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 25,787 - -
Change - -33.56% -16.49% -39.83% 26.35% -30.12% - -
Enterprise Value (EV) 1 92,144 60,428 57,041 39,706 44,942 34,806 34,283 33,680
Change - -34.42% -5.61% -30.39% 13.19% -22.55% -1.5% -1.76%
P/E 27.7x 16.2x 16.4x 25.8x 510x 41.5x 23.5x 17.4x
PBR 6.57x 4.15x 3.22x 1.96x 2.51x 1.72x 1.63x 1.53x
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 1.76x 1.66x 1.56x
EV / Revenue 5.22x 2.97x 2.92x 2.31x 3.06x 2.38x 2.21x 2.04x
EV / EBITDA 14.2x 8.33x 8.68x 8.51x 12.2x 9.11x 8.17x 7.16x
EV / EBIT 18.4x 10.8x 12x 15.5x 27.6x 18.8x 14.8x 12.1x
EV / FCF 23.4x 18.8x 28.8x 28.4x 19.5x 20x 20.7x 17.6x
FCF Yield 4.28% 5.31% 3.48% 3.53% 5.12% 5% 4.83% 5.67%
Dividend per Share 2 12 14 14 6 3 3.332 4.897 6.423
Rate of return 1.7% 2.94% 3.51% 2.52% 1% 1.58% 2.33% 3.05%
EPS 2 25.49 29.31 24.37 9.24 0.59 5.067 8.94 12.12
Distribution rate 47.1% 47.8% 57.4% 64.9% 508% 65.8% 54.8% 53%
Net sales 1 17,645 20,351 19,566 17,194 14,675 14,625 15,526 16,533
EBITDA 1 6,470 7,255 6,569 4,667 3,675 3,819 4,196 4,704
EBIT 1 5,017 5,589 4,746 2,554 1,631 1,856 2,318 2,793
Net income 1 3,176 3,614 2,983 1,133 72 635.5 1,114 1,475
Net Debt 1 4,670 2,306 8,504 10,500 8,039 9,019 8,497 7,894
Reference price 2 706.90 475.50 399.00 238.25 301.00 210.30 210.30 210.30
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.($)
24.59x3.74x13.31x3.63% 187B
43.04x5.29x21.75x0.87% 140B
26.04x2.69x17.17x0.78% 73.01B
41.09x2.38x9.1x1.6% 29.02B
20.02x1.38x7.82x4.61% 25.33B
14.93x2.89x11.13x1.58% 23.44B
17.58x2.47x11.16x2.13% 21.69B
23.97x1.42x12.13x-.--% 17.3B
15.2x1.95x7.85x3.97% 11.48B
Average 25.16x 2.69x 12.38x 2.13% 58.62B
Weighted average by Cap. 29.42x 3.61x 15.24x 2.18%

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