Capri has agreed to be sold to narrow-moat Tapestry for $57 per share, but the US Federal Trade Commission has blocked the deal on antitrust concerns. We believe that Tapestry and Capri remain motivated to close the acquisition and that it will eventually happen, but the government’s action adds considerable risk that it will not.
Capri has agreed to be acquired by Tapestry for $57 per share. There is significant upside to this price due to the FTC's opposition to the deal, but Tapestry and Capri are prepared to fight to close it.
Given the FTC’s opposition, there is an elevated risk that the sale to Tapestry could fall through.
|
Metric
|
CPRI
|
KER
|
PVH
|
|---|---|---|---|
Price/Earnings (Normalized) | 9.55 | 13.56 | 9.47 |
Price/Book Value | 2.43 | 2.71 | 1.17 |
Price/Sales | 0.75 | 2.10 | 0.70 |
Price/Cash Flow | 11.11 | 9.18 | 7.05 |
|
Metric
|
CPRI
|
KER
|
PVH
|
|---|---|---|---|
Quick Ratio | 0.34 | 0.68 | 0.65 |
Current Ratio | 0.95 | 1.38 | 1.55 |
Interest Coverage | −46.17 | 12.44 | 9.61 |
|
Metric
|
CPRI
|
KER
|
PVH
|
|---|---|---|---|
Return on Assets (Normalized) | 5.68% | 8.33% | 5.93% |
Return on Equity (Normalized) | 22.68% | 20.97% | 13.11% |
Return on Invested Capital (Normalized) | 7.60% | 11.34% | 8.37% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| Lvmh Moet Hennessy Louis Vuitton SE
LVMHF
| — | Nnr | $388.0 Bil | |||
| Lvmh Moet Hennessy Louis Vuitton SE ADR
LVMUY
| Wpsdzvkqb | Gknz | $388.0 Bil | |||
| Hermes International SA
HESAF
| — | Djb | $239.8 Bil | |||
| Hermes International SA ADR
HESAY
| Wlmtpzymm | Pzp | $239.8 Bil | |||
| Christian Dior SE
CHDRF
| — | Nfhv | $131.3 Bil | |||
| Christian Dior SE ADR
CHDRY
| — | Qmyr | $131.3 Bil | |||
| The Swatch Group AG ADR
SWGAY
| Rphtymjf | Nvtqcd | $10.8 Bil | |||
| Tapestry Inc
TPR
| Zrfycdvj | Wbnjhd | $9.2 Bil | |||
| The RealReal Inc
REAL
| Fhglc | Jzxq | $346.0 Mil |
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