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Similar Companies Performance:

Under current market conditions, a Zenith Index Score of 1.20 or above is required for a positive rating on this factor. 1.21 -1.30 is considered acceptable, 1.30-1.40 is considered strong and
> 1.40 is considered exceptionally strong. Accounting statements in this section often contain mistakes, especially in earlier years' totals, but data is deemed sufficient for us to give a rating. More accurate financial statements follow in the next section.

INTER PARFUMS INC  (IPAR)                   INCOME STATEMENT

Fiscal year ends in December.                        2014-12         2015-12         2016-12         2017-12         2018-12             TTM           

Revenue                                          499,260,992     468,540,000     521,072,000     591,251,008     675,574,016     698,924,992
Cost of revenue                                  212,224,000     179,068,992     194,600,992     214,964,992     248,012,000     255,830,000
Gross profit                                     287,036,992     289,471,008     326,471,008     376,286,016     427,561,984     443,095,008


Operating expenses
Sales, General and administrative                233,634,000     228,268,000     258,787,008     295,540,000     332,831,008     341,780,992
Total operating expenses                         233,634,000     228,268,000     258,787,008     295,540,000     332,831,008     341,780,992

Operating income                                  53,403,000      61,203,000      67,684,000      80,746,000      94,731,000     101,314,000
Interest Expense                                   1,478,000       2,826,000       2,340,000       1,992,000       2,578,000       2,378,000
Other income (expense)                             4,790,000       2,119,000       1,730,000        -689,000       3,706,000       1,565,000
Income before taxes                               56,715,000      60,496,000      67,074,000      78,065,000      95,859,000     100,501,000
Provision for income taxes                        19,370,000      21,527,000      23,826,000      22,812,000      26,144,000      26,330,000
Net income from continuing operations             37,345,000      38,969,000      43,248,000      55,253,000      69,715,000      74,171,000
Other                                             -7,909,000      -8,532,000      -9,917,000     -13,659,000     -15,922,000     -15,975,000
Net income                                        29,436,000      30,437,000      33,331,000      41,594,000      53,793,000      58,196,000
Net income available to common shareholders       29,436,000      30,437,000      33,331,000      41,594,000      53,793,000      58,196,000

Earnings per share
Basic                                                   0.95            0.98            1.07            1.33            1.72            1.85 
Diluted                                                 0.95            0.98            1.07            1.33            1.71            1.85 

Weighted average shares outstanding
Basic                                             30,931,308      30,996,136      31,072,328      31,172,284      31,307,992      31,386,492
Diluted                                           31,060,326      31,100,216      31,175,598      31,305,100      31,522,372      31,634,372

____________________________________________________________________________________________________________________________________________


INTER PARFUMS INC  (IPAR)                   BALANCE SHEET

Fiscal year ends in December.                        2014-12         2015-12         2016-12         2017-12         2018-12             

Assets

Current assets

Cash

Short-term investments                           190,152,000      82,847,000      94,202,000      69,899,000      67,870,000
Total cash                                       280,289,984     259,814,000     256,030,000     278,241,984     261,006,000

Receivables                                       90,124,000      95,082,000     104,819,000     120,749,000     136,420,000
Inventories                                      102,326,000      98,346,000      96,977,000     137,058,000     160,978,000
Deferred income taxes                              6,848,000       7,182,000       8,090,000               0               0
Other current assets                               6,975,000       8,333,000      14,299,000      13,229,000      10,998,000
Total current assets                             486,563,008     468,756,992     480,215,008     549,278,016     569,401,984

Non-current assets

Property, plant and equipment
Gross property, plant and equipment               27,587,000      29,388,000      32,960,000      38,713,000      38,104,000
Accumulated Depreciation                         -18,400,000     -20,055,000     -22,884,000     -28,383,000     -28,265,000
Net property, plant and equipment                  9,187,000       9,333,000      10,076,000      10,330,000       9,839,000

Intangible assets                                 98,531,000     201,335,008     183,868,000     200,495,008     204,324,992
Deferred income taxes                                      0               0               0       9,658,000       9,299,000
Other long-term assets                            10,225,000       8,234,000       8,250,000       8,011,000       6,302,000
Total non-current assets                         117,943,000     218,902,000     202,194,000     228,494,000     229,764,992

Total assets                                     604,505,984     687,659,008     682,409,024     777,772,032     799,166,976 

Liabilities and stockholders' equity

Liabilities

Current liabilities
Short-term debt                                      298,000      22,163,000      21,498,000      24,372,000      23,155,000
Accounts payable                                  46,646,000      50,636,000      49,507,000      52,609,000      58,328,000
Taxes payable                                      3,773,000       7,359,000       3,331,000       1,722,000       4,396,000
Accrued liabilities                               49,194,000      46,890,000      62,609,000      72,730,000      82,852,000
Other current liabilities                          3,717,000       4,035,000       5,293,000      15,674,000      18,246,000
Total current liabilities                        103,628,000     131,083,000     142,238,000     167,107,008     186,976,992

Non-current liabilities
Long-term debt                                             0      76,443,000      53,064,000      36,207,000      22,906,000
Deferred taxes liabilities                         2,154,000       3,746,000       3,449,000       3,821,000       3,538,000
Minority interest                                116,659,000     110,800,000     113,267,000     137,339,008     138,139,008
Total non-current liabilities                    118,813,000     190,988,992     169,780,000     177,367,008     164,583,008

Total liabilities                                222,440,992     322,072,000     312,017,984     344,473,984     351,560,000 

Stockholders' equity

Common stock                                          31,000          31,000          31,000          31,000          31,000
Additional paid-in capital                        60,200,000      62,030,000      63,103,000      66,004,000      69,970,000
Retained earnings                                374,120,992     388,433,984     402,713,984     422,569,984     448,731,008
Treasury stock                                   -36,464,000     -36,817,000     -37,475,000     -37,475,000     -37,475,000
Accumulated other comprehensive income           -15,823,000     -48,091,000     -57,982,000     -17,832,000     -33,650,000
Total stockholders' equity                       382,064,992     365,587,008     370,391,008     433,297,984     447,607,008
Total liabilities and stockholders' equity       604,505,984     687,659,008     682,409,024     777,772,032     799,166,976

____________________________________________________________________________________________________________________________________________


INTER PARFUMS INC  (IPAR)                   Statement of CASH FLOW

Fiscal year ends in December. USD.                   2014-12         2015-12         2016-12         2017-12         2018-12             TTM           

Cash Flows From Operating Activities
Net income                                        37,345,000      38,969,000      43,248,000      55,253,000      69,715,000      74,171,000
Depreciation & amortization                       10,166,000       9,078,000      15,341,000      11,914,000      11,031,000       9,635,000
Investments losses (gains)                                 0         903,000         682,000      -1,254,000        -302,000        -869,000
Deferred income taxes                               -557,000         829,000      -1,374,000        -591,000        -158,000         793,000
Stock based compensation                             856,000         787,000       1,198,000       2,093,000       2,205,000       3,028,000
Change in working capital                        -10,939,000        -664,000        -228,000     -32,463,000     -20,892,000     -19,496,000
Accounts receivable                              -19,607,000     -12,573,000     -13,156,000      -6,016,000     -23,032,000     -10,023,000
Inventory                                          4,344,000      -4,354,000        -909,000     -28,518,000     -29,341,000     -12,986,000
Accounts payable                                  -4,996,000      12,973,000      18,690,000       5,696,000      25,592,000       2,645,000
Other working capital                              9,320,000       3,290,000      -4,853,000      -3,625,000       5,889,000         868,000
Other non-cash items                                -258,000         182,000      -4,303,000         939,000       1,442,000       2,440,000
Net cash provided by operating activities         36,613,000      50,084,000      54,564,000      35,891,000      63,041,000      69,702,000

Cash Flows From Investing Activities
Investments in property, plant, and equipmen      -3,302,000      -4,158,000      -4,777,000      -3,023,000      -3,956,000      -4,809,000
Purchases of investments                        -245,810,000     -62,415,000     -57,289,000     -31,874,000     -10,030,000     -27,773,000
Sales/Maturities of investments                  212,762,000     151,771,008      42,604,000      66,981,000       8,859,000      37,112,000
Purchases of intangibles                            -922,000    -119,788,000        -965,000      -1,046,000      -8,509,000      -1,128,000
Sales of intangibles                                       0               0               0       5,886,000               0               0
Net cash used for investing activities           -37,272,000     -34,590,000     -20,427,000      36,924,000     -13,636,000       3,402,000

Cash Flows From Financing Activities
Debt issued                                                0     110,970,000               0               0               0               0
Debt repayment                                             0     -11,761,000     -21,884,000     -22,362,000     -23,487,000     -22,623,000
Common stock issued                                1,030,000       1,327,000       1,565,000               0               0               0
Common stock repurchased                             -90,000         -32,000         -77,000               0               0               0
Excess tax benefit from stock based compe            670,000         260,000               0               0               0               0
Dividend paid                                    -14,841,000     -15,806,000     -18,015,000     -21,192,000     -26,287,000     -30,436,000
Other financing activities                        -9,479,000      -3,183,000      -6,225,000      -4,076,000      -6,108,000     -11,992,000
Net cash provided by (used for) financing        -22,710,000      81,775,000     -44,636,000     -47,630,000     -55,882,000     -65,051,000

Effect of exchange rate changes                  -12,143,000     -10,440,000      -4,640,000      21,330,000      -8,730,000      -6,581,000
Net change in cash                               -35,512,000      86,829,000     -15,139,000      46,515,000     -15,207,000       1,472,000
Cash at beginning of period                      125,650,000      90,138,000     176,967,008     161,828,000     208,343,008     145,318,000
Cash at end of period                             90,138,000     176,967,008     161,828,000     208,343,008     193,136,000     146,790,000

Free Cash Flow
Operating cash flow                               36,613,000      50,084,000      54,564,000      35,891,000      63,041,000      69,702,000
Capital expenditure                               -4,224,000    -123,946,000      -5,742,000      -4,069,000     -12,465,000      -5,937,000
Free cash flow                                    32,389,000     -73,862,000      48,822,000      31,822,000      50,576,000      63,765,000
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. . . . . . . . . . . . Lowest to Highest, Compared to Industry

Intrinsic Value by Discounted Cash Flow Method:

Fair Value Estimate:

Institutional Orders to Buy or Sell:

Zenith uses the "sentiment" score above or below 50 to award a positive or negative point in the Decision Matrix.

As the short interest rises as a percentage of average daily share volume (Days to Cover), this is considered a measure of negative sentiment. Similarly, a decrease in that percentage is considered positive sentiment.

The theory is that connecting the two most recent peaks or valleys of the MACD histogram will signal the direction of the next major move.

2 Days:

6 out of 11 favorable, (positive opinion.)

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"Neurostock" can only track long trades. Therefore its performance, as tracked by itself on stocks which are consistently falling, may not appear as good as it could if each "sell" signal were a "short sale."

2 out of 3 of the ultimate systems favor a downmove.

System Below:
Short term outlook: Positive: Bright Green, Negative: Bright Red
Long term outlook: Postive: Dark Green, Negative: Dark Red.

Place 460 shares of Inter Parfums Inc. (IPAR) on the Active List.