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Kering SA
(KER)
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Rating:54Neutral
Price Target:
€299.00
▲(23.40% Upside)
Action:Reiterated
Date:07/30/26
The score is primarily held back by weakened financial performance (sharp margin compression, lower operating cash flow, and higher leverage). Technicals are a relative support with the stock trading above major moving averages, but valuation remains a significant headwind given the extremely high P/E and only modest dividend yield.
Positive Factors
Brand Portfolio
Kering’s ownership of multiple top-tier luxury houses (Gucci, Saint Laurent, Bottega Veneta, Balenciaga) provides durable pricing power, brand equity and category diversification. These franchises support steady demand, licensing optionality and long-run margin resilience across cycles.
Negative Factors
Margin Compression
Profitability has deteriorated materially, with net margin collapsing to ~0.5% and EBIT margin falling to ~11.1%. Sustained margin pressure reduces cash flow conversion and limits reinvestment capacity, making recovery dependent on mix, pricing or cost restructuring.
Read all positive and negative factors
Positive Factors
Negative Factors
Brand Portfolio
Kering’s ownership of multiple top-tier luxury houses (Gucci, Saint Laurent, Bottega Veneta, Balenciaga) provides durable pricing power, brand equity and category diversification. These franchises support steady demand, licensing optionality and long-run margin resilience across cycles.
Read all positive factors
Kering SA (KER) vs. iShares MSCI France ETF (EWQ)
Market Cap
€34.74B
Dividend Yield1.83%
Average Volume (3M)361.83K
Price to Earnings (P/E)―
Beta (1Y)1.61
Revenue Growth-9.23%
EPS Growth-129.21%
CountryFR
Employees42,565
SectorGeneral
Sector StrengthN/A
IndustryLuxury Goods
Share Statistics
EPS (TTM)-1.73
Shares Outstanding123,420,780
10 Day Avg. Volume399,670
30 Day Avg. Volume361,831
Financial Highlights & Ratios
PEG Ratio-5.45
Price to Book (P/B)2.50
Price to Sales (P/S)2.50
P/FCF Ratio21.84
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€266.92Price Target Upside10.16% Upside
Rating ConsensusHold
Number of Analyst Covering12
EPS Forecast (FY)6.48
Revenue Forecast (FY)€14.75B
Kering SA Business Overview & Revenue Model
Company Description
Kering S.A. is a prominent French luxury group specializing in the end-to-end creation, production, and distribution of high-end apparel and accessories. Its extensive product portfolio encompasses footwear, a diverse range of leather goods (such ...
How the Company Makes Money
Kering makes money primarily by selling luxury goods and related products under its owned brands. Its core revenue stream is the sale of luxury items—especially leather goods, ready-to-wear apparel, footwear, handbags, and accessories—generated th...
Kering SA Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
55
Neutral
Cash Flow
58
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 14.31B | 14.68B | 17.19B | 19.57B | 20.35B | 17.65B |
| Gross Profit | 10.29B | 7.88B | 12.68B | 14.93B | 15.20B | 13.07B |
| EBITDA | 3.53B | 3.67B | 4.67B | 6.43B | 7.00B | 6.15B |
| Net Income | -213.00M | 72.00M | 1.13B | 2.98B | 3.61B | 3.18B |
Balance Sheet | ||||||
| Total Assets | 39.82B | 41.18B | 43.35B | 41.37B | 33.94B | 31.07B |
| Cash, Cash Equivalents and Short-Term Investments | 8.48B | 4.31B | 3.56B | 3.92B | 4.34B | 5.25B |
| Total Debt | 17.91B | 23.60B | 20.14B | 17.82B | 11.19B | 9.59B |
| Total Liabilities | 24.46B | 25.67B | 27.62B | 25.36B | 19.16B | 17.33B |
| Stockholders Equity | 14.48B | 14.71B | 14.90B | 15.21B | 14.00B | 13.35B |
Cash Flow | ||||||
| Free Cash Flow | 2.58B | 1.68B | 1.40B | 1.85B | 3.21B | 3.94B |
| Operating Cash Flow | 3.40B | 2.51B | 4.71B | 4.46B | 4.28B | 4.88B |
| Investing Cash Flow | 4.07B | 1.17B | -3.19B | -7.30B | -2.77B | -451.50M |
| Financing Cash Flow | -3.13B | -2.76B | -1.90B | 2.38B | -2.14B | -2.93B |
Kering SA Technical Analysis
Positive
242.30
Price Trends
260.31
Positive
252.74
Positive
268.85
Positive
Market Momentum
9.27
Negative
59.75
Neutral
77.37
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:KER, the sentiment is Positive. The current price of 242.3 is below the 20-day moving average (MA) of 265.71, below the 50-day MA of 260.31, and below the 200-day MA of 268.85, indicating a bullish trend. The MACD of 9.27 indicates Negative momentum. The RSI at 59.75 is Neutral, neither overbought nor oversold. The STOCH value of 77.37 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FR:KER.
Kering SA Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | €172.09B | 38.14 | 25.52% | 1.15% | 2.75% | 0.80% | |
70 Outperform | €237.54B | 21.81 | 16.39% | 2.82% | -3.83% | -0.26% | |
64 Neutral | €79.38B | 17.30 | 18.84% | 3.25% | -3.83% | -0.09% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | €2.43B | 30.37 | 4.08% | 3.30% | -5.01% | -35.79% | |
54 Neutral | €34.74B | -163.87 | 0.49% | 2.14% | -9.23% | -129.21% |
* General Sector Average
FR:KER
Kering SA
283.50
73.36
34.91%
FR:RMS
Hermes International
1,643.50
-382.09
-18.86%
FR:CDI
Christian Dior
436.60
7.22
1.68%
FR:MC
LVMH Moet Hennessy Louis Vuitton
478.80
32.84
7.36%
FR:RCO
Remy Cointreau
46.16
-6.61
-12.53%
FR:DPT
ST Dupont SA
0.09
-0.01
-11.22%
Kering SA Corporate Events
Kering Publishes 2026 Half-Year Financial Report Online
Jul 28, 2026
Kering has released its Half-Year Financial Report for the period ending June 30, 2026, making the document publicly available via the finance section of its corporate website for investors, analysts, and other stakeholders. The publication of the...
Kering Returns to Growth as Gucci and Jewelry Drive Margin Gains and Debt Cut
Jul 28, 2026
Kering reported first-half 2026 revenue of 7.22 billion euros, up 1% on a comparable basis despite ongoing store rationalization, while second-quarter sales rose 2% comparably to 3.65 billion euros on the back of a notable acceleration in Gucci...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.