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Puma SE
XHAM:PUM

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Puma SE
XHAM:PUM
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Price: 25.02 EUR 0.36% Market Closed
Market Cap: €9.4B

EV/FCFF

-9.3
Current
162%
Cheaper
vs 3-y average of 14.9

Enterprise Value to Free Cash Flow to Firm (EV/FCFF) ratio compares a company`s total enterprise value to the free cash flow available to all investors, both debt and equity holders. It shows how much investors are paying for each dollar of cash flow the business generates before interest payments.

EV/FCFF
-9.3
=
Enterprise Value
€4.3B
/
Free Cash Flow to Firm
€-525.6m

Enterprise Value to Free Cash Flow to Firm (EV/FCFF) ratio compares a company`s total enterprise value to the free cash flow available to all investors, both debt and equity holders. It shows how much investors are paying for each dollar of cash flow the business generates before interest payments.

EV/FCFF
-9.3
=
Enterprise Value
€4.3B
/
Free Cash Flow to Firm
€-525.6m

Valuation Scenarios

Puma SE is trading above its 3-year average

If EV/FCFF returns to its 3-Year Average (14.9), the stock would be worth €-40.22 (261% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-981%
Maximum Upside
No Upside Scenarios
Average Downside
485%
Scenario EV/FCFF Value Implied Price Upside/Downside
Current Multiple -9.3 €25.02
0%
3-Year Average 14.9 €-40.22
-261%
5-Year Average 28.5 €-76.74
-407%
Industry Average 81.9 €-220.44
-981%
Country Average 17.7 €-47.64
-290%

Forward EV/FCFF
Today’s price vs future free cash flow to firm

Not enough data available to calculate forward EV/FCFF

Peer Comparison

All Multiples
EV/FCFF
P/E
All Countries
Close
Market Cap EV/FCFF P/E
DE
Puma SE
XHAM:PUM
3.8B EUR -9.3 -5.9
US
Nike Inc
NYSE:NKE
65.7B USD 61.7 29.2
JP
Asics Corp
TSE:7936
3.1T JPY 38.8 31.8
US
Deckers Outdoor Corp
NYSE:DECK
14.5B USD 13.4 14
CH
On Holding AG
NYSE:ONON
11.8B USD 30.6 45.4
US
Skechers USA Inc
NYSE:SKX
9.5B USD 131 14.3
UK
Birkenstock Holding PLC
NYSE:BIRK
7.1B USD 26.9 16
CN
Huali Industrial Group Co Ltd
SZSE:300979
44.5B CNY 38.5 13.9
US
Crocs Inc
NASDAQ:CROX
5.1B USD 9.2 -63.1
HK
Yue Yuen Industrial (Holdings) Ltd
HKEX:551
23.7B HKD 12.6 7.9
US
Steven Madden Ltd
NASDAQ:SHOO
2.7B USD 23.9 61.1
P/E Multiple
Earnings Growth PEG
DE
Puma SE
XHAM:PUM
Average P/E: 26
Negative Multiple: -5.9
N/A N/A
US
Nike Inc
NYSE:NKE
29.2
3%
9.7
JP
Asics Corp
TSE:7936
31.8
17%
1.9
US
Deckers Outdoor Corp
NYSE:DECK
14
7%
2
CH
On Holding AG
NYSE:ONON
45.4
49%
0.9
US
Skechers USA Inc
NYSE:SKX
14.3
1%
14.3
UK
Birkenstock Holding PLC
NYSE:BIRK
16
16%
1
CN
Huali Industrial Group Co Ltd
SZSE:300979
13.9
N/A N/A
US
Crocs Inc
NASDAQ:CROX
Negative Multiple: -63.1 N/A N/A
HK
Yue Yuen Industrial (Holdings) Ltd
HKEX:551
7.9
3%
2.6
US
Steven Madden Ltd
NASDAQ:SHOO
61.1
81%
0.8

Market Distribution

Lower than 100% of companies in Germany
Percentile
0th
Based on 1 970 companies
0th percentile
-19.9
Low
0.1 — 11.9
Typical Range
11.9 — 29.2
High
29.2 —
Distribution Statistics
Germany
Min 0.1
30th Percentile 11.9
Median 17.7
70th Percentile 29.2
Max 2 317.8

Puma SE
Glance View

Puma SE, a formidable presence in the global athletic and lifestyle market, traces its roots back to Herzogenaurach, Germany, in the post-war era of 1948. Born from a sibling rivalry within a family shoemaking business, Puma rapidly evolved into a brand synonymous with athletic innovation and style. The company strategically navigates the competitive sportswear landscape by blending high-performance technology with fashion-forward designs, effectively capitalizing on both the utility sought by athletes and the stylistic aspirations of trendsetters. Puma’s product line, which encompasses sports footwear, apparel, and accessories, serves as the backbone of its business model. Through strategic partnerships, sponsorships, and a focus on emerging markets, Puma broadens its reach and strengthens its brand equity. Driving its revenue engine is the company’s adeptness at leveraging diverse market dissemination strategies, from penetrating elite sports events to collaborations with iconic figures in music and fashion. Puma’s ability to maintain this equilibrium of tradition and innovation is evident in its product evolution—meeting the demands of its audience while integrating sustainability practices. Manufacturing is handled globally, balancing cost-effectiveness with quality assurances. This worldwide production network, coupled with an expansive distribution system through retail stores and e-commerce platforms, ensures Puma remains agile and responsive to market demands. In essence, Puma SE's narrative is not just one of athletic success, but of a brand that successfully marries heritage with modernity to generate substantial profitability.

PUM Intrinsic Value
34.54 EUR
Undervaluation 28%
Intrinsic Value
Price €25.02
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