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 28,570 - -
Change - -33.56% -16.49% -39.83% 26.35% -22.58% - -
Enterprise Value (EV) 1 92,144 60,428 57,041 39,706 44,942 37,357 36,788 36,094
Change - -34.42% -5.61% -30.39% 13.19% -16.88% -1.52% -1.89%
P/E 27.7x 16.2x 16.4x 25.8x 510x 45.5x 25.5x 18.5x
PBR 6.57x 4.15x 3.22x 1.96x 2.51x 1.91x 1.8x 1.69x
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 1.94x 1.83x 1.7x
EV / Revenue 5.22x 2.97x 2.92x 2.31x 3.06x 2.54x 2.35x 2.15x
EV / EBITDA 14.2x 8.33x 8.68x 8.51x 12.2x 9.7x 8.67x 7.51x
EV / EBIT 18.4x 10.8x 12x 15.5x 27.6x 19.8x 15.6x 12.5x
EV / FCF 23.4x 18.8x 28.8x 28.4x 19.5x 19.5x 22.2x 19.5x
FCF Yield 4.28% 5.31% 3.48% 3.53% 5.12% 5.13% 4.5% 5.14%
Dividend per Share 2 12 14 14 6 3 3.39 4.949 6.596
Rate of return 1.7% 2.94% 3.51% 2.52% 1% 1.46% 2.12% 2.83%
EPS 2 25.49 29.31 24.37 9.24 0.59 5.122 9.149 12.59
Distribution rate 47.1% 47.8% 57.4% 64.9% 508% 66.2% 54.1% 52.4%
Net sales 1 17,645 20,351 19,566 17,194 14,675 14,717 15,653 16,761
EBITDA 1 6,470 7,255 6,569 4,667 3,675 3,850 4,242 4,805
EBIT 1 5,017 5,589 4,746 2,554 1,631 1,890 2,361 2,880
Net income 1 3,176 3,614 2,983 1,133 72 649.5 1,136 1,532
Net Debt 1 4,670 2,306 8,504 10,500 8,039 8,787 8,218 7,524
Reference price 2 706.90 475.50 399.00 238.25 301.00 233.00 233.00 233.00
Nbr of stocks (in thousands) 123,744 122,233 121,646 122,587 122,601 122,618 - -
Announcement Date 17/02/22 15/02/23 08/02/24 11/02/25 10/02/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
23.9x3.63x12.92x3.73% 185B
40.54x4.98x20.62x0.92% 132B
26.27x2.67x17.18x0.79% 72.39B
45.49x2.54x9.7x1.46% 32.76B
20.65x1.41x7.98x4.51% 26.3B
14.53x2.84x10.9x1.62% 22.93B
17.38x2.44x10.92x2.14% 21.7B
20.65x1.23x10.48x-.--% 14.89B
15.41x1.96x8.22x4.56% 11.8B
Average 24.98x 2.63x 12.10x 2.19% 57.77B
Weighted average by Cap. 28.69x 3.47x 14.67x 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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