Company Valuation: Kering SA

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 29,183 - -
Change - -33.56% -16.49% -39.83% 26.35% -20.92% - -
Enterprise Value (EV) 1 92,144 60,428 57,041 39,706 44,942 37,970 37,401 36,707
Change - -34.42% -5.61% -30.39% 13.19% -15.51% -1.5% -1.86%
P/E 27.7x 16.2x 16.4x 25.8x 510x 46.2x 26x 18.9x
PBR 6.57x 4.15x 3.22x 1.96x 2.51x 1.95x 1.84x 1.72x
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 1.98x 1.85x 1.74x
EV / Revenue 5.22x 2.97x 2.92x 2.31x 3.06x 2.58x 2.37x 2.19x
EV / EBITDA 14.2x 8.33x 8.68x 8.51x 12.2x 9.77x 8.75x 7.64x
EV / EBIT 18.4x 10.8x 12x 15.5x 27.6x 20x 15.7x 12.7x
EV / FCF 23.4x 18.8x 28.8x 28.4x 19.5x 19.8x 22.6x 19.8x
FCF Yield 4.28% 5.31% 3.48% 3.53% 5.12% 5.05% 4.43% 5.05%
Dividend per Share 2 12 14 14 6 3 3.403 4.94 6.57
Rate of return 1.7% 2.94% 3.51% 2.52% 1% 1.43% 2.08% 2.76%
EPS 2 25.49 29.31 24.37 9.24 0.59 5.148 9.155 12.59
Distribution rate 47.1% 47.8% 57.4% 64.9% 508% 66.1% 54% 52.2%
Net sales 1 17,645 20,351 19,566 17,194 14,675 14,722 15,765 16,761
EBITDA 1 6,470 7,255 6,569 4,667 3,675 3,885 4,276 4,805
EBIT 1 5,017 5,589 4,746 2,554 1,631 1,903 2,376 2,880
Net income 1 3,176 3,614 2,983 1,133 72 655.2 1,148 1,532
Net Debt 1 4,670 2,306 8,504 10,500 8,039 8,787 8,218 7,524
Reference price 2 706.90 475.50 399.00 238.25 301.00 238.00 238.00 238.00
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.($)
24.35x3.7x13.18x3.65% 190B
40.15x4.93x20.41x0.93% 133B
26.06x2.65x17.04x0.79% 71.81B
46.23x2.58x9.77x1.43% 33.68B
20.83x1.42x8.05x4.45% 26.85B
14.9x2.9x11.17x1.58% 23.52B
17.99x2.5x11.14x1.99% 22.35B
20.09x1.2x10.22x-.--% 14.49B
15.02x1.81x7.6x4.24% 10.67B
Average 25.07x 2.63x 12.06x 2.12% 58.41B
Weighted average by Cap. 28.79x 3.49x 14.68x 2.22%

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

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