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Inter Parfums, Inc., together with its subsidiaries, manufactures, markets, and distributes a range of fragrances and fragrance related products. The last earnings update was 105 days ago. More info.
7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
---|---|---|---|---|---|---|
Inter Parfums (IPAR) | 2.7% | 13.1% | 20.9% | 55.2% | 176.2% | 113.9% |
US Personal Products | 7.5% | 23.3% | 6.9% | -0.1% | 23.2% | 29.1% |
US Market | 1.2% | 6.6% | 1.2% | 0.9% | 44.3% | 41.3% |
Is Inter Parfums undervalued based on future cash flows and its price relative to the stock market?
Below are the data sources, inputs and calculation used to determine the intrinsic value for Inter Parfums.
Data Point | Source | Value |
---|---|---|
Valuation Model | 2 Stage Free Cash Flow to Equity | |
Levered Free Cash Flow | Average of 4 Analyst Estimates (S&P Global) | See below |
Discount Rate (Cost of Equity) | See below | 8.5% |
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.
Data Point | Calculation/ Source | Result |
---|---|---|
Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
Equity Risk Premium | S&P Global | 7.3% |
Personal Products Unlevered Beta | Simply Wall St/ S&P Global | 0.62 |
Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.62 (1 + (1- 21%) (2.35%)) |
0.632 |
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 * 7.27%) |
8.55% |
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 use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.
2019 | 2020 | 2021 | 2022 | 2023 | |
Levered FCF (USD, Millions) | 66.10 | 77.70 | 80.91 | 84.25 | 87.73 |
Source | Analyst x1 | Analyst x1 | Est @ 4.13% | Est @ 4.13% | Est @ 4.13% |
Present Value Discounted (@ 8.55%) |
60.90 | 65.95 | 63.26 | 60.69 | 58.22 |
Present value of next 5 years cash flows | $309.02 |
Calculation | Result | |
---|---|---|
Terminal Value |
= FCF2023
× (1 + g) ÷ (Discount Rate – g)
= $87.73 × (1 + 2.73%) ÷ (8.55% – 2.73%) |
$1,549.58 |
Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)5
= $1,549.58 ÷ (1 + 8.55%)5 |
$1,028.36 |
Calculation | Result | |
---|---|---|
Total Equity Value |
= Present value of next 5 years cash flows +
Terminal Value
= $309.02 + $1,028.36 |
$1,337.37 |
Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $1,337.37 / 31.33 |
$42.68 |
Calculation | Result | |
---|---|---|
Value per share (USD) | From above. | $42.68 |
Current discount | Discount to share price of
$70.69
= -1 x ($70.69 - $42.68) / $42.68 |
-65.6% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Data Point | Source | Value |
---|---|---|
Earnings Per Share * | Company Filings (2018-09-30) in USD | $1.60 |
NasdaqGS:IPAR Share Price ** | NasdaqGS (2019-02-15) in USD | $70.69 |
United States of America Personal Products Industry PE Ratio | Median Figure of 17 Publicly-Listed Personal Products Companies | 23.99x |
United States of America Market PE Ratio | Median Figure of 3,045 Publicly-Listed Companies | 16.97x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Inter Parfums.
Calculation | Outcome | |
---|---|---|
PE Ratio | = NasdaqGS:IPAR Share Price ÷ EPS (both in USD) = 70.69 ÷ 1.60 |
44.08x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
Data Point | Source | Value |
---|---|---|
PE Ratio | See PE Ratio Section | 44.08x |
Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts |
12.5%per year |
United States of America Personal Products Industry PEG Ratio | Median Figure of 8 Publicly-Listed Personal Products Companies | 1.98x |
United States of America Market PEG Ratio | Median Figure of 2,115 Publicly-Listed Companies | 1.36x |
*Line of best fit is calculated by linear regression .
Calculation | Outcome | |
---|---|---|
PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 44.08x ÷ 12.5% |
3.52x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
Data Point | Source | Value |
---|---|---|
Book Value per Share | Company Filings (2018-09-30) in USD | $14.36 |
NasdaqGS:IPAR Share Price * | NasdaqGS (2019-02-15) in USD | $70.69 |
United States of America Personal Products Industry PB Ratio | Median Figure of 43 Publicly-Listed Personal Products Companies | 4.65x |
United States of America Market PB Ratio | Median Figure of 5,122 Publicly-Listed Companies | 1.82x |
Calculation | Outcome | |
---|---|---|
PB Ratio | = NasdaqGS:IPAR Share Price ÷ Book Value per Share (both in USD) = 70.69 ÷ 14.36 |
4.92x |
* Primary Listing of Inter Parfums.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
Data Point | Source | Value (per year) |
---|---|---|
NasdaqGS:IPAR Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts | 12.5% |
NasdaqGS:IPAR Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts | 6.4% |
United States of America Personal Products Industry Earnings Growth Rate | Market Cap Weighted Average | 17.5% |
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 | 7.1% |
*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.
Data Point | Source | Value |
---|---|---|
Past Financials | Company Filings (4 months ago) | See Below |
Future Estimates | Average of up to 4 Analyst Estimates (S&P Global) | See Below |
Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
---|---|---|---|---|
2020-12-31 | 752 | 82 | 68 | 2 |
2019-12-31 | 709 | 70 | 58 | 4 |
2018-12-31 | 665 | 60 | 53 | 4 |
Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
---|---|---|---|
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 |
2015-12-31 | 469 | 50 | 30 |
*GAAP earnings excluding extraordinary items.
Data Point | Source | Value |
---|---|---|
Past Financials | Company Filings (4 months ago) | See Below |
Future Estimates | Average of up to 4 Analyst Estimates (S&P Global) | See Below |
All data from Inter Parfums Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
---|---|---|---|---|
2020-12-31 | 2.15 | 2.20 | 2.09 | 2.00 |
2019-12-31 | 1.82 | 1.85 | 1.81 | 4.00 |
2018-12-31 | 1.68 | 1.70 | 1.65 | 3.00 |
Date (Data in USD Millions) | EPS * |
---|---|
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 |
2015-12-31 | 0.98 |
*GAAP earnings excluding extraordinary items.
How has Inter Parfums performed over the past 5 years?
All data from Inter Parfums Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
---|---|---|---|---|
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 | |
2012-03-31 | 647.23 | 35.04 | 276.07 |
*GAAP earnings excluding extraordinary items.
How is Inter Parfums's financial health and their level of debt?
All data from Inter Parfums Company Filings, last reported 4 months ago.
Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
---|---|---|---|
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 |
2012-03-31 | 352.36 | 16.75 | 27.41 |
What is Inter Parfums's current dividend yield, its reliability and sustainability?
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 4 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 1998 Stocks | 2.5% |
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.
Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
---|---|---|
2020-12-31 | 1.40 | 1.00 |
2019-12-31 | 1.13 | 1.00 |
2018-12-31 | 0.91 | 1.00 |
Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
---|---|---|
2018-11-05 | 1.100 | 1.761 |
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 |
2009-03-11 | 0.132 | 2.126 |
2009-02-19 | 0.132 | 2.745 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
r. 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.
Average tenure and age of the Inter Parfums management team in years:
Average tenure and age of the Inter Parfums board of directors in years:
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 - – Full article(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 - – Full articleTo 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 - – Full articleInter 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 - – Full articleI’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 - – Full articleInter Parfums, Inc. … A question to answer is whether Inter Parfums's current trading price of $59.36 reflective of the actual value of the? … Let’s take a look at Inter Parfums’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change
Simply Wall St - – Full articleA sizeable part of portfolio returns can be produced by dividend stocks due to their contribution to compounding returns in the long run. … Historically, Inter Parfums Inc (NASDAQ:IPAR) has paid a dividend to shareholders. … Let's dig deeper into whether Inter Parfums should have a place in your portfolio.
Simply Wall St - – Full articleMeasuring Inter Parfums Inc's (NASDAQ:IPAR) track record of past performance is a valuable exercise for investors. … Today I will assess IPAR's recent performance announced on 30 September 2018 and compare these figures to its historical trend and industry movements. … IPAR's trailing twelve-month earnings (from 30 September 2018) of US$50m has.
Simply Wall St - – Full articleand want a simplistic look at the return on Inter Parfums Inc (NASDAQ:IPAR) stock. … You need to pay attention to this because your return on investment is linked to dividends and internal investments to improve the business, which can only occur if the company is expected to produce adequate earnings with the capital that has been provided. … Thus, to understand how your money can grow by investing in Inter Parfums, you need to look at what the company returns to owners for the use of their capital, which can be done in many ways but today we will use return on capital employed (ROCE)
Simply Wall St - – Full articleWhile investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Assessing first and foremost the financial health is. … Here are a few basic checks that are good enough to have a broad overview of the company’s financial strength.
Simply Wall St - – Full article
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, 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.
Name: | Inter Parfums, Inc. |
IPAR | |
Exchange: | NasdaqGS |
Founded: | 1985 |
$2,214,989,290 | |
31,333,842 | |
Website: | http://www.interparfumsinc.com |
Address: |
Inter Parfums, Inc. 551 Fifth Avenue, New York, New York, 10176, United States |
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 |
Personal Products | |
Household |
Area | Date (UTC time) |
---|---|
Company Analysis updated: | 2019/02/18 01:27 |
End of day share price update: | 2019/02/15 00:00 |
Last estimates confirmation: | 2019/02/04 |
Last earnings filing: | 2018/11/05 |
Last earnings reported: | 2018/09/30 |
Last annual earnings reported: | 2017/12/31 |
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.