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Hermes International SA RMS Stock Quote

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Morningstar‘s Stock Analysis RMS

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Is it the right time to buy or sell?
Is it the right time to buy or sell?

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Economic Moat

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Capital Allocation

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Hermes Delivers Record Growth and Profitability, Helped by Sales Across Segments

Jelena Sokolova, CFA Senior Equity Analyst

Business Strategy and Outlook

| Jelena Sokolova, CFA |

We believe wide-moat Hermes International has carved out a unique niche in the luxury goods industry, which will provide it with continuing superior returns on capital. Hermes’ iconic leather bag styles (part of the more than EUR 4 billion leather goods segment) are in limited supply, supporting the brand’s exclusivity perception and providing the company with demand visibility and significant pricing power. Hermes Birkin and Kelly bags are sold in secondary markets and auctions for higher than the initial purchase prices--an impressive feat for soft luxury goods.

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Key Statistics RMS

Company Profile RMS

Business Description

Hermes is a 180-year-old family controlled luxury goods company best known for its Birkin and Kelly bags. Its biggest segments are leather goods and saddlery, accounting for around half of revenue; clothes and accessories (22% of sales); silk and textiles (7%); and other products such as perfumes, watches, jewellery, and home furnishings. Hermes has around 300 stores globally, of which it owns and operates 221.

Contact
24 rue du Faubourg Saint Honore
Paris, 75008, France
T +33 140174920
Industry Luxury Goods
Most Recent Earnings
Fiscal Year End Dec 31, 2021
Employees 18,428

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