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
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 €.

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 €.

LVMH Moet-Hennessy Louis Vuitton: 1 director sold

A director at LVMH Moet-Hennessy Louis Vuitton sold 100,000 shares at 357.847EUR and the significance rating of the trade was 100/100. 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....

Jean-Christophe Dourret

LVMH : LVMH - 25 May 2020

...

Jean-Christophe Dourret

Total : Technical Overview - 25 May 2020

...

Jean-Christophe Dourret

LVMH : LVMH - 25 mai 2020

...

Jean-Christophe Dourret

Total : Tour d Horizon - 25 mai 2020

...

Research Department

INFORME DIARIO 04 MAYO (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME. ESPAÑA: AEDAS, CAF, FCC, FERROVIAL, IAG, LAR ESPAÑA, NATURGY, SECTOR ELÉCTRICO ESPAÑA, UNICAJA. EUROPA: ALLIANZ, LVMH Los datos macro y el BCE lastran las bolsas Recogida de beneficios en la mayoría de las bolsas europeas y americanas. En el Euro STOXX todos los sectores cerraron en negativo, con Bancos y Seguros liderando las caídas frente a Telecos y Bienes de Consumo que fueron los que menos cayeron. Por el lado macro, en la Eurozona el PIB del 1T’20 cayó conforme a lo esperado hasta un -3,3% a/a, la caída más pronunciada de la serie histórica. La in...

ING
Alyssa Gammoudy ...
  • Hendrik Wiersma
  • Jeroen van den Broek
  • Nadège Tillier
  • Suvi Platerink Kosonen
  • Timothy Rahill

Coffee, Croissants & Credit/KBC, NIBC, LVMH, Orange, Telia & BCD

Financials: KBC to book a negative fair value change of €0.4bn and Belgian corporate impairments in 1Q20. NIBC indicates to not meet its medium term targets this year

ING
Alyssa Gammoudy ...
  • Hendrik Wiersma
  • Jeroen van den Broek
  • Nadège Tillier
  • Suvi Platerink Kosonen
  • Timothy Rahill

Coffee, Croissants & Credit/UK banks, HSBC, RBS, Nordic banks, Pernod Ricard & LVMH

Financials: UK banks scrap dividends and share repurchases this year. HSBC's performance remained resilient in 1Q20, but expected loan losses to increase. RBS cancels its dividends confirming the decision to have no impact on AT1 coupon payments

ING
Alyssa Gammoudy ...
  • Hendrik Wiersma
  • Jeroen van den Broek
  • Nadège Tillier
  • Suvi Platerink Kosonen
  • Timothy Rahill

Coffee, Croissants & Credit/Mutual fund flows, ECB, Rabobank, ABN AMRO, LVMH & ASML

Strategy: Mutual funds continue outflow in Euro but have turned to inflows in USD IG

ING
Alyssa Gammoudy

Luxury goods/Couture in a time of coronavirus

While it is likely that this year will be extraordinarily challenging for luxury goods companies, we also believe this sector is more resilient than one initially would expect. We have looked in particular at Kering and LVMH and we like both companies because of their strong cashflow generation, low leverage and ability to keep the margins high. However, we prefer LVMH and favour the MCFP0.0 2/24 which offers an ASW+110bp (mid).

ING
Alyssa Gammoudy ...
  • Hendrik Wiersma
  • Jeroen van den Broek
  • Nadège Tillier
  • Suvi Platerink Kosonen
  • Timothy Rahill

Coffee, Croissants & Credit/CSPP & Enagas

CSPP purchases of €2bn included a piece of all 5 € tranches in recent LVMH deal

Alain William ...
  • Antoine Boivin-Champeaux
  • Benoit Valleaux
  • Christophe-Raphaël Ganet
  • Florent Laroche-Joubert
  • Jean Danjou
  • Jerôme Bodin
  • Johanna Jourdain
  • Louis Boujard, CFA
  • Matthias Desmarais
  • Olfa Taamallah
  • Philippe Ourpatian
  • Pierre Tegner
  • Roland Pfaender,MBA,CFA,CCRA
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 04/17/2020

The impacts of the COVID-19 pandemic are massive on the hotel/leisure sector (2020e EPS forecast down 41%). They undermine the weakest players. Our preference henceforth goes to the most resilient business models and the most solid balance sheets; Advantage Accor and Whitbread. Cf. report published last evening. - ...

Alain William ...
  • Antoine Boivin-Champeaux
  • Benoit Valleaux
  • Christophe-Raphaël Ganet
  • Florent Laroche-Joubert
  • Jean Danjou
  • Jerôme Bodin
  • Johanna Jourdain
  • Louis Boujard, CFA
  • Matthias Desmarais
  • Olfa Taamallah
  • Philippe Ourpatian
  • Pierre Tegner
  • Roland Pfaender,MBA,CFA,CCRA
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 17/04/2020

Les impacts de la pandémie du COVID-19 sont colossaux sur le secteur de l’hôtellerie/loisirs (BPA 2020 attendus en baisse de 41%). Ils mettent à mal les acteurs les plus fragiles. Nous privilégions désormais les business models les plus résilients et les bilans les plus solides : avantage à Accor et Whitbread. Cf. étude publiée hier soir. - ...

Ahmed Ben Salem ...
  • Christophe-Raphaël Ganet
  • Emmanuel Matot
  • Jean Danjou
  • Johanna Jourdain
  • Matthias Desmarais
  • Pierre Tegner
  • Stephane Houri

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 04/16/2020

The impact of the pandemic will be strong: support measures will not be enough to avert a sharp increase in risk. However, current valuations (P/BV = 0.36x) underestimate the sector's resilience. The undifferentiated correction is an opportunity to bet on a more selective return to normal: upgrade to BUY for KBC and Amundi, downgrade to reduce for UBS, CS and ISP. - Cf. report published last evening. - ...

Ahmed Ben Salem ...
  • Christophe-Raphaël Ganet
  • Emmanuel Matot
  • Jean Danjou
  • Johanna Jourdain
  • Matthias Desmarais
  • Pierre Tegner
  • Stephane Houri

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 16/04/2020

L’impact de la pandémie sera fort : les mesures de soutien ne pourront pas éviter une forte hausse du risque. Cependant, les valorisations (P/BV = 0.36x) sous-estiment la capacité de résistance du secteur. La correction indifférenciée est une opportunité de parier sur un retour à la normale sélectif. Nous relevons notre recommandation à Achat sur KBC et Amundi et dégradons UBS, Credit Suisse et Intesa à Alléger. Cf. étude publiée hier soir. - ...

Antoine Boivin-Champeaux ...
  • Charles Lepetitpas
  • Christophe Chaput
  • Jean Danjou
  • Johanna Jourdain
  • Matthias Desmarais
  • Nicolas David
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 04/09/2020

...

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.

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 ...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch