Hermès International Société en commandite par actions

LSE:0HV2 Stock Report

Market Cap: €216.3b

Hermès International Société en commandite par actions Valuation

Is 0HV2 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 0HV2 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0HV2 (€2037) is trading above our estimate of fair value (€1115.69)

Significantly Below Fair Value: 0HV2 is trading above our estimate of fair value.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0HV2?

Key metric: As 0HV2 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0HV2. This is calculated by dividing 0HV2's market cap by their current earnings.
What is 0HV2's PE Ratio?
PE Ratio48.6x
Earnings€4.45b
Market Cap€216.27b

Price to Earnings Ratio vs Peers

How does 0HV2's PE Ratio compare to its peers?

The above table shows the PE ratio for 0HV2 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average36.4x
BRBY Burberry Group
84.5x38.9%UK£3.2b
MC LVMH Moët Hennessy - Louis Vuitton Société Européenne
21.2x6.7%€296.0b
CDI Christian Dior
17.1xn/a€99.5b
CFR Compagnie Financière Richemont
22.9x8.5%CHF 72.4b
0HV2 Hermès International Société en commandite par actions
48.6x9.1%€216.3b

Price-To-Earnings vs Peers: 0HV2 is expensive based on its Price-To-Earnings Ratio (48.6x) compared to the peer average (36.4x).


Price to Earnings Ratio vs Industry

How does 0HV2's PE Ratio compare vs other companies in the European Luxury Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
0HV2 48.6xIndustry Avg. 15.2xNo. of Companies7PE01020304050+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0HV2 is expensive based on its Price-To-Earnings Ratio (48.6x) compared to the European Luxury industry average (15.2x).


Price to Earnings Ratio vs Fair Ratio

What is 0HV2'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.

0HV2 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio48.6x
Fair PE Ratio29.2x

Price-To-Earnings vs Fair Ratio: 0HV2 is expensive based on its Price-To-Earnings Ratio (48.6x) compared to the estimated Fair Price-To-Earnings Ratio (29.2x).


Analyst Price Targets

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

The above table shows the analyst 0HV2 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€2,037.00
€2,249.73
+10.4%
9.7%€2,515.00€1,480.00n/a22
Nov ’25€2,082.47
€2,231.14
+7.1%
9.6%€2,515.00€1,480.00n/a21
Oct ’25€2,152.00
€2,197.10
+2.1%
9.8%€2,500.00€1,480.00n/a20
Sep ’25€2,183.41
€2,266.70
+3.8%
11.7%€2,800.00€1,480.00n/a20
Aug ’25€2,001.25
€2,264.75
+13.2%
11.6%€2,800.00€1,480.00n/a20
Jul ’25€2,117.50
€2,327.95
+9.9%
12.7%€3,000.00€1,480.00n/a20
Jun ’25€2,161.00
€2,358.95
+9.2%
13.0%€3,000.00€1,480.00n/a20
May ’25€2,251.00
€2,339.58
+3.9%
13.1%€3,000.00€1,480.00n/a19
Apr ’25€2,366.47
€2,208.56
-6.7%
15.2%€3,000.00€1,480.00n/a18
Mar ’25€2,302.39
€2,205.74
-4.2%
16.1%€3,000.00€1,270.00n/a19
Feb ’25€1,961.35
€1,992.40
+1.6%
10.6%€2,318.00€1,270.00n/a20
Jan ’25€1,922.41
€1,965.70
+2.3%
12.2%€2,318.00€1,270.00n/a20
Dec ’24€1,915.18
€1,961.70
+2.4%
12.1%€2,318.00€1,270.00€2,037.0020
Nov ’24€1,773.45
€1,954.10
+10.2%
11.9%€2,318.00€1,270.00€2,082.4720
Oct ’24€1,730.06
€1,998.89
+15.5%
13.0%€2,318.00€1,270.00€2,152.0019
Sep ’24€1,893.02
€2,008.50
+6.1%
13.1%€2,400.00€1,270.00€2,183.4120
Aug ’24€1,983.35
€1,983.84
+0.02%
13.8%€2,400.00€1,270.00€2,001.2519
Jul ’24€1,983.41
€1,925.20
-2.9%
15.7%€2,350.00€990.00€2,117.5020
Jun ’24€1,908.45
€1,887.19
-1.1%
17.7%€2,350.00€990.00€2,161.0021
May ’24€1,960.36
€1,862.18
-5.0%
18.2%€2,350.00€990.00€2,251.0022
Apr ’24€1,859.54
€1,703.09
-8.4%
15.8%€2,100.00€990.00€2,366.4722
Mar ’24€1,730.99
€1,668.64
-3.6%
15.7%€2,048.00€990.00€2,302.3922
Feb ’24€1,708.45
€1,538.68
-9.9%
17.3%€2,000.00€700.00€1,961.3522
Jan ’24€1,454.25
€1,416.73
-2.6%
14.4%€1,667.04€700.00€1,922.4122
Dec ’23€1,532.50
€1,414.18
-7.7%
14.2%€1,667.04€700.00€1,915.1822

Analyst Forecast: Target price is less than 20% higher than the current share price.


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