(KER) Kering - Ratings and Ratios
Fashion, Leather, Jewelry, Eyewear, Beauty
Description: KER Kering
Kering SA (ticker KER) is a French luxury-goods conglomerate that develops and markets a portfolio of high-profile houses across fashion, leather goods, jewelry, eyewear, and beauty. Its core brands include Gucci, Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen, Brioni, Boucheron, Pomellato, DoDo, Qeelin, and Ginori 1735, together with Kering Eyewear and Kering Beauté. The group sells ready-to-wear, accessories, shoes, watches, jewelry, fragrances and cosmetics to men and women worldwide, with a geographic footprint spanning Asia-Pacific, Western Europe, North America, Japan and other international markets.
In FY 2023 Kering reported revenue of €20.2 billion, up 13 % year-over-year, driven primarily by a 20 % rebound in Gucci sales and double-digit growth in the Saint Laurent and Bottega Veneta lines. Adjusted operating margin expanded to 23.5 %, reflecting improved cost efficiency and a higher proportion of sales from higher-margin accessories. E-commerce now accounts for roughly 30 % of total sales, up from 24 % in FY 2022, underscoring the accelerating shift to digital channels in the luxury sector.
The luxury market’s performance is closely tied to discretionary consumer spending, which is sensitive to macro-economic variables such as global GDP growth, consumer confidence, and currency fluctuations (particularly the euro versus the US dollar and Chinese yuan). Asia-Pacific, especially China and South Korea, remains a key growth engine, with luxury demand expected to grow at a compound annual rate of 6-8 % through 2027. ESG considerations are also becoming material; Kering’s 2025 carbon-neutral target and transparent supply-chain initiatives are increasingly factored into investor valuations.
For a deeper, data-driven look at Kering’s valuation dynamics and scenario analysis, you might find the free tools on ValueRay useful for extending your research.
KER Stock Overview
| Market Cap in USD | 44,192m |
| Sub-Industry | Apparel, Accessories & Luxury Goods |
| IPO / Inception |
KER Stock Ratings
| Growth Rating | -30.4% |
| Fundamental | 65.4% |
| Dividend Rating | 52.7% |
| Return 12m vs S&P 500 | 20.2% |
| Analyst Rating | - |
KER Dividends
| Dividend Yield 12m | 1.94% |
| Yield on Cost 5y | 1.17% |
| Annual Growth 5y | 15.02% |
| Payout Consistency | 98.1% |
| Payout Ratio | 82.6% |
KER Growth Ratios
| Growth Correlation 3m | 95.3% |
| Growth Correlation 12m | 1.7% |
| Growth Correlation 5y | -87.7% |
| CAGR 5y | -14.49% |
| CAGR/Max DD 3y (Calmar Ratio) | -0.20 |
| CAGR/Mean DD 3y (Pain Ratio) | -0.38 |
| Sharpe Ratio 12m | -0.10 |
| Alpha | 18.09 |
| Beta | 1.178 |
| Volatility | 39.22% |
| Current Volume | 322.4k |
| Average Volume 20d | 322.4k |
| Stop Loss | 294.6 (-4.8%) |
| Signal | 1.13 |
Piotroski VR‑10 (Strict, 0-10) 5.5
| Net Income (2.81b TTM) > 0 and > 6% of Revenue (6% = 2.05b TTM) |
| FCFTA 0.08 (>2.0%) and ΔFCFTA -2.50pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 8.09% (prev 11.59%; Δ -3.50pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.17 (>3.0%) and CFO 7.10b > Net Income 2.81b (YES >=105%, WARN >=100%) |
| Net Debt (15.65b) to EBITDA (9.63b) ratio: 1.62 <= 3.0 (WARN <= 3.5) |
| Current Ratio 1.32 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (122.7m) change vs 12m ago 0.27% (target <= -2.0% for YES) |
| Gross Margin 74.29% (prev 75.21%; Δ -0.92pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 88.40% (prev 87.17%; Δ 1.23pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 4.70 (EBITDA TTM 9.63b / Interest Expense TTM 1.18b) >= 6 (WARN >= 3) |
Altman Z'' 3.71
| (A) 0.07 = (Total Current Assets 11.33b - Total Current Liabilities 8.56b) / Total Assets 42.43b |
| (B) 0.35 = Retained Earnings (Balance) 14.90b / Total Assets 42.43b |
| (C) 0.14 = EBIT TTM 5.53b / Avg Total Assets 38.70b |
| (D) 1.12 = Book Value of Equity 30.03b / Total Liabilities 26.82b |
| Total Rating: 3.71 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 65.42
| 1. Piotroski 5.50pt = 0.50 |
| 2. FCF Yield 6.25% = 3.13 |
| 3. FCF Margin 10.17% = 2.54 |
| 4. Debt/Equity 1.35 = 1.66 |
| 5. Debt/Ebitda 1.62 = 0.73 |
| 6. ROIC - WACC (= 7.03)% = 8.78 |
| 7. RoE 18.77% = 1.56 |
| 8. Rev. Trend -25.00% = -1.87 |
| 9. EPS Trend -32.15% = -1.61 |
What is the price of KER shares?
Over the past week, the price has changed by +0.18%, over one month by +15.96%, over three months by +60.89% and over the past year by +38.79%.
Is Kering a good stock to buy?
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of KER is around 291.78 EUR . This means that KER is currently overvalued and has a potential downside of -5.74%.
Is KER a buy, sell or hold?
What are the forecasts/targets for the KER price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 252 | -18.6% |
| Analysts Target Price | - | - |
| ValueRay Target Price | 321.5 | 3.9% |
KER Fundamental Data Overview
Market Cap EUR = 37.88b (37.88b EUR * 1.0 EUR.EUR)
P/E Trailing = 52.1079
P/E Forward = 30.581
P/S = 2.4033
P/B = 2.4725
P/EG = 2.6097
Beta = 1.178
Revenue TTM = 34.21b EUR
EBIT TTM = 5.53b EUR
EBITDA TTM = 9.63b EUR
Long Term Debt = 10.57b EUR (from longTermDebt, last quarter)
Short Term Debt = 4.01b EUR (from shortTermDebt, last quarter)
Debt = 19.89b EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = 15.65b EUR (from netDebt column, last quarter)
Enterprise Value = 55.64b EUR (37.88b + Debt 19.89b - CCE 2.13b)
Interest Coverage Ratio = 4.70 (Ebit TTM 5.53b / Interest Expense TTM 1.18b)
FCF Yield = 6.25% (FCF TTM 3.48b / Enterprise Value 55.64b)
FCF Margin = 10.17% (FCF TTM 3.48b / Revenue TTM 34.21b)
Net Margin = 8.20% (Net Income TTM 2.81b / Revenue TTM 34.21b)
Gross Margin = 74.29% ((Revenue TTM 34.21b - Cost of Revenue TTM 8.79b) / Revenue TTM)
Gross Margin QoQ = 73.01% (prev 73.06%)
Tobins Q-Ratio = 1.31 (Enterprise Value 55.64b / Total Assets 42.43b)
Interest Expense / Debt = 1.60% (Interest Expense 319.0m / Debt 19.89b)
Taxrate = 27.56% (199.0m / 722.0m)
NOPAT = 4.01b (EBIT 5.53b * (1 - 27.56%))
Current Ratio = 1.32 (Total Current Assets 11.33b / Total Current Liabilities 8.56b)
Debt / Equity = 1.35 (Debt 19.89b / totalStockholderEquity, last quarter 14.77b)
Debt / EBITDA = 1.62 (Net Debt 15.65b / EBITDA 9.63b)
Debt / FCF = 4.50 (Net Debt 15.65b / FCF TTM 3.48b)
Total Stockholder Equity = 14.95b (last 4 quarters mean from totalStockholderEquity)
RoA = 6.61% (Net Income 2.81b / Total Assets 42.43b)
RoE = 18.77% (Net Income TTM 2.81b / Total Stockholder Equity 14.95b)
RoCE = 21.68% (EBIT 5.53b / Capital Employed (Equity 14.95b + L.T.Debt 10.57b))
RoIC = 14.22% (NOPAT 4.01b / Invested Capital 28.18b)
WACC = 7.19% (E(37.88b)/V(57.77b) * Re(10.36%) + D(19.89b)/V(57.77b) * Rd(1.60%) * (1-Tc(0.28)))
Discount Rate = 10.36% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 0.09%
[DCF Debug] Terminal Value 65.51% ; FCFE base≈3.59b ; Y1≈2.85b ; Y5≈1.90b
Fair Price DCF = 202.7 (DCF Value 24.85b / Shares Outstanding 122.6m; 5y FCF grow -24.62% → 3.0% )
EPS Correlation: -32.15 | EPS CAGR: -79.56% | SUE: 0.0 | # QB: 0
Revenue Correlation: -25.00 | Revenue CAGR: -2.90% | SUE: N/A | # QB: 0