(RMS) Hermes International SCA - PA
Sector: Consumer Cyclical | Industry: Luxury Goods | Exchange: PA (France) | Market Cap: 169.678m EUR | Total Return: -27.7% in 12m
Avg Turnover: 180M
EPS Trend: -54.9%
Qual. Beats: 0
Rev. Trend: 98.7%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Hermès International SCA, headquartered in Paris and founded in 1837, is a French luxury goods company engaged in the production, wholesale, and retail of a wide range of high-end products. Its portfolio spans leather goods and saddlery, ready-to-wear garments, fashion accessories, silk and textiles, art of living and tableware, beauty and perfume, and watches. The company operates a global distribution network of directly operated stores across France, Europe, Japan, Asia Pacific, the Americas, and the Middle East, with additional specialized retail channels for watches, perfumes, and tableware.
Hermès is structured as a Société en commandite par actions, a French corporate form often associated with family-controlled luxury houses, and is a subsidiary of H51 SAS. Beyond finished goods, the group maintains significant vertical integration, with in-house capabilities in weaving, engraving, printing, dyeing, textile finishing, tanning, and metal part production, a structure typical of heritage luxury houses seeking to preserve craftsmanship and control over critical production stages.
- Asia-Pacific sales growth drives revenue on Chinese luxury demand recovery
- Leather goods margins expand on Birkin and Kelly bag pricing power
- Euro strength pressures reported revenue and European tourist spending
| Net Income: 4.52b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.18 > 0.02 and ΔFCF/TA -0.18 > 1.0 |
| NWC/Revenue: 79.52% < 20% (prev 78.09%; Δ 1.43% < -1%) |
| CFO/TA 0.22 > 3% & CFO 5.45b > Net Income 4.52b |
| Net Debt (-9.89b) to EBITDA (8.37b): -1.18 < 3 |
| Current Ratio: 4.99 > 1.5 & < 3 |
| Outstanding Shares: last quarter (105.0m) vs 12m ago 0.01% < -2% |
| Gross Margin: 68.90% > 18% (prev 70.26%; Δ -1.37% > 0.5%) |
| Asset Turnover: 67.51% > 50% (prev 65.72%; Δ 1.79% > 0%) |
| Interest Coverage Ratio: 135.3 > 6 (EBIT TTM 7.44b / Interest Expense TTM 55.0m) |
| A: 0.52 (Total Current Assets 15.9b - Total Current Liabilities 3.19b) / Total Assets 24.3b |
| B: 0.19 (Retained Earnings 4.52b / Total Assets 24.3b) |
| C: 0.31 (EBIT TTM 7.44b / Avg Total Assets 23.7b) |
| D: 3.44 (Book Value of Equity 18.8b / Total Liabilities 5.47b) |
| Altman-Z'' = 9.76 = AAA |
| DSRI: 1.65 (Receivables 833.0m/478.0m, Revenue 16.0b/15.2b) |
| GMI: 1.02 (GM 70.26% / 68.90%) |
| AQI: 0.98 (AQ_t 0.12 / AQ_t-1 0.12) |
| SGI: 1.05 (Revenue 16.0b / 15.2b) |
| TATA: -0.04 (NI 4.52b - CFO 5.45b) / TA 24.3b) |
| Beneish M = -2.45 (Cap -4..+1) = BBB |
As of June 25, 2026, the stock is trading at EUR 1629.00 with a total of 75,390 shares traded. Over the past week, the price has changed by -5.70%, over one month by -1.30%, over three months by -0.48% and over the past year by -27.71%.
Current recommended Stop Loss: 1528.90 (which is 6.1% or 1.6 ATR below the current price).
Hermes International SCA has no consensus analysts rating.
P/E Trailing = 37.6394
P/E Forward = 38.9105
P/S = 10.6036
P/B = 9.5696
P/EG = 3.9608
Revenue TTM = 16.0b EUR
EBIT TTM = 7.44b EUR
EBITDA TTM = 8.37b EUR
Long Term Debt = 34.0m EUR (from longTermDebt, last quarter)
Short Term Debt = 325.0m EUR (from shortTermDebt, last quarter)
Debt = 2.35b EUR (from shortLongTermDebtTotal, last quarter) (leases 2.31b already included)
Net Debt = -9.89b EUR (calculated: Debt 2.35b - CCE 12.2b)
Enterprise Value = 160b EUR (170b + Debt 2.35b - CCE 12.2b)
Interest Coverage Ratio = 135.3 (Ebit TTM 7.44b / Interest Expense TTM 55.0m)
EV/FCF = 36.19x (Enterprise Value 160b / FCF TTM 4.42b)
FCF Yield = 2.76% (FCF TTM 4.42b / Enterprise Value 160b)
FCF Margin = 27.59% (FCF TTM 4.42b / Revenue TTM 16.0b)
Net Margin = 28.27% (Net Income TTM 4.52b / Revenue TTM 16.0b)
Gross Margin = 68.90% ((Revenue TTM 16.0b - Cost of Revenue TTM 4.98b) / Revenue TTM)
Gross Margin QoQ = 71.55% (prev 66.27%)
Tobins Q-Ratio = 6.57 (Enterprise Value 160b / Total Assets 24.3b)
Interest Expense / Debt = 2.34% (Interest Expense 55.0m / Debt 2.35b)
Taxrate = 33.17% (2.26b / 6.82b)
NOPAT = 4.97b (EBIT 7.44b * (1 - 33.17%))
Current Ratio = 4.99 (Total Current Assets 15.9b / Total Current Liabilities 3.19b)
Debt / Equity = 0.12 (Debt 2.35b / totalStockholderEquity, last quarter 18.8b)
Debt / EBITDA = -1.18 (Net Debt -9.89b / EBITDA 8.37b)
Debt / FCF = -2.24 (Net Debt -9.89b / FCF TTM 4.42b)
Total Stockholder Equity = 17.0b (last 4 quarters mean from totalStockholderEquity)
RoA = 19.08% (Net Income 4.52b / Total Assets 24.3b)
RoE = 26.68% (Net Income TTM 4.52b / Total Stockholder Equity 17.0b)
RoCE = 43.80% (EBIT 7.44b / Capital Employed (Equity 17.0b + L.T.Debt 34.0m))
RoIC = 24.07% (NOPAT 4.97b / Invested Capital 20.7b)
WACC = 7.69% (E(170b)/V(172b) * Re(7.77%) + D(2.35b)/V(172b) * Rd(2.34%) * (1-Tc(0.33)))
Discount Rate = 7.77% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 27.60 | Cagr: 0.02%
[DCF] Terminal Value 76.00% ; FCFF base≈4.34b ; Y1≈4.52b ; Y5≈5.13b
[DCF] Fair Price = 851.2 (EV 79.3b - Net Debt -9.89b = Equity 89.2b / Shares 104.7m; r=8.35% [WACC [floored]]; 5y FCF grow 4.32% → 2.50% )
EPS Correlation: -54.88 | EPS CAGR: -16.72% | SUE: 0.0 | # QB: 0
Revenue Correlation: 98.73 | Revenue CAGR: 9.82% | SUE: 0.01 | # QB: 0
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=44.63 | Chg30d=+0.00% | Revisions=-67% | GrowthEPS=+3.6% | GrowthRev=+5.1%
EPS next Year (2027-12-31): EPS=51.61 | Chg30d=+0.00% | Revisions=-68% | GrowthEPS=+15.7% | GrowthRev=+9.4%
[Analyst] Revisions Ratio: -68%