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IPAR - Inter Parfums, Inc.

NASDAQ -> Consumer Defensive -> Household & Personal Products
New York, United States
Type: Equity

IPAR price evolution
IPAR
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Current assets
Cash $88.46 $79.76 $74.31 $149.06
Short term investments $94.3 $103.75 $112.45 $88.7
Net receivables $254.25 $301.73 $251.28 $269.73
Inventory $371.86 $364.27 $360.02 $323.7
Total current assets $839.03 $876.85 $823.44 $851.6
Long term investments
Property, plant & equipment $197.84 $192.36 $196.27 $195.94
Goodwill & intangible assets $296.36 $286.7 $292.32 $294.3
Total noncurrent assets $530.3 $517.54 $528.22 $528.61
Total investments $94.3 $103.75 $112.45 $88.7
Total assets $1369.33 $1394.4 $1351.66 $1380.21
Current liabilities
Accounts payable $97.41 $87.16 $91.04 $93.05
Deferred revenue
Short long term debt $39.96 $51.96 $39.27 $52.4
Total current liabilities $324.75 $363.1 $341.67 $362.17
Long term debt $152.41 $154.44 $163.06 $168.43
Total noncurrent liabilities $152.41 $154.44 $163.06 $168.43
Total debt $192.37 $206.39 $202.33 $220.83
Total liabilities $477.16 $517.53 $504.73 $530.6
Shareholders' equity
Retained earnings $693.85 $703.09 $669.69 $654.44
Other shareholder equity -$40.19 -$59.8 -$48.74 -$48.44
Total shareholder equity $699.39 $690.31 $668.2 $658.41
(in millions $) 31 Dec 2023 31 Jan 2023 31 Dec 2021 31 Dec 2020
Current assets
Cash $88.46 $104.71 $159.61 $169.68
Short term investments $94.3 $150.83 $160.01 $126.63
Net receivables $254.25 $226.54 $169.59 $125.87
Inventory $371.86 $289.98 $198.91 $158.82
Total current assets $839.03 $787.72 $709.72 $600.72
Long term investments
Property, plant & equipment $197.84 $194.69 $183.08 $44.31
Goodwill & intangible assets $296.36 $290.85 $214.05 $214.11
Total noncurrent assets $530.3 $520.82 $435.65 $289.43
Total investments $94.3 $150.83 $160.01 $126.63
Total assets $1369.33 $1308.54 $1145.36 $890.14
Current liabilities
Accounts payable $97.41 $88.39 $81.98 $35.58
Deferred revenue
Short long term debt $39.96 $33.84 $21.93 $19.7
Total current liabilities $324.75 $344.57 $244.91 $156.21
Long term debt $152.41 $151.49 $162.12 $31.49
Total noncurrent liabilities $152.41 $175.83 $162.12 $31.49
Total debt $192.37 $209.67 $184.05 $51.19
Total liabilities $477.16 $691.76 $407.03 $187.69
Shareholders' equity
Retained earnings $693.85 $620.1 $560.66 $503.57
Other shareholder equity -$40.19 -$56.06 -$38.43 -$6
Total shareholder equity $699.39 $616.78 $571.92 $535.84
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Revenue
Total revenue $328.74 $367.97 $309.24 $311.72
Cost of revenue $116.03 $132.96 $120.84 $108.77
Gross Profit $212.71 $235.01 $188.4 $202.96
Operating activities
Research & development
Selling, general & administrative $193.83 $147.81 $133.38 $112.68
Total operating expenses $193.83 $147.81 $133.38 $112.68
Operating income $18.88 $87.2 $55.02 $90.28
Income from continuing operations
EBIT $21.33 $76.1 $50.19 $78.1
Income tax expense $6.69 $20.49 $12.96 $21.68
Interest expense $4.22 $2.4 $2.28 $2.36
Net income
Net income $10.42 $53.21 $34.95 $54.07
Income (for common shares) $10.42 $53.21 $34.95 $54.07
(in millions $) 31 Dec 2023 31 Dec 2022 31 Dec 2021 31 Dec 2020
Revenue
Total revenue $1317.67 $1086.65 $879.52 $539.01
Cost of revenue $478.6 $392.23 $322.61 $208.28
Gross Profit $839.08 $694.42 $556.9 $330.73
Operating activities
Research & development
Selling, general & administrative $587.7 $492.37 $406.46 $260.65
Total operating expenses $587.7 $500.12 $408.85 $260.65
Operating income $251.38 $194.3 $148.05 $70.08
Income from continuing operations
EBIT $225.72 $167.72 $131.23 $59.57
Income tax expense $61.82 $43.18 $40.99 $19.38
Interest expense $11.25 $3.6 $2.83 $1.97
Net income
Net income $152.65 $120.94 $87.41 $38.22
Income (for common shares) $152.65 $120.94 $87.41 $38.22
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Net income $10.42 $53.21 $34.95 $54.07
Operating activities
Depreciation $5.83 $5.96 $5.55 $5.44
Business acquisitions & disposals
Stock-based compensation $0.64 $0.62 $0.63 $0.63
Total cash flows from operations $81.5 $17.51 $14.12 -$7.36
Investing activities
Capital expenditures -$46.73 -$3.21 -$0.86 -$2.57
Investments $13.49 $6.16 -$23.23 $64.21
Total cash flows from investing -$33.24 $2.95 -$24.09 $61.64
Financing activities
Dividends paid -$19.99 -$20.04 -$20 -$20.02
Sale and purchase of stock -$1.6 $0.33 -$5.45 -$0.65
Net borrowings -$20.13 $6.67 -$19.6 $8.59
Total cash flows from financing -$42.74 -$13.04 -$64.88 -$12.55
Effect of exchange rate $3.19 -$1.97 $0.1 $2.61
Change in cash and equivalents $8.7 $5.45 -$74.74 $44.34
(in millions $) 31 Dec 2023 31 Dec 2022 31 Dec 2021 31 Dec 2020
Net income $152.65 $120.94 $87.41 $38.22
Operating activities
Depreciation $22.78 $22.54 $12.7 $9.07
Business acquisitions & disposals
Stock-based compensation $2.52 $3.14 $2.85 $3.03
Total cash flows from operations $105.77 $115.15 $119.59 $64.99
Investing activities
Capital expenditures -$53.37 -$132.62 -$142.82 -$12.26
Investments $60.63 -$0.14 -$45.05 -$10.07
Total cash flows from investing $7.26 -$132.76 -$187.87 -$22.33
Financing activities
Dividends paid -$80.05 -$63.74 -$31.69 -$20.8
Sale and purchase of stock -$7.36 $6 $5.39 $2.77
Net borrowings -$24.48 $32.63 $114.33 -$0.29
Total cash flows from financing -$133.21 -$45.57 $78.19 -$18.64
Effect of exchange rate $3.93 -$0.49 -$11.21 $12.24
Change in cash and equivalents -$16.25 -$63.67 -$1.29 $36.26
Fundamentals
Market cap $4.46B
Enterprise value $4.56B
Shares outstanding 32.00M
Revenue $1.32B
EBITDA $248.50M
EBIT $225.72M
Net Income $152.65M
Revenue Q/Q 5.78%
Revenue Y/Y 21.26%
P/E ratio 29.19
EV/Sales 3.46
EV/EBITDA 18.35
EV/EBIT 20.20
P/S ratio 3.38
P/B ratio 6.02
Book/Share 23.11
Cash/Share 2.76
EPS $4.77
ROA 11.11%
ROE 22.48%
Debt/Equity 0.68
Net debt/EBITDA 1.56
Current ratio 2.58
Quick ratio 1.44