NYSE:TIF

Stock Analysis Report

Executive Summary

Tiffany & Co., through its subsidiaries, designs, manufactures, and retails jewelry and other items in the Americas, the Asia-Pacific, Japan, Europe, and internationally.

Rewards

Earnings are forecast to grow 8.03% per year

Earnings grew by 22.7% over the past year

Pays a high and reliable dividend of 1.73%

Risk Analysis

No risks detected for TIF from our risk checks.


Snowflake Analysis

Flawless balance sheet with solid track record and pays a dividend.


Similar Companies

Share Price & News

How has Tiffany's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: TIF has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-0.08%

TIF

0.7%

US Specialty Retail

0.5%

US Market


1 Year Return

46.7%

TIF

18.0%

US Specialty Retail

20.3%

US Market

Return vs Industry: TIF exceeded the US Specialty Retail industry which returned 18% over the past year.

Return vs Market: TIF exceeded the US Market which returned 20.3% over the past year.


Shareholder returns

TIFIndustryMarket
7 Day-0.08%0.7%0.5%
30 Day-0.03%1.3%2.0%
90 Day7.0%5.6%9.4%
1 Year50.1%46.7%19.8%18.0%22.8%20.3%
3 Year58.6%48.8%46.7%39.7%50.1%40.4%
5 Year68.6%51.4%50.8%38.5%73.1%54.1%

Price Volatility Vs. Market

How volatile is Tiffany's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

29.88x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: TIF ($134.25) is trading above our estimate of fair value ($56.31)

Significantly Below Fair Value: TIF is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: TIF is poor value based on its PE Ratio (29.9x) compared to the Specialty Retail industry average (16.7x).

PE vs Market: TIF is poor value based on its PE Ratio (29.9x) compared to the US market (18.3x).


Price to Earnings Growth Ratio

PEG Ratio: TIF is poor value based on its PEG Ratio (3.7x)


Price to Book Ratio

PB vs Industry: TIF is overvalued based on its PB Ratio (5.1x) compared to the US Specialty Retail industry average (1.5x).


Next Steps

Future Growth

How is Tiffany forecast to perform in the next 1 to 3 years based on estimates from 18 analysts?

8.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TIF's forecast earnings growth (8% per year) is above the savings rate (1.7%).

Earnings vs Market: TIF's earnings (8% per year) are forecast to grow slower than the US market (14.2% per year).

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

Revenue vs Market: TIF's revenue (4.9% per year) is forecast to grow slower than the US market (7.6% per year).

High Growth Revenue: TIF's revenue (4.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: TIF's Return on Equity is forecast to be high in 3 years time (22.9%)


Next Steps

Past Performance

How has Tiffany performed over the past 5 years?

6.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TIF has high quality earnings.

Growing Profit Margin: TIF's current net profit margins (12.4%) are higher than last year (10%).


Past Earnings Growth Analysis

Earnings Trend: TIF's earnings have grown by 6.2% per year over the past 5 years.

Accelerating Growth: TIF's earnings growth over the past year (22.7%) exceeds its 5-year average (6.2% per year).

Earnings vs Industry: TIF earnings growth over the past year (22.7%) exceeded the Specialty Retail industry 6.4%.


Return on Equity

High ROE: TIF's Return on Equity (17.3%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Tiffany's financial position?


Financial Position Analysis

Short Term Liabilities: TIF's short term assets ($3.6B) exceed its short term liabilities ($877.2M).

Long Term Liabilities: TIF's short term assets ($3.6B) exceed its long term liabilities ($2.2B).


Debt to Equity History and Analysis

Debt Level: TIF's debt to equity ratio (31%) is considered satisfactory.

Reducing Debt: TIF's debt to equity ratio has reduced from 37.4% to 31% over the past 5 years.

Debt Coverage: TIF's debt is well covered by operating cash flow (65.6%).

Interest Coverage: TIF's interest payments on its debt are well covered by EBIT (16.4x coverage).


Balance Sheet

Inventory Level: TIF has a high level of physical assets or inventory.

Debt Coverage by Assets: TIF's debt is covered by short term assets (assets are 3.7x debt).


Next Steps

Dividend

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

1.73%

Current Dividend Yield


Dividend Yield vs Market

company1.7%marketbottom25%1.4%markettop25%3.7%industryaverage1.8%forecastin3Years1.8%

Current dividend yield vs market & industry

Notable Dividend: TIF's dividend (1.73%) is higher than the bottom 25% of dividend payers in the US market (1.44%).

High Dividend: TIF's dividend (1.73%) is low compared to the top 25% of dividend payers in the US market (3.73%).


Stability and Growth of Payments

Stable Dividend: TIF's dividends per share have been stable in the past 10 years.

Growing Dividend: TIF's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (50.3%), TIF's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: TIF's dividends in 3 years are forecast to be well covered by earnings (42.8% payout ratio).


Next Steps

Management

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

3.3yrs

Average management tenure


CEO

Alessandro Bogliolo (54yo)

2.3yrs

Tenure

US$10,940,139

Compensation

Mr. Alessandro Bogliolo has been the Chief Executive Officer and Director at Tiffany & Co. since October 2, 2017. Mr. Bogliolo served as the Global Chief Executive of Diesel S.p.A. since October 1, 2013. M ...


CEO Compensation Analysis

Compensation vs Market: Alessandro's total compensation ($USD10.94M) is about average for companies of similar size in the US market ($USD10.78M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Alessandro Bogliolo
CEO & Director2.3yrsUS$10.94m0.033% $5.3m
Mark Erceg
Executive VP & CFO3.3yrsUS$4.15m0.049% $8.0m
Philippe Galtie
Executive Vice President of Global Sales2yrsUS$3.36m0.026% $4.2m
Pamela Cloud
Executive Officer13.1yrsUS$2.21m0.031% $5.0m
Andrew Hart
Senior Vice President of Diamond & Jewelry Supply7.8yrsUS$2.08m0.023% $3.7m
Leigh Harlan
Senior VP5.8yrsUS$2.88m0.026% $4.2m
Nathan Strauss
Director of Corporate Communications0yrsno datano data
Andrea Davey
Senior Vice President of Global Marketing2yrsno data0.0058% $944.8k
Gretchen Koback-Pursel
Senior VP & Chief Human Resources Officer2.7yrsno data0.0066% $1.1m
Anisa Costa
Chief Sustainability Officer4.8yrsno datano data

3.3yrs

Average Tenure

50yo

Average Age

Experienced Management: TIF's management team is considered experienced (3.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Alessandro Bogliolo
CEO & Director2.3yrsUS$10.94m0.033% $5.3m
Robert Singer
Independent Director7.8yrsUS$274.84k0.0067% $1.1m
Abby Kohnstamm
Independent Director18.6yrsUS$249.84k0.017% $2.8m
James Lillie
Independent Director3.1yrsUS$249.84k0.019% $3.1m
Roger Farah
Independent Chairman of the Board2.3yrsUS$628.52k0.017% $2.7m
Rose Bravo
Independent Director22.3yrsUS$269.84k0.0033% $536.6k
William Shutzer
Director35.3yrsUS$264.84k0.17% $28.1m
Jane Hudis
Director0.7yrsno datano data
Annie Young-Scrivner
Independent Director1.8yrsUS$229.84k0.000010% $1.6k
Hafize Erkan
Director0.7yrsno datano data

2.7yrs

Average Tenure

62.5yo

Average Age

Experienced Board: TIF's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Tiffany & Co.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Tiffany & Co.
  • Ticker: TIF
  • Exchange: NYSE
  • Founded: 1837
  • Industry: Specialty Stores
  • Sector: Retail
  • Market Cap: US$16.262b
  • Shares outstanding: 121.13m
  • Website: https://www.tiffany.com

Number of Employees


Location

  • Tiffany & Co.
  • 727 Fifth Avenue
  • New York
  • New York
  • 10022
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TIFNYSE (New York Stock Exchange)YesCommon StockUSUSDMay 1987
TIFDB (Deutsche Boerse AG)YesCommon StockDEEURMay 1987
TIF *BMV (Bolsa Mexicana de Valores)YesCommon StockMXMXNMay 1987
0LFDLSE (London Stock Exchange)YesCommon StockGBUSDMay 1987
US_TIF_KAS (Kazakhstan Stock Exchange)YesCommon StockKZKZTMay 1987
TIFF34BOVESPA (Bolsa de Valores de Sao Paulo)EACH BDR REPR 1 COM STK USD0.01BRBRLDec 2014

Biography

Tiffany & Co., through its subsidiaries, designs, manufactures, and retails jewelry and other items in the Americas, the Asia-Pacific, Japan, Europe, and internationally. The company offers jewelry collections, engagement rings, and wedding bands. It also sells watches, home and accessories products, eyewear, and fragrances; and wholesales diamonds and earnings. The company sells its products through retail, Internet and catalog, business-to-business, and wholesale distribution channels. As of January 31, 2019, it operated 124 stores in the Americas, 90 stores in the Asia-Pacific, 55 stores in Japan, 47 stores in Europe, and 5 stores in the United Arab Emirates. Tiffany & Co. was founded in 1837 and is headquartered in New York, New York. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/20 00:25
End of Day Share Price2020/02/19 00:00
Earnings2019/10/31
Annual Earnings2019/01/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.