Interparfums (ITP) AI Stock Analysis

• Market Cap: €2.77B
• Dividend Yield: 2.98%
• Average Volume (3M): 36.54K
• Price to Earnings (P/E): 20.4
• Beta (1Y): 1.05
• Revenue Growth: 10.27%
• EPS Growth: 8.20%
• Country: FR
• Employees: 353
• Sector: Consumer Cyclical
• Sector Strength: 54
• Industry: Household & Personal Products
• EPS (TTM): 0.72
• Shares Outstanding: 83,727,850
• 10 Day Avg. Volume: 47,572
• 30 Day Avg. Volume: 36,541
• PEG Ratio: 0.64
• Price to Book (P/B): 5.12
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 3.11K
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: €46.00
• Price Target Upside: 40.42% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3

• Rating: 80 Outperform
• Price Target: €43.00 ▲(31.26%Upside)

Interparfums receives a strong overall score due to its solid financial performance, characterized by robust growth and profitability. While technical analysis suggests mixed momentum, the valuation remains reasonable with a good dividend yield. These factors collectively present a balanced investment opportunity.

Positive Factors

Earnings

Favorable earnings momentum is anticipated with +10% topline growth and expected EPS growth to accelerate to the high-single digits.

Financial Performance

The company's fundamentals remain solid and the momentum of forthcoming publications should be positive.

Sales Performance

Interparfums published solid Q3 sales, reflecting a strong performance mainly for Lacoste, Jimmy Choo and Montblanc.

Negative Factors

Project Development

Regarding Moncler, the company had previously mentioned a major distribution expansion that would have led to high revenue development potential, but this project was ceased.

Interparfums Business Overview & Revenue Model

Company Description

Interparfums SA creates, manufactures, and distributes perfumes through proprietary basis or license agreements with brands in ready-to-wear, fashion, jewelry, and accessories sectors. It serves customers under Boucheron, Coach, Jimmy Choo, Karl Lagerfeld, Kate Spade, Lanvin, Montblanc, Moncler, Paul Smith, Repetto, Rochas, S.T. Dupont, Van Cleef & Arpels, and other brand names. The company distributes its products through wholly owned distribution subsidiaries or joint ventures, independent companies, subsidiaries of luxury good corporations, and duty-free operators worldwide. Interparfums SA was founded in 1982 and is headquartered in Paris, France. Interparfums SA is a subsidiary of Interparfums Holding SA.

How the Company Makes Money

Interparfums makes money primarily through the development, production, and distribution of fragrance products under licensing agreements with prestigious brands. These licensing agreements allow Interparfums to create and market perfumes under well-established brand names, which typically involves paying royalties to the brand owners based on sales. The company's revenue streams are driven by wholesale distribution to department stores, specialty retailers, and duty-free shops, as well as direct sales through brand boutiques. Key partnerships with luxury brands enable Interparfums to capitalize on brand equity and consumer loyalty, contributing significantly to its earnings. Additionally, the company's strategic expansion into new markets and collaborations with emerging brands further bolster its revenue potential.

Interparfums Financial Statement Overview

Summary

Interparfums showcases strong financial performance with robust revenue growth, healthy profit margins, and effective cash flow management. A solid balance sheet with low leverage and a high equity ratio provides financial stability.

Income Statement

Interparfums has shown robust revenue growth with a 10.3% increase from 2023 to 2024. Gross Profit Margin is strong at 65.6%, and the Net Profit Margin is healthy at 14.7%. The company also maintains strong EBIT and EBITDA margins at 20.2% and 22.8% respectively, indicating strong operational efficiency and profitability.

Balance Sheet

The balance sheet is solid with a low Debt-to-Equity Ratio of 0.21, indicating prudent use of leverage. The Return on Equity is impressive at 18.6%, reflecting efficient use of equity capital. The Equity Ratio is high at 67.5%, suggesting a strong equity base relative to assets, which provides stability.

Cash Flow

Interparfums demonstrates exceptional cash flow management with a significant Free Cash Flow growth rate of 185.8% from 2023 to 2024. The Operating Cash Flow to Net Income Ratio is 0.83, and the Free Cash Flow to Net Income Ratio is 0.67, highlighting strong cash conversion and financial flexibility.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	880.49M	798.48M	706.62M	560.83M	367.37M
Gross Profit	577.79M	516.07M	472.28M	365.64M	227.07M
EBITDA	200.51M	183.51M	154.21M	117.16M	65.14M
Net Income	129.87M	118.74M	99.52M	71.09M	30.70M
Balance Sheet
Total Assets	1.03B	968.19M	987.98M	822.01M	616.79M
Cash, Cash Equivalents and Short-Term Investments	190.64M	146.21M	235.76M	257.68M	228.16M
Total Debt	147.47M	138.11M	159.96M	125.44M	19.99M
Total Liabilities	334.36M	324.52M	393.33M	278.68M	122.68M
Stockholders Equity	697.02M	641.00M	592.46M	541.41M	492.49M
Cash Flow
Free Cash Flow	87.18M	30.51M	975.00K	-50.23M	35.32M
Operating Cash Flow	107.71M	84.51M	78.82M	77.17M	45.99M
Investing Cash Flow	-18.16M	34.02M	-74.37M	-164.31M	-19.27M
Financing Cash Flow	-45.21M	-117.54M	-24.41M	78.58M	-817.00K

Interparfums Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 32.76
• 50DMA: Negative
• 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 FR:ITP, the sentiment is Negative. The current price of 32.76 is below the 20-day moving average (MA) of 33.89, below the 50-day MA of 33.16, and below the 200-day MA of 35.52, indicating a bearish trend. The MACD of -0.12 indicates Positive momentum. The RSI at 41.18 is Neutral, neither overbought nor oversold. The STOCH value of 23.65 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FR:ITP.

Interparfums Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ITP	80 Outperform	€2.77B	20.41	19.41%	2.98%	10.27%	8.20%
Sector *	62 Neutral	$16.34B	10.69	-6.34%	3.17%	1.66%	-24.46%
HESAF		$277.42B	55.39	28.67%	3.87%	―	―
0NPL		€75.20B	14.65	22.73%	3.07%	―	―
0IIH		€21.68B	19.32	7.52%	7.86%	―	―
0NZM		€189.20B	29.70	20.60%	1.71%	―	―
0HAU		€222.20B	18.05	19.53%	2.94%	―	―

Interparfums Corporate Events

Interparfums Acquires Maison Goutal to Expand Haute Parfumerie Portfolio

Interparfums has announced the acquisition of all intellectual property rights related to the Maison Goutal brand from Amorepacific Europe. This move is part of Interparfums’ strategy to expand its product offerings into the Haute Parfumerie segment, leveraging Goutal’s established reputation for refined and poetic creations. The acquisition is expected to enhance Interparfums’ positioning in the luxury fragrance market, with Camille Goutal continuing to influence the brand’s olfactory direction to maintain its heritage.