Financials Hermès International

Equities

Market Closed - Euronext Paris Other stock markets 09:05:03 13/09/2024 pm IST			5-day change	1st Jan Change
1,916.00 ^EUR	0.00%		+0.34%	-0.15%

13/09	Hermès: inaugurates a leather goods factory in Riom	CF
11/09	The mood is getting heavier, but Taylor Swift is keeping watch

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	6,883	6,390	8,982	11,602	13,427	14,998	16,702	18,474
Change	-	-7.17%	40.56%	29.17%	15.73%	11.7%	11.36%	10.61%
EBITDA ¹	2,575	2,252	3,842	5,304	6,422	6,824	7,703	8,624
Change	-	-12.53%	70.57%	38.05%	21.08%	6.25%	12.89%	11.95%
EBIT ¹	2,339	1,981	3,530	4,697	5,650	6,091	6,867	7,676
Change	-	-15.28%	78.16%	33.06%	20.29%	7.81%	12.74%	11.77%
Interest Paid ¹	-68.6	-86.1	-96	-62	190	-144	-183.5	-237.7
Earnings before Tax (EBT) ¹	2,270	1,986	3,435	4,635	5,840	6,356	7,078	7,914
Change	-	-12.5%	72.93%	34.93%	26%	8.84%	11.36%	11.81%
Net income ¹	1,528	1,390	2,445	3,367	4,311	4,620	5,119	5,702
Change	-	-9.04%	75.9%	37.71%	28.04%	7.16%	10.8%	11.39%
Announcement Date	26/02/20	19/02/21	18/02/22	17/02/23	09/02/24	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2019 Q3	2019 Q4	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4
Net sales ¹	1,728	1,871	1,506	982.5	1,800	2,100	2,084	2,151	2,367	2,380	2,765	2,710	3,136	2,991	3,380	3,318	3,365	3,364	3,805	3,699	3,648	3,648
Change	-	8.3%	-19.55%	-34.74%	83.24%	16.65%	-0.78%	3.24%	10.03%	0.55%	16.18%	-1.99%	15.72%	-4.62%	13.01%	-1.83%	1.42%	-0.03%	13.11%	-2.79%	-1.38%	0%
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,750	-	-	-	-	-	2,751
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-100%	-	-	-	-	-
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Announcement Date	24/10/19	26/02/20	30/04/20	30/07/20	22/10/20	19/02/21	22/04/21	30/07/21	21/10/21	18/02/22	14/04/22	29/07/22	20/10/22	17/02/23	14/04/23	28/07/23	24/10/23	09/02/24	25/04/24	25/07/24	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2020 S1	2020 S2	2021 S1	2021 S2	2022 S1	2022 S2	2023 S1	2023 S2	2024 S1	2024 S2
Net sales ¹	2,488	3,902	4,235	4,235	5,475	6,127	6,698	6,729	7,504	7,368
Change	-	56.83%	8.53%	0%	29.28%	11.91%	9.32%	0.46%	11.52%	-1.82%
EBITDA	-	-	-	-	2,591	-	-	-	-	-
Change	-	-	-	-	-	-100%	-	-	-	-
EBIT ¹	535	1,446	1,722	1,722	2,304	2,393	2,947	2,703	3,148	2,751
Change	-	170.36%	19.05%	0%	33.8%	3.86%	23.15%	-8.28%	16.46%	-12.61%
Charge d'intérêts	-43.4	-42.7	-	-49	-35	-27	75	-	-	-
Earnings before Tax (EBT)	491.3	1,495	-	1,760	2,270	2,365	3,021	2,819	3,289	-
Change	-	204.32%	-100%	-	28.96%	4.19%	27.74%	-6.69%	16.67%	-100%
Net income	335	1,050	1,174	1,174	1,641	1,726	2,226	2,085	2,368	-
Change	-	213.55%	11.77%	0%	39.78%	5.18%	28.97%	-6.33%	13.57%	-100%
Announcement Date	30/07/20	19/02/21	30/07/21	18/02/22	29/07/22	17/02/23	28/07/23	09/02/24	25/07/24	-

¹EUR in Million

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-4,334	-4,717	-6,671	-9,188	-8,565	-11,319	-13,970	-16,773
Change	-	-208.84%	-241.42%	-237.73%	-193.22%	-232.15%	-223.42%	-220.06%
Announcement Date	26/02/20	19/02/21	18/02/22	17/02/23	09/02/24	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
CAPEX ¹	478	448.4	532	518	859	882.6	873.6	892.5
Change	-	-6.19%	18.64%	-2.63%	65.83%	2.75%	-1.02%	2.17%
Free Cash Flow (FCF) ¹	1,609	1,194	2,873	3,666	3,469	4,574	5,064	5,581
Change	-	-25.81%	140.62%	27.6%	-5.37%	31.87%	10.71%	10.2%
Announcement Date	26/02/20	19/02/21	18/02/22	17/02/23	09/02/24	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	37.41%	35.25%	42.77%	45.72%	47.83%	45.5%	46.12%	46.68%
EBIT Margin (%)	33.98%	31.01%	39.3%	40.48%	42.08%	40.62%	41.12%	41.55%
EBT Margin (%)	32.98%	31.09%	38.24%	39.95%	43.49%	42.38%	42.38%	42.84%
Net margin (%)	22.2%	21.75%	27.22%	29.02%	32.11%	30.8%	30.65%	30.86%
FCF margin (%)	23.38%	18.69%	31.99%	31.6%	25.84%	30.5%	30.32%	30.21%
FCF / Net Income (%)	105.31%	85.9%	117.51%	108.88%	80.47%	99.02%	98.94%	97.88%
Profitability
ROA	16.67%	13.24%	19.64%	21.51%	22.75%	21.24%	20.59%	19.87%
ROE	25.39%	19.86%	29.14%	30.83%	31.19%	28.19%	26.74%	25.33%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	6.94%	7.02%	5.92%	4.46%	6.4%	5.88%	5.23%	4.83%
CAPEX / EBITDA (%)	18.56%	19.91%	13.85%	9.77%	13.38%	12.93%	11.34%	10.35%
CAPEX / FCF (%)	29.7%	37.55%	18.52%	14.13%	24.76%	19.29%	17.25%	15.99%
Items per share
Cash flow per share ¹	19.87	15.66	32.45	39.87	41.28	47.51	53.54	58
Change	-	-21.18%	107.2%	22.88%	3.53%	15.08%	12.7%	8.34%
Dividend per Share ¹	5	4.55	8	13	25	17.09	21.02	22.18
Change	-	-9%	75.82%	62.5%	92.31%	-31.64%	22.99%	5.51%
Book Value Per Share ¹	62.52	69.91	89.04	119	145.1	163.8	194.1	230.3
Change	-	11.82%	27.37%	33.65%	21.97%	12.84%	18.52%	18.65%
EPS ¹	14.55	13.21	23.3	32.09	41.12	43.9	48.91	54.56
Change	-	-9.21%	76.38%	37.73%	28.14%	6.76%	11.41%	11.56%
Nbr of stocks (in thousands)	1,04,238	1,04,601	1,04,644	1,04,536	1,04,539	1,04,731	1,04,731	1,04,731
Announcement Date	26/02/20	19/02/21	18/02/22	17/02/23	09/02/24	-	-	-