Added to YB: 2026-10-06
Pitch date: 2026-09-30
IPAR [neutral]
Interparfums, Inc.
+3.89%
current return
Author Info
No bio for this author
Company Info
Interparfums, Inc., together with its subsidiaries, manufactures, markets, and distributes a range of fragrances and fragrance related products in the United States and internationally.
Market Cap
$3.6B
Pitch Price
$110.80
Price Target
N/A
Dividend
2.81%
EV/EBITDA
13.43
P/E
21.78
EV/Sales
2.55
Sector
Personal Care Products
Category
value
$IPAR: The Fragrance Compounder That Doesn’t Own Its Best Brands
IPAR (monitor): Interparfums’ licensed fragrance portfolio, strong balance sheet, high historical returns on capital and 43% combined founder ownership support the long-term case, but revenue growth slowed to 2.5% in 2025 and the 2027 launch cycle must revive growth without higher marketing and royalty intensity eroding economics. At $113, the base-case model yields only 3.0% annualized TSR versus a 12% hurdle, requiring an entry near $78.91; an unremediated internal-control weakness adds uncertainty.
Read full article (10 min)