Lvmh Moet Hennessy Louis Vuitton SE

MC: XPAR (FRA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	€498.00	Lcfq	Lxxssdbd

Tourism Drives Solid LVMH Growth; Some Improvement in China

Jelena Sokolova

Oct 12, 2022

We are increasing our fair value estimate for wide-moat LVMH to EUR 590 from EUR 550, largely to reflect euro depreciation and slightly better-than-expected underlying business trends in 2022 following strong third-quarter revenue figures. Shares are trading somewhat above our fair value estimate.

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