Compagnie Financiere Richemont SA Class A

CFR: XSWX (CHE)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	CHF 962.00	Pvhk	Qpmffsq

Richemont: Resilience in an Industry Downturn; Shares Fairly Valued

Jelena Sokolova

Jul 16, 2024

We maintain our fair value estimate for wide-moat Richemont as the company reported resilient sales trends in the first quarter in a more challenging industry backdrop. At current levels, shares look broadly fairly valued, trading at a small discount to our fair value estimate.

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