Kering SA (PAR:KER)

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Price: 234.2 EUR -0.23%

Market Cap: 28.9B EUR

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Section:

Relative Value

The Relative Value of one KER stock under the Base Case scenario is 375.03 EUR. Compared to the current market price of 234.2 EUR, Kering SA is Undervalued by 38%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

What is Relative Valuation?

How is Relative Value calculated?

KER Relative Value

Base Case

Worst Case

Base Case

Best Case

Valuation Multiples

1.6

P/S

vs History	95
vs Industry	24

Median 5Y

3.5

Industry

Forward

1.7

More Details

13.8

P/E

vs History	90
vs Industry	43

Median 5Y

19.8

Industry

18.7

Forward

19.6

More Details

6.7

P/OCF

vs History	95
vs Industry	38

Median 5Y

15.6

Industry

10.1

More Details

P/FCFE

vs History	95
vs Industry	41

Median 5Y

27.6

Industry

17.3

More Details

1.9

P/B

vs History	95
vs Industry	21

Median 5Y

Industry

1.4

More Details

2.2

EV/S

vs History	95
vs Industry	20

Median 5Y

3.7

Industry

1.2

Forward

2.4

More Details

EV/GP

vs History	95
vs Industry	47

Median 5Y

Industry

4.1

More Details

7.5

EV/EBITDA

vs History	93
vs Industry	45

Median 5Y

10.2

Industry

Forward

9.6

More Details

11.6

EV/EBIT

vs History	79
vs Industry	41

Median 5Y

13.3

Industry

14.3

Forward

16.1

More Details

9.6

EV/OCF

vs History	95
vs Industry	34

Median 5Y

16.8

Industry

More Details

18.8

EV/FCFF

vs History	84
vs Industry	17

Median 5Y

24.3

Industry

13.4

More Details

1.1

EV/IC

vs History	95
vs Industry	30

Median 5Y

2.7

Industry

1.1

More Details

Multiples Across Competitors

All Multiples

P/S

P/E

EV/EBITDA

EV/EBIT

Forward Multiples

		Market Cap	P/S	P/E	EV/EBITDA	EV/EBIT
FR	Kering SA PAR:KER	28.7B EUR	1.6	13.8	7.5	11.6
FR	LVMH Moet Hennessy Louis Vuitton SE PAR:MC	313.8B EUR	3.7	22.5	11.6	15.5
FR	Hermes International SCA PAR:RMS	241.3B EUR	17	54.2	34.9	39.9
FR	Christian Dior SE PAR:CDI	107B EUR	1.3	18.4	4.5	6
FR	EssilorLuxottica SA PAR:EL	105.3B EUR	4.1	45.9	17.6	33.7
CH	Compagnie Financiere Richemont SA SIX:CFR	78.9B CHF	4.1	64.6	18.9	18.9
CA	Lululemon Athletica Inc NASDAQ:LULU	48.3B USD	4.7	27.8	16.9	19.8
DE	Adidas AG XETRA:ADS	42.2B EUR	1.9	99.5	21.4	49.3
IN	Titan Company Ltd NSE:TITAN	3T INR	5.5	92.1	58.4	66.6
CN	ANTA Sports Products Ltd HKEX:2020	227.7B HKD	3.2	16.2	11.9	11.9
IT	Prada SpA HKEX:1913	158.8B HKD	3.9	26.1	11.3	18.2

			Revenue Growth	P/S to Growth
FR	Kering SA PAR:KER	Average P/S: 4.6 1.6	-4%	N/A
FR	LVMH Moet Hennessy Louis Vuitton SE PAR:MC	3.7	12%	0.3
FR	Hermes International SCA PAR:RMS	17	38%	0.5
FR	Christian Dior SE PAR:CDI	1.3	N/A	N/A
FR	EssilorLuxottica SA PAR:EL	4.1	21%	0.2
CH	Compagnie Financiere Richemont SA SIX:CFR	4.1	14%	0.3
CA	Lululemon Athletica Inc NASDAQ:LULU	4.7	29%	0.2
DE	Adidas AG XETRA:ADS	1.9	30%	0.1
IN	Titan Company Ltd NSE:TITAN	5.5	60%	0.1
CN	ANTA Sports Products Ltd HKEX:2020	3.2	41%	0.1
IT	Prada SpA HKEX:1913	3.9	36%	0.1

			Earnings Growth	P/E to Growth
FR	Kering SA PAR:KER	Average P/E: 43.7 13.8	-31%	N/A
FR	LVMH Moet Hennessy Louis Vuitton SE PAR:MC	22.5	9%	2.5
FR	Hermes International SCA PAR:RMS	54.2	33%	1.6
FR	Christian Dior SE PAR:CDI	18.4	N/A	N/A
FR	EssilorLuxottica SA PAR:EL	45.9	76%	0.6
CH	Compagnie Financiere Richemont SA SIX:CFR	64.6	75%	0.9
CA	Lululemon Athletica Inc NASDAQ:LULU	27.8	33%	0.8
DE	Adidas AG XETRA:ADS	99.5	N/A	N/A
IN	Titan Company Ltd NSE:TITAN	92.1	77%	1.2
CN	ANTA Sports Products Ltd HKEX:2020	16.2	59%	0.3
IT	Prada SpA HKEX:1913	26.1	54%	0.5

			EBITDA Growth	EV/EBITDA to Growth
FR	Kering SA PAR:KER	Average EV/EBITDA: 19.5 7.5	-20%	N/A
FR	LVMH Moet Hennessy Louis Vuitton SE PAR:MC	11.6	2%	5.7
FR	Hermes International SCA PAR:RMS	34.9	32%	1.1
FR	Christian Dior SE PAR:CDI	4.5	N/A	N/A
FR	EssilorLuxottica SA PAR:EL	17.6	36%	0.5
CH	Compagnie Financiere Richemont SA SIX:CFR	18.9	12%	1.6
CA	Lululemon Athletica Inc NASDAQ:LULU	16.9	29%	0.6
DE	Adidas AG XETRA:ADS	21.4	175%	0.1
IN	Titan Company Ltd NSE:TITAN	58.4	72%	0.8
CN	ANTA Sports Products Ltd HKEX:2020	11.9	24%	0.5
IT	Prada SpA HKEX:1913	11.3	36%	0.3

			EBIT Growth	EV/EBIT to Growth
FR	Kering SA PAR:KER	Average EV/EBIT: 26.5 11.6	-28%	N/A
FR	LVMH Moet Hennessy Louis Vuitton SE PAR:MC	15.5	11%	1.4
FR	Hermes International SCA PAR:RMS	39.9	34%	1.2
FR	Christian Dior SE PAR:CDI	6	N/A	N/A
FR	EssilorLuxottica SA PAR:EL	33.7	76%	0.4
CH	Compagnie Financiere Richemont SA SIX:CFR	18.9	14%	1.4
CA	Lululemon Athletica Inc NASDAQ:LULU	19.8	27%	0.7
DE	Adidas AG XETRA:ADS	49.3	959%	0.1
IN	Titan Company Ltd NSE:TITAN	66.6	80%	0.8
CN	ANTA Sports Products Ltd HKEX:2020	11.9	41%	0.3
IT	Prada SpA HKEX:1913	18.2	50%	0.4

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Kering SA
PAR:KER

Relative Value

Valuation Multiples

Multiples Across Competitors

KER Competitors Multiples
Kering SA Competitors

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Company

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52 Week Range	208.45 434.5
Price Target

Kering SA PAR:KER

Relative Value

Valuation Multiples

Multiples Across Competitors

KER Competitors Multiples Kering SA Competitors

See Also

Company

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Kering SA
PAR:KER

KER Competitors Multiples
Kering SA Competitors