Birkenstock Holding plc
Birkenstock Holding plc is a holding company for the Birkenstock Group, a global footwear business known for footbed-based products. Birkenstock Holding plc designs, manufactures, and sells sandals, shoes, and closed-toe silhouettes built around its anatomically shaped footbeds, alongside skincare products and accessories. Its product range serves everyday leisure and workwear needs and is distributed across major regions including the Americas, Europe, the Middle East, Africa, and Asia Pacific. The company sells through e-commerce channels, owned retail stores, and business-to-business relationships, giving it a broad presence in both direct-to-consumer and wholesale markets. Headquartered in London, Birkenstock Holding plc remains a well-recognized name in the premium footwear segment, with its core business centered on comfort-oriented, function-driven products.
$33.85
-$2.04 (-5.68%)
EOD Oct 16, 2026
26.31% operating margin is above average. ROIC at 9.41%. Note that capital returns lag the margin, the business may be capital-intensive despite high margins.
Revenue declined 0.9% YoY. The question is whether this is cyclical or a structural shift.
Free cash flow declined 28% versus the prior year, cash generation momentum has weakened.
16.4x earnings, 18.7x FCF. Valuation is in a reasonable range. The main question is whether the business can re-accelerate or if current trajectory is already priced in.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
€2.27B
▼ -0.9% YoY
Net Income (TTM)
€336M
▲ +55.0% YoY
Op. Margin
24.94%
▲ +1.9pp YoY
ROIC
9.41%
▲ +1.9pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€291M
▼ -28.1% YoY
Op. Cash Flow (TTM)
€400M
▼ -25.7% YoY
Net Debt
€969M
Cash & Equiv.
€341M
3Y CAGR: +19.1%
3Y CAGR: +22.8%
Continue Research
Is Birkenstock Holding (BIRK) overvalued?
At a P/E of 16.4 and a price-to-free-cash-flow of 18.7, Birkenstock Holding (BIRK) trades below a two-stage DCF intrinsic value of about €58.53 per share, so at €33.85 the stock looks undervalued (72.9% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Birkenstock Holding scores 66/100 on Intrinsiqq's quality scorecard (a solid business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. All figures are computed from company filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.
Frequently asked
What is Birkenstock Holding's fair value?+
Intrinsiqq's two-stage DCF estimates an intrinsic value of about €58.53 per share for BIRK, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around €43.90. At today's €33.85, that puts the stock about 72.9% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Is Birkenstock Holding a high-quality business?+
Birkenstock Holding scores 66 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a solid business on these measures. Recent fundamentals include a 24.9% operating margin and a 9.4% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from company filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Is Birkenstock Holding a good stock to buy right now?+
That depends on valuation and quality together, not either alone. BIRK currently trades below its estimated intrinsic value and scores 66/100 on quality (solid). A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from company filings, not investment advice.
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Data sourced from company filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.