Added to YB: 2026-07-27
Pitch date: 2026-07-23
KER.PA [neutral]
Kering SA
+3.08%
current return
Author Info
Financial Engineering shares stock pitches in concise 12-page reports. Visit the website.
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 30.0B
Pitch Price
EUR 237.10
Price Target
N/A
Dividend
1.23%
EV/EBITDA
11.26
P/E
-93.14
EV/Sales
2.79
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)