What are the investment strengths of Capri Holdings Ltd (CPRI)?

Gross margin 63% (vs 35% industry median) shows brand pricing power intact; operational fix could unlock 500M+ EBITDA. P/S 0.67x vs 1.3x industry median; if revenue stabilizes, multiple re-rating to peers implies 2x upside.

What are the investment risks for Capri Holdings Ltd (CPRI)?

Negative equity with 2.9B debt and -30M FCF creates liquidity crisis risk; may need dilutive equity raise. Revenue declining 15% 3Y while taking 798M impairment signals brand deterioration, not temporary weakness.

Capri Holdings Ltd

CPRI

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Capri Holdings Ltd AI Insights

Informational only. Not investment advice.

As of 2025-12-31

Snapshot

Negative equity (-74M) with 2.9B debt creates existential balance sheet risk; liabilities exceed assets by 70M.[Common Stockholders Equity]
798M impairment charge TTM (11x industry median) drove -1.2B net loss; goodwill still 203M at risk.[Asset Impairment Charge TTM]
Revenue down 15% 3Y CAGR vs industry +4% median; gross margin 63% masks operating collapse to 1.2%.[Total Revenue 3yr Growth]

Watch Triggers

Free Cash Flow TTM: Turns positive >100M — Proves operational turnaround; current -30M threatens debt service
Total Revenue TTM: Sequential quarterly growth >2% — Reverses 3Y decline trend; validates brand relevance
Total Debt: Reduction below 2B — At 12x EBITDA, any deleveraging critical to survival

Bull Case

Gross margin 63% (vs 35% industry median) shows brand pricing power intact; operational fix could unlock 500M+ EBITDA.

Gross Margin TTMEBITDA TTM

P/S 0.67x vs 1.3x industry median; if revenue stabilizes, multiple re-rating to peers implies 2x upside.

PS RatioTotal Revenue TTM

Bear Case

Negative equity with 2.9B debt and -30M FCF creates liquidity crisis risk; may need dilutive equity raise.

Total DebtFree Cash Flow TTMCommon Stockholders Equity

Revenue declining 15% 3Y while taking 798M impairment signals brand deterioration, not temporary weakness.

Total Revenue 3yr GrowthAsset Impairment Charge TTM

Bull vs Bear Balance

AI-generated sentiment analysis based on fundamental metrics and market conditions.

25%

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Forward Thesis

Turnaround unlikely without debt restructuring or asset sales given negative equity position

1-3yhigh

2.9B debt at 12x EBITDA unsustainable
FCF negative (-30M TTM) can't service debt
Revenue declining 5% 5Y CAGR

Net debt 1.6B vs -74M equityOperating margin 1.2% vs 3% industry medianCash only 120M vs 11M current debt

Valuation Context

Caveats

Public Strategies Rankings

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CPRI Fundamentals

Wholesale Trade → Merchant Wholesalers, Durable Goods

Metric	Value	YoY Growth	Industry Percentile
Market Cap	$2.12B		—
Enterprise Value	$3.28B		—
P/E Ratio	0.00		—
Total Revenue - TTM	$4.33B	-6.6%	—
Earnings Per Share (diluted) - TTM	$-4.28		—
Operating Margin - TTM	0.14%	-2.4%	—
Net Margin - TTM	-11.7%	+10.1%	—
Free Cash Flow - TTM	$-134.0M		—
Return on Common Equity - TTM	-85.9%	-18.7%	—
Beta 5Y (Monthly)	unknown		—

CPRI Dividend History

No dividends

CPRI Stock Splits

No stock splits

CPRI SEC Filings

Filing Date	Report Date	Report Type	Filing Link
02/03/26	12/27/25	10-Q	0001530721-26-000012
11/04/25	09/27/25	10-Q	0001530721-25-000142
08/07/25	06/28/25	10-Q	0001530721-25-000113
05/28/25	03/29/25	10-K	0001530721-25-000052
02/05/25	12/28/24	10-Q	0001530721-25-000015
11/07/24	09/28/24	10-Q	0001530721-24-000125
08/08/24	06/29/24	10-Q	0001530721-24-000096
05/29/24	03/30/24	10-K	0001530721-24-000041
02/08/24	12/30/23	10-Q	0001530721-24-000018
11/09/23	09/30/23	10-Q	0001530721-23-000194
08/10/23	07/01/23	10-Q	0001530721-23-000174
05/31/23	04/01/23	10-K	0001530721-23-000087
02/08/23	12/31/22	10-Q	0001530721-23-000033
11/09/22	10/01/22	10-Q	0001530721-22-000154
08/09/22	07/02/22	10-Q	0001530721-22-000131
06/01/22	04/02/22	10-K	0001530721-22-000054
02/02/22	12/25/21	10-Q	0001530721-22-000013
11/03/21	09/25/21	10-Q	0001530721-21-000179
07/30/21	06/26/21	10-Q	0001530721-21-000143
05/26/21	03/27/21	10-K	0001530721-21-000057
02/03/21	12/26/20	10-Q	0001530721-21-000011
11/05/20	09/26/20	10-Q	0001530721-20-000095
08/05/20	06/27/20	10-Q	0001530721-20-000077
07/08/20	03/28/20	10-K	0001530721-20-000062
02/05/20	12/28/19	10-Q	0001530721-20-000008
11/07/19	09/28/19	10-Q	0001530721-19-000085
08/13/19	06/29/19	10-Q	0001530721-19-000068
05/29/19	03/30/19	10-K	0001530721-19-000023
02/07/19	12/29/18	10-Q	0001530721-19-000006
11/07/18	09/29/18	10-Q	0001530721-18-000113
08/08/18	06/30/18	10-Q	0001530721-18-000088
05/30/18	03/31/18	10-K	0001530721-18-000035
02/13/18	12/30/17	10-Q	0001530721-18-000007
11/08/17	09/30/17	10-Q	0001530721-17-000090
08/09/17	07/01/17	10-Q	0001530721-17-000078
05/31/17	04/01/17	10-K	0001530721-17-000022
02/14/17	12/31/16	10-Q	0001530721-17-000007
11/10/16	10/01/16	10-Q	0001530721-16-000180
08/11/16	07/02/16	10-Q	0001530721-16-000157
06/01/16	04/02/16	10-K	0001530721-16-000090
02/03/16	12/26/15	10-Q	0001530721-16-000084
11/05/15	09/26/15	10-Q	0001530721-15-000065
08/06/15	06/27/15	10-Q	0001193125-15-281010
05/27/15	03/28/15	10-K	0001193125-15-201923
02/05/15	12/27/14	10-Q	0001193125-15-035419
11/06/14	09/27/14	10-Q	0001193125-14-400945
08/07/14	06/28/14	10-Q	0001193125-14-300899
05/28/14	03/29/14	10-K	0001193125-14-215187
02/06/14	12/28/13	10-Q	0001193125-14-038962
11/07/13	09/28/13	10-Q	0001193125-13-432687
08/08/13	06/29/13	10-Q	0001193125-13-326668
05/29/13	03/30/13	10-K	0001193125-13-239625
02/12/13	12/29/12	6-K	0001193125-13-051977
11/13/12	09/29/12	6-K	0001193125-12-467794
08/14/12	06/30/12	6-K	0001193125-12-355634
06/12/12	03/31/12	20-F	0001193125-12-268316
02/12/13	12/31/11	6-K	0001193125-13-050191
12/15/11	10/01/11	424B4	0001193125-11-342549
11/14/12	10/01/11	6-K/A	0001193125-12-468394
08/14/12	07/02/11	6-K	0001193125-12-355634
12/15/11	04/02/11	424B4	0001193125-11-342549