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Kering SA

PAR: KER.PA

Stock price

270.75 EUR

(-55.75%) 5 years

fashion
Luxury Goods

Financial Performance

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5Y price score: (85)

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The price score is a basic measure of the stock's performance
against the S&P 500 Index over a five-year period.
A score of 100 indicates that the stock did as well as the S&P 500 Index.
A score below 100 means the stock underperformed the index,
while a score above 100 means it outperformed the S&P 500.

10Y return: 136.9%

DATE RANGE:

EUR Per
Share

  • Earnings per share

  • Free cash flow per share

  • Stock price

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159.5

52-week range

354.2

270.75

Your model inputs

Required return / cost of capital
FCFF terminal growth rate

Your fair value & Margin of safety

To calculate fair value based on cost of capital and terminal growth assumptions above, please select free cash flow forecast.

Forecast:

Valuation

Free Cash Flow Yield

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FCF Yield TTM = Trailing Twelve Months free cash flow per share / current market price per share

5.1 %

Dividend Yield TTM

1.9 %

Market cap

33,194.4

Price / Earnings TTM

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P/E TTM = current market price per share / Trailing Twelve Months diluted earnings per share

458.9

Price / Book TTM

2.3

PEG TTM

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Price/Earnings-to-Growth ratio = P/E TTM divided by most recent annual diluted earnings per share growth rate

(4.9)

Earnings growth and return

LTM

5YR

10YR

Total return (price & dividends)

70.6 %

(46.9) %

136.9 %

Free cash flow per share growth

20.7 %

(18) %

178.5 %

Earnings per share growth

(93.6) %

(96.6) %

(89.3) %

Founded: 1,963

Employees: 46,444

Business Summary: Kering SA develops, designs, manufactures, markets, and sells apparel and accessories. The company offers shoes; leather goods, including handbags and wallets, purses, and other leather products; eyewear, textile accessories, etc.; and jewelry and watches, as well as ready-to-wear products for men and women. It also provides perfumes and cosmetics. The company provides Gucci, Saint Laurent, Bottega Veneta, Alexander McQueen, Balenciaga, Brioni, Boucheron, Pomellato, DoDo, Qeelin, Girard-Perregaux, Ulysse Nardin, and Kering Eyewear branded products. It sells its products through stores and e-commerce sites. As of December 31, 2021, it operated 1,565 stores. Kering SA sells its products in the Asia-Pacific, Western Europe, North America, Japan, and internationally. The company was formerly known as PPR SA and changed its name to Kering SA in June 2013. Kering SA was founded in 1963 and is based in Paris, France.

Financials

all figures in EUR Millions except per share data

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Averages

based on historical growth rates (CAGR) and average margins for last 10 or max, available and up to 10 years.

Analysts

Average Revenue and Net Income forecast estimates from analysts who cover the stock.

Custom

you can edit default forecast based on averages or analysts consensus and use it to calculate fair value based on your assumptions.

Actual
10 year gagr
Estimated
Projected
Fiscal
FISCAL PERIOD END DATES
01Earnings per share
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Diluted EPS
02FCF per share
03Dividends per share
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Adjusted for splits
04Dividends payout, %
05Revenue
06ㅤ% Change
07Net Income
08ㅤ% Margin
09CFO
10ㅤ% Of revenue
11CAPEX
12ㅤ% Change
13FCFF
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Free Cash Flow to the Firm = Cash Flows from Operating Activities (09) – Capital Expenditures (11)
14Total assets
15ㅤ% Change
16Total liabilities
17ㅤ% Of assets
18Shareholders Equity
19Net Debt
20Shares Outstanding
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Diluted Weighted-average Shares Outstanding
21ㅤ% Change
22ROA
23ROE
24Interest coverage
25Dividend Yield
26P/E Ratio
27Stock price range
28Market Cap
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End of Period Market Cap
29FCF Yield
30Average stock price
31 CEO
Fair Value Reference Estimate

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  • Total

Required return / cost of capital
FCFF terminal growth rate
Free cash flow forecast
Terminal value
ㅤPV breakdown
Enterprise value / PV of FCF
ㅤPlus / (Less): Net Debt
ㅤLess: preferred stock
ㅤLess: minority interest
Market cap
ㅤNumber of shares
Price per share

Latest Earnings Call Takeaways

2025 Q4 (Feb 14, 2026)

1) Strategy & Leadership - CEO Luca de Meo emphasized that 2025 was a turning point for Kering, marking the beginning of a turnaround despite disappointing results. - The company is focused on reigniting desirability and preparing for growth across its brands, with a clear strategy to be presented at the upcoming Capital Markets Day in April. - Key strategic moves include a partnership with L'Oreal to enhance the beauty segment and the acquisition of Raselli Franco to strengthen jewelry capabilities. - Kering is committed to operational discipline, reducing store count by 75 in 2025, and planning further closures in 2026 to improve retail quality.

2) Financial & Segment Results - Total revenue for 2025 was EUR 14.7 billion, down 10% YoY, with Q4 showing a sequential improvement to a decline of only 3%. - Recurring operating income was EUR 1.6 billion, reflecting an 11.1% EBIT margin, down from previous years due to top-line pressures. - Free cash flow was EUR 4.4 billion, with net financial debt reduced to EUR 8 billion, demonstrating effective deleveraging strategies. - Segment performance varied, with Gucci's revenue down 22% YoY, while Bottega Veneta and Saint Laurent showed resilience with growth in specific areas.

3) Problems / Headwinds - The company faced significant challenges in 2025, including a decline in retail traffic and sales, particularly in Asia Pacific and Western Europe. - The luxury market is experiencing a slowdown, with concerns over "luxury fatigue" impacting consumer spending. - Kering's brands, especially Gucci, have struggled with desirability and market share, necessitating a strategic overhaul and management changes.

4) Operational or Product Plans - Kering plans to continue reducing its retail footprint, with 100 net closures anticipated in 2026, focusing on enhancing store quality and sales density. - The company is investing in creative leadership across its brands, with new collections expected to drive sales and improve brand desirability. - There is a strong emphasis on sustainability, with Kering maintaining its CDP Triple A rating and continuing to integrate sustainable practices into its operations.

5) Guidance & Outlook / Investor Angle - For 2026, Kering aims for a return to growth and improved margins across all brands, with expectations of gradual recovery throughout the year. - The company is focused on enhancing profitability through operational efficiency and strategic investments, particularly in marketing and product development. - While specific guidance was not provided, management expressed optimism about the potential for growth, particularly with the upcoming product launches and strategic initiatives.

Bottom line: Kering is at a critical juncture, implementing strategic changes to address past performance issues and aiming for a rebound in 2026. The focus on operational efficiency, brand desirability, and strategic partnerships positions the company for potential growth, making it a compelling consideration for investors looking for recovery in the luxury sector.

Kering SA — Financial Overview, Stock Price, Market Cap

Kering SA is a company. Founded in 1963. As of April 13, 2026, the company's market capitalization is $33194403506 with a current stock price of $270.75.