Interparfums (ITP) AI Stock Analysis

• Market Cap: €2.14B
• Dividend Yield: 3.66%
• Average Volume (3M): 45.52K
• Price to Earnings (P/E): 15.2
• Beta (1Y): 1.01
• Revenue Growth: 9.68%
• EPS Growth: 19.46%
• Country: FR
• Employees: 353
• Sector: General
• Sector Strength: N/A
• Industry: Household & Personal Products
• EPS (TTM): 0.96
• Shares Outstanding: 83,795,090
• 10 Day Avg. Volume: 41,035
• 30 Day Avg. Volume: 45,522
• PEG Ratio: -2.41
• Price to Book (P/B): 4.25
• Price to Sales (P/S): 3.36
• P/FCF Ratio: 33.95
• 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: €30.00
• Price Target Upside: 19.52% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 78 Outperform
• Price Target: €30.00 ▲(19.52% Upside)

The score is driven primarily by strong financial performance (healthy growth, margins, low leverage, and exceptional free cash flow growth). Valuation is supportive with a moderate P/E and a solid dividend yield, while the technical picture is only moderate due to negative MACD and the stock remaining below longer-term moving averages.

Positive Factors

Exceptional free cash flow generation

Interparfums' outsized FCF growth and strong cash conversion metrics indicate the company reliably turns earnings into cash. Over months this supports reinvestment in product development, dividend capacity, and strategic flexibility, lowering funding risk and enabling sustainable growth initiatives.

High and sustainable margins

Consistently strong gross and operating margins imply durable pricing power and efficient cost structure across fragrance design, production and licensing. These margins underpin profitability resilience through product cycles and fund marketing and R&D to sustain brand competitiveness long-term.

Conservative balance sheet and strong ROE

Low leverage and a high equity ratio reduce refinancing and solvency risk while an elevated ROE reflects efficient capital use. This financial strength allows for opportunistic investment or M&A, preserves dividend capacity, and improves resilience to macro shocks over the medium term.

Negative Factors

Revenue dependent on licensing partners

A business model centred on third-party licensing concentrates revenue risk in partner brand performance, renewals and co-marketing execution. Structural dependence limits direct consumer control and exposes Interparfums to contract negotiation and reputation risks that can affect multi-quarter revenue stability.

Sales reliant on seasonal and limited launches

Heavy reliance on hit product launches and seasonality creates cyclicality in sales and cash flows. Maintaining growth requires continuous innovation and marketing investment; failure to deliver new successful launches can materially reduce revenue momentum across several quarters.

Limited forward disclosure from management

The absence of published guidance and lack of earnings highlights reduces visibility into strategic priorities and near-term targets. For investors and partners this persistent opacity complicates forecasting, capital allocation assessment, and long-term confidence in management execution plans.

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 generates revenue primarily through the licensing of its fragrance brands. The company partners with well-known fashion houses and celebrities, creating perfumes that align with their brand identities. These partnerships allow ITP to earn royalties based on sales, providing a steady income stream. Additionally, the company sells its products through various channels, including department stores, specialty retailers, and e-commerce platforms, which contribute to direct sales revenue. The success of seasonal launches and limited edition fragrances also plays a significant role in boosting sales during peak shopping periods. Furthermore, ITP's strong brand portfolio and extensive distribution network enhance its market reach, thereby driving profitability.

Interparfums Financial Statement Overview

Summary

Strong fundamentals: revenue grew 10.3% (2023–2024), profitability is solid (gross margin 65.6%, net margin 14.7%, EBIT margin 20.2%), leverage is low (debt-to-equity 0.21), and cash generation is excellent with free cash flow up 185.8% and good cash conversion (OCF/NI 0.83; FCF/NI 0.67).

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	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	904.82M	880.49M	798.48M	706.62M	560.83M	367.37M
Gross Profit	594.94M	577.79M	516.07M	474.94M	365.64M	227.07M
EBITDA	222.58M	200.51M	192.15M	154.21M	117.16M	65.14M
Net Income	133.36M	129.87M	118.74M	99.52M	71.09M	30.70M
Balance Sheet
Total Assets	992.48M	1.03B	968.19M	987.98M	822.01M	616.79M
Cash, Cash Equivalents and Short-Term Investments	90.07M	190.64M	149.40M	235.76M	257.68M	228.16M
Total Debt	176.88M	147.47M	138.11M	159.96M	125.44M	19.99M
Total Liabilities	311.70M	334.36M	324.52M	393.33M	278.68M	122.68M
Stockholders Equity	679.63M	697.02M	641.00M	592.46M	541.41M	492.49M
Cash Flow
Free Cash Flow	112.61M	87.18M	30.51M	975.00K	-50.23M	35.32M
Operating Cash Flow	129.00M	107.71M	84.51M	78.82M	77.17M	45.99M
Investing Cash Flow	-52.53M	-18.16M	34.02M	-74.37M	-164.31M	-19.27M
Financing Cash Flow	-39.76M	-45.21M	-117.54M	-24.41M	78.58M	-817.00K

Interparfums Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 25.10
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• 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 Neutral. The current price of 25.1 is below the 20-day moving average (MA) of 25.40, above the 50-day MA of 25.04, and below the 200-day MA of 29.93, indicating a neutral trend. The MACD of 0.06 indicates Negative momentum. The RSI at 51.00 is Neutral, neither overbought nor oversold. The STOCH value of 67.17 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for FR:ITP.

Interparfums Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RMS	79 Outperform	€212.32B	47.42	27.36%	1.24%	10.31%	0.54%
ITP	78 Outperform	€2.14B	15.20	20.31%	3.66%	9.68%	19.46%
OR	71 Outperform	€206.05B	33.87	20.13%	1.91%	2.60%	-5.44%
CDI	64 Neutral	€92.37B	20.23	19.54%	2.33%	-3.24%	-21.65%
MC	63 Neutral	€271.86B	24.81	16.88%	2.06%	-3.24%	-21.24%
KER	62 Neutral	€32.38B	44.18	4.91%	2.03%	-14.56%	-64.91%
Sector *	55 Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%