IPAR - Inter Parfums: Great Growth Momentum But Beware Of License Risk
2024-06-02 21:30:30 ET
Summary
- Inter Parfums markets and distributes fragrances under licensed brands with notable licenses with Jimmy Choo, Montblanc, and Guess, among others.
- The company has achieved significant growth with great license acquisitions, but license expirations add to long-term growth risks in light of the Burberry challenges from 2012 to 2014.
- Q1 results showed temporary weakness, but Inter Parfums still expects good growth momentum to continue for the remainder of 2024.
- The current valuation prices in a reasonable amount of future growth, making the stock a balanced risk-to-reward in my opinion.
Inter Parfums ( IPAR ) markets and distributes fragrances under a wide range of licensed brands. The company doesn’t own manufacturing facilities, but rather gets the needed components through third-party supplier contracts....
Inter Parfums: Great Growth Momentum, But Beware Of License Risk