HESAF - Hermès Still Looks Expensive At 50x P/E 0.65% Dividend Yield
- As was widely expected, Hermès posted exceptional full-year fiscal 2021 results, with strong growth in revenue, profits and its net cash position.
- Fourth quarter figures imply a more subdued near-term, with the firm running up against production constraints and likely downward pressure on record-high margins.
- That is largely to be expected, however, and doesn't detract from the company's great long-term prospects.
- That said, the valuation remains pretty expensive, with the shares currently at a P/E of around 50x.
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Hermès Still Looks Expensive At 50x P/E, 0.65% Dividend Yield