HESAF News and Press, Hermes Intl Sa From 10/12/22

Summary With a P/E ratio of over 40x, Hermes is highly valued even compared to other luxury peers, many of which have higher than average market multiples too. Its continued growth in Asia, despite China's slowdown and expanding margins even in an inflationary period, make it stan...

Hermes' Q2 results were impressive and the company managed to beat consensus expectations. Guidance maintained. The premium valuation is well deserved, but we remain neutral. The luxury group Hermès International Société en commandite par actions ([[HESAF]...

Alphyn Capital Management LLC (“ACML”) is a registered investment advisor in New York. We help clients invest in high quality public companies to both preserve and grow their wealth over the long-term. The Master Account, in which I am personally invested alongside SMA c...

Hermès produces and sells luxury goods from various categories and is the absolute leader in this space. The financial metrics are excellent in every aspect. Hermès is still under the effect of a temporary margin tailwind as an after effect of the pandemic. A reversi...

LVMH owns many of the world's leading luxury brands, including LV and Dior. LVMH has performed extremely well during the last few years on the back of effective marketing. Economic conditions are deteriorating but it is difficult to see where we go from here; importantly, we believe L...

The French luxury giant reached €2.765 billion revenue in 2022 Q1, well above analyst expectations. This was supported by the Americas area with a 44% increase. 1% Russian exposure and no business in Ukraine. Hermès is also trading at an all-time high PE reaching now 5...

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 pr...

LVMH reported strong organic revenue growth of 40% for 9M 2021 vs 2020 and 11% vs 2019. The biggest segment Fashion & Leather Goods announced a record organic revenue, up 57% vs 2020. Due to the high exposure to Asia, investors need to be prepared for short-term noise from Chi...

Watching the Afghan government giving way when the Taliban effectively took control of the capital led me to see the parallels with the spectacular fall in the Chinese internet space. While frightening, the crackdowns by Beijing seem to favor the incumbents and facilitate greater cons...

China's recent crackdown on businesses that do not support the country's goals may affect companies selling luxury goods in the country. Investors are worried that China's government will more aggressively push for social equality as the country is intervening in companies that could contribu...