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KER - Kering SA

PAR -> Consumer Cyclical -> Luxury Goods
Paris, France
Type: Equity

KER price evolution
KER
(in millions $) 31 Jan 2024 30 Jul 2023 31 Jan 2023 29 Jun 2022
Current assets
Cash $2154 $4006 $5790
Short term investments
Net receivables $1916 $1204 $1558 $2008
Inventory $4550 $4569 $4465 $4065
Total current assets $11930 $11194 $11662 $13071
Long term investments $693
Property, plant & equipment $10325 $9797 $8317 $7750
Goodwill & intangible assets
Total noncurrent assets
Total investments
Total assets $41367 $34972 $33941 $33197
Current liabilities
Accounts payable $2200 $2327 $2263 $2347
Deferred revenue
Short long term debt $1263
Total current liabilities $8631 $7660 $8506 $9236
Long term debt $14537 $8886 $8767 $4029
Total noncurrent liabilities
Total debt
Total liabilities $26155 $20400 $19943 $19280
Shareholders' equity
Retained earnings $14999 $14509 $14090
Other shareholder equity $15212 -$259 $13998 $14000
Total shareholder equity $13474
(in millions $) 31 Jan 2024 31 Jan 2023 30 Dec 2021 30 Dec 2020
Current assets
Cash $4006 $5248.7 $3442.8
Short term investments $33.9
Net receivables $1916 $1558 $1805 $1424.7
Inventory $4550 $4465 $3368.9 $2845.5
Total current assets $11930 $11662 $11432.4 $9020.8
Long term investments $872.9 $1531
Property, plant & equipment $10325 $8317 $7268.4 $6627
Goodwill & intangible assets
Total noncurrent assets
Total investments
Total assets $41367 $33941 $31067.6 $28005.4
Current liabilities
Accounts payable $2200 $2263 $1741.9 $666
Deferred revenue
Short long term debt $1006 $781.3
Total current liabilities $8631 $8506 $8774 $6734.7
Long term debt $14537 $8767 $2975.5 $3815.5
Total noncurrent liabilities $7361.1
Total debt
Total liabilities $26155 $19943 $17331.4 $15970.4
Shareholders' equity
Retained earnings $15252 $14509 $13144.4 $11300.6
Other shareholder equity -$243 -$165 $13227.5 $11374.7
Total shareholder equity $13346.8 $11820.9
(in millions $) 31 Jan 2024 30 Jul 2023 31 Jan 2023 29 Jun 2022
Revenue
Total revenue $9431 $10135 $10421 $4965
Cost of revenue $1276
Gross Profit $7197 $7730 $7820 $3689
Operating activities
Research & development
Selling, general & administrative $688
Total operating expenses $5293 $4991 $5051 $3555
Operating income $1410
Income from continuing operations
EBIT $1410
Income tax expense $471 $692 $673 $373.5
Interest expense -$206 -$198 -$235 -$39
Net income
Net income $1198 $1784 $1625 $994
Income (for common shares) $994
(in millions $) 31 Jan 2024 31 Jan 2023 30 Dec 2021 30 Dec 2020
Revenue
Total revenue $19566 $20351 $17645.2 $13100.2
Cost of revenue $4576.7 $3590.6
Gross Profit $14927 $15198 $13068.5 $9509.6
Operating activities
Research & development
Selling, general & administrative $2444.1 $2070
Total operating expenses $10211 $9609 $12628 $9965
Operating income $5017.2 $3135.2
Income from continuing operations
EBIT $5017.2 $3135.2
Income tax expense $1163 $1420 $1280.4 $759.2
Interest expense -$394 -$245 -$152.2 -$162.9
Net income
Net income $2983 $3613 $3175.7 $2150.4
Income (for common shares) $3175.7 $2150.4
(in millions $) 31 Jan 2024 30 Jul 2023 31 Jan 2023 29 Jun 2022
Net income $994
Operating activities
Depreciation $398.5
Business acquisitions & disposals
Stock-based compensation
Total cash flows from operations $1201
Investing activities
Capital expenditures -$180.5
Investments -$58
Total cash flows from investing -$7298 -$1743 -$2770 -$241
Financing activities
Dividends paid -$1712 -$1712 -$1483 -$741.5
Sale and purchase of stock
Net borrowings $594
Total cash flows from financing $2377 -$1912 -$2144 -$557.5
Effect of exchange rate $18 $14 $222 -$5.5
Change in cash and equivalents -$444 -$1044 -$422 $397
(in millions $) 31 Jan 2024 31 Jan 2023 30 Dec 2021 30 Dec 2020
Net income $3175.7 $2150.4
Operating activities
Depreciation $1406.8 $1415.1
Business acquisitions & disposals
Stock-based compensation
Total cash flows from operations $4873.1 $2884.3
Investing activities
Capital expenditures -$934 -$786.9
Investments $927.3 -$81.9
Total cash flows from investing -$7298 -$2770 -$451.5 -$196.5
Financing activities
Dividends paid -$1712 -$1483 -$998.3 -$1000.1
Sale and purchase of stock
Net borrowings -$1144 -$245.1
Total cash flows from financing $2377 -$2144 -$2926.9 -$1623.1
Effect of exchange rate $18 $222 $20.9 $97.8
Change in cash and equivalents -$444 -$422 $1515.6 $1162.5
News
Gucci Warning Casts a Pall Over Luxury Stocks
Barrons.com 20 Mar 2024
Kering’s Gucci Warning Wipes $6.8 Billion Off Market Value
Bloomberg via Yahoo Finance 20 Mar 2024
AEO or PPRUY: Which Is the Better Value Stock Right Now?
Zacks via Yahoo Finance 19 Feb 2024
Gucci Owner Buys Manhattan Building for $963 Million
Bloomberg via Yahoo Finance 21 Jan 2024
Kering SA's Dividend Analysis
GuruFocus.com via Yahoo Finance 11 Jan 2024
HIBB vs. PPRUY: Which Stock Is the Better Value Option?
Zacks via Yahoo Finance 2 Jan 2024
AI and Ozempic Were Europe’s Winning 2023 Stock Market Themes While Luxury Stalled
Bloomberg via Yahoo Finance 29 Dec 2023
LVMH and Luxury’s Year of Changing Fortunes Set for Reverse Act in 2024
Bloomberg via Yahoo Finance 16 Dec 2023
HIBB or PPRUY: Which Is the Better Value Stock Right Now?
Zacks via Yahoo Finance 23 Nov 2023
HIBB vs. PPRUY: Which Stock Is the Better Value Option?
Zacks via Yahoo Finance 31 Oct 2023
Fundamentals
Market cap $44.91B
Enterprise value N/A
Shares outstanding 122.58M
Revenue $34.95B
EBITDA N/A
EBIT N/A
Net Income $5.60B
Revenue Q/Q 89.95%
Revenue Y/Y 88.05%
P/E ratio 8.02
EV/Sales N/A
EV/EBITDA N/A
EV/EBIT N/A
P/S ratio 1.28
P/B ratio N/A
Book/Share N/A
Cash/Share N/A
EPS $45.69
ROA 15.62%
ROE N/A
Debt/Equity N/A
Net debt/EBITDA N/A
Current ratio 1.38
Quick ratio 0.86