Company Valuation: Hermès International

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 160,733 151,055 200,590 243,184 222,465 182,519 - -
Change - -6.02% 32.79% 21.23% -8.52% -17.96% - -
Enterprise Value (EV) 1 154,062 141,867 192,025 233,716 212,572 168,464 166,341 163,692
Change - -7.92% 35.36% 21.71% -9.05% -20.75% -1.26% -1.59%
P/E ratio 65.9x 45x 46.7x 52.9x 49.3x 38.2x 32.9x 29.8x
PBR 17.3x 12.1x 13.2x 14.1x - 8.43x 7.33x 6.38x
PEG - 1.2x 1.7x 7.91x -27.03x 6.65x 2x 2.9x
Capitalization / Revenue 17.9x 13x 14.9x 16x 13.9x 10.7x 9.78x 8.99x
EV / Revenue 17.2x 12.2x 14.3x 15.4x 13.3x 9.86x 8.92x 8.06x
EV / EBITDA 40.1x 26.7x 29.9x 33.4x 28.4x 21.8x 19.5x 17.6x
EV / EBIT 43.6x 30.2x 34x 38x 32.4x 24.5x 22x 19.8x
EV / FCF 53.6x 38.7x 55.4x 57.4x 50.5x 37.1x 32.7x 29.6x
FCF Yield 1.86% 2.58% 1.81% 1.74% 1.98% 2.69% 3.06% 3.38%
Dividend per Share 2 8 13 25 16 19 21.53 23.32 24.89
Rate of return 0.52% 0.9% 1.3% 0.69% 0.9% 1.24% 1.34% 1.43%
EPS 2 23.3 32.09 41.12 43.87 43.07 45.54 52.88 58.37
Distribution rate 34.3% 40.5% 60.8% 36.5% 44.1% 47.3% 44.1% 42.6%
Net sales 1 8,982 11,602 13,427 15,170 16,002 17,086 18,656 20,313
EBITDA 1 3,842 5,304 6,422 6,994 7,495 7,713 8,514 9,284
EBIT 1 3,530 4,697 5,650 6,150 6,569 6,881 7,563 8,261
Net income 1 2,445 3,367 4,311 4,603 4,524 4,809 5,549 6,110
Net Debt 1 -6,671 -9,188 -8,565 -9,468 -9,893 -14,054 -16,178 -18,826
Reference price 2 1,536.00 1,445.00 1,918.80 2,322.00 2,122.00 1,741.00 1,741.00 1,741.00
Nbr of stocks (in thousands) 104,644 104,536 104,539 104,731 104,837 104,836 - -
Announcement Date 2/18/22 2/17/23 2/9/24 2/14/25 2/12/26 - - -
1EUR in Million2EUR
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
38.23x9.86x21.84x1.24% 215B
43.61x3.56x26.49x0.22% 836M
12.17x - - 2.02% 656M
-21.97x2.36x-27.72x-.--% 491M
Average 18.01x 5.26x 6.87x 0.87% 54.36B
Weighted average by Cap. 38.03x 9.82x 21.75x 1.23%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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