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Inter Parfums

Nasdaq:IPAR
Snowflake Description

Excellent balance sheet established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
IPAR
Nasdaq
$2B
Market Cap
  1. Home
  2. US
  3. Household
Company description

Inter Parfums, Inc., together with its subsidiaries, manufactures, markets, and distributes a range of fragrances and fragrance related products. The last earnings update was 46 days ago. More info.


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IPAR Share Price and Events
7 Day Returns
-0.1%
NasdaqGS:IPAR
0.4%
US Personal Products
0.4%
US Market
1 Year Returns
51.2%
NasdaqGS:IPAR
0.7%
US Personal Products
6.8%
US Market
IPAR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Inter Parfums (IPAR) -0.1% -3% 24.8% 51.2% 140.7% 112%
US Personal Products 0.4% 1.1% 26.7% 0.7% 19.5% 39.6%
US Market 0.4% 2.6% 11% 6.8% 38.1% 45.7%
1 Year Return vs Industry and Market
  • IPAR outperformed the Personal Products industry which returned 0.7% over the past year.
  • IPAR outperformed the Market in United States of America which returned 6.8% over the past year.
Price Volatility
IPAR
Industry
5yr Volatility vs Market

Value

 Is Inter Parfums undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Inter Parfums to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Inter Parfums.

NasdaqGS:IPAR Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.5%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:IPAR
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Personal Products Unlevered Beta Simply Wall St/ S&P Global 0.67
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.675 (1 + (1- 21%) (1.97%))
0.789
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.8 * 5.96%)
7.5%

Discounted Cash Flow Calculation for NasdaqGS:IPAR using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Inter Parfums is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NasdaqGS:IPAR DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 7.5%)
2019 62.20 Analyst x1 57.86
2020 78.70 Analyst x1 68.10
2021 92.22 Est @ 17.18% 74.24
2022 104.07 Est @ 12.84% 77.93
2023 114.28 Est @ 9.81% 79.61
2024 123.06 Est @ 7.69% 79.75
2025 130.69 Est @ 6.2% 78.78
2026 137.43 Est @ 5.16% 77.07
2027 143.52 Est @ 4.43% 74.87
2028 149.14 Est @ 3.92% 72.38
Present value of next 10 years cash flows $740.58
NasdaqGS:IPAR DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $149.14 × (1 + 2.73%) ÷ (7.5% – 2.73%)
$3,213.39
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $3,213.39 ÷ (1 + 7.5%)10
$1,559.41
NasdaqGS:IPAR Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $740.58 + $1,559.41
$2,299.99
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $2,299.99 / 31.44
$73.15
NasdaqGS:IPAR Discount to Share Price
Calculation Result
Value per share (USD) From above. $73.15
Current discount Discount to share price of $74.49
= -1 x ($74.49 - $73.15) / $73.15
-1.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Inter Parfums is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Inter Parfums's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Inter Parfums's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:IPAR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $1.72
NasdaqGS:IPAR Share Price ** NasdaqGS (2019-04-16) in USD $74.49
United States of America Personal Products Industry PE Ratio Median Figure of 19 Publicly-Listed Personal Products Companies 24.79x
United States of America Market PE Ratio Median Figure of 3,072 Publicly-Listed Companies 18.08x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Inter Parfums.

NasdaqGS:IPAR PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:IPAR Share Price ÷ EPS (both in USD)

= 74.49 ÷ 1.72

43.35x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Inter Parfums is overvalued based on earnings compared to the US Personal Products industry average.
  • Inter Parfums is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Inter Parfums's expected growth come at a high price?
Raw Data
NasdaqGS:IPAR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 43.35x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
13.1%per year
United States of America Personal Products Industry PEG Ratio Median Figure of 8 Publicly-Listed Personal Products Companies 1.78x
United States of America Market PEG Ratio Median Figure of 2,107 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

NasdaqGS:IPAR PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 43.35x ÷ 13.1%

3.3x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Inter Parfums is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Inter Parfums's assets?
Raw Data
NasdaqGS:IPAR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $14.26
NasdaqGS:IPAR Share Price * NasdaqGS (2019-04-16) in USD $74.49
United States of America Personal Products Industry PB Ratio Median Figure of 45 Publicly-Listed Personal Products Companies 5.26x
United States of America Market PB Ratio Median Figure of 5,176 Publicly-Listed Companies 1.91x
NasdaqGS:IPAR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:IPAR Share Price ÷ Book Value per Share (both in USD)

= 74.49 ÷ 14.26

5.22x

* Primary Listing of Inter Parfums.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Inter Parfums is good value based on assets compared to the US Personal Products industry average.
X
Value checks
We assess Inter Parfums's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Personal Products industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Personal Products industry average (and greater than 0)? (1 check)
  5. Inter Parfums has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

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

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
13.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Inter Parfums expected to grow at an attractive rate?
  • Inter Parfums's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Inter Parfums's earnings growth is positive but not above the United States of America market average.
  • Inter Parfums's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:IPAR Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:IPAR Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 13.1%
NasdaqGS:IPAR Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 6.9%
United States of America Personal Products Industry Earnings Growth Rate Market Cap Weighted Average 18.9%
United States of America Personal Products Industry Revenue Growth Rate Market Cap Weighted Average 6.4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:IPAR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:IPAR Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 777 83 70 3
2019-12-31 720 66 60 3
NasdaqGS:IPAR Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 676 63 54
2018-09-30 648 48 50
2018-06-30 640 41 48
2018-03-31 620 38 44
2017-12-31 591 36 42
2017-09-30 576 51 41
2017-06-30 565 50 40
2017-03-31 553 44 39
2016-12-31 521 55 33
2016-09-30 505 50 31
2016-06-30 486 53 29
2016-03-31 471 39 28

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Inter Parfums's earnings are expected to grow by 13.1% yearly, however this is not considered high growth (20% yearly).
  • Inter Parfums's revenue is expected to grow by 6.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:IPAR Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Inter Parfums Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:IPAR Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 2.21 2.35 2.12 3.00
2019-12-31 1.90 1.95 1.85 3.00
NasdaqGS:IPAR Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 1.72
2018-09-30 1.60
2018-06-30 1.55
2018-03-31 1.41
2017-12-31 1.33
2017-09-30 1.32
2017-06-30 1.29
2017-03-31 1.27
2016-12-31 1.07
2016-09-30 1.01
2016-06-30 0.94
2016-03-31 0.90

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Inter Parfums is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Inter Parfums's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Inter Parfums has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Inter Parfums performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Inter Parfums's growth in the last year to its industry (Personal Products).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Inter Parfums's year on year earnings growth rate has been positive over the past 5 years.
  • Inter Parfums's 1-year earnings growth exceeds its 5-year average (29.3% vs 15.7%)
  • Inter Parfums's earnings growth has exceeded the US Personal Products industry average in the past year (29.3% vs 21.4%).
Earnings and Revenue History
Inter Parfums's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Inter Parfums Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:IPAR Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 675.57 53.79 283.93
2018-09-30 647.87 50.15 272.25
2018-06-30 640.19 48.29 270.19
2018-03-31 619.96 44.13 264.97
2017-12-31 591.25 41.59 255.94
2017-09-30 576.50 41.12 243.88
2017-06-30 564.59 40.28 236.30
2017-03-31 552.61 39.37 229.80
2016-12-31 521.07 33.33 220.99
2016-09-30 504.63 31.26 214.94
2016-06-30 485.95 29.24 212.10
2016-03-31 470.81 27.76 202.11
2015-12-31 468.54 30.44 194.47
2015-09-30 475.35 31.90 191.23
2015-06-30 470.61 28.79 189.19
2015-03-31 486.78 30.55 191.97
2014-12-31 499.26 29.44 198.03
2014-09-30 479.66 21.96 201.41
2014-06-30 472.21 18.70 202.22
2014-03-31 471.50 16.41 203.87
2013-12-31 563.58 39.21 209.53
2013-09-30 634.98 142.98 224.54
2013-06-30 674.49 145.14 241.52
2013-03-31 702.56 147.34 255.44
2012-12-31 654.12 131.14 267.00
2012-09-30 666.28 35.64 279.46
2012-06-30 671.72 36.06 286.56

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Inter Parfums has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Inter Parfums used its assets less efficiently than the US Personal Products industry average last year based on Return on Assets.
  • Inter Parfums has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Inter Parfums's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Personal Products industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Inter Parfums has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Inter Parfums's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Inter Parfums's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Inter Parfums is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Inter Parfums's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Inter Parfums's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 12.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Inter Parfums Company Filings, last reported 3 months ago.

NasdaqGS:IPAR Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 585.75 46.06 261.01
2018-09-30 588.60 52.04 210.73
2018-06-30 572.81 58.11 222.88
2018-03-31 600.28 56.00 250.74
2017-12-31 570.64 60.58 278.24
2017-09-30 562.53 65.57 230.77
2017-06-30 530.40 69.14 240.58
2017-03-31 503.73 70.17 225.50
2016-12-31 483.66 74.56 256.03
2016-09-30 507.55 84.74 213.90
2016-06-30 488.75 89.91 231.73
2016-03-31 500.56 97.80 247.22
2015-12-31 476.39 98.61 259.81
2015-09-30 488.96 106.54 214.75
2015-06-30 474.54 111.64 228.83
2015-03-31 459.90 0.43 243.18
2014-12-31 498.72 0.30 280.29
2014-09-30 512.98 0.24 246.80
2014-06-30 540.62 0.27 274.79
2014-03-31 544.25 3.24 272.91
2013-12-31 535.36 6.10 307.33
2013-09-30 549.49 0.27 287.64
2013-06-30 527.97 0.39 261.80
2013-03-31 525.31 26.69 313.10
2012-12-31 499.98 27.78 307.34
2012-09-30 358.94 1.39 25.85
2012-06-30 339.70 5.99 23.13
  • Inter Parfums's level of debt (7.9%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (1.1% vs 7.9% today).
  • Debt is well covered by operating cash flow (136.9%, greater than 20% of total debt).
  • Inter Parfums earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Inter Parfums's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Inter Parfums has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.48%
Current annual income from Inter Parfums dividends. Estimated to be 1.66% next year.
If you bought $2,000 of Inter Parfums shares you are expected to receive $30 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Inter Parfums's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.41%).
  • Inter Parfums's dividend is below the markets top 25% of dividend payers in United States of America (3.63%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:IPAR Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
United States of America Personal Products Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 1.6%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2008 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:IPAR Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 1.35 1.00
2019-12-31 1.13 1.00
NasdaqGS:IPAR Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-03-01 1.100 1.441
2018-11-05 1.100 1.730
2018-08-07 0.840 1.359
2018-03-13 0.840 1.621
2017-11-08 0.840 1.897
2017-08-07 0.680 1.663
2017-05-09 0.680 1.871
2016-10-24 0.680 1.976
2016-08-09 0.600 1.825
2016-05-10 0.600 2.026
2016-03-14 0.600 1.968
2015-11-09 0.520 2.046
2015-05-15 0.520 1.795
2015-05-11 0.520 1.585
2015-03-11 0.520 1.640
2014-11-10 0.480 1.786
2014-08-12 0.480 1.703
2014-05-07 0.480 1.668
2013-11-18 0.480 1.393
2013-11-06 0.480 1.323
2013-08-07 0.480 1.597
2013-03-13 0.480 1.650
2013-03-12 0.480 1.995
2012-11-07 0.320 1.545
2012-08-08 0.320 1.810
2012-05-09 0.320 1.941
2012-03-12 0.320 2.024
2011-11-09 0.320 1.911
2011-08-09 0.320 1.971
2011-05-09 0.320 1.489
2011-03-08 0.320 1.744
2010-11-09 0.260 1.400
2010-08-09 0.260 1.481
2010-05-10 0.260 1.673
2010-01-26 0.260 1.774
2009-11-09 0.132 1.116
2009-08-10 0.132 1.190
2009-05-11 0.132 1.622
2009-04-17 0.132 1.762

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Inter Parfums's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.6x coverage).
X
Income/ dividend checks
We assess Inter Parfums's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Inter Parfums afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Inter Parfums has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Inter Parfums's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jean Madar
COMPENSATION $994,638
AGE 57
TENURE AS CEO 22.3 years
CEO Bio

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 Executive Officer of Interparfums Holdings. He served as the Chief Executive Officer of Jean Philippe Fragrances, LLC. He served as a Director General of Inter Parfums S.A., a Inter Parfums Inc.'s subsidiary since January 1994. He served as Chief Executive Officer of Inter Parfums Trademark, a subsidiary of Inter Parfums SA. since January 1997. From inception until December 1993, he served as the President at Inter Parfums Inc. He served as the Managing Director of Inter Parfums S.A. from September 1983 until June 1985. At such subsidiary, he had the responsibility of overseeing the marketing operations of its foreign distribution, including market research analysis and actual marketing campaigns. He serves as Chairman of Interparfums Inc. He has been the Chairman and Director of Inter Parfums Inc, since its inception in May 1985. He serves as Chairman at Inter Parfums USA, LLC. He serves as a Director of Inter Parfums Trademark. He has been a Director of InterParfums SA since December 23, 1993. Mr. Madar graduated from The French Higher School of Economic and Commercial Sciences (ESSEC) in 1983.

CEO Compensation
  • Jean's compensation has been consistent with company performance over the past year.
  • Jean's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Inter Parfums management team in years:

25.3
Average Tenure
58.5
Average Age
  • The average tenure for the Inter Parfums management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Jean Madar

TITLE
Chairman
COMPENSATION
$995K
AGE
57
TENURE
22.3 yrs

Philippe Bénacin

TITLE
Vice Chairman
COMPENSATION
$1M
AGE
59
TENURE
25.3 yrs

Russell Greenberg

TITLE
Executive VP
COMPENSATION
$1M
AGE
61
TENURE
26.8 yrs

Frédéric Garcia-Pelayo

TITLE
Executive VP & COO of Interparfums SA
COMPENSATION
$1M
AGE
58

Michelle Habert

TITLE
Controller & Secretary
Board of Directors Tenure

Average tenure and age of the Inter Parfums board of directors in years:

22.1
Average Tenure
59.5
Average Age
  • The average tenure for the Inter Parfums board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Jean Madar

TITLE
Chairman
COMPENSATION
$995K
AGE
57
TENURE
33.9 yrs

Philippe Bénacin

TITLE
Vice Chairman
COMPENSATION
$1M
AGE
59
TENURE
27.6 yrs

Russell Greenberg

TITLE
Executive VP
COMPENSATION
$1M
AGE
61
TENURE
24.2 yrs

Robert Bensoussan-Torres

TITLE
Independent Director
COMPENSATION
$55K
AGE
60
TENURE
22.1 yrs

Francois Heilbronn

TITLE
Independent Director
COMPENSATION
$59K
AGE
57
TENURE
31.3 yrs

Philippe Santi

TITLE
Director
COMPENSATION
$1M
AGE
56
TENURE
19.3 yrs

Patrick Choël

TITLE
Independent Director
COMPENSATION
$75K
AGE
74
TENURE
12.8 yrs

Michel Dyens

TITLE
Independent Director
COMPENSATION
$26K
AGE
78

Veronique Gabai-Pinsky

TITLE
Independent Director
COMPENSATION
$21K
AGE
52
TENURE
1.6 yrs

Gilbert Harrison

TITLE
Director
COMPENSATION
$34K
AGE
77
TENURE
1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
15. May 18 Sell Philippe Bénacin Individual 11. May 18 14. May 18 -27,923 $48.21 $-1,334,181
20. Apr 18 Sell Philippe Bénacin Individual 18. Apr 18 20. Apr 18 -27,953 $49.22 $-1,337,356
X
Management checks
We assess Inter Parfums's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Inter Parfums has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Should We Be Cautious About Inter Parfums, Inc.'s (NASDAQ:IPAR) ROE Of 12%?

Inter Parfums has a ROE of 12%, based on the last twelve months. … One way to conceptualize this, is that for each $1 of shareholders' equity it has, the company made $0.12 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Are Insiders Selling Inter Parfums, Inc. (NASDAQ:IPAR) Stock?

So we'll take a look at whether insiders have been buying or selling shares in Inter Parfums, Inc. … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … Inter Parfums Insider Transactions Over The Last Year.

Simply Wall St -

Top Bear Market Investment: Inter Parfums, Inc. (NASDAQ:IPAR)

Today I want to bring to light the market's darling - Inter Parfums, Inc.. … Looking at its size, financial health and track record, I believe there's an opportunity with Inter Parfums during these volatile times. … Inter Parfums, Inc., together with its subsidiaries, manufactures, markets, and distributes a range of fragrances and fragrance related products

Simply Wall St -

The Inter Parfums Share Price Is Up 172% And Shareholders Are Boasting About It

It might seem bad, but the worst that can happen when you buy a stock (without leverage) is that its share price goes to zero. … During three years of share price growth, Inter Parfums achieved compound earnings per share growth of 16% per year. … This EPS growth is lower than the 40% average annual increase in the share price.

Simply Wall St -

Inter Parfums, Inc. (NASDAQ:IPAR): The Best Of Both Worlds

Help shape the future of investing tools and receive a $20 prize! … (NASDAQ:IPAR) is a company with exceptional fundamental characteristics. … Upon building up an investment case for a stock, we should look at various aspects.

Simply Wall St -

Is Inter Parfums, Inc.'s (NASDAQ:IPAR) Liquidity Good Enough?

Small-cap and large-cap companies receive a lot of attention from investors, but mid-cap stocks like Inter Parfums, Inc. … Don’t forget that this is a general and concentrated examination of Inter Parfums's financial health, so you should conduct further analysis. … View our latest analysis for Inter Parfums

Simply Wall St -

Does Inter Parfums, Inc. (NASDAQ:IPAR) Have A Particularly Volatile Share Price?

(NASDAQ:IPAR), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

Despite Its High P/E Ratio, Is Inter Parfums, Inc. (NASDAQ:IPAR) Still Undervalued?

To keep it practical, we'll show how Inter Parfums, Inc.'s (NASDAQ:IPAR) P/E ratio could help you assess the value on offer. … Based on the last twelve months, Inter Parfums's P/E ratio is 37.77. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Based On Its ROE, Is Inter Parfums, Inc. (NASDAQ:IPAR) A High Quality Stock?

Inter Parfums has a ROE of 11%, based on the last twelve months. … That means that for every $1 worth of shareholders' equity, it generated $0.11 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Should Investors Be Happy About Inter Parfums, Inc.’s (NASDAQ:IPAR) Cash Levels?

I’ve analysed below, the health and outlook of Inter Parfums’s cash flow, which will help you understand the stock from a cash standpoint. … What is Inter Parfums's cash yield. … I will be analysing Inter Parfums’s FCF by looking at its FCF yield and its operating cash flow growth.

Simply Wall St -

Company Info

Description

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, Lanvin, Montblanc, Paul Smith, Repetto, Rochas, S.T. Dupont, Van Cleef & Arpels, Abercrombie & Fitch, Agent Provocateur, Anna Sui, bebe, Dunhill, Hollister, French Connection, Graff, GUESS, Lily Aldridge, 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 1985 and is headquartered in New York, New York.

Details
Name: Inter Parfums, Inc.
IPAR
Exchange: NasdaqGS
Founded: 1985
$2,342,139,757
31,442,338
Website: http://www.interparfumsinc.com
Address: Inter Parfums, Inc.
551 Fifth Avenue,
Suite 1500,
New York,
New York, 10176,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS IPAR Common Stock Nasdaq Global Select US USD 04. Feb 1988
DB JF1 Common Stock Deutsche Boerse AG DE EUR 04. Feb 1988
Number of employees
Current staff
Staff numbers
313
Inter Parfums employees.
Industry
Personal Products
Household
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/16 23:39
End of day share price update: 2019/04/16 00:00
Last estimates confirmation: 2019/04/09
Last earnings filing: 2019/03/01
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.