Download PDF

1. Company Snapshot

1.a. Company Description

Inter Parfums, Inc., together with its subsidiaries, manufactures, markets, and distributes a range of fragrances and fragrance related products in the United States and internationally.The company operates in two segments, European Based Operations and United States Based Operations.It offers its fragrance and cosmetic products under the Boucheron, Coach, Jimmy Choo, Karl Lagerfeld, Kate Spade, Lily Aldridge, Lanvin, Moncler, Montblanc, Rochas, S.T. Dupont, Van Cleef & Arpels, Abercrombie & Fitch, Anna Sui, babe, Dunhill, Ferragamo, Graff, GUESS, Hollister, MCM, Oscar de la Renta, French Connection, and Ungaro brand names, as well as under the Intimate and Aziza names.


It sells its products to department stores, specialty stores, duty free shops, beauty retailers, and domestic and international wholesalers, and distributors, as well as through e-commerce.The company was formerly known as Jean Philippe Fragrances, Inc.and changed its name to Inter Parfums, Inc.


in July 1999.Inter Parfums, Inc.was founded in 1982 and is headquartered in New York, New York.

Show Full description

1.b. Last Insights on IPAR

Interparfums, Inc.'s recent performance was negatively impacted by moderating demand, leading to a lowered 2025 guidance. Despite a Q3 earnings beat, with $2.05 per share, exceeding the Zacks Consensus Estimate of $1.85, the company reduced its outlook. The management expects 1% sales growth over the next two years and 5% EPS decrease. A slowdown in the fragrance, beauty, and luxury market also affected the company. Interparfums' initial 2026 guidance was recently announced. (Source: Interparfums' Q3 2025 Earnings Call, November 6, 2025)

1.c. Company Highlights

2. Interparfums' Q3 2025 Earnings: A Closer Look at Financial Performance

Interparfums reported net sales of $430 million for the third quarter, representing a 1% increase for both the 3 and 9 months ended September 30, 2025. The company's EPS came in at $2.05, beating analyst estimates of $1.85. The impact of foreign exchange aided the top-line performance, contributing to 2 points of growth in the third quarter. Organic sales, excluding FX and Dunhill, declined 1% in the third quarter but rose 1% for the first 9 months of the year. The company's consolidated effective tax rate on a year-to-date basis was 23.5%, down 20 basis points from 23.7% in the prior year period.

Publication Date: Nov -07

📋 Highlights
  • Q3 Net Sales:: $430 million, reflecting 1% growth for both the quarter and year-to-date, with foreign exchange contributing 2% growth in Q3.
  • Brand Performance:: Jimmy Choo Fragrance sales surged 16% (driven by I Want Choo), Coach grew 6%, and Lacoste on track for $100 million annual sales.
  • Financial Loss & Tax Rate:: $7.7 million loss for the first 9 months, but effective tax rate decreased to 23.5% (down 20 bps) due to a $2 million tax gain.
  • Inventory & Cash Flow:: Inventory levels dropped 6% YoY, while operating cash flow increased $18 million YTD to $68 million, covering 38% of net income.
  • Future Outlook:: Full-year 2025 sales expected at $1.47 billion (1% growth), with 2026 moderate growth and 2027 stronger growth from new licenses like Longchamp ($100M target in 3–5 years).

Segment Performance

Notable highlights include Jimmy Choo Fragrance sales surging 16% during the quarter, largely driven by the I Want Choo fragrance family and Jimmy Choo Man. Coach fragrance sales grew 6% quarter-over-quarter, fueled by its established lines and the launch of Coach Gold. Lacoste fragrances are on track for $100 million in sales this year. The company's business on Amazon is strong, with e-commerce firmly establishing itself as a bright spot.

Guidance and Outlook

The company is refining its full-year 2025 outlook, expecting sales of approximately $1.47 billion, representing 1% year-over-year growth, and diluted earnings per share of $5.12, which is in line with 2024. Interparfums anticipates moderate top and bottom-line growth in 2026 and a return to stronger growth in 2027, driven by enhanced innovation, including the development and distribution of new licenses such as Off-White, Longchamp, and Goutal.

Valuation and Metrics

Interparfums' current valuation metrics include a P/E Ratio of 12.25, P/B Ratio of 3.36, and P/S Ratio of 1.93. The company's ROE stands at 29.2%, and ROIC is 15.86%. With a Dividend Yield of 3.59% and Free Cash Flow Yield of 6.5%, the stock appears to offer a relatively attractive income stream. Analysts estimate next year's revenue growth at 4.3%, which may be factored into the current valuation.

3. NewsRoom

Card image cap

Touchstone Small Cap Fund Q3 2025 Contributors And Detractors

Nov -26

Source: seekingalpha.com

Card image cap

Interparfums: Stable Quality Business At Its Lowest P/E In 10 Years

Nov -25

Source: seekingalpha.com

Card image cap

Interparfums, Inc. $IPAR Shares Purchased by Bahl & Gaynor Inc.

Nov -22

Source: defenseworld.net

Card image cap

Interparfums Maps Out 2026 Strategy Amid Momentum Building for 2027

Nov -19

Source: zacks.com

Card image cap

Interparfums, Inc. Announces Initial 2026 Guidance

Nov -18

Source: globenewswire.com

Card image cap

Interparfums Stock Looks Too Cheap For Its Cash Power

Nov -07

Source: forbes.com

Card image cap

The London Company Small Cap Q3 2025 Performance Update

Nov -07

Source: seekingalpha.com

Card image cap

Interparfums, Inc. (IPAR) Q3 2025 Earnings Call Transcript

Nov -06

Source: seekingalpha.com

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (10.00%)

6. Segments

Fragrances and Fragrance Related Products

Expected Growth: 10%

Inter Parfums, Inc.'s 10% growth in Fragrances and Fragrance Related Products is driven by increasing demand for premium and niche fragrances, expansion into emerging markets, strategic partnerships with fashion brands, and innovative product launches. Additionally, the company's focus on digital marketing and e-commerce platforms has enhanced brand visibility and accessibility, contributing to the segment's growth.

7. Detailed Products

Fragrances

Inter Parfums, Inc. offers a wide range of fragrances for men and women, including perfumes, colognes, and body sprays.

Skincare

The company provides a variety of skincare products, including moisturizers, serums, and cleansers, designed to address specific skin concerns.

Haircare

Inter Parfums, Inc. offers a range of haircare products, including shampoos, conditioners, and styling products, for different hair types and needs.

Candles and Home Fragrances

The company provides a selection of candles, diffusers, and room sprays, designed to create a pleasant atmosphere and ambiance.

Licensing and Private Label

Inter Parfums, Inc. offers licensing and private label services, allowing other companies to create their own branded products.

8. Inter Parfums, Inc.'s Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for Inter Parfums, Inc. is medium due to the presence of established brands and a wide range of products in the fragrance market.

Bargaining Power Of Customers

The bargaining power of customers is low due to the fragmented nature of the market and the lack of concentration among buyers.

Bargaining Power Of Suppliers

The bargaining power of suppliers is medium due to the presence of a few large suppliers of raw materials and the dependence of Inter Parfums, Inc. on these suppliers.

Threat Of New Entrants

The threat of new entrants is high due to the low barriers to entry and the attractiveness of the fragrance market.

Intensity Of Rivalry

The intensity of rivalry is high due to the presence of established brands and the high level of competition in the fragrance market.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 19.35%
Debt Cost 9.71%
Equity Weight 80.65%
Equity Cost 9.96%
WACC 9.91%
Leverage 24.00%

11. Quality Control: Inter Parfums, Inc. passed 6 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
Inter Parfums

A-Score: 5.9/10

Value: 4.9

Growth: 8.1

Quality: 8.1

Yield: 5.0

Momentum: 2.5

Volatility: 7.0

1-Year Total Return ->

View Full Report
Stock-Card
Clorox

A-Score: 5.3/10

Value: 4.0

Growth: 3.9

Quality: 6.5

Yield: 7.0

Momentum: 1.0

Volatility: 9.7

1-Year Total Return ->

View Full Report
Stock-Card
Spectrum Brands

A-Score: 4.8/10

Value: 6.4

Growth: 5.2

Quality: 4.7

Yield: 5.0

Momentum: 0.5

Volatility: 7.0

1-Year Total Return ->

View Full Report
Stock-Card
e.l.f. Beauty

A-Score: 4.4/10

Value: 0.8

Growth: 9.6

Quality: 7.1

Yield: 0.0

Momentum: 7.0

Volatility: 2.0

1-Year Total Return ->

View Full Report
Stock-Card
Newell Brands

A-Score: 3.9/10

Value: 7.8

Growth: 1.4

Quality: 1.9

Yield: 9.0

Momentum: 1.0

Volatility: 2.0

1-Year Total Return ->

View Full Report
Stock-Card
Helen of Troy

A-Score: 3.0/10

Value: 9.5

Growth: 3.0

Quality: 3.1

Yield: 0.0

Momentum: 0.0

Volatility: 2.3

1-Year Total Return ->

View Full Report

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

82.75$

Current Price

82.75$

Potential

-0.00%

Expected Cash-Flows