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MC

LVMH Moët Hennessy - Louis Vuitton Société Européenne ENXTPA:MC Stock Report

Last Price

€610.40

Market Cap

€306.5b

7D

1.2%

1Y

-3.1%

Updated

02 Oct, 2022

Data

Company Financials +
MC fundamental analysis
Snowflake Score
Valuation5/6
Future Growth3/6
Past Performance6/6
Financial Health5/6
Dividends3/6

MC Stock Overview

LVMH Moët Hennessy - Louis Vuitton, Société Européenne operates as a luxury goods company worldwide.

LVMH Moët Hennessy - Louis Vuitton Société Européenne Competitors

Price History & Performance

Summary of all time highs, changes and price drops for LVMH Moët Hennessy - Louis Vuitton Société Européenne
Historical stock prices
Current Share Price€610.40
52 Week High€758.50
52 Week Low€535.00
Beta0.97
1 Month Change-5.31%
3 Month Change4.29%
1 Year Change-3.11%
3 Year Change74.60%
5 Year Change164.93%
Change since IPO366.60%

Recent News & Updates

Shareholder Returns

MCFR LuxuryFR Market
7D1.2%1.3%-0.1%
1Y-3.1%-5.4%-12.3%

Return vs Industry: MC exceeded the French Luxury industry which returned -6.5% over the past year.

Return vs Market: MC exceeded the French Market which returned -12.3% over the past year.

Price Volatility

Is MC's price volatile compared to industry and market?
MC volatility
MC Average Weekly Movement3.5%
Luxury Industry Average Movement3.9%
Market Average Movement4.9%
10% most volatile stocks in FR Market9.3%
10% least volatile stocks in FR Market2.8%

Stable Share Price: MC is less volatile than 75% of French stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: MC's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1923157,953Bernard Arnaulthttps://www.lvmh.com

LVMH Moët Hennessy - Louis Vuitton, Société Européenne operates as a luxury goods company worldwide. The company offers champagnes, wines, and spirits under the Clos des Lambrays, Château d'Yquem, Dom Pérignon, Ruinart, Moët & Chandon, Hennessy, Veuve Clicquot, Ardbeg, Château Cheval Blanc, Glenmorangie, Krug, Mercier, Chandon, Cape Mentelle, Newton Vineyard, Cloudy Bay, Belvedere, Terrazas de los Andes, Bodega Numanthia, Cheval des Andes, Woodinville, Ao Yun, Clos19, and Volcan de mi Tierra brands. It also provides fashion and leather products under the Berluti, Celine, Christian Dior, Emilio Pucci, FENDI, Givenchy, Kenzo, Loewe, Loro Piana, Louis Vuitton, Marc Jacobs, Moynat, Patou, and RIMOWA brands.

LVMH Moët Hennessy - Louis Vuitton Société Européenne Fundamentals Summary

How do LVMH Moët Hennessy - Louis Vuitton Société Européenne's earnings and revenue compare to its market cap?
MC fundamental statistics
Market Cap€306.47b
Earnings (TTM)€13.27b
Revenue (TTM)€72.28b

23.1x

P/E Ratio

4.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MC income statement (TTM)
Revenue€72.28b
Cost of Revenue€22.67b
Gross Profit€49.61b
Other Expenses€36.35b
Earnings€13.27b

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)26.43
Gross Margin68.64%
Net Profit Margin18.36%
Debt/Equity Ratio41.1%

How did MC perform over the long term?

See historical performance and comparison

Dividends

2.0%

Current Dividend Yield

45%

Payout Ratio

Does MC pay a reliable dividends?

See MC dividend history and benchmarks
When do you need to buy MC by to receive an upcoming dividend?
LVMH Moët Hennessy - Louis Vuitton Société Européenne dividend dates
Ex Dividend DateDec 01 2022
Dividend Pay DateDec 05 2022
Days until Ex dividend59 days
Days until Dividend pay date63 days

Does MC pay a reliable dividends?

See MC dividend history and benchmarks
We’ve recently updated our valuation analysis.

Valuation

Is MC undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MC?

Other financial metrics that can be useful for relative valuation.

MC key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue4.6x
Enterprise Value/EBITDA14.9x
PEG Ratio2.7x

Price to Earnings Ratio vs Peers

How does MC's PE Ratio compare to its peers?

MC PE Ratio vs Peers
The above table shows the PE ratio for MC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average28.4x
RMS Hermès International Société en commandite par actions
43.7x10.8%€127.2b
CDI Christian Dior
19.7xn/a€107.4b
EL EssilorLuxottica Société anonyme
34.9x11.2%€62.3b
KER Kering
15.3x9.2%€56.3b
MC LVMH Moët Hennessy - Louis Vuitton Société Européenne
23.1x8.5%€306.5b

Price-To-Earnings vs Peers: MC is good value based on its Price-To-Earnings Ratio (23.1x) compared to the peer average (28.4x).


Price to Earnings Ratio vs Industry

How does MC's PE Ratio compare vs other companies in the European Luxury Industry?

Price-To-Earnings vs Industry: MC is expensive based on its Price-To-Earnings Ratio (23.1x) compared to the European Luxury industry average (13.9x)


Price to Earnings Ratio vs Fair Ratio

What is MC's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio23.1x
Fair PE Ratio36.7x

Price-To-Earnings vs Fair Ratio: MC is good value based on its Price-To-Earnings Ratio (23.1x) compared to the estimated Fair Price-To-Earnings Ratio (36.7x).


Share Price vs Fair Value

What is the Fair Price of MC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MC (€610.4) is trading below our estimate of fair value (€854.27)

Significantly Below Fair Value: MC is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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Future Growth

How is LVMH Moët Hennessy - Louis Vuitton Société Européenne forecast to perform in the next 1 to 3 years based on estimates from 29 analysts?

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


8.5%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MC's forecast earnings growth (8.5% per year) is above the savings rate (0.3%).

Earnings vs Market: MC's earnings (8.5% per year) are forecast to grow slower than the French market (11.1% per year).

High Growth Earnings: MC's earnings are forecast to grow, but not significantly.

Revenue vs Market: MC's revenue (6.7% per year) is forecast to grow faster than the French market (5.3% per year).

High Growth Revenue: MC's revenue (6.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MC's Return on Equity is forecast to be high in 3 years time (24.9%)


Discover growth companies

Past Performance

How has LVMH Moët Hennessy - Louis Vuitton Société Européenne performed over the past 5 years?

Past Performance Score

6/6

Past Performance Score 6/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


18.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: MC has high quality earnings.

Growing Profit Margin: MC's current net profit margins (18.4%) are higher than last year (17.3%).


Past Earnings Growth Analysis

Earnings Trend: MC's earnings have grown by 18.1% per year over the past 5 years.

Accelerating Growth: MC's earnings growth over the past year (40%) exceeds its 5-year average (18.1% per year).

Earnings vs Industry: MC earnings growth over the past year (40%) exceeded the Luxury industry 32%.


Return on Equity

High ROE: MC's Return on Equity (26.7%) is considered high.


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Financial Health

How is LVMH Moët Hennessy - Louis Vuitton Société Européenne's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: MC's short term assets (€37.3B) exceed its short term liabilities (€31.9B).

Long Term Liabilities: MC's short term assets (€37.3B) do not cover its long term liabilities (€46.7B).


Debt to Equity History and Analysis

Debt Level: MC's net debt to equity ratio (21.3%) is considered satisfactory.

Reducing Debt: MC's debt to equity ratio has reduced from 45% to 41.1% over the past 5 years.

Debt Coverage: MC's debt is well covered by operating cash flow (84.2%).

Interest Coverage: MC's interest payments on its debt are well covered by EBIT (104.4x coverage).


Balance Sheet


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Dividend

What is LVMH Moët Hennessy - Louis Vuitton Société Européenne current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


1.97%

Current Dividend Yield

Upcoming Dividend Payment

TodayOct 03 2022Ex Dividend DateDec 01 2022Dividend Pay DateDec 05 20224 days from Ex DividendBuy in the next 59 days to receive the upcoming dividend

Dividend Yield vs Market

LVMH Moët Hennessy - Louis Vuitton Société Européenne Dividend Yield vs Market
How does LVMH Moët Hennessy - Louis Vuitton Société Européenne dividend yield compare to the market?
SegmentDividend Yield
Company (LVMH Moët Hennessy - Louis Vuitton Société Européenne)2.0%
Market Bottom 25% (FR)2.0%
Market Top 25% (FR)6.1%
Industry Average (Luxury)1.8%
Analyst forecast in 3 Years (LVMH Moët Hennessy - Louis Vuitton Société Européenne)2.2%

Notable Dividend: MC's dividend (1.97%) isn’t notable compared to the bottom 25% of dividend payers in the French market (2.03%).

High Dividend: MC's dividend (1.97%) is low compared to the top 25% of dividend payers in the French market (6.06%).


Stability and Growth of Payments

Stable Dividend: MC's dividend payments have been volatile in the past 10 years.

Growing Dividend: MC's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (45.5%), MC's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (42.2%), MC's dividend payments are well covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

16.3yrs

Average management tenure


CEO

Bernard Arnault (73 yo)

34.08yrs

Tenure

€7,929,234

Compensation

Mr. Bernard Arnault serves as an Executive Chairman at LVMH Moët Hennessy Louis Vuitton Inc., and LVMH Moët Hennessy - Louis Vuitton, Société Européenne (formerly known as LVMH Moët Hennessy Louis Vuitton...


CEO Compensation Analysis

Bernard Arnault's Compensation vs LVMH Moët Hennessy - Louis Vuitton Société Européenne Earnings
How has Bernard Arnault's remuneration changed compared to LVMH Moët Hennessy - Louis Vuitton Société Européenne's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

€13b

Mar 31 2022n/an/a

€13b

Dec 31 2021€8m€1m

€12b

Sep 30 2021n/an/a

€11b

Jun 30 2021n/an/a

€9b

Mar 31 2021n/an/a

€7b

Dec 31 2020€6m€949k

€5b

Sep 30 2020n/an/a

€5b

Jun 30 2020n/an/a

€4b

Mar 31 2020n/an/a

€6b

Dec 31 2019€8m€1m

€7b

Sep 30 2019n/an/a

€7b

Jun 30 2019n/an/a

€7b

Mar 31 2019n/an/a

€6b

Dec 31 2018€8m€1m

€6b

Sep 30 2018n/an/a

€6b

Jun 30 2018n/an/a

€6b

Mar 31 2018n/an/a

€6b

Dec 31 2017€8m€1m

€5b

Sep 30 2017n/an/a

€5b

Jun 30 2017n/an/a

€4b

Mar 31 2017n/an/a

€4b

Dec 31 2016€8m€1m

€4b

Sep 30 2016n/an/a

€4b

Jun 30 2016n/an/a

€4b

Mar 31 2016n/an/a

€4b

Dec 31 2015€10m€1m

€4b

Compensation vs Market: Bernard's total compensation ($USD7.78M) is above average for companies of similar size in the French market ($USD3.59M).

Compensation vs Earnings: Bernard's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: MC's management team is seasoned and experienced (16.3 years average tenure).


Board Members

Experienced Board: MC's board of directors are seasoned and experienced ( 13.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

What is the ownership structure of MC?
Owner TypeNumber of SharesOwnership Percentage
Private Companies12,268,7792.4%
Institutions149,270,15729.7%
General Public340,535,89367.8%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 25 shareholders own 25.3% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
6.19%
Financière Agache Société Anonyme
31,056,678€19.0b2.04%65.21%
2.92%
Capital Research and Management Company
14,636,455€8.9b0.01%0.61%
2.5%
BlackRock, Inc.
12,553,794€7.7b-0.16%0.19%
2.03%
Groupe Arnault SAS
10,197,545€6.2b0%6.29%
1.94%
The Vanguard Group, Inc.
9,741,165€5.9b1.44%0.14%
1.89%
Le Peigne SA
9,500,000€5.8b0%no data
1.09%
Norges Bank Investment Management
5,484,424€3.3b0%0.45%
1%
FMR LLC
5,011,781€3.1b2.86%0.29%
0.7%
Amundi Asset Management
3,536,259€2.2b-10.83%0.66%
0.63%
Massachusetts Financial Services Company
3,181,447€1.9b0.12%0.5%
0.55%
Groupe familial Arnault
2,768,779€1.7b0%no data
0.47%
Jennison Associates LLC
2,358,300€1.4b-3.83%1.29%
0.47%
Invesco Ltd.
2,335,979€1.4b-2.75%0.48%
0.45%
Fisher Asset Management, LLC
2,257,018€1.4b-1.67%1%
0.35%
J.P. Morgan Asset Management, Inc.
1,735,163€1.1b-3.58%0.2%
0.31%
Geode Capital Management, LLC
1,533,808€936.2m0.22%0.12%
0.28%
Deutsche Asset & Wealth Management
1,391,136€849.1m-0.18%0.36%
0.25%
WCM Investment Management, LLC
1,234,237€753.4m-6.64%1.75%
0.21%
Janus Henderson Group plc
1,050,060€641.0m0.66%0.36%
0.2%
UBS Asset Management
1,010,547€616.8m0.88%0.12%
0.19%
Aviva Investors Global Services Limited
969,350€591.7m0.18%1.17%
0.19%
Fidelity International Ltd
931,087€568.3m-0.51%0.3%
0.18%
Fundsmith, LLP
907,077€553.7m107.15%1.85%
0.17%
Comgest S.A.
840,171€512.8m-0.25%2.48%
0.16%
Natixis Investment Managers International
822,020€501.8m-4.72%2%

Company Information

LVMH Moët Hennessy - Louis Vuitton, Société Européenne's employee growth, exchange listings and data sources


Key Information

  • Name: LVMH Moët Hennessy - Louis Vuitton, Société Européenne
  • Ticker: MC
  • Exchange: ENXTPA
  • Founded: 1923
  • Industry: Apparel, Accessories and Luxury Goods
  • Sector: Consumer Durables
  • Implied Market Cap: €306.466b
  • Shares outstanding: 502.07m
  • Website: https://www.lvmh.com

Number of Employees


Location

  • LVMH Moët Hennessy - Louis Vuitton, Société Européenne
  • 22, Avenue Montaigne
  • Paris
  • Ile-de-France
  • 75008
  • France


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
LVMH.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDNov 1987
MCENXTPA (Euronext Paris)YesCommon SharesFREURNov 1987
MCSWX (SIX Swiss Exchange)YesCommon SharesCHCHFNov 1987
0HAULSE (London Stock Exchange)YesCommon SharesGBEURNov 1987
LVMHBIT (Borsa Italiana)YesCommon SharesITEURNov 1987
MOHXTRA (XETRA Trading Platform)YesCommon SharesDEEURNov 1987
MOHDB (Deutsche Boerse AG)YesCommon SharesDEEURNov 1987
MCPBATS-CHIXE (BATS 'Chi-X Europe')YesCommon SharesGBEURNov 1987
MCWBAG (Wiener Boerse AG)YesCommon SharesATEURNov 1987
MC NBMV (Bolsa Mexicana de Valores)YesCommon SharesMXMXNNov 1987
MOHBUL (Bulgaria Stock Exchange)YesCommon SharesBGEURNov 1987
LVMU.YOTCPK (Pink Sheets LLC)ADR EACH EACH CNV INTO 0.2 ORD EUR0.30USUSDFeb 2003
MOHFDB (Deutsche Boerse AG)ADR EACH EACH CNV INTO 0.2 ORD EUR0.30DEEURFeb 2003

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/02 00:00
End of Day Share Price2022/09/30 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.