Hermes International SA

RMS: XPAR (FRA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	€5,381.00	Xlrx	Wzwwpqnf

Hermes' Performance Remains Strong as China Improves; Further Upside From Pricing Expected

Jelena Sokolova

Oct 20, 2022

We are maintaining our fair value estimate of EUR 700 for wide-moat Hermes as the company reported continued strong performance in the third quarter, helped by a sales rebound in mainland China and solid performance elsewhere.

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