Added to YB: 2024-04-29
Pitch date: 2024-04-27
KER.PA [bearish]
Kering SA
+7.47%
current return
Author Info
Kroker Equity Research is a value investor that uses Discounted Cash Flow (DCF) Model or the Excess Returns Model to value stocks. Sign up for their newsletter.
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 320.13
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
turnaround
Kering - Bag of disappointments
KER.PA: Kering Q1 sales -11%, Gucci -21% as APAC slumps. Weak vs LVMH +3%, Hermes +17%. Gucci losing share as mgmt fails turnaround. Stock -34% in 5yr vs LVMH +125%, Hermes +285%. Valuation low but struggles justify. Holding as turnaround bet, not undervalued play.
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