(PUM) PUMA SE - Overview
Exchange: XETRA •
Country: Germany •
Currency: EUR •
Type: Common Stock •
ISIN: DE0006969603
Stock: Footwear, Apparel, Accessories, Golf
Total Rating 35
Risk 89
Buy Signal 0.11
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 2.69% |
| Yield on Cost 5y | 0.78% |
| Yield CAGR 5y | 39.73% |
| Payout Consistency | 82.9% |
| Payout Ratio | 62.6% |
| Risk 5d forecast | |
|---|---|
| Volatility | 59.3% |
| Relative Tail Risk | -28.0% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.09 |
| Alpha | -26.15 |
| Character TTM | |
|---|---|
| Beta | 0.378 |
| Beta Downside | 0.617 |
| Drawdowns 3y | |
|---|---|
| Max DD | 75.18% |
| CAGR/Max DD | -0.35 |
Description: PUM PUMA SE January 11, 2026
PUMA SE (XETRA:PUM) designs, manufactures, and sells sports-lifestyle apparel and footwear across a broad portfolio that includes football, basketball, motorsports, golf (via Cobra Golf), and a range of licensed accessories such as glasses and workwear. The brand reaches consumers through its own retail stores, factory outlets, e-commerce sites, and wholesale partners in Germany, the rest of Europe, the United States, and other international markets.
In FY 2023 the company reported revenue of approximately €9.8 billion, with a 20 % year-over-year increase in direct-to-consumer sales driven by strong online growth and new store openings in the U.S. market. Operating margins have hovered around 5–6 %, reflecting ongoing cost-inflation pressures in raw materials and logistics. A key sector driver is the continued shift toward athleisure and sustainable products, prompting Puma to expand its recycled-material lines and set a target of 65 % of its product portfolio to be made with sustainable inputs by 2027.
For a deeper, data-driven valuation and scenario analysis, you may find ValueRay’s platform useful.
Piotroski VR‑10 (Strict, 0-10) 4.0
| Net Income: -284.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.06 > 0.02 and ΔFCF/TA 1.08 > 1.0 |
| NWC/Revenue: 9.51% < 20% (prev 15.07%; Δ -5.57% < -1%) |
| CFO/TA 0.02 > 3% & CFO 169.9m > Net Income -284.3m |
| Net Debt (2.45b) to EBITDA (183.0m): 13.38 < 3 |
| Current Ratio: 1.23 > 1.5 & < 3 |
| Outstanding Shares: last quarter (147.5m) vs 12m ago -1.38% < -2% |
| Gross Margin: 46.44% > 18% (prev 0.51%; Δ 4593 % > 0.5%) |
| Asset Turnover: 119.5% > 50% (prev 123.6%; Δ -4.16% > 0%) |
| Interest Coverage Ratio: 0.55 > 6 (EBITDA TTM 183.0m / Interest Expense TTM 175.9m) |
Altman Z'' 2.73
| A: 0.11 (Total Current Assets 4.22b - Total Current Liabilities 3.44b) / Total Assets 6.95b |
| B: 0.40 (Retained Earnings 2.78b / Total Assets 6.95b) |
| C: 0.01 (EBIT TTM 97.4m / Avg Total Assets 6.92b) |
| D: 0.56 (Book Value of Equity 2.75b / Total Liabilities 4.88b) |
| Altman-Z'' Score: 2.73 = A |
Beneish M -3.19
| DSRI: 0.84 (Receivables 1.24b/1.52b, Revenue 8.26b/8.51b) |
| GMI: 1.10 (GM 46.44% / 51.18%) |
| AQI: 0.94 (AQ_t 0.23 / AQ_t-1 0.24) |
| SGI: 0.97 (Revenue 8.26b / 8.51b) |
| TATA: -0.07 (NI -284.3m - CFO 169.9m) / TA 6.95b) |
| Beneish M-Score: -3.19 (Cap -4..+1) = AA |
What is the price of PUM shares?
As of February 09, 2026, the stock is trading at EUR 22.70 with a total of 826,035 shares traded.
Over the past week, the price has changed by -3.24%, over one month by -6.85%, over three months by +39.95% and over the past year by -20.04%.
Over the past week, the price has changed by -3.24%, over one month by -6.85%, over three months by +39.95% and over the past year by -20.04%.
Is PUM a buy, sell or hold?
PUMA SE has no consensus analysts rating.
What are the forecasts/targets for the PUM price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 24.4 | 7.4% |
| Analysts Target Price | - | - |
| ValueRay Target Price | 21.1 | -7.2% |
PUM Fundamental Data Overview February 03, 2026
Market Cap USD = 4.13b (3.49b EUR * 1.1827 EUR.USD)
P/E Forward = 56.4972
P/S = 0.4225
P/B = 1.5444
P/EG = 0.9929
Revenue TTM = 8.26b EUR
EBIT TTM = 97.4m EUR
EBITDA TTM = 183.0m EUR
Long Term Debt = 356.4m EUR (from longTermDebt, last fiscal year)
Short Term Debt = 1.33b EUR (from shortTermDebt, last quarter)
Debt = 2.71b EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = 2.45b EUR (from netDebt column, last quarter)
Enterprise Value = 5.94b EUR (3.49b + Debt 2.71b - CCE 265.0m)
Interest Coverage Ratio = 0.55 (Ebit TTM 97.4m / Interest Expense TTM 175.9m)
EV/FCF = 13.76x (Enterprise Value 5.94b / FCF TTM 431.8m)
FCF Yield = 7.27% (FCF TTM 431.8m / Enterprise Value 5.94b)
FCF Margin = 5.23% (FCF TTM 431.8m / Revenue TTM 8.26b)
Net Margin = -3.44% (Net Income TTM -284.3m / Revenue TTM 8.26b)
Gross Margin = 46.44% ((Revenue TTM 8.26b - Cost of Revenue TTM 4.43b) / Revenue TTM)
Gross Margin QoQ = 45.25% (prev 46.06%)
Tobins Q-Ratio = 0.85 (Enterprise Value 5.94b / Total Assets 6.95b)
Interest Expense / Debt = 1.61% (Interest Expense 43.8m / Debt 2.71b)
Taxrate = 25.96% (120.0m / 462.3m)
NOPAT = 72.1m (EBIT 97.4m * (1 - 25.96%))
Current Ratio = 1.23 (Total Current Assets 4.22b / Total Current Liabilities 3.44b)
Debt / Equity = 1.31 (Debt 2.71b / totalStockholderEquity, last quarter 2.06b)
Debt / EBITDA = 13.38 (Net Debt 2.45b / EBITDA 183.0m)
Debt / FCF = 5.67 (Net Debt 2.45b / FCF TTM 431.8m)
Total Stockholder Equity = 2.41b (last 4 quarters mean from totalStockholderEquity)
RoA = -4.11% (Net Income -284.3m / Total Assets 6.95b)
RoE = -11.80% (Net Income TTM -284.3m / Total Stockholder Equity 2.41b)
RoCE = 3.52% (EBIT 97.4m / Capital Employed (Equity 2.41b + L.T.Debt 356.4m))
RoIC = 2.70% (NOPAT 72.1m / Invested Capital 2.68b)
WACC = 4.64% (E(3.49b)/V(6.20b) * Re(7.31%) + D(2.71b)/V(6.20b) * Rd(1.61%) * (1-Tc(0.26)))
Discount Rate = 7.31% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: -100.0 | Cagr: -5.61%
[DCF Debug] Terminal Value 84.49% ; FCFF base≈400.4m ; Y1≈338.8m ; Y5≈256.9m
Fair Price DCF = 36.58 (EV 7.83b - Net Debt 2.45b = Equity 5.38b / Shares 147.1m; r=5.90% [WACC]; 5y FCF grow -18.62% → 2.90% )
EPS Correlation: -52.14 | EPS CAGR: -10.28% | SUE: 0.42 | # QB: 0
Revenue Correlation: 16.47 | Revenue CAGR: 2.74% | SUE: -0.66 | # QB: 0
EPS next Quarter (2026-03-31): EPS=-0.41 | Chg30d=-0.570 | Revisions Net=+0 | Analysts=1
EPS next Year (2026-12-31): EPS=-1.34 | Chg30d=-0.490 | Revisions Net=-5 | Growth EPS=+57.5% | Growth Revenue=-2.9%
P/E Forward = 56.4972
P/S = 0.4225
P/B = 1.5444
P/EG = 0.9929
Revenue TTM = 8.26b EUR
EBIT TTM = 97.4m EUR
EBITDA TTM = 183.0m EUR
Long Term Debt = 356.4m EUR (from longTermDebt, last fiscal year)
Short Term Debt = 1.33b EUR (from shortTermDebt, last quarter)
Debt = 2.71b EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = 2.45b EUR (from netDebt column, last quarter)
Enterprise Value = 5.94b EUR (3.49b + Debt 2.71b - CCE 265.0m)
Interest Coverage Ratio = 0.55 (Ebit TTM 97.4m / Interest Expense TTM 175.9m)
EV/FCF = 13.76x (Enterprise Value 5.94b / FCF TTM 431.8m)
FCF Yield = 7.27% (FCF TTM 431.8m / Enterprise Value 5.94b)
FCF Margin = 5.23% (FCF TTM 431.8m / Revenue TTM 8.26b)
Net Margin = -3.44% (Net Income TTM -284.3m / Revenue TTM 8.26b)
Gross Margin = 46.44% ((Revenue TTM 8.26b - Cost of Revenue TTM 4.43b) / Revenue TTM)
Gross Margin QoQ = 45.25% (prev 46.06%)
Tobins Q-Ratio = 0.85 (Enterprise Value 5.94b / Total Assets 6.95b)
Interest Expense / Debt = 1.61% (Interest Expense 43.8m / Debt 2.71b)
Taxrate = 25.96% (120.0m / 462.3m)
NOPAT = 72.1m (EBIT 97.4m * (1 - 25.96%))
Current Ratio = 1.23 (Total Current Assets 4.22b / Total Current Liabilities 3.44b)
Debt / Equity = 1.31 (Debt 2.71b / totalStockholderEquity, last quarter 2.06b)
Debt / EBITDA = 13.38 (Net Debt 2.45b / EBITDA 183.0m)
Debt / FCF = 5.67 (Net Debt 2.45b / FCF TTM 431.8m)
Total Stockholder Equity = 2.41b (last 4 quarters mean from totalStockholderEquity)
RoA = -4.11% (Net Income -284.3m / Total Assets 6.95b)
RoE = -11.80% (Net Income TTM -284.3m / Total Stockholder Equity 2.41b)
RoCE = 3.52% (EBIT 97.4m / Capital Employed (Equity 2.41b + L.T.Debt 356.4m))
RoIC = 2.70% (NOPAT 72.1m / Invested Capital 2.68b)
WACC = 4.64% (E(3.49b)/V(6.20b) * Re(7.31%) + D(2.71b)/V(6.20b) * Rd(1.61%) * (1-Tc(0.26)))
Discount Rate = 7.31% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: -100.0 | Cagr: -5.61%
[DCF Debug] Terminal Value 84.49% ; FCFF base≈400.4m ; Y1≈338.8m ; Y5≈256.9m
Fair Price DCF = 36.58 (EV 7.83b - Net Debt 2.45b = Equity 5.38b / Shares 147.1m; r=5.90% [WACC]; 5y FCF grow -18.62% → 2.90% )
EPS Correlation: -52.14 | EPS CAGR: -10.28% | SUE: 0.42 | # QB: 0
Revenue Correlation: 16.47 | Revenue CAGR: 2.74% | SUE: -0.66 | # QB: 0
EPS next Quarter (2026-03-31): EPS=-0.41 | Chg30d=-0.570 | Revisions Net=+0 | Analysts=1
EPS next Year (2026-12-31): EPS=-1.34 | Chg30d=-0.490 | Revisions Net=-5 | Growth EPS=+57.5% | Growth Revenue=-2.9%