Added to YB: 2026-07-27
Pitch date: 2026-07-23
KER.PA [neutral]
Kering SA
Author Info
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Company Info
Kering SA manages the development of a collection of renowned houses in fashion, leather goods, and jewelry in the Asia Pacific, Western Europe, North America, Japan, and internationally.
Market Cap
EUR 29.3B
Pitch Price
N/A
Price Target
N/A
Dividend
1.26%
EV/EBITDA
12.24
P/E
-1.0K
EV/Sales
3.02
Sector
Textiles, Apparel and Luxury Goods
Category
turnaround
Kering: What now after the 'the rich don’t know any crises' burst?
KER.PA (watchlist): Luxury darling collapsed, -66% from highs, back to 25yr-ago levels. Gucci imploded: sales -33% from peak, op income below 2015. Mgmt admits 'model no longer effective,' targets growth+margins simultaneously (unproven). EV €35B; true FCF just €600M after leases = 60x, not cheap. Prefers a smaller, cleaner competitor turnaround. 'Show me' story.
Read full article (9 min)