NasdaqGS:IPAR

Stock Analysis Report

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Executive Summary

Inter Parfums, Inc., together with its subsidiaries, manufactures, markets, and distributes a range of fragrances and fragrance related products in the United States and internationally. More Details


Snowflake Analysis

Flawless balance sheet second-rate 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 is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: IPAR's weekly volatility has decreased from 10% to 4% over the past year.


Market Performance


7 Day Return

-3.3%

IPAR

-3.0%

US Personal Products

-2.4%

US Market


1 Year Return

28.6%

IPAR

45.9%

US Personal Products

31.2%

US Market

Return vs Industry: IPAR underperformed the US Personal Products industry which returned 44.2% over the past year.

Return vs Market: IPAR underperformed the US Market which returned 29.4% over the past year.


Shareholder returns

IPARIndustryMarket
7 Day-3.3%-3.0%-2.4%
30 Day8.7%9.6%-3.0%
90 Day20.9%17.2%3.2%
1 Year29.5%28.6%46.8%45.9%34.1%31.2%
3 Year58.2%52.2%58.8%52.6%48.1%38.6%
5 Year172.3%151.9%105.0%89.0%116.5%92.3%

Long-Term 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

Valuation

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

57.75x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: IPAR ($72.75) is trading above our estimate of fair value ($34.32)

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 (60x) compared to the US Personal Products industry average (19.5x).

PE vs Market: IPAR is poor value based on its PE Ratio (60x) compared to the US market (21.4x).


Price to Earnings Growth Ratio

PEG Ratio: IPAR is poor value based on its PEG Ratio (3.6x)


Price to Book Ratio

PB vs Industry: IPAR is overvalued based on its PB Ratio (4.3x) compared to the US Personal Products industry average (2.6x).


Next Steps

Future Growth

How is Inter Parfums forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

22.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: IPAR's forecast earnings growth (16.7% per year) is above the savings rate (2%).

Earnings vs Market: IPAR's earnings (16.7% per year) are forecast to grow slower than the US market (19.6% per year).

High Growth Earnings: IPAR's earnings are forecast to grow, but not significantly.

Revenue vs Market: IPAR's revenue (13.8% per year) is forecast to grow faster than the US market (10.1% per year).

High Growth Revenue: IPAR's revenue (13.8% 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 (7.2%).


Next Steps

Past Performance

How has Inter Parfums performed over the past 5 years?

8.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: IPAR has high quality earnings.

Growing Profit Margin: IPAR's current net profit margins (7.1%) are lower than last year (8.4%).


Past Earnings Growth Analysis

Earnings Trend: IPAR's earnings have grown by 8.7% per year over the past 5 years.

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

Earnings vs Industry: IPAR had negative earnings growth (-36.5%) over the past year, making it difficult to compare to the Personal Products industry average (17.1%).


Return on Equity

High ROE: IPAR's Return on Equity (7.1%) 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 ($600.7M) exceed its short term liabilities ($156.2M).

Long Term Liabilities: IPAR's short term assets ($600.7M) exceed its long term liabilities ($31.5M).


Debt to Equity History and Analysis

Debt Level: IPAR's debt to equity ratio (3.5%) is considered satisfactory.

Reducing Debt: IPAR's debt to equity ratio has reduced from 20.7% to 3.5% over the past 5 years.

Debt Coverage: IPAR's debt is well covered by operating cash flow (263.1%).

Interest Coverage: IPAR earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

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

1.43%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: IPAR's dividend (1.37%) is higher than the bottom 25% of dividend payers in the US market (1.31%).

High Dividend: IPAR's dividend (1.37%) is low compared to the top 25% of dividend payers in the US market (3.69%).


Stability and Growth of Payments

Stable Dividend: IPAR's dividend payments have been volatile 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 reasonably low payout ratio (27.2%), IPAR's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: IPAR's dividends in 3 years are not forecast to be well covered by earnings (145.3% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

27.2yrs

Average management tenure


CEO

Jean Madar (59 yo)

24.17yrs

Tenure

US$1,230,000

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 ($USD1.23M) is below average for companies of similar size in the US market ($USD3.64M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Jean Madar
Chairman24.17yrsUS$1.23m22.36%
$ 495.1m
Philippe Bénacin
Vice Chairman29.5yrsUS$949.42k21.71%
$ 480.6m
Russell Greenberg
Executive VP26.08yrsUS$755.00k0.024%
$ 526.5k
Frédéric Garcia-Pelayo
Executive VP & COO of Interparfums SAno dataUS$791.81k0%
$ 0
Michelle Habert
Controller & Secretaryno datano datano data

27.2yrs

Average Tenure

60.5yo

Average Age

Experienced Management: IPAR's management team is seasoned and experienced (27.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jean Madar
Chairman24.17yrsUS$1.23m22.36%
$ 495.1m
Philippe Bénacin
Vice Chairman29.5yrsUS$949.42k21.71%
$ 480.6m
Russell Greenberg
Executive VP26.08yrsUS$755.00k0.024%
$ 526.5k
Patrick Choël
Independent Director14.75yrsUS$52.48k0.010%
$ 228.3k
Robert Bensoussan-Torres
Independent Director24yrsUS$39.24k0.021%
$ 456.3k
Joseph Caccamo
Directorno dataUS$13.18kno data
Francois Heilbronn
Independent Director33.17yrsUS$80.97k0.11%
$ 2.4m
Philippe Santi
Director21.25yrsUS$782.83k0%
$ 0
Gilbert Harrison
Independent Director2.92yrsUS$89.24k0%
$ 0
Michel Dyens
Independent Directorno dataUS$39.24k0.0095%
$ 210.6k
Véronique Gabaï-Pinsky
Independent Director3.5yrsUS$47.24k0%
$ 0

24.0yrs

Average Tenure

62yo

Average Age

Experienced Board: IPAR's board of directors are seasoned and experienced ( 24 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.


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$2.214b
  • Shares outstanding: 31.64m
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
IPARNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDFeb 1988
JF1DB (Deutsche Boerse AG)YesCommon StockDEEURFeb 1988

Biography

Inter Parfums, Inc., together with its subsidiaries, manufactures, markets, and distributes a range of fragrances and fragrance related products in the United States and internationally. The company operat...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/05 00:16
End of Day Share Price2021/03/04 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.