Inter Parfums, Inc. (IPAR) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-61.4%

$46.23

vs $119.86 price

Levered DCF

$64.96

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

8.7

Safe zone

Rating

A-

Overall 4 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	16.16×	25.64×	30.19×	25.4×	38.73×	49.99×	37.87×	38.12×
P/B	3.09×	5.66×	6.59×	4.99×	5.92×	3.56×	4.89×	4.59×
P/S	1.83×	2.9×	3.5×	2.83×	3.85×	3.54×	3.2×	3.04×
EV / EBITDA	9.18×	14.05×	16.94×	14.43×	20.48×	22.26×	18.51×	17.41×
Gross margin	63.6%	63.9%	63.7%	63.9%	63.3%	61.4%	62.5%	63.3%
Operating margin	18.2%	18.9%	19.1%	17.9%	16.8%	13.0%	14.7%	14.0%
Net margin	11.3%	11.3%	11.6%	11.1%	9.9%	7.1%	8.4%	8.0%
Current ratio	2.99×	2.75×	2.58×	2.29×	2.9×	3.85×	3.11×	3.05×
Debt / equity	0.25×	0.26×	0.28×	0.34×	0.32×	0.1×	0.11×	0.1×
Interest coverage	37.3×	35.12×	22.34×	53.99×	52.41×	35.58×	48.8×	36.75×
Dividend yield	3.8%	2.3%	1.7%	2.1%	0.9%	1.1%	1.5%	1.3%
Payout ratio	61.0%	58.4%	52.4%	52.7%	36.3%	54.4%	57.4%	48.9%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	19.1%	22.1%	21.8%	19.6%	15.3%	7.1%	12.9%	12.0%
Return on invested capital	15.8%	18.4%	17.4%	15.1%	11.7%	6.7%	11.4%	10.8%
Return on assets	10.6%	11.6%	11.1%	9.2%	7.6%	4.3%	7.3%	6.7%
Free cash flow yield	7.0%	4.3%	1.1%	-0.6%	-0.7%	2.8%	2.8%	2.5%
Earnings yield	6.2%	3.9%	3.3%	3.9%	2.6%	2.0%	2.6%	2.6%
Enterprise value	$2.8B	$4.3B	$4.7B	$3.2B	$3.4B	$1.8B	$2.1B	$1.9B
Net debt / EBITDA	0.22×	0.22×	0.37×	0.48×	0.15×	-1.47×	-1.2×	-1.34×
Cash conversion cycle (days)	268	266	280	264	203	303	224	225