Company Valuation: Kering

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 74,262 87,474 58,122 48,537 29,206 34,334 34,334 -
Change - 17.79% -33.56% -16.49% -39.83% 17.56% 0% -
Enterprise Value (EV) 1 80,337 92,144 60,428 57,041 39,706 44,942 43,749 43,296
Change - 14.7% -34.42% -5.61% -30.39% 13.19% -1.69% -1.04%
P/E ratio 34.6x 27.7x 16.2x 16.4x 25.8x 510x 47.3x 29.9x
PBR 6.28x 6.57x 4.15x 3.22x 1.96x 2.51x 2.27x 2.16x
PEG - 0.6x 1.1x -1x -0.4x -5.4x 4x 0.5x
Capitalization / Revenue 5.67x 4.96x 2.86x 2.48x 1.7x 2.51x 2.31x 2.17x
EV / Revenue 6.13x 5.22x 2.97x 2.92x 2.31x 3.06x 2.94x 2.74x
EV / EBITDA 17.6x 14.2x 8.33x 8.68x 8.51x 12.2x 11.4x 9.95x
EV / EBIT 25.6x 18.4x 10.8x 12x 15.5x 27.6x 23.1x 18.2x
EV / FCF 38.2x 23.4x 18.8x 28.8x 28.4x 19.5x 20.2x 22.3x
FCF Yield 2.62% 4.28% 5.31% 3.48% 3.53% 5.12% 4.95% 4.49%
Dividend per Share 2 8 12 14 14 6 3 3.7 5.192
Rate of return 1.35% 1.7% 2.94% 3.51% 2.52% 1% 1.32% 1.85%
EPS 2 17.2 25.49 29.31 24.37 9.24 0.59 5.924 9.35
Distribution rate 46.5% 47.1% 47.8% 57.4% 64.9% 508% 62.5% 55.5%
Net sales 1 13,100 17,645 20,351 19,566 17,194 14,675 14,856 15,797
EBITDA 1 4,574 6,470 7,255 6,569 4,667 3,675 3,845 4,352
EBIT 1 3,135 5,017 5,589 4,746 2,554 1,631 1,897 2,379
Net income 1 2,150 3,176 3,614 2,983 1,133 72 769.4 1,176
Net Debt 1 6,074 4,670 2,306 8,504 10,500 8,039 9,415 8,962
Reference price 2 594.40 706.90 475.50 399.00 238.25 280.00 280.00 280.00
Nbr of stocks (in thousands) 1,24,937 1,23,744 1,22,233 1,21,646 1,22,587 1,22,620 1,22,620 -
Announcement Date 17/02/21 17/02/22 15/02/23 08/02/24 11/02/25 10/02/26 - -
1EUR in Million2EUR
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
52.9x3.03x12.19x1.2% 4.05TCr
24.23x3.6x12.77x3.65% 20TCr
47.37x5.63x23.78x0.76% 14TCr
30.43x2.81x19.18x0.81% 7.19TCr
23.64x4.09x16.93x1.05% 3.05TCr
21.1x1.49x8.17x4.24% 3.03TCr
29.49x1.72x14.7x-.--% 2.11TCr
18.39x2.51x11.24x4.43% 2.1TCr
17.04x1.85x8.32x3.63% 1.23TCr
10.31x0.5x4.63x2.73% 910.06Cr
Average 27.49x 2.72x 13.19x 2.25% 5.76TCr
Weighted average by Cap. 32.22x 3.69x 16.05x 2.17%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield