Obermatt

Kering

PAR:KER · FR0000121485
Textiles, Apparel & Luxury GoodsX-Large

360

7
EV / EBIT15
Price / Owner Earnings1
Owner Earnings Yield16
Dividend Yield45
Price/Sales33
EV / Gross Profit24
Price/Book54
Return on Capital13
Cash Return on Capital16
Return on Equity11
EBIT Margin45
Gross Profitability9
Cash Conversion98
Accruals87
Owner Earnings Margin16
Sales growth25
Profit Growth85
Long-Term EPS Growth96
Reinvestment36
Price momentum77
Debt load35
Refinancing32
Debt Payback3
Liquidity32
Analyst ratings15
Opinion Changes53
Price Target Upside27
Market mood3
Value Creation8/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Kering clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountryFrance
IndustryTextiles, Apparel & Luxury Goods
SizeX-Large
TypePublic Company
ExchangeENXTPA
Employees3,574
ISINFR0000121485
Last UpdateApr 2, 2026
Themes
Green Consumer GoodsLifestyleFashionJewelry

Description

Kering SA manages the development of a series of renowned houses in fashion, leather goods and jewelry. Business Segments The company operates through Luxury Fashion, Leather Goods, and Jewelry and Watches segments. Luxury Fashion This segment em…

Analysis

Hope premium

Kering SA is priced well ahead of what the underlying numbers justify, a pattern we describe as a hope premium.

On valuation, the picture is expensive. The owner-earnings multiple stands at 203.1×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around 38% a year, against analyst forecasts of 42%. The price, in other words, assumes less than the experts do.

Growth is solid; the safety picture is stretched. The company scores 8/20 on our value-creation score: creating some value. Analyst sentiment is cautious.

No flags apply to this company at this time: accounts, balance sheet, and cash quality all pass. A clean bill of health is meaningful, not just the absence of a warning. This analysis describes numbers; it is not investment advice.

360° rank · history

1007550250
8
2023202420252026

All-time high

31

Mar 2026

All-time low

3

Jan 2023

Average rank

12

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
33
28
21
15
Price/Earnings
16
31
57
29
Price/Book
54
38
32
22
Dividend Yield
45
42
60
43
Value (overall)
37
32
37
23

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →