Birkenstock Holding BIRK
United KingdomConsumer Cyclical · Footwear & AccessoriesUSD
50.17 USD (+51.3%)
20 analysts
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Birkenstock Holding plc designs, manufactures, and sells footwear and accessories of the iconic German sandal brand, with a premium business model combining in-house production, controlled distribution, and direct-to-consumer sales.
Key points
from its scores- ✓Very solid balance sheet7.6
- ✓Attractive valuation7.2
- ✕Little or no dividend1.5
- ✕Poor share-price trend2.5
- ✕Weak growth4.7
AI analysis
bottom line, main risk, context and newsValuation is reasonable and the balance sheet is solid, but the earnings decline and weak momentum suggest waiting for an improvement in figures before taking a position.
Birkenstock shows solid financial health (score 7.62) with moderate debt (ND/EBITDA 1.92) and an operating margin of 28.97%, and an attractive valuation (P/E 15.57, PEG 0.97), but earnings growth is negative (-13.00%) and momentum is very weak (16th percentile of the 52-week range), suggesting the market is pricing in a slowdown.
The main risk is the slowdown in earnings growth (-13.00%) in a discretionary luxury consumer environment that could continue to pressure margins and the stock's momentum.
Context and risks
No recent relevant news and no material exposure to current macro factors (rates, oil, tariffs) affecting its luxury footwear business. The moderate debt profile (ND/EBITDA 1.92) and high operating margin (28.97%) limit the impact of the rise in long-term rates.
Is Birkenstock Holding stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades in line with the Consumer Cyclical median (within 15%).
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 15.6 | 17.8 | −13% |
| EV / EBITDA | 9.5 | 11.2 | −16% |
| Price / book | 1.8 | 2.9 | −37% |
| Price / sales | 2.2 | 1.3 | +72% |
Sector: median of the 228 Consumer Cyclical companies analysed. In bold, the multiples used for the comparison.
Valuation score: 7.2 out of 10 (median for Consumer Cyclical: 6.6).
Average analyst target: 50.17 USD, +51.3% versus the price.
Classic formulas with standard assumptions (10.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Consumer Cyclical medianValuation
- P/E
- 15.6
- Forward P/E
- 12.2
- EV / EBITDA
- 9.5
- Price / book
- 1.8
- Price / sales
- 2.2
- PEG
- 0.97
- Market cap
- 5.5B USD
- Enterprise value
- 6.1B EUR
Profitability
- ROE
- 12.4%
- ROA
- 6.7%
- ROIC (approx.)
- 14.1%
- Gross margin
- 57.5%
- Operating margin
- 29.0%
- Net margin
- 14.8%
- Free cash flow
- 154.6M EUR
- FCF yield
- 3.2%
- Cash conversion
- 24%
Solvency
- Total debt
- 1.9B EUR
- Net debt
- 1.2B EUR
- Cash
- 693.6M EUR
- EBITDA
- 647.6M EUR
- Net debt / EBITDA
- 1.92
- Debt / equity
- 69.02
- Current ratio
- 3.78
- Quick ratio
- 1.97
Growth
- Revenue growth
- +13.3%
- Earnings growth
- −13.0%
- EPS (TTM)
- 2.13 USD
- EPS (forward)
- 2.73 USD
Dividend
- Dividend yield
- 0.0%
- Payout
- 0.0%
Risk and market
- Beta
- 1.30
- Analyst consensus
- Buy (20)
- Target price
- 50.17 USD
- 52-week range
- 29.93 – 50.73
Recent news
All BIRK news →Compare it with its sector
All 228 in Consumer Cyclical →Frequently asked questions about Birkenstock Holding
Is Birkenstock Holding stock cheap or expensive?
On P/E and EV / EBITDA, it trades in line with the Consumer Cyclical median (within 15%). Valuation score: 7.2 out of 10 (median for Consumer Cyclical: 6.6). Average analyst target: 50.17 USD, +51.3% versus the price. This is not investment advice.
What score does Birkenstock Holding get on MeridIAn Screener?
It scores 5.6 out of 10, rank 1,311 of 2,130 (better than 35% of the companies analysed). Its strongest category is Financial health (7.6) and its weakest, Dividend (1.5). Analysis of 08/10/2026.
What is Birkenstock Holding's P/E ratio?
Its P/E is 15.6: the share price equals 15.6 times earnings per share over the last 12 months. The Consumer Cyclical median is 17.8. Based on the earnings analysts expect, the forward P/E is 12.2.
How much is Birkenstock Holding worth on the stock market?
Its market capitalisation is 5.5B USD and its enterprise value, debt included, is 6.1B USD.
How much debt does Birkenstock Holding have?
Its net debt (debt minus cash) is 1.2B EUR. That is 1.92 times its EBITDA; the Consumer Cyclical median is 1.91.
Does Birkenstock Holding pay a dividend?
It pays no dividend, or almost none.
How has Birkenstock Holding stock performed over the last year?
It has fallen 21.5% over the last year, excluding dividends. Over the last 52 weeks it has traded between 29.93 and 50.73 USD. Past performance does not guarantee future results.
What do analysts think of Birkenstock Holding?
20 analysts cover it; their average recommendation is “Buy” and their average target is 50.17 USD (+51.3% versus the price). It is an estimate, not market data.