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Silk road of luxury : KeringĀ“s expedition between technology and sustainability
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Given our estimates through the DCF-model, we recommend for a fictive investor to BUY positions in
Kering SA seeing as our 2024 target price of 530,16 EUR gives a total return of 23,88%.
ļ· Kering SA has recovered impressively after COVID-19 reporting a revenue growth of 55,35% and an
EBIT growth of 61,43% from 2020. In present time, Kering SA is experiencing difficulties in continuing
this growth pattern as consumer demand is halted due to a prolonged high inflation coupled with the weak
development of flagship brand Gucci.
ļ· We believe forward that the industry will regain its momentum back in the second half of 2024 as America
and China are forecasted to have reached a healthy inflation level while Europe is halting behind expected
to catch up by 2025.
ļ· DCF used to target the share price at the end of 2024, with a WACC of 10.64% and terminal growth rate
of 3.6%.
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Valuation Dcf Luxury industry Luxury brand Stock price Comparables analysis Fashion