Inter Parfums Inc.
Find Ratings ReportsINTER PARFUMS INC's gross profit margin for the fourth quarter of its fiscal year 2017 is essentially unchanged when compared to the same period a year ago. The company managed to grow both sales and net income at a faster pace than the average competitor in its industry this quarter as compared to the same quarter a year ago. INTER PARFUMS INC is extremely liquid. Currently, the Quick Ratio is 2.42 which clearly shows the ability to cover any short-term cash needs. The company's liquidity has decreased from the same period last year, indicating deteriorating cash flow.
During the same period, stockholders' equity ("net worth") has increased by 16.98% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is very unlikely to face financial difficulties in the near future.
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| Income Statement | Q4 FY17 | Q4 FY16 |
|---|---|---|
| Net Sales ($mil) | 149.53 | 134.77 |
| EBITDA ($mil) | 9.35 | 8.96 |
| EBIT ($mil) | 6.94 | 6.39 |
| Net Income ($mil) | 4.4 | 3.93 |
| Balance Sheet | Q4 FY17 | Q4 FY16 |
|---|---|---|
| Cash & Equiv. ($mil) | 278.24 | 256.03 |
| Total Assets ($mil) | 777.77 | 682.41 |
| Total Debt ($mil) | 60.58 | 74.56 |
| Equity ($mil) | 433.3 | 370.39 |
| Profitability | Q4 FY17 | Q4 FY16 |
|---|---|---|
| Gross Profit Margin | 67.69 | 65.64 |
| EBITDA Margin | 6.25 | 6.64 |
| Operating Margin | 4.64 | 4.74 |
| Sales Turnover | 0.76 | 0.76 |
| Return on Assets | 5.34 | 4.88 |
| Return on Equity | 9.59 | 8.99 |
| Debt | Q4 FY17 | Q4 FY16 |
|---|---|---|
| Current Ratio | 3.29 | 3.38 |
| Debt/Capital | 0.12 | 0.17 |
| Interest Expense | 0.5 | 0.16 |
| Interest Coverage | 13.93 | 40.2 |
| Share Data | Q4 FY17 | Q4 FY16 |
|---|---|---|
| Shares outstanding (mil) | 31.24 | 31.14 |
| Div / share | 0.21 | 0.17 |
| EPS | 0.14 | 0.13 |
| Book value / share | 13.87 | 11.9 |
| Institutional Own % | n/a | n/a |
| Avg Daily Volume | 111182.0 | 79219.0 |
BUY. The current P/E ratio indicates a significant discount compared to an average of 47.29 for the Personal Products industry and a significant premium compared to the S&P 500 average of 24.51. To use another comparison, its price-to-book ratio of 3.44 indicates valuation on par with the S&P 500 average of 3.18 and a significant discount versus the industry average of 8.27. The current price-to-sales ratio is above the S&P 500 average, but below the industry average. Upon assessment of these and other key valuation criteria, INTER PARFUMS INC proves to trade at a discount to investment alternatives within the industry.
| Price/Earnings |
|
Price/Cash Flow |
| |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| IPAR 35.63 | Peers 47.29 | IPAR 41.56 | Peers 23.00 | |||||||||||||||||||||
|
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations. IPAR is trading at a discount to its peers. |
Premium. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. IPAR is trading at a significant premium to its peers. |
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| Price/Projected Earnings |
|
Price to Earnings/Growth |
|
|||||||||||||||||||||
| IPAR 28.17 | Peers 22.19 | IPAR 2.96 | Peers 1.38 | |||||||||||||||||||||
|
Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations. IPAR is trading at a significant premium to its peers. |
Premium. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. IPAR trades at a significant premium to its peers. |
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| Price/Book |
|
Earnings Growth |
|
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| IPAR 3.44 | Peers 8.27 | IPAR 24.07 | Peers -1.87 | |||||||||||||||||||||
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Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. IPAR is trading at a significant discount to its peers. |
Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. IPAR is expected to have an earnings growth rate that significantly exceeds its peers. |
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| Price/Sales |
|
Sales Growth |
|
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| IPAR 2.52 | Peers 3.00 | IPAR 13.46 | Peers 19.02 | |||||||||||||||||||||
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Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. IPAR is trading at a discount to its industry on this measurement. |
Lower. A sales growth rate that trails the industry implies that a company is losing market share. IPAR significantly trails its peers on the basis of sales growth |
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