Birkenstock Holding PLC (BIRK) vs Fossil Group, Inc. (FOSL)

Birkenstock Holding PLC and Fossil Group, Inc. are both Footwear & Accessories companies. Birkenstock Holding PLC is the larger, with a market value of $5.7B against $337.7M — 16.9× the size. Fossil Group, Inc. has negative trailing earnings, so its P/E is not meaningful; Birkenstock Holding PLC trades at 15.7×. Birkenstock Holding PLC grew revenue faster over the last twelve months: 19.2% against −9.10%. Birkenstock Holding PLC has the higher net margin (14.7% vs −7.09%) and the higher return on invested capital (8.63% vs −1.76%). Across the 18 metrics below, Birkenstock Holding PLC leads on 15 and Fossil Group, Inc. on 3.

Valuation

Metric BIRK FOSL Footwear & Accessories median
P/E 15.75 n/m 15.26
P/S 2.31 0.37 1.16
P/B 1.87 4.95 2.59
Price to free cash flow 18.66 n/m 12.20
EV/EBITDA 9.52 83.71 8.91
EV/Sales 2.83 0.50 1.24
Earnings yield 6.35% (20.67%) 6.11%
Free cash flow yield 5.36% (10.15%) 4.85%

Profitability

Metric BIRK FOSL Footwear & Accessories median
Gross margin 56.84% 56.73% 49.76%
Operating margin 24.25% (0.57%) 8.44%
Net margin 14.74% (7.09%) 5.64%
Free cash flow margin 12.39% (3.77%) 8.18%
Return on equity 12.45% (67.21%) 12.45%
Return on assets 6.40% (10.29%) 6.15%
Return on invested capital 8.63% (1.76%) 9.58%

Growth

Metric BIRK FOSL Footwear & Accessories median
Revenue growth (TTM) 19.21% (9.10%) 3.68%
EPS growth (last fiscal year) 85.59% 25.26% —
Revenue growth, 5-year CAGR — (9.04%) 7.17%
Net income growth, 5-year CAGR — 0.00% 0.00%

Health

Metric BIRK FOSL Footwear & Accessories median
Debt to equity 0.67 2.74 0.46
Current ratio 3.78 1.76 1.96
Net debt to EBITDA 1.46 (13.61) 1.00

Dividend

Metric BIRK FOSL Footwear & Accessories median
Dividend yield — — 2.20%
Payout ratio — 0.00 0.00

Size

Metric BIRK FOSL Footwear & Accessories median
Market cap 5.72b 337.68m 614.40m

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