valuation
Is Tapestry undervalued compared to its fair value and its price relative to the market?
16.3%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: TPR ($45.31) is trading below our estimate of fair value ($54.16)
Significantly Below Fair Value: TPR is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: TPR is poor value based on its PE Ratio (36.9x) compared to the US Luxury industry average (26.7x).
PE vs Market: TPR is poor value based on its PE Ratio (36.9x) compared to the US market (19.5x).
Price to Earnings Growth Ratio
PEG Ratio: TPR is poor value based on its PEG Ratio (3.6x)
Price to Book Ratio
PB vs Industry: TPR is overvalued based on its PB Ratio (4.2x) compared to the US Luxury industry average (2x).
Future Growth
How is Tapestry forecast to perform in the next 1 to 3 years based on estimates from 25 analysts?
10.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TPR's forecast earnings growth (10.1% per year) is above the savings rate (2%).
Earnings vs Market: TPR's earnings (10.1% per year) are forecast to grow slower than the US market (14.7% per year).
High Growth Earnings: TPR's earnings are forecast to grow, but not significantly.
Revenue vs Market: TPR's revenue (4.9% per year) is forecast to grow slower than the US market (9% per year).
High Growth Revenue: TPR's revenue (4.9% 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 high in 3 years time (23.7%)
Past Performance
How has Tapestry performed over the past 5 years?
-27.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TPR has a large one-off loss of $346.8M impacting its March 27 2021 financial results.
Growing Profit Margin: TPR became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: TPR's earnings have declined by 27.7% per year over the past 5 years.
Accelerating Growth: TPR has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: TPR has become profitable in the last year, making it difficult to compare its past year earnings growth to the Luxury industry (4.4%).
Return on Equity
High ROE: TPR's Return on Equity (11.3%) is considered low.
Financial Health
How is Tapestry's financial position?
Financial Position Analysis
Short Term Liabilities: TPR's short term assets ($2.9B) exceed its short term liabilities ($1.3B).
Long Term Liabilities: TPR's short term assets ($2.9B) do not cover its long term liabilities ($3.7B).
Debt to Equity History and Analysis
Debt Level: TPR's debt to equity ratio (52.7%) is considered high.
Reducing Debt: TPR's debt to equity ratio has increased from 33.6% to 52.7% over the past 5 years.
Debt Coverage: TPR's debt is well covered by operating cash flow (56.9%).
Interest Coverage: TPR's interest payments on its debt are well covered by EBIT (10.3x coverage).
Balance Sheet
Dividend
What is Tapestry current dividend yield, its reliability and sustainability?
1.92%
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?
1.8yrs
Average management tenure
CEO
Joanne Crevoiserat (56 yo)
0.83
Tenure
US$5,259,937
Compensation
Ms. Joanne C. Crevoiserat has been Chief Executive Officer of Tapestry, Inc. since October 27, 2020 and its Director since November 5, 2020 and serves as its President since April 15, 2021. Ms. Crevoiserat...
CEO Compensation Analysis
Compensation vs Market: Joanne's total compensation ($USD5.26M) is below average for companies of similar size in the US market ($USD11.15M).
Compensation vs Earnings: Insufficient data to compare Joanne's compensation with company performance.
Leadership Team
Experienced Management: TPR's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
Board Members
Experienced Board: TPR's board of directors are not considered experienced ( 2.5 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: 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
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$12.635b
- Shares outstanding: 278.86m
- Website: https://www.tapestry.com
Number of Employees
Location
- Tapestry, Inc.
- 10 Hudson Yards
- New York
- New York
- 10001
- United States
Listings
Biography
Tapestry, Inc. provides luxury accessories and branded lifestyle products in the United States, Japan, Greater China, Other Asia, and internationally. The company operates through three segments: Coach, Ka...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/05/13 22:31 |
| End of Day Share Price | 2021/05/13 00:00 |
| Earnings | 2021/03/27 |
| Annual Earnings | 2020/06/27 |
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.