회사 개요
Capri Holdings Limited is a global enterprise focused on the design, marketing, distribution, and retail of branded women's and men's apparel, footwear, and accessories across the United States, Canada, Latin America, Europe, the Middle East, Africa, Asia, and Oceania. The company operates within the Consumer Cyclical sector, specifically within the Luxury Goods industry, positioning it as a provider of high-end fashion items to consumers with significant disposable income. As of the latest data, Capri Holdings holds a market capitalization of $2.36 billion and generates annual revenue of $4.33 billion, employing approximately 9,700 individuals worldwide. These financial figures indicate that the company maintains a substantial mid-cap presence in the luxury market, reflecting a significant scale of operations that allows for extensive global reach despite the challenges faced by the consumer discretionary sector.
재무 건전성
The company reported a trailing twelve-month revenue of $4.33 billion, accompanied by a net income of -$1,154,000,000 and an EBITDA of $189.00 million. The substantial gap between the positive revenue figure and the negative net income reveals a severe cost structure issue, where operating expenses and taxes have exceeded earnings before interest and taxes to the extent that the bottom line turned sharply negative. However, the entity generated positive free cash flow of $153.12 million, which provides a degree of financial flexibility to fund operations or pursue strategic initiatives despite the accounting loss. The gross margin stands at 62.8%, indicating that the company retains a healthy portion of revenue after the cost of goods sold, while the operating margin is 5.7%, suggesting moderate efficiency in managing overhead costs relative to sales. Conversely, the profit margin is -11.7%, highlighting that the high fixed costs and other expenses are eroding profitability at a significant rate. In terms of liquidity and leverage, Capri Holdings holds $154.00 million in cash against $1.31 billion in debt, resulting in a debt-to-equity ratio of 1213.89%, which indicates a highly leveraged balance sheet. The current ratio is 1.14, suggesting that the company possesses just enough current assets to cover its current liabilities, pointing to tight short-term liquidity conditions. Furthermore, the return on equity is -195.6% and the return on assets is 0.1%, metrics that reveal management's current ineffectiveness in generating returns for shareholders and utilizing the asset base profitably.
밸류에이션 평가
Valuation metrics for Capri Holdings show a trailing P/E ratio of N/A due to the negative earnings, while the forward P/E is 10.59, implying that the market is pricing in an expectation of future earnings recovery or positive earnings trajectory to justify the current share price. The price-to-book ratio is 22.50, which indicates that the market values the company at a significant premium over its book value, reflecting the intangible value of the luxury brands rather than just tangible assets. Alternative valuation metrics such as a price-to-sales ratio of 0.55 and an EV/EBITDA of 18.63 suggest that the stock is valued relatively cheaply on a sales basis but commands a higher multiple when looking at cash flow generation relative to enterprise value. Regarding price volatility and range, the stock has a 52-week high of $28.27 and a 52-week low of $11.86. To calculate the current price position relative to this range, one must observe that the current share price sits between these two extremes, specifically trading at approximately 45% below the 52-week high and 41% above the 52-week low. The beta value is 1.46, which means the stock is expected to be 46% more volatile than the broader market, making it a high-risk investment that amplifies market movements.
Growth & Income
The revenue growth year-over-year is -4.0%, while earnings growth is N/A due to the negative net income, indicating that the company is currently contracting in terms of top-line sales rather than expanding. The absence of positive earnings growth alongside negative revenue growth implies that the company is facing headwinds in its core luxury markets, leading to a contraction in both sales volume and profitability. As a non-dividend payer, Capri Holdings has a dividend yield of N/A and a payout ratio of 0.0%, meaning the company reinvests any available cash flow into business operations or debt reduction rather than distributing income to shareholders. This lack of dividend distribution combined with negative earnings growth and a highly leveraged balance sheet paints a picture of a company prioritizing survival and potential restructuring over income generation for investors.