Birkenstock Holding plc (BIRK) AI Stock Analysis

• Market Cap: $7.81B
• Dividend Yield: N/A
• Average Volume (3M): 2.57M
• Price to Earnings (P/E): 20.4
• Beta (1Y): 1.07
• Revenue Growth: 18.86%
• EPS Growth: 88.29%
• Country: US
• Employees: 6,200
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Apparel - Footwear & Accessories
• EPS (TTM): 0.60
• Shares Outstanding: 183,906,050
• 10 Day Avg. Volume: 3,940,996
• 30 Day Avg. Volume: 2,570,672
• PEG Ratio: 0.20
• Price to Book (P/B): 2.25
• Price to Sales (P/S): 3.43
• P/FCF Ratio: 24.02
• Enterprise Value/Market Cap: 1.03
• Enterprise Value/Revenue: 3.82
• Enterprise Value/Gross Profit: 6.46
• Enterprise Value/Ebitda: 11.50
• 1Y Price Target: $61.14
• Price Target Upside: 44.03% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 13
• EPS Forecast (FY): 2.46
• Revenue Forecast (FY): $2.81B

• Rating: 77 Outperform
• Price Target: $48.00 ▲(13.07% Upside)

Birkenstock's strong financial performance and positive earnings call are the primary drivers of its stock score. While technical indicators suggest some caution, the company's robust growth and expansion plans support a favorable outlook. Valuation is moderate, reflecting a balanced risk-reward profile.

Positive Factors

Revenue Growth

Consistent revenue growth indicates strong market demand and effective sales strategies, supporting long-term business expansion.

Cash Generation

Strong cash generation supports future investments and operational flexibility, ensuring sustained business growth and stability.

Market Expansion

Expanding retail presence enhances brand visibility and accessibility, driving long-term revenue growth and market penetration.

Negative Factors

FX Impact

Currency fluctuations can negatively impact revenue and margins, posing a risk to financial performance and profitability.

Tariff Challenges

Increased tariffs can pressure profit margins and raise operational costs, affecting long-term financial health and competitiveness.

Capacity Constraints

Production constraints limit the ability to meet growing demand, potentially hindering revenue growth and market share expansion.

Birkenstock Holding plc Business Overview & Revenue Model

Company Description

Birkenstock Holding plc manufactures and sells footwear products. It also offers sandals, shoes, closed-toe silhouettes, skincare products, and accessories. The company sells its products through e-commerce sites and a network of owned retail stores, as well as business-to-business channels. It operates in the United States, Brazil, Canada, Mexico, Europe, APMA, and internationally. Birkenstock Holding plc was founded in 1774 and is based in London, the United Kingdom. Birkenstock Holding plc is a subsidiary of BK LC Lux MidCo S.à r.l.

How the Company Makes Money

Birkenstock generates revenue primarily through the sale of its footwear products, which are distributed through various channels including retail stores, e-commerce platforms, and wholesale partnerships with third-party retailers. Key revenue streams include direct-to-consumer sales from their own branded stores and online platforms, as well as sales through licensed retailers worldwide. The company also benefits from seasonal collections and collaborations with fashion brands that enhance brand visibility and attract new customer segments. Additionally, the growing trend of comfort-oriented lifestyle products has contributed to increased demand for Birkenstock's offerings, solidifying its position in the market.

Birkenstock Holding plc Financial Statement Overview

Summary

Birkenstock Holding plc shows strong financial performance with robust revenue growth, high profitability margins, and solid cash flow generation. The balance sheet is stable with moderate leverage, supporting future growth.

Income Statement

Birkenstock Holding plc has demonstrated strong revenue growth with a 3.48% increase in the latest year, supported by a solid gross profit margin of 61.05%. The company has maintained a healthy net profit margin of 18.33%, indicating efficient cost management. EBIT and EBITDA margins are robust at 26.01% and 34.69%, respectively, reflecting strong operational performance. Overall, the income statement shows a positive growth trajectory and profitability.

Balance Sheet

The balance sheet of Birkenstock Holding plc reflects a stable financial position with a debt-to-equity ratio of 0.41, indicating moderate leverage. The return on equity stands at 12.02%, showcasing effective utilization of shareholder funds. The equity ratio is healthy, suggesting a strong capital structure. However, the company should monitor its debt levels to maintain financial stability.

Cash Flow

Birkenstock Holding plc's cash flow statement reveals a significant free cash flow growth rate of 42.5%, highlighting strong cash generation capabilities. The operating cash flow to net income ratio is 0.70, indicating efficient cash conversion. The free cash flow to net income ratio of 0.80 suggests a healthy cash flow relative to earnings. Overall, the cash flow position is strong, supporting future growth and investment.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	2.10B	2.10B	1.80B	1.49B	1.24B	962.13M
Gross Profit	1.24B	1.28B	1.06B	925.79M	749.80M	545.65M
EBITDA	696.93M	727.63M	503.67M	360.35M	423.14M	286.89M
Net Income	348.33M	348.33M	191.60M	75.02M	187.11M	116.44M
Balance Sheet
Total Assets	5.81B	5.81B	4.88B	4.83B	4.79B	4.27B
Cash, Cash Equivalents and Short-Term Investments	340.82M	340.82M	376.46M	354.06M	307.08M	235.34M
Total Debt	1.31B	1.31B	1.35B	1.98B	2.04B	1.89B
Total Liabilities	2.61B	2.61B	2.26B	2.43B	2.43B	2.20B
Stockholders Equity	3.20B	3.20B	2.63B	2.40B	2.36B	2.06B
Cash Flow
Free Cash Flow	316.48M	299.35M	354.80M	255.79M	161.54M	159.65M
Operating Cash Flow	403.28M	373.23M	428.70M	358.73M	234.14M	180.93M
Investing Cash Flow	-84.51M	-93.18M	-58.80M	-100.73M	-71.65M	-18.15M
Financing Cash Flow	-335.90M	-307.44M	-355.05M	-199.28M	-105.32M	-84.74M

Birkenstock Holding plc Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 42.45
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BIRK, the sentiment is Negative. The current price of 42.45 is below the 20-day moving average (MA) of 43.87, above the 50-day MA of 42.03, and below the 200-day MA of 47.51, indicating a neutral trend. The MACD of 0.32 indicates Positive momentum. The RSI at 47.25 is Neutral, neither overbought nor oversold. The STOCH value of 36.30 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BIRK.

Birkenstock Holding plc Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DECK	79 Outperform	$14.71B	14.97	43.31%	―	12.38%	18.43%
BIRK	77 Outperform	$7.81B	20.35	12.67%	―	18.86%	88.29%
SHOO	66 Neutral	$3.11B	54.31	6.68%	1.97%	6.26%	-66.51%
CROX	63 Neutral	$4.70B	29.54	11.82%	―	<0.01%	-77.31%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
WWW	58 Neutral	$1.45B	16.90	25.57%	2.28%	3.61%	―

Birkenstock Holding plc Corporate Events

Birkenstock Beats Fiscal 2025 Targets and Maps Double-Digit Growth Plan for 2026

On December 18, 2025, Birkenstock Holding plc reported strong results for its fiscal year ended September 30, 2025, with revenue rising 16% to €2.1 billion (18% in constant currency), ahead of guidance, and double‑digit growth in all regions and channels. Profitability improved despite currency and U.S. tariff headwinds: gross margin edged up to 59.1%, adjusted EBITDA increased 20% with margin expanding to 31.8%, and net profit surged 82% to €348 million, supported by higher average selling prices, a shift toward higher‑priced closed‑toe shoes, and better utilization of manufacturing capacity. The company continued to expand its footprint by opening 30 net new own‑retail stores to reach 97 globally, lifted APAC’s share of revenue, invested about €85 million in production capacity, trimmed net leverage to 1.5x after repurchasing €176 million of shares, and executed an early term‑loan repayment. For fiscal 2026, Birkenstock is targeting further double‑digit constant‑currency revenue growth, at least €700 million in adjusted EBITDA with margins still around 30% despite expected currency and tariff pressures, additional capex and around 40 new own stores, and plans for a new share repurchase program, signaling confidence in its growth trajectory and balance sheet strength.

Birkenstock to Announce Q4 and Full Year 2025 Financial Results

On November 18, 2025, Birkenstock Holding plc announced that it will release its financial results for the fourth quarter and full fiscal year 2025 on December 18, 2025. The company will also host a conference call and webcast for investors on the same day. This announcement is significant for stakeholders as it provides insights into the company’s financial performance and future outlook.

Birkenstock Acquires Australian Distributor to Boost APAC Growth

On October 15, 2025, Birkenstock Holding plc announced the acquisition of its long-standing distributor, Birkenstock Australia Pty. Ltd., aiming to ensure a seamless transition and unlock growth potential in the Australian market. This strategic move, involving investment in the business, is expected to enhance Birkenstock’s market presence in the APAC region and support the company’s growth strategy by leveraging the established distribution network and strong brand reputation in Australia.

Birkenstock Exceeds Revenue Expectations and Expands Manufacturing with New Acquisition

On September 25, 2025, Birkenstock Holding plc announced its fiscal year 2025 revenues are expected to reach at least €2.09 billion, surpassing previous guidance. The company also reaffirmed its adjusted EBITDA guidance despite currency headwinds. Additionally, Birkenstock acquired a production facility near Dresden, Germany, for €18 million, which will enhance its manufacturing capacity and support revenue growth. This acquisition, expected to close by the fiscal first quarter of 2026, is part of Birkenstock’s strategy to expand its operations in the European Union.