Hermes International SA
RMS: XPAR (FRA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
€3,729.00 | Wrhhk | Pdzndmdbd |
Hermes Delivers Record Profitability With Double-Digit Sales Growth in Divisions Other Than Leather
We are increasing our fair value estimate for wide-moat Hermes to EUR 700 from EUR 620 per share to account for stronger-than-expected revenue growth and profitability for the group this year and positive currency impact.