Inter Parfums
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
1 Year Returns
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.
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.
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 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.
| 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.
| 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 | ||
| 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 |
| 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 |
| 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.
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?
| 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.
| 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?
| 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 .
| 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?
| 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 |
| 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.
Value checks
We assess Inter Parfums's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Personal Products industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Personal Products industry average (and greater than 0)? (1 check) 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
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!
Earnings growth vs Low Risk Savings
- 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
| 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
| 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 |
| 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 |
| 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.
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.
| 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 |
| 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.
Future performance checks
We assess Inter Parfums's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
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
Past Earnings growth analysis
- 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
All data from Inter Parfums Company Filings, last reported 3 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 |
|---|---|---|---|---|
| 2018-12-31 | 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).
Past performance checks
We assess Inter Parfums's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Personal Products industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
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.
- 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
Assets
Liabilities and shares
- 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.
All data from Inter Parfums Company Filings, last reported 3 months ago.
| 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.
Financial health checks
We assess Inter Parfums's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Inter Parfums has a total score of 5/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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
If you bought
$2,000 of
Inter Parfums
shares you are expected to receive
$30
in your first year as a dividend.
Dividend Amount
- 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.
| 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.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2020-12-31 | 1.35 | 1.00 |
| 2019-12-31 | 1.13 | 1.00 |
| 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).
- Dividends after 3 years are expected to be covered by earnings (1.6x coverage).
Income/ dividend checks
We assess Inter Parfums's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- 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) 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
CEO
| 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:
- 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
Chairman
$995K
57
22.3 yrs
Philippe Bénacin
Vice Chairman
$1M
59
25.3 yrs
Russell Greenberg
Executive VP
$1M
61
26.8 yrs
Frédéric Garcia-Pelayo
Executive VP & COO of Interparfums SA
$1M
58
Michelle Habert
Controller & Secretary
Board of Directors Tenure
Average tenure and age of the Inter Parfums board of directors in years:
- 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
Chairman
$995K
57
33.9 yrs
Philippe Bénacin
Vice Chairman
$1M
59
27.6 yrs
Russell Greenberg
Executive VP
$1M
61
24.2 yrs
Robert Bensoussan-Torres
Independent Director
$55K
60
22.1 yrs
Francois Heilbronn
Independent Director
$59K
57
31.3 yrs
Philippe Santi
Director
$1M
56
19.3 yrs
Patrick Choël
Independent Director
$75K
74
12.8 yrs
Michel Dyens
Independent Director
$26K
78
Veronique Gabai-Pinsky
Independent Director
$21K
52
1.6 yrs
Gilbert Harrison
Director
$34K
77
1 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | 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 | ||
Management checks
We assess Inter Parfums's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) 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 - – Full articleAre 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 - – Full articleTop 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 - – Full articleThe 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 - – Full articleInter 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 - – Full articleIs 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 - – Full articleDoes 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 - – Full articleDespite 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 - – Full articleBased 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 - – Full articleShould 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 - – Full articleCompany 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
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.
