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Compagnie Financiere Richemont SA - Stock Quote CFR

Rating as of

Morningstar's Compagnie Financiere Richemont SA Stock Analysis

Valuation
Currency in CHF
Is it the right time to buy or sell?
Is it the right time to buy or sell?

1-Star Price

INVESTOR

5-Star Price

INVESTOR

Economic Moat

INVESTOR

Capital Allocation

INVESTOR

Richemont's Sales Growth Very Strong but Profitability Development Disappointing; Shares Attractive

Jelena Sokolova, CFA Senior Equity Analyst

Analyst Note

| Jelena Sokolova, CFA |

We maintain our CHF 123 fair value estimate for wide-moat Richemont after the company reported stronger annual sales but weaker profitability for fiscal 2022 than we and consensus expected. We believe the recent share price pullback presents an interesting opportunity to build a position in this high-quality company.

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Compagnie Financiere Richemont SA's Company Profile

Business Description

Richemont is a luxury goods conglomerate with 20 brands. Jewellery and watch brands make up over 70% of sales, but the group is also active in accessories, writing instruments, clothing and online luxury retail. Richemont’s Jewellery Maisons, including Cartier and Van Cleef & Arpels, account for 56% of revenue and over 95% of profits. Its other brands include Vacheron Constantin, Piaget, Jaeger-LeCoultre, IWC Schaffhausen, Lange & Soehne, Officine Panerai, and Montblanc. Online businesses include Yoox Net-a-Porter.

Contact
50, Chemin de la Chenaie, CP 30
Geneva, 1293, Switzerland
T +41 227213500
Sector Consumer Cyclical
Industry Luxury Goods
Most Recent Earnings
Fiscal Year End Mar 31, 2023
Stock Type
Employees 35,853

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