Added to YB: 2025-09-15
Pitch date: 2025-09-11
RMS.PA [bullish]
Hermès International Société en commandite par actions
+1.19%
current return
Author Info
No bio for this author
Company Info
Hermès International Société en commandite par actions engages in the production, wholesale, and retail of various goods.
Market Cap
EUR 219.4B
Pitch Price
EUR 2.1K
Price Target
N/A
Dividend
1.24%
EV/EBITDA
29.53
P/E
49.04
EV/Sales
13.45
Sector
Textiles, Apparel and Luxury Goods
Category
growth
A Diamond as Big as the Ritz? Hermès International
RMS.PA: Ultra-luxury brand w/ 40% EBIT margins, ~30x EV/EBIT vs peers at mid/high teens. Birkin bags outperformed S&P 500 since 1980. 6-7% annual volume growth cap maintains exclusivity & pricing power. 50% revenue from leather goods. H51 trust protects from takeovers until 2031-41. Risks: China exposure (40% Asia sales), animal welfare concerns, Nicolas Puech 5.7% stake mystery. Catalysts: price hikes, beauty expansion, >€10bn cash for dividends/buybacks.
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