Download PDF

1. Company Snapshot

1.a. 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.

Show Full description

1.b. Last Insights on ITP

Interparfums SA faces challenges due to modest growth in the fragrance market. The company recently adjusted its full-year outlook downward, triggering a stock plunge. This revision reflects the market's sluggish pace, impacting Interparfums' forecast. Additionally, with no recent earnings release indicating a turnaround, investors are likely concerned about the company's ability to navigate the challenging market conditions. The downward revision in outlook may indicate a tougher road ahead for Interparfums.

1.c. Company Highlights

2. Transcript Summary

Unfortunately this company is not part of our coverage yet. But as part of your subscription plan you can request it by clicking just below and we'll process.

3. NewsRoom

Card image cap

Interparfums SA Stock Plunges Following Adjusted  Full-Year Outlook

Nov -19

Card image cap

Examining Interparfums After 20% Drop and Stable Outlook for 2025

Sep -15

Card image cap

LVMH: Share transactions disclosure

Sep -09

Card image cap

The BANK of Greenland issued and early redemption of Senior Non-Preferred capital

Sep -09

Card image cap

Cointreau Launches First-Ever Ready-To-Serve Range – Introducing Cointreau Citrus Spritz

Sep -09

Card image cap

What Does the Steep 20% Drop Mean for Rémy Cointreau’s 2025 Outlook?

Sep -09

Card image cap

Société Foncière Lyonnaise (ENXTPA:FLY): Assessing Valuation After a Year of Solid Share Price Gains

Sep -09

Card image cap

Minor Hotels Europe & Americas (BME:NHH): Exploring Valuation After Steady Share Performance

Sep -09

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (9.08%)

6. Segments

Jimmy Choo

Expected Growth: 8%

Jimmy Choo's 8% growth is driven by increasing demand for luxury footwear and accessories, particularly among millennials and Gen Z consumers. Strong brand recognition, strategic partnerships, and expansion into new markets, such as Asia, also contribute to growth. Additionally, Interparfums SA's expertise in fragrance licensing and Jimmy Choo's successful fragrance lines further boost sales.

Montblanc

Expected Growth: 9%

Montblanc's 9% growth is driven by increasing demand for luxury pens and accessories, particularly in Asia. Strong brand recognition, innovative product designs, and strategic partnerships with high-end retailers contribute to its success. Additionally, the brand's expansion into new markets, such as e-commerce and travel retail, further fuels growth.

Coach

Expected Growth: 11%

Coach's 11% growth is driven by strong brand recognition, successful product diversification, and strategic expansion into new markets. The brand's focus on digital marketing and e-commerce has also contributed to its growth. Additionally, Interparfums SA's expertise in fragrance development and manufacturing has enabled Coach to capitalize on the growing demand for luxury fragrances.

Lanvin

Expected Growth: 7%

Lanvin's 7% growth is driven by increasing demand for luxury fragrances, successful product launches, and strategic partnerships. Interparfums SA's expertise in fragrance development and global distribution network have also contributed to the brand's expansion. Additionally, Lanvin's rich heritage and brand reputation have enabled it to capitalize on the growing trend of premiumization in the perfume market.

Rochas

Expected Growth: 6%

Rochas' 6% growth is driven by increasing demand for premium fragrances, successful product launches, and expansion into new markets. Strong brand recognition, effective marketing strategies, and a growing online presence also contribute to its growth. Additionally, Interparfums SA's strategic partnerships and acquisitions have enhanced Rochas' distribution network and product offerings, further fueling its growth.

Karl Lagerfeld

Expected Growth: 8%

Karl Lagerfeld's 8% growth with Interparfums SA is driven by increasing demand for luxury fragrances, strategic partnerships, and expansion into new markets. The brand's strong online presence, influencer marketing, and limited-edition collections also contribute to its growth. Furthermore, Lagerfeld's iconic status and the brand's ability to adapt to changing consumer preferences have helped maintain its premium positioning.

Van Cleef & Arpels

Expected Growth: 12%

Van Cleef & Arpels' 12% growth is driven by increasing demand for luxury jewelry, expansion into new markets, and strategic partnerships. The brand's rich heritage, high-quality products, and exceptional customer service also contribute to its growth. Additionally, Interparfums SA's strong distribution network and effective marketing strategies have helped to increase brand visibility and reach a wider audience.

Kate Spade

Expected Growth: 10%

Kate Spade's 10% growth is driven by increasing brand awareness, expansion into new markets, and a strong online presence. The brand's focus on affordable luxury, trendy designs, and strategic partnerships also contribute to its growth. Additionally, Interparfums SA's expertise in fragrance development and global distribution network support Kate Spade's expansion.

Boucheron

Expected Growth: 9%

Boucheron's 9% growth is driven by increasing demand for luxury fragrances, successful product launches, and strategic expansion into high-growth markets such as Asia and the Middle East. Additionally, Interparfums SA's strong brand management and distribution network have contributed to the brand's growth.

Moncler

Expected Growth: 13%

Moncler's 13% growth driven by strong brand recognition, increasing demand for luxury outerwear, and successful expansion into Asia. Strategic partnerships, such as the one with Interparfums SA, have also contributed to the growth. Additionally, Moncler's focus on digital marketing, e-commerce, and omnichannel retailing have enhanced customer experience, leading to increased sales.

Others

Expected Growth: 8%

Interparfums SA's 8% growth is driven by increasing demand for luxury fragrances, successful brand acquisitions, and strategic partnerships. Expansion into emerging markets, innovative product launches, and effective marketing strategies also contribute to its growth. Additionally, the company's diversified portfolio and strong distribution network enable it to capitalize on market trends and opportunities.

7. Detailed Products

Designer Fragrances

Interparfums SA develops and manufactures fragrances for renowned fashion designers and luxury brands, offering a range of scents and perfumes for men and women.

Celebrity Fragrances

The company creates fragrances in partnership with famous celebrities, offering unique and exclusive scents that reflect the celebrity's personality and style.

Niche Fragrances

Interparfums SA develops and manufactures niche fragrances for smaller, independent brands, offering unique and exclusive scents that appeal to a specific audience.

Private Label Fragrances

The company creates private label fragrances for retailers and distributors, offering customized scents and packaging to meet the client's specific needs.

8. Interparfums SA's Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for Interparfums SA is moderate due to the presence of established brands in the fragrance industry, but the company's strong brand portfolio and diversified product offerings mitigate this threat.

Bargaining Power Of Customers

The bargaining power of customers is low for Interparfums SA, as the company's products are primarily sold through a network of distributors and retailers, reducing the direct impact of customer bargaining power.

Bargaining Power Of Suppliers

The bargaining power of suppliers is moderate for Interparfums SA, as the company relies on a network of suppliers for raw materials and packaging, but its diversified supplier base and long-term contracts mitigate this risk.

Threat Of New Entrants

The threat of new entrants is low for Interparfums SA, as the fragrance industry has high barriers to entry, including significant capital requirements and the need for specialized expertise and distribution networks.

Intensity Of Rivalry

The intensity of rivalry is high in the fragrance industry, with many established players competing for market share, but Interparfums SA's strong brand portfolio and diversified product offerings help the company to maintain its competitive position.

9. SWOT Analysis

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 16.43%
Debt Cost 7.32%
Equity Weight 83.57%
Equity Cost 8.94%
WACC 8.68%
Leverage 19.66%

11. Quality Control: Interparfums SA passed 8 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
BIC

A-Score: 6.0/10

Value: 7.6

Growth: 4.1

Quality: 6.7

Yield: 8.1

Momentum: 1.5

Volatility: 7.7

1-Year Total Return ->

Stock-Card
Zinzino

A-Score: 5.6/10

Value: 3.9

Growth: 9.0

Quality: 7.4

Yield: 4.4

Momentum: 8.0

Volatility: 1.0

1-Year Total Return ->

Stock-Card
Cranswick

A-Score: 5.5/10

Value: 4.4

Growth: 6.7

Quality: 5.2

Yield: 3.1

Momentum: 4.0

Volatility: 9.7

1-Year Total Return ->

Stock-Card
B&M European Value Retail

A-Score: 5.5/10

Value: 8.4

Growth: 6.4

Quality: 5.2

Yield: 10.0

Momentum: 0.5

Volatility: 2.3

1-Year Total Return ->

Stock-Card
Colruyt

A-Score: 5.2/10

Value: 7.7

Growth: 4.6

Quality: 4.3

Yield: 6.9

Momentum: 1.0

Volatility: 7.0

1-Year Total Return ->

Stock-Card
Interparfums

A-Score: 5.1/10

Value: 3.4

Growth: 7.8

Quality: 8.1

Yield: 5.6

Momentum: 0.5

Volatility: 5.3

1-Year Total Return ->

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

25.54$

Current Price

25.54$

Potential

-0.00%

Expected Cash-Flows