Added to YB: 2024-11-28
Pitch date: 2024-11-27
KER.PA [neutral]
Kering SA
+37.59%
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 215.28
Price Target
220.00 (-26%)
Dividend
1.81%
EV/EBITDA
14.09
P/E
55.82
EV/Sales
3.63
Sector
Textiles, Apparel and Luxury Goods
Category
value
Deep dive into Kering ($KER)
KER.PA (deep dive): Luxury conglomerate (Gucci 47% rev) down 70% from 2021 peak. 75% gross margin, 20% op margin. Poor capital allocation: buybacks at peak, debt doubled. 6% div yield. High employee turnover. Risks: scandals, EU antitrust probe. DCF fair value €220/share. Bull case: brand revival, beauty expansion. Bear case: brand mismanagement, integration failures.
Read full article (6 min)