Even a pair of simple sandals from Jimmy Choo (CHOO) could set you back £300 - and that's cheap compared with some of the luxury retailer's other ranges. But this combination of exclusivity, quality and design is why the brand has gained such a following in recent years, including on the stock market. The company listed at 140p in October, since when the share price is up by more than a fifth.
Last year's performance is likely to keep investors happy, too. Like-for-like retail revenues grew 6 per cent as the seller of sought-after stilettos reported strong performances in Asia and Japan, where sales grew 35 per cent and 9 per cent, respectively. Nine new stores and a good performance from the wholesale and licensing divisions left group revenue 12 per cent higher year on year. The snag was currency drag, which cut the topline growth in half.
Meanwhile, margins improved, boosting adjusted cash profits by 7 per cent to £50.2m and adjusted EPS to 6.1p. The reported pre-tax loss can be attributed to one-off IPO costs and borrowing charges. Given that October's listing has slashed the debt pile, these charges should shrink.
Analysts are expecting EPS of 7.8p this year, on average, according to Bloomberg.
| JIMMY CHOO (CHOO) | ||||
|---|---|---|---|---|
| ORD PRICE: | 169p | MARKET VALUE: | £659m | |
| TOUCH: | 168-170p | 12-MONTH HIGH: | 183p | LOW:139p |
| DIVIDEND YIELD: | nil | PE RATIO: | na | |
| NET ASSET VALUE: | 114p* | NET DEBT: | 28% | |
| Year to 31 Dec | Turnover (£m) | Pre-tax profit (£m) | Earnings per share (p) | Dividend per share (p) |
|---|---|---|---|---|
| 2012** | 243 | -7.1 | na | na |
| 2013** | 282 | -21.4 | na | na |
| 2014 | 300 | -8.3 | -12 | nil |
| % change | +6 | - | - | - |
Ex-div: na Payment: na *Includes intangible assets of £585.2m, or 150p a share **Pre-IPO figures | ||||
