Inter Parfums
Market Cap
US$1.5b
Last Updated
2020/03/29 01:05 UTC
Data Sources
Company Financials +
Executive Summary
Inter Parfums, Inc., together with its subsidiaries, manufactures, markets, and distributes a range of fragrances and fragrance related products.
Rewards
Risk Analysis
Snowflake Analysis
Excellent balance sheet established dividend payer.
Similar Companies
Share Price & News
How has Inter Parfums's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: IPAR's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
35.6%
IPAR
9.0%
US Personal Products
9.9%
US Market
1 Year Return
-36.9%
IPAR
-14.9%
US Personal Products
-11.9%
US Market
Return vs Industry: IPAR underperformed the US Personal Products industry which returned -14.9% over the past year.
Return vs Market: IPAR underperformed the US Market which returned -11.9% over the past year.
Shareholder returns
| IPAR | Industry | Market | |
|---|---|---|---|
| 7 Day | 35.6% | 9.0% | 9.9% |
| 30 Day | -20.3% | -14.8% | -15.0% |
| 90 Day | -34.5% | -25.2% | -21.5% |
| 1 Year | -36.1%-36.9% | -13.7%-14.9% | -10.0%-11.9% |
| 3 Year | 37.1%31.0% | 24.4%18.2% | 12.3%5.1% |
| 5 Year | 60.4%47.3% | 19.6%6.9% | 32.5%18.1% |
Price Volatility Vs. Market
How volatile is Inter Parfums's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 days ago | Simply Wall St
Inter Parfums, Inc. (NASDAQ:IPAR) Pays A US$0.33 Dividend In Just 4 Days2 weeks ago | Simply Wall St
Is Inter Parfums, Inc.'s (NASDAQ:IPAR) 12% ROE Worse Than Average?3 weeks ago | Simply Wall St
Inter Parfums, Inc. Just Reported Earnings, And Analysts Cut Their Target PriceValuation
Is Inter Parfums undervalued compared to its fair value and its price relative to the market?
24.99x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: IPAR ($47.87) is trading above our estimate of fair value ($34.87)
Significantly Below Fair Value: IPAR is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: IPAR is poor value based on its PE Ratio (25x) compared to the Personal Products industry average (11x).
PE vs Market: IPAR is poor value based on its PE Ratio (25x) compared to the US market (13x).
Price to Earnings Growth Ratio
PEG Ratio: IPAR is poor value based on its PEG Ratio (9.6x)
Price to Book Ratio
PB vs Industry: IPAR is overvalued based on its PB Ratio (3.2x) compared to the US Personal Products industry average (1.8x).
Next Steps
Future Growth
How is Inter Parfums forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
2.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: IPAR's forecast earnings growth (2.6% per year) is above the savings rate (1.7%).
Earnings vs Market: IPAR's earnings (2.6% per year) are forecast to grow slower than the US market (12.3% per year).
High Growth Earnings: IPAR's earnings are forecast to grow, but not significantly.
Revenue vs Market: IPAR's revenue (2% per year) is forecast to grow slower than the US market (7.3% per year).
High Growth Revenue: IPAR's revenue (2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: IPAR's Return on Equity is forecast to be low in 3 years time (9.3%).
Next Steps
Past Performance
How has Inter Parfums performed over the past 5 years?
17.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: IPAR has high quality earnings.
Growing Profit Margin: IPAR's current net profit margins (8.4%) are higher than last year (8%).
Past Earnings Growth Analysis
Earnings Trend: IPAR's earnings have grown by 17.2% per year over the past 5 years.
Accelerating Growth: IPAR's earnings growth over the past year (12%) is below its 5-year average (17.2% per year).
Earnings vs Industry: IPAR earnings growth over the past year (12%) underperformed the Personal Products industry 21.4%.
Return on Equity
High ROE: IPAR's Return on Equity (12.5%) is considered low.
Next Steps
Financial Health
How is Inter Parfums's financial position?
Financial Position Analysis
Short Term Liabilities: IPAR's short term assets ($573.3M) exceed its short term liabilities ($184.5M).
Long Term Liabilities: IPAR's short term assets ($573.3M) exceed its long term liabilities ($35.4M).
Debt to Equity History and Analysis
Debt Level: IPAR's debt to equity ratio (3.8%) is considered satisfactory.
Reducing Debt: IPAR's debt to equity ratio has increased from 0.06% to 3.8% over the past 5 years.
Debt Coverage: IPAR's debt is well covered by operating cash flow (331.5%).
Interest Coverage: IPAR earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Inventory Level: IPAR has a high level of physical assets or inventory.
Debt Coverage by Assets: IPAR's debt is covered by short term assets (assets are 24.9x debt).
Next Steps
Dividend
What is Inter Parfums's current dividend yield, its reliability and sustainability?
2.76%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: IPAR's dividend (2.76%) is higher than the bottom 25% of dividend payers in the US market (1.98%).
High Dividend: IPAR's dividend (2.76%) is low compared to the top 25% of dividend payers in the US market (5.49%).
Stability and Growth of Payments
Stable Dividend: IPAR's dividends per share have been stable in the past 10 years.
Growing Dividend: IPAR's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (60.3%), IPAR's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: IPAR's dividends in 3 years are forecast to be covered by earnings (74.9% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
26.2yrs
Average management tenure
CEO
Jean Madar (58yo)
23.17s
Tenure
US$1,121,412
Compensation
Mr. Jean Madar founded Inter Parfums Inc. in 1989 and has been its Chief Executive Officer since January 1997. Mr. Madar serves as Chief Executive Officer at Inter Parfums USA, LLC. He serves as Chief Exec ...
CEO Compensation Analysis
Compensation vs Market: Jean's total compensation ($USD1.12M) is below average for companies of similar size in the US market ($USD4.58M).
Compensation vs Earnings: Jean's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 23.17yrs | US$1.12m | 22.34% $337.1m | |
| Vice Chairman | 28.5yrs | US$1.39m | 21.71% $327.7m | |
| Executive VP | 25yrs | US$1.13m | no data | |
| Executive VP & COO of Interparfums SA | no data | US$1.11m | no data | |
| Controller & Secretary | no data | no data | no data |
26.2yrs
Average Tenure
59.5yo
Average Age
Experienced Management: IPAR's management team is seasoned and experienced (26.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 23.17yrs | US$1.12m | 22.34% $337.1m | |
| Vice Chairman | 28.5yrs | US$1.39m | 21.71% $327.7m | |
| Executive VP | 25yrs | US$1.13m | no data | |
| Independent Director | 13.75yrs | US$65.43k | 0.0087% $131.6k | |
| Independent Director | 23yrs | US$75.24k | 0.017% $263.2k | |
| Independent Director | 32.17yrs | US$84.96k | 0.10% $1.6m | |
| Director | 20.25yrs | US$1.10m | no data | |
| Independent Director | 1.92yrs | US$29.33k | no data | |
| Independent Director | no data | US$105.49k | 0.0063% $95.7k | |
| Independent Director | 2.5yrs | US$38.33k | no data |
23.0yrs
Average Tenure
60.5yo
Average Age
Experienced Board: IPAR's board of directors are seasoned and experienced ( 23 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
Inter Parfums, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Inter Parfums, Inc.
- Ticker: IPAR
- Exchange: NasdaqGS
- Founded: 1982
- Industry: Personal Products
- Sector: Household
- Market Cap: US$1.509b
- Shares outstanding: 31.53m
- Website: https://www.interparfumsinc.com
Number of Employees
Location
- Inter Parfums, Inc.
- 551 Fifth Avenue
- Suite 1500
- New York
- New York
- 10176
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| IPAR | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Feb 1988 |
| JF1 | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Feb 1988 |
Biography
Inter Parfums, Inc., together with its subsidiaries, manufactures, markets, and distributes a range of fragrances and fragrance related products. The company operates in two segments, European Based Operations and United States Based Operations. It offers its fragrance and cosmetic products under the Boucheron, Coach, Jimmy Choo, Karl Lagerfeld, Kate Spade New York, Lanvin, Montblanc, Paul Smith, Repetto, Rochas, S.T. Dupont, Van Cleef & Arpels, Abercrombie & Fitch, Anna Sui, bebe, Dunhill, Hollister, French Connection, Graff, GUESS, Lily Aldridge, MCM, and Oscar de la Renta brand names, as well as under the Intimate and Aziza names. It sells its products to department stores, perfumeries, specialty stores, domestic and international wholesalers, and distributors. The company was formerly known as Jean Philippe Fragrances, Inc. and changed its name to Inter Parfums, Inc. in July 1999. Inter Parfums, Inc. was founded in 1982 and is headquartered in New York, New York.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/03/29 01:05 |
| End of Day Share Price | 2020/03/27 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.