Financials Hermès International BOERSE MUENCHEN

Equities

HMIA

US42751Q1058

Apparel & Accessories

Market Closed - BOERSE MUENCHEN 01:14:03 05/07/2024 am IST 5-day change 1st Jan Change
212 EUR 0.00% Intraday chart for Hermès International -3.64% 0.00%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 69,444 92,007 1,60,733 1,51,055 2,00,590 2,22,242 - -
Enterprise Value (EV) 1 65,109 87,290 1,54,062 1,41,867 1,92,025 2,10,793 2,08,103 2,05,261
P/E ratio 45.8 x 66.6 x 65.9 x 45 x 46.7 x 47.8 x 42.4 x 38.3 x
Yield 0.75% 0.52% 0.52% 0.9% 1.3% 0.81% 0.99% 1.03%
Capitalization / Revenue 10.1 x 14.4 x 17.9 x 13 x 14.9 x 14.7 x 13.2 x 11.9 x
EV / Revenue 9.46 x 13.7 x 17.2 x 12.2 x 14.3 x 13.9 x 12.4 x 11 x
EV / EBITDA 25.3 x 38.8 x 40.1 x 26.7 x 29.9 x 30.1 x 26.4 x 23.4 x
EV / FCF 40.5 x 73.1 x 53.6 x 38.7 x 55.4 x 46.8 x 41.3 x 37.8 x
FCF Yield 2.47% 1.37% 1.86% 2.58% 1.81% 2.14% 2.42% 2.65%
Price to Book 10.7 x 12.6 x 17.3 x 12.1 x 13.2 x 12.9 x 10.8 x 9.12 x
Nbr of stocks (in thousands) 1,04,238 1,04,601 1,04,644 1,04,536 1,04,539 1,04,732 - -
Reference price 2 666.2 879.6 1,536 1,445 1,919 2,122 2,122 2,122
Announcement Date 26/02/20 19/02/21 18/02/22 17/02/23 09/02/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 6,883 6,390 8,982 11,602 13,427 15,111 16,846 18,638
EBITDA 1 2,575 2,252 3,842 5,304 6,422 7,005 7,884 8,778
EBIT 1 2,339 1,981 3,530 4,697 5,650 6,249 7,047 7,839
Operating Margin 33.98% 31.01% 39.3% 40.48% 42.08% 41.36% 41.83% 42.06%
Earnings before Tax (EBT) 1 2,270 1,986 3,435 4,635 5,840 6,395 7,145 7,926
Net income 1 1,528 1,390 2,445 3,367 4,311 4,649 5,231 5,781
Net margin 22.2% 21.75% 27.22% 29.02% 32.11% 30.77% 31.05% 31.02%
EPS 2 14.55 13.21 23.30 32.09 41.12 44.42 50.05 55.39
Free Cash Flow 1 1,609 1,194 2,873 3,666 3,469 4,507 5,042 5,432
FCF margin 23.38% 18.69% 31.99% 31.6% 25.84% 29.82% 29.93% 29.14%
FCF Conversion (EBITDA) 62.49% 53.01% 74.78% 69.12% 54.02% 64.34% 63.96% 61.88%
FCF Conversion (Net income) 105.31% 85.9% 117.51% 108.88% 80.47% 96.93% 96.39% 93.96%
Dividend per Share 2 5.000 4.550 8.000 13.00 25.00 17.28 20.97 21.82
Announcement Date 26/02/20 19/02/21 18/02/22 17/02/23 09/02/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S2 2020 S1 2020 S2 2021 S1 2021 Q3 2021 Q4 2021 S2 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2022 S2 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4 2023 S2 2024 Q1 2024 Q2 2024 S1 2024 Q3 2024 Q4 2024 S2
Net sales 1 3,599 2,488 3,902 4,235 2,367 2,380 4,235 2,765 2,710 5,475 3,136 2,991 6,127 3,380 3,318 6,698 3,365 3,364 6,729 3,805 3,616 7,453 3,678 3,766 7,643
EBITDA - - - - - - - - - 2,591 - - - - - - - - - - - - - - -
EBIT 1,195 535 1,446 1,722 - - 1,722 - - 2,304 - - 2,393 - -1,750 2,947 - - 2,703 - - 3,138 - - 3,016
Operating Margin 33.2% 21.5% 37.07% 40.66% - - 40.66% - - 42.08% - - 39.06% - -52.74% 44% - - 40.17% - - 42.1% - - 39.46%
Earnings before Tax (EBT) 1,143 491.3 1,495 - - - 1,760 - - 2,270 - - 2,365 - - 3,021 - - 2,819 - - - - - -
Net income 773.9 335 1,050 1,174 - - 1,174 - - 1,641 - - 1,726 - - 2,226 - - 2,085 - - - - - -
Net margin 21.5% 13.46% 26.92% 27.72% - - 27.72% - - 29.97% - - 28.17% - - 33.23% - - 30.99% - - - - - -
EPS 7.360 3.200 10.01 11.19 - - 12.11 - - 15.64 - - 16.45 - - 21.26 - - 19.86 - - - - - -
Dividend per Share - - - - - - - - - - - - - - - - - - - - - - - - -
Announcement Date 26/02/20 30/07/20 19/02/21 30/07/21 21/10/21 18/02/22 18/02/22 14/04/22 29/07/22 29/07/22 20/10/22 17/02/23 17/02/23 14/04/23 28/07/23 28/07/23 24/10/23 09/02/24 09/02/24 25/04/24 - - - - -
1EUR in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 4,334 4,717 6,671 9,188 8,565 11,449 14,138 16,981
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 1,609 1,194 2,873 3,666 3,469 4,507 5,042 5,432
ROE (net income / shareholders' equity) 25.4% 19.9% 29.1% 30.8% 31.2% 28.4% 27.1% 25.5%
ROA (Net income/ Total Assets) 16.7% 13.2% 19.6% 21.5% 22.7% 21% 20.9% 20.1%
Assets 1 9,166 10,501 12,449 15,653 18,953 22,101 25,001 28,746
Book Value Per Share 2 62.50 69.90 89.00 119.0 145.0 165.0 196.0 233.0
Cash Flow per Share 2 19.90 15.70 32.40 39.90 41.30 48.40 55.10 59.20
Capex 1 478 448 532 518 859 831 802 812
Capex / Sales 6.94% 7.02% 5.92% 4.46% 6.4% 5.5% 4.76% 4.36%
Announcement Date 26/02/20 19/02/21 18/02/22 17/02/23 09/02/24 - - -
1EUR in Million2EUR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
20
Last Close Price
2,122 EUR
Average target price
2,328 EUR
Spread / Average Target
+9.71%
Consensus
  1. Stock Market
  2. Equities
  3. RMS Stock
  4. HMIA Stock
  5. Financials Hermès International