LVMH Moet Hennessy Louis Vuitton SE

LVMH Moet Hennessy Louis Vuitton is a manufacturer and retailer of luxury goods. Co. offers champagne and wines, cognac and spirits, fashion and leather goods, perfumes and cosmetics, watches and jewelery; and is engaged in selective retailing. Its operations are organized along five business segments: Wine and Spirits, Fashion and Leather Goods, Perfumes and Cosmetics, Watches and Jewelery, and Selective Retailing. Co. is also engaged in other activities (Media with Les Echos group, La Samaritaine and Luxury yacht with Royal Van Lent). Some of Co.'s brands are Moet & Chandon, Dom Perignon, Louis Vuitton, Fendi, Donna Karan, Parfums Christian Dior, Guerlain, Parfums Givenchy, and TAG Heuer.
  • TickerMC
  • ISINFR0000121014
  • ExchangeEuronext Paris
  • SectorPersonal Goods
  • CountryFrance

Analysts

Research Department

INFORME DIARIO 07 NOVIEMBRE (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME. ESPAÑA. AENA, ARCELORMITTAL, ENCE, ROVI, SECTOR GAS, UNICAJA. EUROPA. AXA, D.TELEKOM, LVMH, SECTOR BANCOS EUROPA, SIEMENS, UNICREDIT. Sin grandes movimientos Europa terminó con ligeras ganancias en una jornada marcada por un calendario cargado de referencias macro. En el Euro STOXX destacaron las subidas de Retail y Alimentación (compensando el mal comportamiento de los últimos días) frente a R. Básicos y Media que cerraron con los peores registros. Por el lado macro, en Alemania los pedidos de fábrica de septiembre rebotaron algo más de lo previsto. En E...

Ng Adrian

LVMH Moët Hennessy - Louis Vuitton, Société Européenne

Loic Morvan

LVMH: LVMH close to buying Tiffany? | BUY | EUR395(+5%)

LVMH close to buying Tiffany? A dynamic jewellery market Tiffany is lagging behind What would this mean for LVMH? An interesting deal but a lot of work to do

Research Department

INFORME DIARIO 28 OCTUBRE (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME. ESPAÑA: BANKIA, ENDESA, FERROVIAL, IAG, MELIA, OHL, SECTOR ELÉCTRICO Y GAS ESPAÑA, SECTOR SOCIMIS, UNICAJA. EUROPA: LVMH. Anheuser sacude Alimentación Las bolsas europeas consolidaron los máximos desde 1T’18. El Euro STOXX presentó un comportamiento bastante mixto, siendo Retail y R. Básicos los mejores del día frente a las caídas de Alimentación (después de que Anheuser-Busch perdiese un -10,7% tras los resultados) y Tecnología. Por el lado macro, en Alemania el IFO de octubre estuvo ligeramente por encima de las expectativas aunque perfilaría un PIB en...

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 10/10/2019 - Nexi - EN

Nexi (O/P): Bond Refinancing Banking Sector: Increasing Importance of ESG Criteria Unicredit (O/P): Will Tax Deposits Over €100.000 In 2020 Crédit Mutuel Arkéa (O/P) : Had To Inject €540m In Its Life Insurance Unit Suravenir LVMH (O/P) - 9M19: Revenues Of €38.4bn (+15.9%,+11.0% LfL) Bourbon: Receives Takeover Offer AT&T: To Sell Assets In Puerto Rico For $2,0Bn Codere (U/P): Reduces Its EBITDA Forecast For 2019 By €20m

LVMH Moet Hennessy Louis Vuitton SE: New issuer - Leading positions in luxury and brand diversity underpin credit quality

Our credit view of LVMH, reflecting its number one position in the luxury market, good business and geographic diversification, and sizable off-balance-sheet items.

Tony Lebon

Oddo convertible news 17/11/2016

Moody’s has downgraded Obrascon’s rating from B3 to Caa1/Negative>

Research Department

INFORME DIARIO 07 NOVIEMBRE (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME. ESPAÑA. AENA, ARCELORMITTAL, ENCE, ROVI, SECTOR GAS, UNICAJA. EUROPA. AXA, D.TELEKOM, LVMH, SECTOR BANCOS EUROPA, SIEMENS, UNICREDIT. Sin grandes movimientos Europa terminó con ligeras ganancias en una jornada marcada por un calendario cargado de referencias macro. En el Euro STOXX destacaron las subidas de Retail y Alimentación (compensando el mal comportamiento de los últimos días) frente a R. Básicos y Media que cerraron con los peores registros. Por el lado macro, en Alemania los pedidos de fábrica de septiembre rebotaron algo más de lo previsto. En E...

Ng Adrian

LVMH Moët Hennessy - Louis Vuitton, Société Européenne

Loic Morvan

LVMH: LVMH close to buying Tiffany? | BUY | EUR395(+5%)

LVMH close to buying Tiffany? A dynamic jewellery market Tiffany is lagging behind What would this mean for LVMH? An interesting deal but a lot of work to do

Research Department

INFORME DIARIO 28 OCTUBRE (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME. ESPAÑA: BANKIA, ENDESA, FERROVIAL, IAG, MELIA, OHL, SECTOR ELÉCTRICO Y GAS ESPAÑA, SECTOR SOCIMIS, UNICAJA. EUROPA: LVMH. Anheuser sacude Alimentación Las bolsas europeas consolidaron los máximos desde 1T’18. El Euro STOXX presentó un comportamiento bastante mixto, siendo Retail y R. Básicos los mejores del día frente a las caídas de Alimentación (después de que Anheuser-Busch perdiese un -10,7% tras los resultados) y Tecnología. Por el lado macro, en Alemania el IFO de octubre estuvo ligeramente por encima de las expectativas aunque perfilaría un PIB en...

Loic Morvan

LVMH: As expected, Asia slowed in Q3, due to HK | BUY | EUR395(+11%)

LVMH - BUY | EUR395(+11%) As expected, Asia slowed in Q3, due to HK Slowdown in APAC in Q3 and strong Japan! Beauty industry under pressure in US (especially in make-up)! Buy recommendation unchanged

1 director bought

A director at LVMH Moet-Hennessy Louis Vuitton bought 145,854 shares at 347.291EUR and the significance rating of the trade was 67/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules...

Charles Lepetitpas ...
  • Emmanuel Matot
  • Léopold Authié
  • Manuel Martin
  • Nicolas David
  • Thomas Effler

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 10/11/2018

...

Charles Lepetitpas ...
  • Emmanuel Matot
  • Léopold Authié
  • Manuel Martin
  • Nicolas David
  • Thomas Effler

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 11/10/2018

...

Alexandre Iatrides ...
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Emira Sagaama
  • Georges Dieng
  • Igor Kim, CFA
  • Johanna Jourdain
  • Léopold Authié
  • Matthias Desmarais
  • Nicolas Kieffer
  • Philippe Ourpatian
  • Pierre Tegner
  • Rémi Adam
  • Stephane Houri
  • Veysel Taze
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 07/25/2018

...

Alexandre Iatrides ...
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Emira Sagaama
  • Georges Dieng
  • Igor Kim, CFA
  • Johanna Jourdain
  • Léopold Authié
  • Matthias Desmarais
  • Nicolas Kieffer
  • Philippe Ourpatian
  • Pierre Tegner
  • Rémi Adam, CFA
  • Stephane Houri
  • Veysel Taze
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 25/07/2018

...

Ng Adrian
Ng Adrian

LVMH sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of LVMH (FR), a company active in the Clothing & Accessories industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date June 4, 2019, the closing price was EUR 342.10 and its potential was estimated at EUR 378.85.

Ng Adrian
Ng Adrian
ING
Hendrik Wiersma ...
  • Jeroen van den Broek
  • Job Veenendaal
  • Nadège Tillier
  • Suvi Platerink Kosonen

Coffee, Croissants & Credit/LVMH and the carbon price

LVMH (MCFP) reported first quarter sales last night. Revenue increased 16% to €12,538m, ahead of Bloomberg-compiled consensus of €12.2bn. Revenue growth consisted of 11% organic growth (consensus: +8.8%) and a 5% currency tailwind. Organic growth was down compared to the 13% achieved in 1Q18, but higher than the 9% of 4Q18. Fashion & Leather Goods, the largest business group with 41% of 1Q19 revenue, recorded a 15% organic increase, in line with FY18. Watches & Jewelry increased at the slowest pace of 4%, decelerating since the 20% peak in 1Q18. Despite geopolitical uncertainties, LMVH speaks ...

ING
Hendrik Wiersma ...
  • Jeroen van den Broek
  • Job Veenendaal
  • Nadège Tillier
  • Suvi Platerink Kosonen

Coffee, Croissants & Credit/LVMH and Dutch NPS law

LVMH (MCFP) reported 3Q18 yesterday after close of business. Revenue in 3Q18 increased 10% YoY to €11,379m with organic growth of 10% against a tough comparison base while continuing the strong momentum of the first half (1Q18: +13%, 2Q18: +11%, 3Q17: +12%). Revenue and organic growth were both in line with consensus. For the first nine months revenue was up 10% with organic revenue growth of 11% or 13 % when excluding the impact of the concession closures in Hong Kong. Currencies had a negative impact of 5%, while the structural impact was +4% due to the consolidation of Christian Dior Coutur...

Cedric Rossi ...
  • Loic Morvan

Tug-of-war between fundamentals and trade tensions

• It has been a reassuring reporting season for the luxury industry, as highlighted by the average 6% FX-n growth achieved by our luxury sample in H1. More importantly, it confirmed the strong outperformance of the best-performing groups such as LVMH, Kering, Moncler and Hermès, which continue to gain market share, partly thanks to margin gains that are reinvested into marketing, digital and customer experience initiatives. Tod’s Group and Swatch Group were the worst performers.

MarketLine Department

The Swatch Group Ltd - Strategy, SWOT and Corporate Finance Report

Summary The Swatch Group Ltd - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. KeyHighlights The Swatch Group Ltd (Swatch or 'the group') is a manufacturer and distributor of watches, jewelry and electronic components. It is also involved in sports timing activities. Swatch markets its products under various brand names, such as Harry Winston, Breguet, Blancpain, Jaquet Droz, Gl...

MarketLine Department

Hermes International SA - Strategy, SWOT and Corporate Finance Report

Hermes International SA - Strategy, SWOT and Corporate Finance Report Summary Hermes International SA - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Hermes International SA (Hermes) is a France-based company involved in designing, manufacturing and marketing of consumer goods. The company primarily offers bags, clutches, briefcases, luggage, small leather good...

Arancha Pineiro

LVMH / KERING: CONSUMO ASPIRACIONAL (ANÁLISIS BANCO SABADELL)

LVMH / KERING: CONSUMO ASPIRACIONAL (ANÁLISIS BANCO SABADELL)

MarketLine Department

Pernod Ricard SA - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Pernod Ricard SA Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Pernod Ricard SA since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage. Key H...

LVMH - Assemblée générale des actionnaires du 18 avril 2019

Proxinvest publiera une étude analysant les résolutions proposées lors de la tenue de l’assemblée générale des actionnaires. Vous pouvez l'acquérir dès à présent et elle vous sera adressée par ResearchPool une fois publiée.

LVMH – Proxinvest Corporate Governance Rating ® : D

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Jehanne Leroy

Proxy Report - 12/04/2018

The company’s disclosure on the 2017 and 2018 remuneration remain as weak as previously pointed out, and way below French and European practices. Regarding the 2017 remunerations, the company is one of the last CAC 40 companies that do not disclose achievement rates of the annual bonus. It is also one of the last CAC 40 companies to measure LTI performance over 2 years only. Regarding the 2018 remuneration policy, the company does not disclose the LTI to be granted performance conditions (and if they are identical to the previous plans, they will not be challenging). Moreover, maximum remuner...

Jehanne Leroy

Proxy Report - 12/04/2018

La communication de la société en termes de rémunérations attribuées ou attribuables ne change pas et reste désespérément inférieures aux pratiques du marché français et européens. En effet, concernant les rémunérations attribuées en 2017, la société est l’un des seules sociétés du CAC 40 à ne pas communiquer les taux de réalisation des critères du bonus annuel et à mesurer les conditions de performance attachées à ses plans d’actions gratuites sur une période inférieure à 3 années. Concernant les rémunérations attribuables au titre de 2018, la société n’annonce pas les futures conditions de ...

Etude de l'AG du 13/04/2017

Le renouvellement de la convention entre la Société et Groupe Arnault est de nouveau proposé. Le montant s'élève à 5,52 M€ en 2016 pour un montant total de 46,7 M€ sur 9 ans. Par ailleurs, le groupe participe (indirectement) habituellement au vote, alors qu'il y est directement intéressé.La Société propose le renouvellement de 6 administrateurs dont 4 sont non indépendants ce qui pose un problème de taux d'indépendance du Conseil (40%).De plus, plusieurs d'entre eux présentent un cumul de mandats. En outre, le renouvellement d'un censeur et l'élection de 2 nouveaux sont proposées. En matière d...

Dave Nicoski ...
  • Ross LaDuke

Int'l Macro Vision: Global Equity Strategy

Int'l Equity Strategy Global equities staged an impressive rally over the first four months of 2019. The nearly unabated advance allowed the broad major indexes (MSCI ACWI, ACWI ex-US, and EAFE) to break topside critical 14-month downtrends which began in January 2018. Heading into May, YTD uptrends were ubiquitous and market participants were generally of the belief that a US-China trade deal was a foregone conclusion. Then came Trump's May 5th tweets claiming China was attempting to renegotiate, and that tariffs would increase from 10% to 25%. The tariff escalation contributed to uptrend br...

Dave Nicoski ...
  • Ross LaDuke

Int'l Insights: Developed Markets Leadership Chart Book

Europe in focus The U.S. dollar continues to grind marginally higher, and EM equities have suffered as a result. Meanwhile, RS for the MSCI EAFE index is bottoming when compared to the MSCI EM index, largely due to outperformance in Europe. With developed int'l markets beginning to outperform emerging markets, we recommend adding exposure to the developed int'l space. Below we highlight attractive and actionable themes within developed int'l: • Europe & Japan: Though this is an all-encompassing bottoms-up chart book for developed ex-U.S., make no mistake, the vast majority of today's buy rec...

Matthieu DRIOL

Short term view - LVMH : Falling prices.

The trend is bearish. Prices are falling again, but the movement has become hesitant. The next support is at €257.96. The bearish trend would be challenged above €313.70.

Matthieu DRIOL

Analyse court terme - LVMH : Les prix baissent.

La tendance est baissière. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 257,96 €. La tendance baissière serait remise en cause au-dessus de 313,70 €.

ResearchPool Subscriptions

Get the most out of your insights

Get in touch