Birkenstock Holding plc Ordinary Shares (BIRK)

FairStock Score: 67/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

At $34.18 on 2026-10-13, Birkenstock trades at a FairStock-calculated P/E of 16.28, P/B of 1.89, and EV/EBITDA of 12.95. The business has a recognizable footbed-based footwear franchise and sells through e-commerce, owned retail, and B2B channels globally. That gives some pricing power and distribution reach, though it remains consumer cyclical and exposed to discretionary spending. Financial health is decent: in fiscal Q2 2026, revenue was $719.5M and net income was $109.6M, a 15.23% net margin. Trailing free cash flow was $291.4M, a 3.9% FCF yield, and the Piotroski F-Score was 8/9, suggesting improving fundamentals. But the supplied growth figures show revenue up 7.66% and profit down 22.10%, so sales gains are not flowing to the bottom line. ROCE of 6.71% and ROE of 12.36% are not extraordinary, and debt to equity of 0.69 with an Altman Z-Score of 2.11 leaves only moderate safety. The Graham Number is $27.28, so at $34.18 the price is 25.29% above that conservative value estimate—no margin of safety. The FairStock Score of 67/100 and no Lynch category—because only 0 years of filed results exist versus the needed 3—also argue for caution. This is a quality-ish brand with cash generation, but not a classic Graham bargain. I would want either stronger profit conversion or a lower price before calling it compelling.

In plain English: Birkenstock makes sandals, closed-toe shoes, and some skincare items and sells them around the world. Sales are growing a little, but profits have fallen, so the business looks mixed rather than clearly strong. At $34.18, the price looks fair but not a clear bargain compared with the company's earnings and conservative value estimate.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer