Added to YB: 2024-09-09
Pitch date: 2024-09-08
KER.PA [bullish]
Kering SA
+31.29%
current return
Author Info
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Company Info
Kering SA manages the development of a collection of renowned houses in fashion, leather goods, and jewelry in the Asia Pacific, Western Europe, North America, Japan, and internationally.
Market Cap
EUR 40.7B
Pitch Price
EUR 225.61
Price Target
N/A
Dividend
1.81%
EV/EBITDA
14.09
P/E
55.82
EV/Sales
3.63
Sector
Textiles, Apparel and Luxury Goods
Category
value
Kering: A Compounder with Strong Fundamentals at a Discount
KER.PA: Luxury conglomerate (Gucci, YSL, Bottega Veneta) at 11.2x normalized, 8.4x peak, 14.7x trough earnings. 5.9% div yield, 7-year low. Compounder, cash generative. Gucci (60% sales) seen as challenged, but may be misunderstood. Good margin of safety at -20% from initial buy.
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