Lvmh Moet Hennessy Louis Vuitton SE
MC: XPAR (FRA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
€739.00 | Kvqr | Ystzkjjt |
LVMH Posts Strong Top-Line Growth, but no Operating Leverage As Marketing Costs Weigh; FVE Unchanged
We are maintaining our fair value estimate of EUR 590 for wide-moat LVMH as the company reported full-year results in line with our estimates (revenue slightly higher and operating profit slightly lower than we forecast). We view shares as expensive at current levels.