KER.PA - Kering SA

Paris - Paris Delayed price. Currency in EUR
541.40
+0.10 (+0.02%)
At close: 5:35PM CET
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Previous close541.30
Open541.30
Bid0.00 x 0
Ask0.00 x 0
Day's range539.80 - 548.70
52-week range377.60 - 552.20
Volume164,798
Avg. volume221,706
Market cap67.707B
Beta (3Y monthly)1.14
PE ratio (TTM)35.24
EPS (TTM)15.36
Earnings date10 Feb 2020 - 14 Feb 2020
Forward dividend & yield10.50 (1.94%)
Ex-dividend date2019-05-02
1y target est524.67
  • Despite Its High P/E Ratio, Is Kering SA (EPA:KER) Still Undervalued?
    Simply Wall St.

    Despite Its High P/E Ratio, Is Kering SA (EPA:KER) Still Undervalued?

    This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios...

  • France's King of Bling Has $20 Billion to Play With
    Bloomberg

    France's King of Bling Has $20 Billion to Play With

    (Bloomberg Opinion) -- Like expensive gems, luxury goods companies have scarcity value. If Bernard Arnault’s LVMH Moet Hennessy Louis Vuitton SE is allowed to get its hands on Tiffany & Co., the American jeweler is unlikely to come up for sale again. That’s something LVMH’s biggest rivals, Kering SA and Cie Financiere Richemont SA, might want to consider carefully.Financially they could both afford to make counterbids for Tiffany. An offer from either Cartier-owning Richemont or Gucci-owning Kering at the $120 per share price proposed by Arnault would lift their net debt to about 2.5 times Ebitda. That’s not too much of a stretch. Kering also has a 15.7% stake in sportswear maker Puma, worth about $1.8 billion, which it could reuse on something more promising.Both companies are no doubt extremely wary of taking on someone with such deep (and well-tailored) pockets as Arnault. But it’s a hard fight to sit out. Of the two, Richemont has most to lose from an LVMH-Tiffany tie up. The combined Franco-American group would take the Swiss giant’s position as the global leader in luxury jewelry, according to Bloomberg Intelligence.Arnault has a track record of turbocharging the brands he adds to his stable. Take the jeweler Bulgari, which has more than doubled its revenue since being bought by LVMH in 2011, according to analysts at Royal Bank of Canada. If LVMH repeated that trick with Tiffany, it would seriously challenge Richemont’s flagship Cartier brand.It would be a leap for Richemont to take on a lot more debt, especially when it’s still integrating the acquisition of online retailer Yoox Net-a-Porter and is developing a web joint venture with Alibaba Group Holdings Ltd. But these distractions might explain Arnault’s tactics in striking now for Tiffany.As for Francois-Henri Pinault’s Kering, it has lived with higher leverage in the past, although it tried to stick within a range of 1-2 times Ebitda. It certainly has room to expand in jewelry. Along with watches, the category accounted for just 6.8% of its sales in 2018. But many of Tiffany’s products are in the so-called “accessible” luxury segment (sometimes priced at about $1,000 or below), which Kering has been moving away from. The French group got rid of most of its stake in Puma last year to focus on the high-end stuff.Another problem for both rivals is that any counterbid would have to be above the $120 per share on the table, and would probably provoke a response from Arnault. The final purchase price would be even more of a stretch. LVMH has a “balance sheet war chest” of more than $20 billion, according to Deborah Aitken of Bloomberg Intelligence.Of course, a competing bid could be funded partly with shares, but Tiffany might well prefer cash.If Richemont and Kering can’t be enticed, the American company will have to persuade LVMH that it’s worth more without the help of an interloper bidding up the price. With its sales going in the wrong direction that looks difficult. But auction or not, it’s Tiffany’s job to make Arnault pay up.\--With assistance from Chris Hughes.To contact the author of this story: Andrea Felsted at afelsted@bloomberg.netTo contact the editor responsible for this story: James Boxell at jboxell@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Andrea Felsted is a Bloomberg Opinion columnist covering the consumer and retail industries. She previously worked at the Financial Times.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Reuters - UK Focus

    LIVE MARKETS-Closing snapshot: Bourses flat as EU agrees Brexit delay

    * Swiss Market Index hits record high Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Julien Ponthus. Main European bourses closed flat today after the EU agreed in principle to delay Brexit but set no new departure date.

  • Kering shares surge as Gucci shines despite Hong Kong protests
    Reuters

    Kering shares surge as Gucci shines despite Hong Kong protests

    Kering led a luxury goods share rally on Friday after its star fashion label Gucci posted stronger-than-expected sales, demonstrating how some brands have so far managed to counter the hit from protests in Hong Kong. Moncler shares were also rising, up 6% after the Italian puffer jacket maker's third quarter sales beat expectations. The firms joined rivals such as LVMH's Louis Vuitton and Hermes in easing fears of a major hit from months of pro-democracy demonstrations in Hong Kong that have caused them to temporarily close shops and which have kept tourists away.

  • Luxury stocks drive fifth day of gains in Europe
    Reuters

    Luxury stocks drive fifth day of gains in Europe

    Europe's retail index gained 1.2%, leading gains among major subsectors. The food and beverage sector led losses on Friday, however, after brewer AB InBev provided a cautious outlook and reported weaker-than-expected quarterly earnings growth, sparked by reduced demand for its beer in Brazil and South Korea. "You have a mechanical effect from that 10% decline in AB InBev, but you can't really generalize.

  • Gucci, Moncler post solid growth despite Hong Kong turmoil
    Reuters

    Gucci, Moncler post solid growth despite Hong Kong turmoil

    PARIS/MILAN (Reuters) - Kering's Gucci brand and Italian jacket maker Moncler joined other luxury labels on Thursday in easing fears of a major third quarter sales hit from protests in Hong Kong, as they benefited from brisk business across the rest of Asia. Birkin-handbag maker Hermes and LVMH , which owns Louis Vuitton, have also managed to largely make up for lost business in the Chinese-ruled city, where months of pro-democracy demonstrations have put off tourists and shoppers. The brands were still penalised to some degree, after being forced to temporarily close shops, with Moncler's sales down 40% in Hong Kong in the third quarter and those across the Kering conglomerate as a whole falling 35%.

  • Kering SA (EPA:KER) Earns A Nice Return On Capital Employed
    Simply Wall St.

    Kering SA (EPA:KER) Earns A Nice Return On Capital Employed

    Today we are going to look at Kering SA (EPA:KER) to see whether it might be an attractive investment prospect...

  • Reuters - UK Focus

    LIVE MARKETS-Closing snapshot: A ray of light on Brexit and trade

    * European indices, Wall Street rise * UK and Ireland issue positive statement on Brexit * US Chamber sees possible US-China currency deal, tariff hike delay * Pan European STOXX 600 closes up 0.7% * Miners, cars and banks lead sectoral gainers * Luxury shines after LVMH, Dior results * UK-listed packaging companies hit by Mondi results Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Thyagaraju Adinarayan. Reach him on Messenger to share your thoughts on market moves: rm://thyagaraju.adinarayan.thomsonreuters.com@reuters.net CLOSING SNAPSHOT: A RAY OF LIGHT ON BREXIT AND TRADE (1554 GMT) "Expectations there will be a partial (trade) deal and rumours of progress being made in Brexit talks are boosting stocks, while depressing bonds," a trader just told us.

  • Reuters - UK Focus

    LIVE MARKETS-LVMH on track for best year since 2010

    * European indices choppy ahead of U.S.-China trade talks * China urges U.S. to halt pressure on Chinese companies, including Huawei * STOXX 600 down 0.2%, DAX flat, FTSE down 0.1% * Luxury shines after LVMH, Dior results * Cars, miners only gainers * UK-listed packaging companies hit by Mondi results Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Thyagaraju Adinarayan. Reach him on Messenger to share your thoughts on market moves: rm://thyagaraju.adinarayan.thomsonreuters.com@reuters.net LVMH ON TRACK FOR BEST YEAR SINCE 2010 LVMH shares' rally (+5.4% at the moment) puts the company on track for its best year since 2010, but investors' luxury euphoria could chill on the news that sales in Hong Kong dropped about 25% in the quarter.

  • Reuters - UK Focus

    LIVE MARKETS-Opening snapshot: Carefully off the back foot

    Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Julien Ponthus. Reach him on Messenger to share your thoughts on market moves: julien.ponthus.thomsonreuters.com@reuters.net OPENING SNAPSHOT: CAREFULLY OFF THE BACK FOOT (0840 GMT) European stock markets opened in the red and slightly worse than what futures or spreabetters indications had initially suggested.

  • At €442, Is Kering SA (EPA:KER) Worth Looking At Closely?
    Simply Wall St.

    At €442, Is Kering SA (EPA:KER) Worth Looking At Closely?

    Today we're going to take a look at the well-established Kering SA (EPA:KER). The company's stock received a lot of...

  • Luxury leader LVMH, in green mode, laments Thunberg's pessimism
    Reuters

    Luxury leader LVMH, in green mode, laments Thunberg's pessimism

    Environmental activist Greta Thunberg's discourse on climate change was overly pessimistic and demoralizing for young people, LVMH boss Bernard Arnault said on Wednesday, as the group behind brands like Louis Vuitton raised its "green" goals. LVMH, the world's biggest luxury goods conglomerate, which like its peers is seeking to improve its environmental credentials and keep young consumers onside, said it was further cutting emissions and improving sourcing on materials like animal fur.

  • Corrected: Luxury group Kering trims Puma stake with 500 million euro bond
    Reuters

    Corrected: Luxury group Kering trims Puma stake with 500 million euro bond

    French luxury group Kering moved to reduce its remaining stake in Puma on Wednesday by issuing bonds that can be exchanged for shares in the German sportswear brand. Kering, which owns fashion brands like Gucci, Saint Laurent and Balenciaga, still has a 15.7% stake after spinning off 70% of Puma to its shareholders last year.

  • Luxury group Kering trims Puma stake with 500 million euro bond
    Reuters

    Luxury group Kering trims Puma stake with 500 million euro bond

    French luxury group Kering moved to reduce its remaining stake in Puma on Wednesday by issuing bonds that can be exchanged for shares in the German sportswear brand. Kering, which owns fashion brands like Gucci, Saint Laurent and Balenciaga, still has a 15.7% stake after spinning off 70% of Puma to its shareholders last year.

  • Luxury group Kering trims Puma stake with 500 mln euro bond
    Reuters

    Luxury group Kering trims Puma stake with 500 mln euro bond

    French luxury group Kering moved to reduce its remaining stake in Puma on Wednesday by issuing bonds that can be exchanged for shares in the German sportswear brand. Kering, which owns fashion brands like Gucci, Saint Laurent and Balenciaga, still has a 15.7% stake after spinning off 70% of Puma to its shareholders last year. In recent years Kering has increasingly focused on its high-margin luxury businesses, but even within this portfolio it has disposed of smaller brands like Christopher Kane.

  • Does Kering (EPA:KER) Have A Healthy Balance Sheet?
    Simply Wall St.

    Does Kering (EPA:KER) Have A Healthy Balance Sheet?

    David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

  • Want To Invest In Kering SA (EPA:KER)? Here's How It Performed Lately
    Simply Wall St.

    Want To Invest In Kering SA (EPA:KER)? Here's How It Performed Lately

    In this article, I will take a look at Kering SA's (EPA:KER) most recent earnings update (30 June 2019) and compare...

  • Is Kering's (EPA:KER) Share Price Gain Of 174% Well Earned?
    Simply Wall St.

    Is Kering's (EPA:KER) Share Price Gain Of 174% Well Earned?

    It might be of some concern to shareholders to see the Kering SA (EPA:KER) share price down 17% in the last month. But...

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