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Kering SA
XETRA:PPX

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Kering SA
XETRA:PPX
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Price: 243.6 EUR 1.39%
Market Cap: €30.1B

P/OCF

9.4
Current
4%
Cheaper
vs 3-y average of 9.8

Price to Operating Cash Flow (P/OCF) ratio compares a company`s market value to the cash it generates from its core operations.

P/OCF
9.4
=
Market Cap
€29.9B
/
Operating Cash Flow
€3.2B

Price to Operating Cash Flow (P/OCF) ratio compares a company`s market value to the cash it generates from its core operations.

P/OCF
9.4
=
Market Cap
€29.9B
/
Operating Cash Flow
€3.2B

Valuation Scenarios

Kering SA is trading below its 3-year average

If P/OCF returns to its 3-Year Average (9.8), the stock would be worth €253.74 (4% upside from current price).

Statistics
Positive Scenarios
3/4
Maximum Downside
-29%
Maximum Upside
+64%
Average Upside
16%
Scenario P/OCF Value Implied Price Upside/Downside
Current Multiple 9.4 €243.6
0%
3-Year Average 9.8 €253.74
+4%
5-Year Average 11.8 €305.17
+25%
Industry Average 15.5 €399.37
+64%
Country Average 6.7 €173.87
-29%

Forward P/OCF
Today’s price vs future operating cash flow

Not enough data available to calculate forward P/OCF

Peer Comparison

All Multiples
P/OCF
P/E
All Countries
Close
Market Cap P/OCF P/E
FR
Kering SA
XETRA:PPX
29.9B EUR 9.4 414.2
FR
LVMH Moet Hennessy Louis Vuitton SE
PAR:MC
232B EUR 12.2 21.1
FR
Hermes International SCA
PAR:RMS
173.8B EUR 32.4 38.5
KR
SBW
KRX:102280
235.5T KRW 2 215 132.4 -117 637.1
CH
Compagnie Financiere Richemont SA
SIX:CFR
88.4B CHF 19.5 24
FR
EssilorLuxottica SA
PAR:EL
86.4B EUR 16.2 37.1
FR
Christian Dior SE
PAR:CDI
79.7B EUR 4.2 17.3
IN
Titan Company Ltd
NSE:TITAN
3.9T INR 254.3 82.5
CN
ANTA Sports Products Ltd
HKEX:2020
232.8B HKD 9.6 14.9
US
Tapestry Inc
NYSE:TPR
29.7B USD 16.9 56.8
DE
Adidas AG
XETRA:ADS
24.6B EUR 33 18.5
P/E Multiple
Earnings Growth PEG
FR
Kering SA
XETRA:PPX
Average P/E: 72.5
414.2
186%
2.2
FR
LVMH Moet Hennessy Louis Vuitton SE
PAR:MC
21.1
11%
1.9
FR
Hermes International SCA
PAR:RMS
38.5
12%
3.2
KR
SBW
KRX:102280
Negative Multiple: -117 637.1 N/A N/A
CH
Compagnie Financiere Richemont SA
SIX:CFR
24
16%
1.5
FR
EssilorLuxottica SA
PAR:EL
37.1
26%
1.4
FR
Christian Dior SE
PAR:CDI
17.3
N/A N/A
IN
Titan Company Ltd
NSE:TITAN
82.5
32%
2.6
CN
ANTA Sports Products Ltd
HKEX:2020
14.9
10%
1.5
US
Tapestry Inc
NYSE:TPR
56.8
107%
0.5
DE
Adidas AG
XETRA:ADS
18.5
23%
0.8

Market Distribution

In line with most companies in France
Percentile
60th
Based on 1 511 companies
60th percentile
9.5
Low
0 — 4.4
Typical Range
4.4 — 12
High
12 —
Distribution Statistics
France
Min 0
30th Percentile 4.4
Median 6.7
70th Percentile 12
Max 2 287.4

Kering SA
Glance View

Kering SA, a beacon of luxury in the global fashion industry, roots itself in a history of transformation and strategic reinvention. Founded by François Pinault in 1963 as a timber trading company, it has evolved magnificently over the decades into a major player in the luxury sector. This transformation was marked by a name change in 2013 from PPR to Kering, aligning with its focus on high-end fashion. Kering SA today boasts an impressive portfolio of iconic brands such as Gucci, Saint Laurent, and Bottega Veneta, which are at the heart of its luxury segment. Operating under a multi-brand model, Kering capitalizes on brand diversity while leveraging shared resources and infrastructures to maximize efficiency and foster innovation across its holdings. The company’s profitability hinges on its ability to balance heritage with modernity, nurturing traditional craftsmanship while embracing cutting-edge designs and sustainable practices. Each brand under the Kering umbrella enjoys considerable creative autonomy, empowering them to remain agile and responsive to the ever-changing whims of consumers in the luxury market. This autonomy is paired with strategic oversight from Kering Group, which ensures cohesive brand identity and operational efficiency. Through its focus on exclusive retail environments, partnerships, and a robust online presence, Kering drives revenues by delivering unique customer experiences and maintaining a cachet of exclusivity. By adeptly navigating the intersection of tradition and innovation, Kering SA cements its status as an influential powerhouse in the luxury market, successfully capturing the hearts and wallets of high-end fashion enthusiasts around the globe.

PPX Intrinsic Value
257.43 EUR
Undervaluation 5%
Intrinsic Value
Price €243.6
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