Financials PVH Corp.

Equities

PVH

US6936561009

Apparel & Accessories

Market Closed - Nyse Other stock markets 16:00:02 2024-09-18 EDT			5-day change	1st Jan Change
96.30 ^USD	+0.15%		+3.45%	-21.14%

09-06	Morgan Stanley Cuts Price Target on PVH to $100 From $120, Maintains Equalweight Rating	MT
09-05	Transcript : PVH Corp. Presents at Goldman Sachs 31st Annual Global Retailing Conference, Sep-05-2024 10:20 AM

Projected Income Statement: PVH Corp.

Fiscal Period: Februar	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	9,909	7,133	9,155	9,024	9,218	8,628	8,860	9,066
Change	-	-28.02%	28.35%	-1.43%	2.14%	-6.4%	2.69%	2.33%
EBITDA ¹	1,254	288.7	1,297	1,158	1,230	1,152	1,243	1,329
Change	-	-76.99%	349.19%	-10.7%	6.19%	-6.32%	7.9%	6.96%
EBIT ¹	930.6	-37.1	983.5	856.5	931.1	858.3	945.1	1,047
Change	-	-	-	-12.91%	8.71%	-7.82%	10.11%	10.82%
Interest Paid ¹	-114.7	-125.5	-104.2	-82.5	-87.8	-70.26	-74.28	-70.25
Earnings before Tax (EBT) ¹	444	-1,193	972.7	388.2	841	783.9	890	974.1
Change	-	-	-	-60.09%	116.64%	-6.79%	13.54%	9.44%
Net income ¹	417.3	-1,136	952.3	200.4	663.6	651.6	694.4	755.1
Change	-	-	-	-78.96%	231.14%	-1.81%	6.57%	8.74%
Announcement Date	20-04-01	21-03-30	22-03-29	23-03-27	24-04-01	-	-	-

¹USD in Million

Estimates

Fiscal Period: February	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4
Net sales ¹	2,588	2,601	1,344	1,581	2,118	2,090	2,079	2,313	2,332	2,430	2,123	2,132	2,281	2,489	2,158	2,207	2,363	2,490	1,952	2,074	2,221	2,385	1,981	2,113	2,274	2,474
Change	-	0.51%	-48.32%	17.61%	34%	-1.34%	-0.5%	11.25%	0.83%	4.17%	-12.64%	0.44%	6.98%	9.12%	-13.29%	2.28%	7.06%	5.37%	-21.61%	6.27%	7.08%	7.38%	-16.93%	6.65%	7.6%	8.81%
EBITDA ¹	363.2	237.3	-165.6	127.9	212.3	114.1	326.3	372.2	343.3	254.7	287.1	286.8	292.9	291.2	271.1	257.8	323.8	377	267.2	259	280	345	277.9	272.2	281	372.5
Change	-	-34.66%	-	-	65.99%	-46.26%	185.98%	14.07%	-7.76%	-25.81%	12.72%	-0.1%	2.13%	-0.58%	-6.9%	-4.91%	25.6%	16.43%	-29.12%	-3.07%	8.12%	23.18%	-19.45%	-2.04%	3.24%	32.56%
EBIT ¹	281.6	150	-246.7	49	132.1	28.5	248.7	293.9	266.3	174.6	210.3	211.4	219.8	215	198.8	182.3	248.6	301.4	205.1	189.2	206.9	270.8	213.5	210.3	222.8	313.3
Change	-	-46.73%	-	-	169.59%	-78.43%	772.63%	18.17%	-9.39%	-34.43%	20.45%	0.52%	3.97%	-2.18%	-7.53%	-8.3%	36.37%	21.24%	-31.95%	-7.75%	9.34%	30.92%	-21.19%	-1.47%	5.91%	40.63%
Charge d'intérêts ¹	-27.8	-30	-21.2	-32.1	-33.5	-35.9	-29.4	-26.3	-24.6	-23.9	-21.8	-20.3	-18.8	-21.6	-22	-23.6	-22.2	-20	-17.7	-19.1	-17	-16.33	-17.5	-17.5	-17.5	-17.5
Earnings before Tax (EBT)	241.7	-125.7	-1,240	-33.8	88.6	-8.2	168	252.7	352.6	199.4	188.5	156.7	-232.8	275.8	176.8	119.7	207.6	336.9	187.4	154.8	-	260	197	190	200	282
Change	-	-	886.16%	-97.27%	-	-	-	50.42%	39.53%	-43.45%	-5.47%	-16.87%	-	-	-35.9%	-32.3%	73.43%	62.28%	-44.38%	-17.4%	-100%	-	-24.23%	-3.55%	5.26%	41%
Net income ¹	209.2	-67.4	-1,097	-51.4	69.8	-57.7	99.9	181.9	279.7	390.8	133.1	115.3	-186.7	138.7	136	94.2	161.6	271.8	151.4	158	128	208	152	146	154	217
Change	-	-	1,527.3%	-95.31%	-	-	-	82.08%	53.77%	39.72%	-65.94%	-13.37%	-	-	-1.95%	-30.74%	71.55%	68.19%	-44.3%	4.36%	-18.99%	62.5%	-26.92%	-3.95%	5.48%	40.91%
Announcement Date	19-11-25	20-04-01	20-06-11	20-09-02	20-12-02	21-03-30	21-06-02	21-08-31	21-12-01	22-03-29	22-06-01	22-08-30	22-11-30	23-03-27	23-05-31	23-08-29	23-11-29	24-04-01	24-06-04	24-08-27	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: PVH Corp.

Fiscal Period: February	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	2,254	1,862	1,121	1,784	1,462	1,193	726	614
Change	-	-17.39%	-39.8%	59.14%	-18.05%	-18.4%	-39.15%	-15.43%
Announcement Date	20-04-01	21-03-30	22-03-29	23-03-27	24-04-01	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: PVH Corp.

Fiscal Period: February	2020	2021	2022	2025	2026	2027
CAPEX ¹	345.2	226.6	267.9	266.2	315.6	313.3
Change	-	-34.36%	18.23%	-	18.54%	-0.72%
Free Cash Flow (FCF) ¹	675.1	471.1	803.3	649.7	679.7	347
Change	-	-30.22%	70.52%	-	4.62%	-48.95%
Announcement Date	20-04-01	21-03-30	22-03-29	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: PVH Corp.

Fiscal Period: February	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	12.66%	4.05%	14.17%	12.83%	13.34%	13.35%	14.03%	14.66%
EBIT Margin (%)	9.39%	-0.52%	10.74%	9.49%	10.1%	9.95%	10.67%	11.55%
EBT Margin (%)	4.48%	-16.73%	10.63%	4.3%	9.12%	9.09%	10.05%	10.74%
Net margin (%)	4.21%	-15.93%	10.4%	2.22%	7.2%	7.55%	7.84%	8.33%
FCF margin (%)	6.81%	6.6%	8.77%	-	-	7.53%	7.67%	3.83%
FCF / Net Income (%)	161.78%	-41.47%	84.35%	-	-	99.71%	97.89%	45.95%
Profitability
ROA	5.58%	-8.44%	7.41%	1.66%	5.78%	5.9%	6.52%	7.51%
ROE	12.22%	-2.65%	19.01%	11.52%	13.09%	12.51%	12.3%	12.8%
Financial Health
Leverage (Debt/EBITDA)	1.8x	6.45x	0.86x	1.54x	1.19x	1.04x	0.58x	0.46x
Debt / Free cash flow	3.34x	3.95x	1.4x	-	-	1.84x	1.07x	1.77x
Capital Intensity
CAPEX / Current Assets (%)	3.48%	3.18%	2.93%	-	-	3.09%	3.56%	3.46%
CAPEX / EBITDA (%)	27.52%	78.49%	20.66%	-	-	23.11%	25.39%	23.57%
CAPEX / FCF (%)	51.13%	48.1%	33.35%	-	-	40.98%	46.43%	90.3%
Items per share
Cash flow per share ¹	13.68	9.799	14.9	-	-	14.4	17.66	-
Change	-	-28.35%	52.04%	-	-	-	22.69%	-
Dividend per Share ¹	0.15	0.0375	0.0375	-	-	0.1499	0.1627	0.165
Change	-	-75%	0%	-	-	-	8.56%	1.4%
Book Value Per Share ¹	80.39	66.44	77.77	75.72	82.96	90.26	101.4	106.7
Change	-	-17.35%	17.06%	-2.63%	9.57%	8.79%	12.32%	5.25%
EPS ¹	5.6	-15.96	13.25	3.03	10.76	11.49	12.93	15.1
Change	-	-385%	-183.02%	-77.13%	255.12%	6.78%	12.53%	16.74%
Nbr of stocks (in thousands)	72,958	71,100	69,978	63,371	59,638	55,814	55,814	55,814
Announcement Date	20-04-01	21-03-30	22-03-29	23-03-27	24-04-01	-	-	-