RMS Stock Analysis: Hermes International SCA | PA
Luxury Goods | PA, France | Market Cap: 141.663m EUR | 12M Return: -37% | FR0000052292 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 126M
EPS Trend: -54.9%
Qual. Beats: 0
Rev. Trend: 95.6%
Qual. Beats: 1
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
The business model is vertically integrated, with in-house operations covering weaving, engraving, printing, dyeing, and finishing of textiles, as well as the purchase, tanning, dyeing, and finishing of precious leathers, and the production of metal parts used in its goods. This vertical integration is a defining feature of the high-end Apparel, Accessories & Luxury Goods sub-industry (within the broader Consumer Discretionary GICS sector), where control over raw materials and craftsmanship supports brand positioning and pricing power.
Distribution is carried out through Hermès own retail store network spanning France, the rest of Europe, Japan, Asia Pacific, the Americas, and the Middle East, with additional specialized retail channels dedicated to its watches, perfumes, and tableware lines. Direct retail is the standard channel in the global luxury sector, enabling brands to manage the customer experience and protect margins.
- Birkin and Kelly demand drives leather goods revenue growth
- China luxury spending recovery boosts Asia-Pacific sales
- Euro weakness pressures reported revenue and tourist demand
| Net Income: 4.51b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.19 > 0.02 and ΔFCF/TA -0.82 > 1.0 |
| NWC/Revenue: 77.91% < 20% (prev 71.21%; Δ 6.70% < -1%) |
| CFO/TA 0.23 > 3% & CFO 5.81b > Net Income 4.51b |
| Net Debt (-10.0b) to EBITDA (8.30b): -1.21 < 3 |
| Current Ratio: 4.54 > 1.5 & < 3 |
| Outstanding Shares: last quarter (105.0m) vs 12m ago 0.12% < -2% |
| Gross Margin: 68.95% > 18% (prev 68.06%; Δ 0.90% > 0.5%) |
| Asset Turnover: 69.20% > 50% (prev 71.93%; Δ -2.73% > 0%) |
| Interest Coverage Ratio: 126.7 > 6 (EBIT TTM 7.35b / Interest Expense TTM 58.0m) |
| A: 0.51 (Total Current Assets 16.1b - Total Current Liabilities 3.55b) / Total Assets 24.8b |
| B: 0.09 (Retained Earnings 2.24b / Total Assets 24.8b) |
| C: 0.32 (EBIT TTM 7.35b / Avg Total Assets 23.3b) |
| D: 3.30 (Book Value of Equity 19.0b / Total Liabilities 5.77b) |
| Altman-Z'' = 9.20 = AAA |
| DSRI: 1.72 (Receivables 893.0m/506.0m, Revenue 16.1b/15.7b) |
| GMI: 0.99 (GM 68.06% / 68.95%) |
| AQI: 1.00 (AQ_t 0.13 / AQ_t-1 0.13) |
| SGI: 1.03 (Revenue 16.1b / 15.7b) |
| TATA: -0.05 (NI 4.51b - CFO 5.81b) / TA 24.8b) |
| Beneish M = -2.43 (Cap -4..+1) = BBB |
As of October 02, 2026, the stock is trading at EUR 1301.50 with a total of 106,290 shares traded. Over the past week, the price has changed by -3.91%, over one month by -15.62%, over three months by -18.40% and over the past year by -37.04%.
Current recommended Stop Loss: 1255.10 (which is 3.6% or 1.3 ATR below the current price).
Hermes International SCA has no consensus analysts rating.
P/E Trailing = 31.4608
P/E Forward = 27.1003
P/S = 8.782
P/B = 7.4304
P/EG = 3.0728
Revenue TTM = 16.1b EUR
EBIT TTM = 7.35b EUR
EBITDA TTM = 8.30b EUR
Long Term Debt = 4.00m EUR (from longTermDebt, last quarter)
Short Term Debt = 346.0m EUR (from shortTermDebt, last quarter)
Debt = 2.28b EUR (from shortLongTermDebtTotal, last quarter) (leases 2.28b already included)
Net Debt = -10.0b EUR (calculated: Debt 2.28b - CCE 12.3b)
Enterprise Value = 132b EUR (142b + Debt 2.28b - CCE 12.3b)
Interest Coverage Ratio = 126.7 (Ebit TTM 7.35b / Interest Expense TTM 58.0m)
EV/FCF = 27.76x (Enterprise Value 132b / FCF TTM 4.74b)
FCF Yield = 3.60% (FCF TTM 4.74b / Enterprise Value 132b)
FCF Margin = 29.40% (FCF TTM 4.74b / Revenue TTM 16.1b)
Net Margin = 27.99% (Net Income TTM 4.51b / Revenue TTM 16.1b)
Gross Margin = 68.95% ((Revenue TTM 16.1b - Cost of Revenue TTM 5.01b) / Revenue TTM)
Gross Margin QoQ = 66.42% (prev 71.55%)
Tobins Q-Ratio = 5.31 (Enterprise Value 132b / Total Assets 24.8b)
Interest Expense / Debt = 2.54% (Interest Expense 58.0m / Debt 2.28b)
Taxrate = 33.16% (2.25b / 6.79b)
NOPAT = 4.91b (EBIT 7.35b * (1 - 33.16%))
Current Ratio = 4.54 (Total Current Assets 16.1b / Total Current Liabilities 3.55b)
Debt / Equity = 0.12 (Debt 2.28b / totalStockholderEquity, last quarter 19.0b)
Debt / EBITDA = -1.21 (Net Debt -10.0b / EBITDA 8.30b)
Debt / FCF = -2.11 (Net Debt -10.0b / FCF TTM 4.74b)
Total Stockholder Equity = 17.9b (last 4 quarters mean from totalStockholderEquity)
RoA = 19.37% (Net Income 4.51b / Total Assets 24.8b)
RoE = 25.16% (Net Income TTM 4.51b / Total Stockholder Equity 17.9b)
RoCE = 40.92% (EBIT 7.35b / Capital Employed (Equity 17.9b + L.T.Debt 4.00m))
RoIC = 23.63% (NOPAT 4.91b / Invested Capital 20.8b)
WACC = 7.97% (E(142b)/V(144b) * Re(8.07%) + D(2.28b)/V(144b) * Rd(2.54%) * (1-Tc(0.33)))
Discount Rate = 8.07% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 25.19 | Cagr: 0.02%
[DCF] Terminal Value 76.54% ; FCFF base≈4.59b ; Y1≈4.95b ; Y5≈6.04b
[DCF] Fair Price = 980.1 (EV 92.6b - Net Debt -10.0b = Equity 103b / Shares 104.7m; r=8.35% [WACC [floored]]; 5y FCF grow 8.94% → 2.50% )
EPS Correlation: -54.88 | EPS CAGR: -16.72% | SUE: 0.0 | # QB: 0
Revenue Correlation: 95.61 | Revenue CAGR: 7.73% | SUE: 1.26 | # QB: 1
EPS current Quarter (2026-06-30): EPS=0.00 | Chg30d=N/A | Revisions=N/A | Analysts=0
EPS next Quarter (2026-09-30): EPS=0.00 | Chg30d=N/A | Revisions=N/A | Analysts=0
EPS current Year (2026-12-31): EPS=44.42 | Chg30d=-0.26% | Revisions=-44% | GrowthEPS=+3.1% | GrowthRev=+4.8%
EPS next Year (2027-12-31): EPS=50.00 | Chg30d=-2.06% | Revisions=-50% | GrowthEPS=+12.6% | GrowthRev=+8.5%
[Analyst] Revisions Ratio: -56% (up=2, down=11)