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Inter Parfums

Nasdaq:IPAR
Snowflake Description

Excellent balance sheet established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
IPAR
Nasdaq
$2B
Market Cap
  1. Home
  2. US
  3. Household
Company description

Inter Parfums, Inc., together with its subsidiaries, manufactures, markets, and distributes a range of fragrances and fragrance related products. The last earnings update was 28 days ago. More info.


Add to Portfolio Compare Print
  • Inter Parfums has significant price volatility in the past 3 months.
IPAR Share Price and Events
7 Day Returns
25.2%
NasdaqGS:IPAR
9%
US Personal Products
9.9%
US Market
1 Year Returns
-36.6%
NasdaqGS:IPAR
-14.9%
US Personal Products
-11.9%
US Market
IPAR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Inter Parfums (IPAR) 25.2% -20.3% -34.2% -36.6% 35% 44.9%
US Personal Products 9% -14.8% -25.2% -14.9% 18.2% 6.9%
US Market 9.9% -15% -21.5% -11.9% 5.1% 18.1%
1 Year Return vs Industry and Market
  • IPAR underperformed the Personal Products industry which returned -14.9% over the past year.
  • IPAR underperformed the Market in United States of America which returned -11.9% over the past year.
Price Volatility
IPAR
Industry
5yr Volatility vs Market

Value

 Is Inter Parfums undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Inter Parfums to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Inter Parfums.

NasdaqGS:IPAR Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-12-31) in USD $ 1.51755
Payout Ratio Company Filings (2019-12-31) 4999.1%
Discount Rate (Cost of Equity) See below 6.1%
Perpetual Growth Rate 10-Year US Government Bond Rate 1.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:IPAR
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 1.7%
Equity Risk Premium S&P Global 5.4%
Personal Products Unlevered Beta Simply Wall St/ S&P Global 0.6
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.599 (1 + (1- 21%) (3.51%))
0.691
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.74% + (0.8 * 5.44%)
6.09%

Discounted Cash Flow Calculation for NasdaqGS:IPAR using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Inter Parfums is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

NasdaqGS:IPAR Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= $1.52 / (6.09% - 1.74%)
$34.87
NasdaqGS:IPAR Discount to Share Price
Calculation Result
Value per share (USD) From above. $34.87
Current discount Discount to share price of $47.87
= -1 x ($47.87 - $34.87) / $34.87
-37.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Inter Parfums is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Inter Parfums's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Inter Parfums's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:IPAR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $1.92
NasdaqGS:IPAR Share Price ** NasdaqGS (2020-03-27) in USD $47.87
United States of America Personal Products Industry PE Ratio Median Figure of 18 Publicly-Listed Personal Products Companies 11.01x
United States of America Market PE Ratio Median Figure of 2,945 Publicly-Listed Companies 12.96x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Inter Parfums.

NasdaqGS:IPAR PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:IPAR Share Price ÷ EPS (both in USD)

= 47.87 ÷ 1.92

24.99x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Inter Parfums is overvalued based on earnings compared to the US Personal Products industry average.
  • Inter Parfums is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Inter Parfums's expected growth come at a high price?
Raw Data
NasdaqGS:IPAR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 24.99x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
2.6%per year
United States of America Personal Products Industry PEG Ratio Median Figure of 6 Publicly-Listed Personal Products Companies 1.64x
United States of America Market PEG Ratio Median Figure of 2,007 Publicly-Listed Companies 0.99x

*Line of best fit is calculated by linear regression .

NasdaqGS:IPAR PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 24.99x ÷ 2.6%

9.57x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Inter Parfums is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Inter Parfums's assets?
Raw Data
NasdaqGS:IPAR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $14.85
NasdaqGS:IPAR Share Price * NasdaqGS (2020-03-27) in USD $47.87
United States of America Personal Products Industry PB Ratio Median Figure of 43 Publicly-Listed Personal Products Companies 1.81x
United States of America Market PB Ratio Median Figure of 5,156 Publicly-Listed Companies 1.26x
NasdaqGS:IPAR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:IPAR Share Price ÷ Book Value per Share (both in USD)

= 47.87 ÷ 14.85

3.22x

* Primary Listing of Inter Parfums.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Inter Parfums is overvalued based on assets compared to the US Personal Products industry average.
X
Value checks
We assess Inter Parfums's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Personal Products industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Personal Products industry average (and greater than 0)? (1 check)
  5. Inter Parfums has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Inter Parfums expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
2.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Inter Parfums expected to grow at an attractive rate?
  • Inter Parfums's earnings growth is expected to exceed the low risk savings rate of 1.7%.
Growth vs Market Checks
  • Inter Parfums's earnings growth is positive but not above the United States of America market average.
  • Inter Parfums's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:IPAR Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:IPAR Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 2.6%
NasdaqGS:IPAR Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 2%
United States of America Personal Products Industry Earnings Growth Rate Market Cap Weighted Average 19.2%
United States of America Personal Products Industry Revenue Growth Rate Market Cap Weighted Average 6.2%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 12.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:IPAR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:IPAR Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31
2021-12-31 746 68 64 3
2020-12-31 688 70 57 4
2020-03-30
NasdaqGS:IPAR Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 714 76 60
2019-09-30 713 73 60
2019-06-30 699 70 58
2019-03-31 682 69 57
2018-12-31 676 63 54
2018-09-30 648 48 50
2018-06-30 640 41 48
2018-03-31 620 38 44
2017-12-31 591 36 42
2017-09-30 576 51 41
2017-06-30 565 50 40
2017-03-31 553 44 39

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Inter Parfums's earnings are expected to grow by 2.6% yearly, however this is not considered high growth (20% yearly).
  • Inter Parfums's revenue is expected to grow by 2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:IPAR Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Inter Parfums Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:IPAR Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31 2.01 2.15 1.92 3.00
2020-12-31 1.79 1.90 1.68 4.00
2020-03-30
NasdaqGS:IPAR Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 1.92
2019-09-30 1.91
2019-06-30 1.85
2019-03-31 1.81
2018-12-31 1.72
2018-09-30 1.60
2018-06-30 1.55
2018-03-31 1.41
2017-12-31 1.33
2017-09-30 1.32
2017-06-30 1.29
2017-03-31 1.27

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Inter Parfums is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Inter Parfums's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Inter Parfums has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Inter Parfums performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Inter Parfums's growth in the last year to its industry (Personal Products).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Inter Parfums's year on year earnings growth rate has been positive over the past 5 years.
  • Inter Parfums's 1-year earnings growth is less than its 5-year average (12% vs 17.2%)
  • Inter Parfums's earnings growth has not exceeded the US Personal Products industry average in the past year (12% vs 21.4%).
Earnings and Revenue History
Inter Parfums's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Inter Parfums Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:IPAR Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 713.51 60.25 288.21
2019-09-30 712.94 60.11 292.81
2019-06-30 698.93 58.20 290.28
2019-03-31 682.05 56.78 284.05
2018-12-31 675.57 53.79 283.93
2018-09-30 647.87 50.15 272.25
2018-06-30 640.19 48.29 270.19
2018-03-31 619.96 44.13 264.97
2017-12-31 591.25 41.59 255.94
2017-09-30 576.50 41.12 243.88
2017-06-30 564.59 40.28 236.30
2017-03-31 552.61 39.37 229.80
2016-12-31 521.07 33.33 220.99
2016-09-30 504.63 31.26 214.94
2016-06-30 485.95 29.24 212.10
2016-03-31 470.81 27.76 202.11
2015-12-31 468.54 30.44 194.47
2015-09-30 475.35 31.90 191.23
2015-06-30 470.61 28.79 189.19
2015-03-31 486.78 30.55 191.97
2014-12-31 499.26 29.44 198.03
2014-09-30 479.66 21.96 201.41
2014-06-30 472.21 18.70 202.22
2014-03-31 471.50 16.41 203.87
2013-12-31 563.58 39.21 209.53
2013-09-30 634.98 142.98 224.54
2013-06-30 674.49 145.14 241.52
2013-03-31 702.56 147.34 255.44

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Inter Parfums has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Inter Parfums used its assets less efficiently than the US Personal Products industry average last year based on Return on Assets.
  • Inter Parfums has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Inter Parfums's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Personal Products industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Inter Parfums has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Inter Parfums's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Inter Parfums's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Inter Parfums is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Inter Parfums's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Inter Parfums's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 24.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Inter Parfums Company Filings, last reported 2 months ago.

NasdaqGS:IPAR Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 609.00 23.06 253.13
2019-09-30 593.42 28.06 191.70
2019-06-30 594.77 35.38 213.73
2019-03-31 595.77 39.60 228.25
2018-12-31 585.75 46.06 261.01
2018-09-30 588.60 52.04 210.73
2018-06-30 572.81 58.11 222.88
2018-03-31 600.28 56.00 250.74
2017-12-31 570.64 60.58 278.24
2017-09-30 562.53 65.57 230.77
2017-06-30 530.40 69.14 240.58
2017-03-31 503.73 70.17 225.50
2016-12-31 483.66 74.56 256.03
2016-09-30 507.55 84.74 213.90
2016-06-30 488.75 89.91 231.73
2016-03-31 500.56 97.80 247.22
2015-12-31 476.39 98.61 259.81
2015-09-30 488.96 106.54 214.75
2015-06-30 474.54 111.64 228.83
2015-03-31 459.90 0.43 243.18
2014-12-31 498.72 0.30 280.29
2014-09-30 512.98 0.24 246.80
2014-06-30 540.62 0.27 274.79
2014-03-31 544.25 3.24 272.91
2013-12-31 535.36 6.10 307.33
2013-09-30 549.49 0.27 287.64
2013-06-30 527.97 0.39 261.80
2013-03-31 525.31 26.69 313.10
  • Inter Parfums's level of debt (3.8%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0.1% vs 3.8% today).
  • Debt is well covered by operating cash flow (331.5%, greater than 20% of total debt).
  • Inter Parfums earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Inter Parfums's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Inter Parfums has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Inter Parfums's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.76%
Current annual income from Inter Parfums dividends. Estimated to be 3.17% next year.
If you bought $2,000 of Inter Parfums shares you are expected to receive $55 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Inter Parfums's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.98%).
  • Inter Parfums's dividend is below the markets top 25% of dividend payers in United States of America (5.49%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:IPAR Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
United States of America Personal Products Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 1.9%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1946 Stocks 3%
United States of America Minimum Threshold Dividend Yield 10th Percentile 1.1%
United States of America Bottom 25% Dividend Yield 25th Percentile 2%
United States of America Top 25% Dividend Yield 75th Percentile 5.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:IPAR Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 1.72 1.00
2021-12-31 1.51 1.00
2020-12-31 1.32 1.00
2020-03-30
NasdaqGS:IPAR Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-03-02 1.320 2.723
2019-11-05 1.320 1.860
2019-08-05 1.100 1.603
2019-05-06 1.100 1.647
2019-03-01 1.100 1.460
2018-11-05 1.100 1.730
2018-08-07 0.840 1.359
2018-03-13 0.840 1.621
2017-11-08 0.840 1.897
2017-08-07 0.680 1.663
2017-05-09 0.680 1.871
2016-10-24 0.680 1.976
2016-08-09 0.600 1.825
2016-05-10 0.600 2.026
2016-03-14 0.600 1.968
2015-11-09 0.520 2.046
2015-05-15 0.520 1.795
2015-05-11 0.520 1.585
2015-03-11 0.520 1.640
2014-11-10 0.480 1.786
2014-08-12 0.480 1.703
2014-05-07 0.480 1.668
2013-11-18 0.480 1.393
2013-11-06 0.480 1.323
2013-08-07 0.480 1.597
2013-03-13 0.480 1.650
2013-03-12 0.480 1.995
2012-11-07 0.320 1.545
2012-08-08 0.320 1.810
2012-05-09 0.320 1.941
2012-03-12 0.320 2.024
2011-11-09 0.320 1.911
2011-08-09 0.320 1.971
2011-05-09 0.320 1.489
2011-03-08 0.320 1.744
2010-11-09 0.260 1.400
2010-08-09 0.260 1.481
2010-05-10 0.260 1.673
2010-01-26 0.260 1.774
2009-11-09 0.132 1.116
2009-08-10 0.132 1.190
2009-05-11 0.132 1.622

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Inter Parfums's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.3x coverage).
X
Income/ dividend checks
We assess Inter Parfums's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Inter Parfums afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Inter Parfums has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Inter Parfums's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jean Madar
COMPENSATION $1,121,412
AGE 58
TENURE AS CEO 23.2 years
CEO Bio

Mr. Jean Madar founded Inter Parfums Inc. in 1989 and has been its Chief Executive Officer since January 1997. Mr. Madar serves as Chief Executive Officer at Inter Parfums USA, LLC. He serves as Chief Executive Officer of Interparfums Holdings. He served as the Chief Executive Officer of Jean Philippe Fragrances, LLC. He served as a Director General of Inter Parfums S.A., a Inter Parfums Inc.'s subsidiary since January 1994. He served as Chief Executive Officer of Inter Parfums Trademark, a subsidiary of Inter Parfums SA. since January 1997. From inception until December 1993, he served as the President at Inter Parfums Inc. He served as the Managing Director of Inter Parfums S.A. from September 1983 until June 1985. At such subsidiary, he had the responsibility of overseeing the marketing operations of its foreign distribution, including market research analysis and actual marketing campaigns. He serves as Chairman of Interparfums Inc. He has been the Chairman and Director of Inter Parfums Inc, since its inception in May 1985. He serves as Chairman at Inter Parfums USA, LLC. He serves as a Director of Inter Parfums Trademark. He has been a Director of InterParfums SA since December 23, 1993. Mr. Madar graduated from The French University for Economic and Commercial Sciences (ESSEC) in 1983.

CEO Compensation
  • Jean's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Jean's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Inter Parfums management team in years:

26.2
Average Tenure
59.5
Average Age
  • The average tenure for the Inter Parfums management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Jean Madar

TITLE
Chairman
COMPENSATION
$1M
AGE
58
TENURE
23.2 yrs

Philippe Bénacin

TITLE
Vice Chairman
COMPENSATION
$1M
AGE
60
TENURE
26.2 yrs

Russell Greenberg

TITLE
Executive VP
COMPENSATION
$1M
AGE
62
TENURE
27.8 yrs

Frédéric Garcia-Pelayo

TITLE
Executive VP & COO of Interparfums SA
COMPENSATION
$1M
AGE
59

Michelle Habert

TITLE
Controller & Secretary
Board of Directors Tenure

Average tenure and age of the Inter Parfums board of directors in years:

23
Average Tenure
60.5
Average Age
  • The average tenure for the Inter Parfums board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Jean Madar

TITLE
Chairman
COMPENSATION
$1M
AGE
58
TENURE
34.8 yrs

Philippe Bénacin

TITLE
Vice Chairman
COMPENSATION
$1M
AGE
60
TENURE
28.5 yrs

Russell Greenberg

TITLE
Executive VP
COMPENSATION
$1M
AGE
62
TENURE
25 yrs

Francois Heilbronn

TITLE
Independent Director
COMPENSATION
$85K
AGE
58
TENURE
32.2 yrs

Robert Bensoussan-Torres

TITLE
Independent Director
COMPENSATION
$75K
AGE
61
TENURE
23 yrs

Philippe Santi

TITLE
Director
COMPENSATION
$1M
AGE
57
TENURE
20.3 yrs

Patrick Choël

TITLE
Independent Director
COMPENSATION
$65K
AGE
75
TENURE
13.8 yrs

Michel Dyens

TITLE
Independent Director
COMPENSATION
$105K
AGE
79

Véronique Gabaï-Pinsky

TITLE
Independent Director
COMPENSATION
$38K
AGE
53
TENURE
2.5 yrs

Gilbert Harrison

TITLE
Independent Director
COMPENSATION
$29K
AGE
78
TENURE
1.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
21. Jun 19 Sell Jean Madar Individual 21. Jun 19 21. Jun 19 -20,884 $67.71 $-1,408,659
20. Jun 19 Sell Jean Madar Individual 18. Jun 19 20. Jun 19 -52,800 $67.65 $-3,547,218
17. Jun 19 Sell Jean Madar Individual 13. Jun 19 17. Jun 19 -4,523 $67.22 $-303,267
X
Management checks
We assess Inter Parfums's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Inter Parfums has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Does Inter Parfums, Inc. (NASDAQ:IPAR) Create Value For Shareholders?

Our data shows Inter Parfums has a return on equity of 12% for the last year. … The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Inter Parfums: 12% = US$58m ÷ US$595m (Based on the trailing twelve months to June 2019.) Most readers would understand what net profit is, but it’s worth explaining the concept of shareholders’ equity. … Combining Inter Parfums's Debt And Its 12% Return On Equity While Inter Parfums does have a tiny amount of debt, with debt to equity of just 0.059, we think the use of debt is very modest.

Simply Wall St -

What Is Inter Parfums, Inc.'s (NASDAQ:IPAR) Share Price Doing?

Let’s take a look at Inter Parfums’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change. … This means that if you believe the current share price should move towards its intrinsic value over time, a low beta could suggest it is not likely to reach that level anytime soon, and once it’s there, it may be hard to fall back down into an attractive buying range again. … With profit expected to grow by a double-digit 11% in the upcoming year, the short-term outlook is positive for Inter Parfums.

Simply Wall St -

What Does Inter Parfums, Inc.'s (NASDAQ:IPAR) P/E Ratio Tell You?

The formula for price to earnings is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for Inter Parfums: P/E of 35.56 = $65.93 ÷ $1.85 (Based on the year to June 2019.) Is A High Price-to-Earnings Ratio Good? … Inter Parfums increased earnings per share by an impressive 20% over the last twelve months. … The Verdict On Inter Parfums's P/E Ratio Inter Parfums has a P/E of 35.6.

Simply Wall St -

Does Inter Parfums, Inc. (NASDAQ:IPAR) Have A Volatile Share Price?

Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … This is reasonably close to the market beta of 1, so the stock has in the past displayed similar levels of volatility to the overall market. … What this means for you: It is probable that there is a link between the share price of Inter Parfums and the broader market, since it has a beta value quite close to one.

Simply Wall St -

Is Inter Parfums, Inc.'s (NASDAQ:IPAR) CEO Paid At A Competitive Rate?

In 1997 Jean Madar was appointed CEO of Inter Parfums, Inc. … Check out our latest analysis for Inter Parfums How Does Jean Madar's Compensation Compare With Similar Sized Companies? … Most shareholders would consider it a positive that Jean Madar takes less total compensation than the CEOs of most similar size companies, leaving more for shareholders.

Simply Wall St -

Does Inter Parfums, Inc.'s (NASDAQ:IPAR) 29% Earnings Growth Make It An Outperformer?

Examining Inter Parfums, Inc.'s (NASDAQ:IPAR) past track record of performance is a useful exercise for investors. … Check out our latest analysis for Inter Parfums Were IPAR's earnings stronger than its past performances and the industry? … I suggest you continue to research Inter Parfums to get a better picture of the stock by looking at: Future Outlook: What are well-informed industry analysts predicting for IPAR’s future growth?

Simply Wall St -

Here's What You Should Know About Inter Parfums, Inc.'s (NASDAQ:IPAR) 1.7% Dividend Yield

Of the free cash flow it generated last year, Inter Parfums paid out 49% as dividends, suggesting the dividend is affordable. … Inter Parfums has been paying dividends for a long time, but for the purpose of this analysis, we only examine the past 10 years of payments. … Conclusion To summarise, shareholders should always check that Inter Parfums's dividends are affordable, that its dividend payments are relatively stable, and that it has decent prospects for growing its earnings and dividend.

Simply Wall St -

Is Inter Parfums (NASDAQ:IPAR) A Risky Investment?

You can click the graphic below for the historical numbers, but it shows that Inter Parfums had US$39.6m of debt in March 2019, down from US$56.0m, one year before However, its balance sheet shows it holds US$228.2m in cash, so it actually has US$188.7m net cash. … While Inter Parfums has net cash on its balance sheet, it's still worth taking a look at its ability to convert earnings before interest and tax (EBIT) to free cash flow, to help us understand how quickly it is building (or eroding) that cash balance. … Summing up While it is always sensible to investigate a company's debt, in this case Inter Parfums has US$189m in net cash and a decent-looking balance sheet.

Simply Wall St -

How Many Inter Parfums, Inc. (NASDAQ:IPAR) Shares Have Insiders Sold, In The Last Year?

So shareholders might well want to know whether insiders have been buying or selling shares in Inter Parfums, Inc. … As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.' See our latest analysis for Inter Parfums The Last 12 Months Of Insider Transactions At Inter Parfums Over the last year, we can see that the biggest insider sale was by the Chairman, Jean Madar, for US$3.5m worth of shares, at about US$67.65 per share. … Inter Parfums insiders own about US$900m worth of shares (which is 44% of the company).

Simply Wall St -

Just 2 Days Before Inter Parfums, Inc. (NASDAQ:IPAR) Will Be Trading Ex-Dividend

So we need to investigate whether Inter Parfums can afford its dividend, and if the dividend could grow. … See our latest analysis for Inter Parfums Dividends are typically paid from company earnings. … While earnings per share growth has been modest, Inter Parfums's dividend payouts are around an average level; without a sharp change in earnings we feel that the dividend is likely somewhat sustainable.

Simply Wall St -

Company Info

Description

Inter Parfums, Inc., together with its subsidiaries, manufactures, markets, and distributes a range of fragrances and fragrance related products. The company operates in two segments, European Based Operations and United States Based Operations. It offers its fragrance and cosmetic products under the Boucheron, Coach, Jimmy Choo, Karl Lagerfeld, Kate Spade New York, Lanvin, Montblanc, Paul Smith, Repetto, Rochas, S.T. Dupont, Van Cleef & Arpels, Abercrombie & Fitch, Anna Sui, bebe, Dunhill, Hollister, French Connection, Graff, GUESS, Lily Aldridge, MCM, and Oscar de la Renta brand names, as well as under the Intimate and Aziza names. It sells its products to department stores, perfumeries, specialty stores, domestic and international wholesalers, and distributors. The company was formerly known as Jean Philippe Fragrances, Inc. and changed its name to Inter Parfums, Inc. in July 1999. Inter Parfums, Inc. was founded in 1982 and is headquartered in New York, New York.

Details
Name: Inter Parfums, Inc.
IPAR
Exchange: NasdaqGS
Founded: 1982
$1,509,408,979
31,531,418
Website: http://www.interparfumsinc.com
Address: Inter Parfums, Inc.
551 Fifth Avenue,
Suite 1500,
New York,
New York, 10176,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS IPAR Common Stock Nasdaq Global Select US USD 04. Feb 1988
DB JF1 Common Stock Deutsche Boerse AG DE EUR 04. Feb 1988
Number of employees
Current staff
Staff numbers
402
Inter Parfums employees.
Industry
Personal Products
Household
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/30 00:42
End of day share price update: 2020/03/27 00:00
Last estimates confirmation: 2020/03/20
Last earnings filing: 2020/03/02
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.