Financials HERMES INTERNATIONAL

Equities

RMS

FR0000052292

Apparel & Accessories

Market Closed - Euronext Paris 11:38:08 2024-02-28 am EST After market 03:59:59 pm
2,316 EUR +0.85% Intraday chart for HERMES INTERNATIONAL 2,324 +0.33%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 50,549 69,444 92,007 160,733 151,055 240,126 240,126 -
Enterprise Value (EV) 1 47,084 65,109 87,290 154,062 141,867 200,590 228,692 225,344
P/E ratio 36.2 x 45.8 x 66.6 x 65.9 x 45 x 46.7 x 51.5 x 47.4 x
Yield 0.94% 0.75% 0.52% 0.52% 0.9% 0.66% 0.76% 0.83%
Capitalization / Revenue 8.47 x 10.1 x 14.4 x 17.9 x 13 x 14.9 x 15.9 x 14.4 x
EV / Revenue 7.89 x 9.46 x 13.7 x 17.2 x 12.2 x 14.9 x 15.2 x 13.5 x
EV / EBITDA 20.8 x 25.3 x 38.8 x 40.1 x 26.7 x 31.2 x 33 x 28.9 x
EV / FCF 32.5 x 40.5 x 73.1 x 53.6 x 38.7 x 60.7 x 49.3 x 45.8 x
FCF Yield 3.07% 2.47% 1.37% 1.86% 2.58% 1.65% 2.03% 2.19%
Price to Book 9.3 x 10.7 x 12.6 x 17.3 x 12.1 x 15.9 x 13.8 x 11.8 x
Nbr of stocks (in thousands) 104,268 104,238 104,601 104,644 104,536 104,539 104,539 -
Reference price 2 484.8 666.2 879.6 1,536 1,445 2,297 2,297 2,297
Announcement Date 3/20/19 2/26/20 2/19/21 2/18/22 2/17/23 2/9/24 - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net sales 1 5,966 6,883 6,390 8,982 11,602 13,427 15,061 16,661
EBITDA 1 2,262 2,575 2,252 3,842 5,304 6,422 6,939 7,804
EBIT 1 2,045 2,339 1,981 3,530 4,697 5,650 6,186 6,923
Operating Margin 34.28% 33.98% 31.01% 39.3% 40.48% 42.08% 41.07% 41.55%
Earnings before Tax (EBT) 1 2,063 2,270 1,986 3,435 4,635 5,840 6,284 6,937
Net income 1 1,405 1,528 1,390 2,445 3,367 4,311 4,660 5,071
Net margin 23.55% 22.2% 21.75% 27.22% 29.02% 32.11% 30.94% 30.44%
EPS 2 13.39 14.55 13.21 23.30 32.09 41.12 44.63 48.45
Free Cash Flow 1 1,447 1,609 1,194 2,873 3,666 3,784 4,643 4,925
FCF margin 24.25% 23.38% 18.69% 31.99% 31.6% 28.28% 30.83% 29.56%
FCF Conversion (EBITDA) 63.97% 62.49% 53.01% 74.78% 69.12% 60.96% 66.92% 63.1%
FCF Conversion (Net income) 102.99% 105.31% 85.9% 117.51% 108.88% 93.6% 99.64% 97.11%
Dividend per Share 2 4.550 5.000 4.550 8.000 13.00 15.17 17.44 18.99
Announcement Date 3/20/19 2/26/20 2/19/21 2/18/22 2/17/23 2/9/24 - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S1 2019 S2 2020 S1 2020 S2 2021 Q1 2021 Q2 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 S2
Net sales 1 3,284 3,599 2,488 3,902 2,084 2,151 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 3,274 6,729 3,698 3,607 7,422 3,708 7,578
EBITDA - - - - - - - - - - - - 2,591 - - - - - - - - - - - - - -
EBIT 1,144 1,195 535 1,446 - - 1,722 - - 1,722 - - 2,304 - - 2,393 - -1,750 2,947 - - 2,703 - - 3,079 - 2,859
Operating Margin 34.83% 33.2% 21.5% 37.07% - - 40.66% - - 40.66% - - 42.08% - - 39.06% - -52.74% 44% - - 40.17% - - 41.48% - 37.73%
Earnings before Tax (EBT) 1,128 1,143 491.3 1,495 - - - - - 1,760 - - 2,270 - - 2,365 - - 3,021 - - 2,819 - - - - -
Net income 754.3 773.9 335 1,050 - - 1,174 - - 1,174 - - 1,641 - - 1,726 - - 2,226 - - 2,085 - - - - -
Net margin 22.97% 21.5% 13.46% 26.92% - - 27.72% - - 27.72% - - 29.97% - - 28.17% - - 33.23% - - 30.99% - - - - -
EPS 7.190 7.360 3.200 10.01 - - 11.19 - - 12.11 - - 15.64 - - 16.45 - - 21.26 - - 19.86 - - - - -
Dividend per Share - - - - - - - - - - - - - - - - - - - - - - - - - - -
Announcement Date 9/11/19 2/26/20 7/30/20 2/19/21 4/22/21 7/30/21 7/30/21 10/21/21 2/18/22 2/18/22 4/14/22 7/29/22 7/29/22 10/20/22 2/17/23 2/17/23 4/14/23 7/28/23 7/28/23 10/24/23 - 2/9/24 - - - - -
1EUR in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 - - - - - - - -
Net Cash position 1 3,465 4,334 4,717 6,671 9,188 10,550 11,435 14,783
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 1,447 1,609 1,194 2,873 3,666 3,784 4,643 4,925
ROE (net income / shareholders' equity) 26.7% 25.4% 19.9% 29.1% 30.8% 29.1% 27.2% 26%
ROA (Net income/ Total Assets) 19.7% 16.7% 13.2% 19.6% 21.5% 20.5% 20.1% 19.8%
Assets 1 7,120 9,166 10,501 12,449 15,653 19,699 23,141 25,663
Book Value Per Share 2 52.10 62.50 69.90 89.00 119.0 144.0 166.0 195.0
Cash Flow per Share 2 16.20 19.90 15.70 32.40 39.90 42.90 52.20 52.80
Capex 1 312 478 448 532 518 855 761 763
Capex / Sales 5.23% 6.94% 7.02% 5.92% 4.46% 6.39% 5.05% 4.58%
Announcement Date 3/20/19 2/26/20 2/19/21 2/18/22 2/17/23 2/9/24 - -
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
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
19
Last Close Price
2,297 EUR
Average target price
2,184 EUR
Spread / Average Target
-4.91%
Consensus
-40% Limited-time offer: Our subscriptions help you unlock the best investment opportunities.
SIGN UP NOW