Interparfums ITP.PA
FranceConsumer Defensive · Household & Personal ProductsEuronext París · EUR
30.37 EUR (−0.5%)
9 analysts
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Interparfums is a French company that designs, manufactures, and distributes luxury fragrances and cosmetics under license from fashion and prestige brands (such as Montblanc, Jimmy Choo, or Coach), collecting royalties and managing the entire value chain.
Listed on Euronext París · Symbol ITP.PA · EPA: ITP · Currency EUR
Key points
from its scores- ✓Very solid balance sheet8.4
- ✓High-quality business8.1
- ✕Weak growth2.4
- !Somewhat demanding valuation5.2
- !Risks to watch5.4
AI analysis
bottom line, main risk, context and newsImpeccable quality and balance sheet, but the lack of growth and demanding valuation do not warrant buying in the short term.
Interparfums shows excellent financial health (Net Debt/EBITDA of 0.09, liquidity of 3.15) and a solid competitive moat (ROIC of 21.78%, gross margin of 65.84%), but the business is clearly decelerating: revenue is down 7.30% and earnings down 10.60%, which weighs on growth and makes the valuation (P/E 22.95) look less attractive.
The slowdown in sales (-7.30% revenue growth) and dependence on a licensing model that could be affected by changes in brand owners' strategies or weaker luxury consumption.
Context and risks
No relevant recent news and no material exposure to current macro factors (rates, oil, tariffs). The fragrance licensing business is defensive, with a solid balance sheet (Net Debt/EBITDA of 0.09) and high margins, so the rise in long-term rates does not affect it significantly.
Is Interparfums stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades 39% above the Consumer Defensive median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 22.9 | 19.8 | +16% |
| EV / EBITDA | 17.6 | 10.8 | +62% |
| Price / book | 3.8 | 2.7 | +39% |
| Price / sales | 3.1 | 1.2 | +151% |
Sector: median of the 124 Consumer Defensive companies analysed. In bold, the multiples used for the comparison.
Valuation score: 5.2 out of 10 (median for Consumer Defensive: 6.3).
Average analyst target: 30.37 EUR, −0.5% versus the price.
A premium can be justified if the company is of higher quality or grows faster than its sector: Quality / Moat 8.1 (sector 5.7), Growth 2.4 (sector 5.3).
Classic formulas with standard assumptions (8.7% 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 Defensive medianValuation
- P/E
- 22.9
- Forward P/E
- 21.1
- EV / EBITDA
- 17.6
- Price / book
- 3.8
- Price / sales
- 3.1
- PEG
- 2.81
- Market cap
- 2.7B EUR
- Enterprise value
- 2.7B EUR
Profitability
- ROE
- 17.1%
- ROA
- 10.1%
- ROIC (approx.)
- 21.8%
- Gross margin
- 65.8%
- Operating margin
- 21.1%
- Net margin
- 13.7%
- Free cash flow
- 131.3M EUR
- FCF yield
- 4.9%
- Cash conversion
- 86%
Solvency
- Total debt
- 128.2M EUR
- Net debt
- 13.2M EUR
- Cash
- 114.9M EUR
- EBITDA
- 153.0M EUR
- Net debt / EBITDA
- 0.09
- Debt / equity
- 18.02
- Current ratio
- 3.15
- Quick ratio
- 1.85
Growth
- Revenue growth
- −7.3%
- Earnings growth
- −10.6%
- EPS (TTM)
- 1.33 EUR
- EPS (forward)
- 1.45 EUR
Dividend
- Dividend yield
- 3.3%
- Payout
- 75.0%
Risk and market
- Beta
- 1.03
- Analyst consensus
- Buy (9)
- Target price
- 30.37 EUR
- 52-week range
- 20.74 – 31.02
Recent news
All ITP.PA news →Compare it with its sector
All 124 in Consumer Defensive →Frequently asked questions about Interparfums
Is Interparfums stock cheap or expensive?
On P/E and EV / EBITDA, it trades 39% above the Consumer Defensive median on average. Valuation score: 5.2 out of 10 (median for Consumer Defensive: 6.3). Average analyst target: 30.37 EUR, −0.5% versus the price. This is not investment advice.
What score does Interparfums get on MeridIAn Screener?
It scores 6.3 out of 10, rank 732 of 2,130 (better than 63% of the companies analysed). Its strongest category is Financial health (8.4) and its weakest, Growth (2.4). Analysis of 08/10/2026.
What is Interparfums's P/E ratio?
Its P/E is 22.9: the share price equals 22.9 times earnings per share over the last 12 months. The Consumer Defensive median is 19.8. Based on the earnings analysts expect, the forward P/E is 21.1.
How much is Interparfums worth on the stock market?
Its market capitalisation is 2.7B EUR and its enterprise value, debt included, is 2.7B EUR.
How much debt does Interparfums have?
Its net debt (debt minus cash) is 13.2M EUR. That is 0.09 times its EBITDA; the Consumer Defensive median is 2.38.
Does Interparfums pay a dividend?
Yes: its dividend yield is 3.28% and it pays out 75% of its earnings.
How has Interparfums stock performed over the last year?
It has risen 21.0% over the last year, excluding dividends. Over the last 52 weeks it has traded between 20.74 and 31.02 EUR. Past performance does not guarantee future results.
What do analysts think of Interparfums?
9 analysts cover it; their average recommendation is “Buy” and their average target is 30.37 EUR (−0.5% versus the price). It is an estimate, not market data.