IPAR - Inter Parfums: Riding The Coattails Of The Success Of Luxury Brands
2024-03-25 10:14:10 ET
Summary
- Inter Parfums is a global distributor of fragrances and cosmetic products, working with luxury brands like Dior and Givenchy.
- The company has experienced strong growth historically, with compounded annualized returns of 16.7% over the last ten years.
- Inter Parfums' stock sold off post-Q4 results as investors got spooked with lower-than-expected guidance.
- With a track record of 'beat and raise' and a management team well-aligned with shareholders, there's reason to believe the company can surpass its expectations for 2024.
- As a growing company consistently acquiring licensing agreements with the world's largest luxury brands, the valuation is reasonable enough to warrant a position.