Lvmh Moet Hennessy Louis Vuitton SE

MC: XPAR (FRA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	€595.00	Fxcwj	Ygtqlvfd

LVMH Continues To Deliver Solid Growth and Profitability Despite China Lockdowns and Inflation

Jelena Sokolova

Jul 27, 2022

We are increasing our fair value estimate for LVMH to EUR 550 per share as the company reported a solid first-half 2022 despite lockdowns in China and a challenging comparison base. The increase reflects higher profitability expectations for its fashion and leather division this year, currency tailwinds, and time value of money effect.

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