Interparfums, Inc. (IPAR)
Consumer Defensive · NMS · US
Fundamentals
Valuation and ratings
Interparfums, Inc. trades at USD122.72, which is 48% above the USD64.29 our discounted cash flow model puts on the business. On that measure it screens as expensive, which is not the same as saying it will fall.
Our moat model scores it 62 out of 100, which is a moat, but not a deep one. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 22.4 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
About Interparfums, Inc.
Interparfums, Inc., together with its subsidiaries, manufactures, markets, and distributes a range of fragrances and fragrance related products in the United States and internationally. It operates in two segments, European Based Operations and United States Based Operations. The company offers its fragrance and cosmetic products under the Boucheron, Coach, Jimmy Choo, Karl Lagerfeld, Kate Spade, Lanvin, Moncler, Montblanc, Rochas, Longchamp, Off-White, Van Cleef & Arpels, Abercrombie & Fitch, Anna Sui, Donna Karan, DKNY, Emanuel Ungaro, Ferragamo, Graff, GUESS, Hollister, MCM, Oscar de la Renta, Ungaro, and Roberto Cavalli brands, as well as French Connection, Intimate, Solférino, Tristar, and Lacoste trademarks. It sells its products to department stores, perfumeries, specialty stores, duty free shops, and domestic and international wholesalers and distributors, as well as through e-commerce sites. The company was formerly known as Jean Philippe Fragrances, Inc. and changed its name to Inter Parfums, Inc. in July 1999. Interparfums, Inc. was founded in 1982 and is headquartered in New York, New York.
IPAR passes 2 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Smart money ownership
9 of the funds we track reported a position in their latest SEC 13F filing. Largest first:
- Cliff Asness, AQR CAPITAL MANAGEMENT LLC$16.26M · 0.0% of book
- Israel Englander, MILLENNIUM MANAGEMENT LLC$8.04M · 0.0% of book
- Steve Cohen, Point72 Asset Management, L.P.$6.14M · 0.0% of book
- Lee Ainslie, MAVERICK CAPITAL LTD$5.15M · 0.1% of book
- D. E. Shaw, D. E. Shaw & Co., Inc.$4.19M · 0.0% of book
A word of warning on reading these figures: a 13F reports the market value of a holding, so a fund that traded nothing at all still appears to have sold when the price fell. We found 102 companies where the standard reading gives the opposite answer. Only the share count is honest.
Common questions
Is Interparfums, Inc. (IPAR) undervalued?
Against our discounted cash flow estimate of USD64.29, IPAR at USD122.72 is 48% above fair value. That is one model's answer, not a recommendation, and most of a DCF's output sits in a terminal value nobody can forecast.
Which funds own IPAR?
9 of the institutions we track reported a position in IPAR in their most recent SEC 13F filing. A 13F is filed up to 45 days after quarter end, so it tells you what a fund held then, not what it holds now.
What is IPAR's P/E ratio?
IPAR trades at 22.4 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
The full research page for IPAR, with financial statements, ownership detail, peer comparison and alerts, is free inside the app.
Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.