Birkenstock Holding PLC BIRK

Morningstar Rating
$32.97 +0.56 (1.73%)
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Company Report

Birkenstock Combines Niche Positioning With Expanding Appeal

Birkenstock is a heritage footwear brand that differentiates from other global footwear makers by offering comfortable shoes with orthopedic benefits that are manufactured in-house as opposed to industry norms of outsourcing. We believe the company rides a market tailwind of popularity of wellbeing, self-care, and “quiet designs” that significantly boosted Birkenstock sales, which grew more than 3.5 times over the last nine years.

Price vs Fair Value

BIRK is trading at a LOCK|^?BG!f premium.
Price
$32.41
Fair Value
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Uncertainty
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1-Star Price
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5-Star Price
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Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

Birkenstock’s current sales are largely driven by its top five models, creating an opportunity to expand through new designs and capture higher price points.

Bears

Birkenstock has recently benefited from market tailwinds driven by the trend toward minimalist design and a relaxed, post-pandemic lifestyle. These trends may not persist to the same extent in the future.

News

Articles & Videos

Trading Information

Previous Close Price
$32.41
Day Range
$32.20–33.38
52-Week Range
$29.93–50.73
Bid/Ask
$32.52 / $33.50
Shares Outstanding
165.13M
Market Cap
$5.44B
Volume/Avg
2M / 2M

Key Statistics

Price/Earnings (Normalized)
13.76
Price/Sales
2.25
Dividend Yield (Trailing)
0.00%
Dividend Yield (Forward)
0.00%
Dividend Payment Schedule
—
Total Yield
5.01%

Company Profile

Birkenstock is a German footwear brand known for comfort-focused, timeless designs, with 76% of 2022 sales coming from its top five iconic models. Products are made in Europe using sustainable, mostly locally sourced materials. The brand combines orthopedic function with everyday style, appealing to a broad audience. The Americas account for 52% of sales, EMEA 37%, with the remainder coming from Asia-Pacific, which has also the higher future growth expectations.
Sector
Consumer Cyclical
Industry
Footwear & Accessories
Stock Style Box
Small Core
Total Number of Employees
8,000

Competitors

Valuation

Metric
BIRK
ADDYY
VFC
Price/Earnings (Normalized)
13.9916.6117.79
Price/Book Value
1.834.223.21
Price/Sales
2.290.960.60
Price/Cash Flow
10.608.844.93
Price/Earnings
BIRK
ADDYY
VFC

Financial Strength

Metric
BIRK
ADDYY
VFC
Quick Ratio
1.970.600.64
Current Ratio
3.781.391.43
Interest Coverage
5.806.963.21
Quick Ratio
BIRK
ADDYY
VFC

Profitability

Metric
BIRK
ADDYY
VFC
Return on Assets (Normalized)
7.20%7.62%3.65%
Return on Equity (Normalized)
13.35%27.00%22.34%
Return on Invested Capital (Normalized)
10.23%14.77%6.67%
Return on Assets
BIRK
ADDYY
VFC

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