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home / news releases / LVMHF - Hermes: More Expensive Than Its Peers And Definitely No Bargain

LVMHF - Hermes: More Expensive Than Its Peers And Definitely No Bargain

LVMH Moet Hennessy Louis Vuitton

2023-03-20 00:47:31 ET

Summary

  • With the top line increasing 29% and earnings per share increasing 38%, Hermes reported great results for fiscal 2022.
  • Hermes will not be able to repeat the performance of the last two years and Bain & Company is only expecting mid-single digit growth rates.
  • In my opinion the stock is still trading for a premium and not a great investment at this point.

For further details see:

Hermes: More Expensive Than Its Peers And Definitely No Bargain
Stock Information
Company Name: LVMH Moet Hennessy Louis Vuitton
Stock Symbol: LVMHF
Market: OTC
Website: lvmh.com
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