Lvmh Moet Hennessy Vuitton SE - ADR - Level I
LVMUY
Get informed when a big investor buys or sells
+ FollowMarket Cap$211.07B
Close$
Earnings Call Q2 2026
July 27, 2026 - AI Summary
H1 2026 headline performance (good surprise: strong margins despite FX):
- Revenue EUR 38.6bn, +2% organic (vs -3% reported due to -5% currency and -1% perimeter from DFS disposal).
- Q2 organic acceleration to +3% (vs +1% in Q1 per management comments).
- Operating margin 22.5% (very strong); Profit from recurring ops EUR 8.7bn, mainly impacted by significant negative currency.
- Net income ~in line with last year; free cash flow > EUR 4bn (notably strong for a second semester).
Group profitability: FX was the key headwind; operational discipline delivered cushion (good):
- Cecile highlighted EBIT growth ~+4% organic, but offset by ~EUR 700m negative currency impact.
- Gross margin improved +30 bps to 67.1% (supports the “discipline/efficiency” narrative).
- Net profit group share EUR 5.7bn, in line YoY; tax rate ~30% (French surtax impact persists).
Business group momentum (mixed, with clear winners):
- Fashion & Leather Goods: EUR 18.1bn, -1% organic (reported -5% after FX). Q2 organic +1%; margins remain extremely high but operating margin contracted 60bps largely due to FX. Sequential acceleration in most brands in Q2; Louis Vuitton and Dior both positive in Q2.
- Watches & Jewelry (best momentum): EUR 5.2bn, +9% organic; Q2 double-digit growth. Operating margin 15.9% (+90bps YoY). Tiffany and Bulgari both strong; watches still somewhat negative but category improving when combined.
- Selective Retailing: EUR 8.4bn, +5% organic, reported -2% (FX -5% + DFS perimeter impact -3%). Sephora “good performance” broadly across categories/regions.
- Wines & Spirits (resilient recovery): EUR 2.6bn, +5% organic; operating margin 22.4% (+210bps). Growth mainly volume/Champagne; Cognac improving demand especially in China; U.S. softer.
- Perfumes & Cosmetics: EUR 3.9bn, flat organic; reported down after FX. Operating margin improved slightly (+20bps) despite flat growth—management attributes “sluggish” top line to selective distribution/promotion discipline and travel retail headwinds.
Exclusive for Stockcircle Pro members
Sign up
$79.11
11.1% downside
Current Fair Value
11.1% downsideOvervalued by 11.1% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $211.07 Billion |
|---|---|
| Enterprise Value | $242.92 Billion |
| Dividend Yield | $3.04 (3.42%) |
| Earnings per Share | $4.2 |
| Beta | 0.84 |
| Outstanding Shares | 2,472,935,775 |
Return
| Return on Equity | 32.13% |
|---|---|
| Return on Assets | 15.43% |
| Return on Invested Capital | 30.33% |
Valuation & Multiples
| P/E Ratio | 17.31 |
|---|---|
| PEG | -10353 |
| Price to Sales | 1.37 |
| Price to Book Ratio | 3.18 |
| Enterprise Value to Revenue | 1.5 |
| Enterprise Value to EBIT | 7.08 |
| Enterprise Value to Net Income | 11 |
| Total Debt to Enterprise | 0.16 |
| Debt to Equity | 0.57 |
Revenue Sources
No data
Insider Trades
Last Earnings Call
Report Date
July 28, 2026
EPS Estimate
$2.55
Average shareholder expectationRevenue Estimate
$44.79 B
Average shareholder expectationNext Earnings Call
Expected Date
January 28, 2027
EPS Estimate
$2.96
Average shareholder expectationRevenue Estimate
$46.86 B
Average shareholder expectationInstitutional Put/Call Ratio
Market sentiment based on institutional option activity.
| Put/Call Ratio | 0.00000% |
|---|---|
| Total Calls | - |
| Total Puts | - |
Institutional Ownership
Holdings and activity of institutional investors.
| Ownership % | 0.00%▼ 0.04% |
|---|---|
| Total Invested | $867,800▼ 99.30% |
| Investors Holding | 3▼ 46.00% |
ESG Score
No data
About LVMH Moët Hennessy Louis Vuitton SE
211,000 employees
CEO: Bernard Arnault / Antonio Federico Belloni LVMH Moët Hennessy Louis Vuitton SE engages in the manufacture of luxury goods. It operates through the following business segments: Wines & Spirits, Fashion & Leather Goods, Perfumes & Cosmetics, Watches & Jewelry, Selective Retailing, ...