Company Valuation: Kering

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 87,474 58,122 48,537 29,206 36,903 28,037 - -
Change - -33.56% -16.49% -39.83% 26.35% -24.03% - -
Enterprise Value (EV) 1 92,144 60,428 57,041 39,706 44,942 36,823 36,254 35,560
Change - -34.42% -5.61% -30.39% 13.19% -18.06% -1.55% -1.91%
P/E 27.7x 16.2x 16.4x 25.8x 510x 44.6x 25.1x 18.2x
PBR 6.57x 4.15x 3.22x 1.96x 2.51x 1.87x 1.77x 1.66x
PEG - 1.1x -1x -0.4x -5.4x 0x 0.3x 0.5x
Capitalization / Revenue 4.96x 2.86x 2.48x 1.7x 2.51x 1.91x 1.79x 1.67x
EV / Revenue 5.22x 2.97x 2.92x 2.31x 3.06x 2.51x 2.32x 2.12x
EV / EBITDA 14.2x 8.33x 8.68x 8.51x 12.2x 9.57x 8.55x 7.41x
EV / EBIT 18.4x 10.8x 12x 15.5x 27.6x 19.5x 15.4x 12.4x
EV / FCF 23.4x 18.8x 28.8x 28.4x 19.5x 19.2x 21.9x 18.4x
FCF Yield 4.28% 5.31% 3.48% 3.53% 5.12% 5.21% 4.57% 5.45%
Dividend per Share 2 12 14 14 6 3 3.378 4.943 6.57
Rate of return 1.7% 2.94% 3.51% 2.52% 1% 1.48% 2.16% 2.87%
EPS 2 25.49 29.31 24.37 9.24 0.59 5.126 9.098 12.54
Distribution rate 47.1% 47.8% 57.4% 64.9% 508% 65.9% 54.3% 52.4%
Net sales 1 17,645 20,351 19,566 17,194 14,675 14,696 15,636 16,741
EBITDA 1 6,470 7,255 6,569 4,667 3,675 3,848 4,238 4,802
EBIT 1 5,017 5,589 4,746 2,554 1,631 1,888 2,359 2,878
Net income 1 3,176 3,614 2,983 1,133 72 650.1 1,129 1,524
Net Debt 1 4,670 2,306 8,504 10,500 8,039 8,787 8,218 7,524
Reference price 2 706.90 475.50 399.00 238.25 301.00 228.65 228.65 228.65
Nbr of stocks (in thousands) 123,744 122,233 121,646 122,587 122,601 122,618 - -
Announcement Date 2/17/22 2/15/23 2/8/24 2/11/25 2/10/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
44.61x2.51x9.57x1.48% 32.16B
23.92x3.63x12.93x3.73% 185B
40.54x4.98x20.62x0.92% 132B
26.81x2.73x17.55x0.77% 73.87B
20.65x1.41x7.98x4.51% 26.39B
14.29x2.79x10.73x1.65% 22.55B
17.76x2.49x11.18x2.1% 22.16B
21.93x1.3x11.1x-.--% 15.82B
15.42x1.96x8.22x4.56% 11.86B
6.41x0.4x3.73x3.25% 7.46B
Average 23.23x 2.42x 11.36x 2.3% 52.91B
Weighted average by Cap. 28.39x 3.43x 14.58x 2.26%

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

-40%: Exceptional extension
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