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World's largest luxury goods group, owning fashion, leather goods, wines/spirits, perfumes, watches and jewelry brands like Louis Vuitton and Dior.
World's largest luxury goods group, owning fashion, leather goods, wines/spirits, perfumes, watches and jewelry brands like Louis Vuitton and Dior.
Earns most of its income from fashion and leather goods, where Louis Vuitton and Dior carry the group, sold mainly through its own stores rather than wholesalers; wines and spirits, perfumes and the Sephora retail chain are smaller. Bernard Arnault and his family control it. Tiffany was bought in 2021.
In one line: No direct US peer; closest fragment is Tapestry plus Estee Lauder..
Moat: wide (brand, scale, distribution). Portfolio of century-old luxury brands with global store networks and pricing power few can replicate.
Headquarters: Paris, France · Founded: 1987 · Employees: 211,000
Size LVMH Moet Hennessy Louis Vuitton (MC.PA) is a France Consumer Discretionary company (Apparel/Footwear) with a market value of $226B, the 2nd largest of 206 France companies the cockpit tracks. Shares closed at €408.75 on 6 Nov 2026.
Performance Over six months the shares fell 11.3%, against +3.7% for the median peer and -0.4% for the France market (cap-weighted) — 5th lowest of 21 in its peer set.
Growth Revenue fell 3.8% over the last twelve months (peer median +7.1%); the operating margin is 21.8% (peer median 17.9%).
Valuation It trades at 18.6× forward earnings against a peer median of 18.4× (11th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about 10% a year for seven years (Req g). Recent delivered growth is +13%, so the hurdle is -2 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 2.1 points above its cost of capital (11.3% WACC).
Credit LVMH Moet Hennessy Louis Vuitton has 13 bonds outstanding ($14.8B), rated AA- by the agencies and trading like AA+ at a weighted spread of 50 bp.
Next results Next results expected around 28 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €79.6B | €80.8B | €84.7B | €86.2B | €79.2B |
| Revenue growth | — | -5% | -2% | +9% | — |
| Gross profit | €52.9B | €53.5B | €56.8B | €59.3B | €54.2B |
| EBITDA | €24.0B | €24.3B | €26.1B | €28.8B | €26.6B |
| Net income | €10.9B | €10.9B | €12.6B | €15.2B | €14.1B |
| Free cash flow | €15.1B | €15.0B | €14.2B | €11.6B | €13.4B |
| Capital expenditure | €4.38B | €4.67B | €5.55B | €7.81B | €5.08B |
| Total debt | n/a | €36.3B | €40.7B | €38.5B | €35.1B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| LVMH Moet Hennessy Louis Vuitton MC.PA | $226B | -11% | -4% | 22% | 18.6× | 10.2% |
| Kering KER.PA | $25.7B | -23% | -9% | 11% | 30.9× | 12.2% |
| Compagnie Financiere Richemont CFR.SW | $122B | +10% | +2% | 21% | 24.8× | 10.5% |
| Hermes International SCA RMS.PA | $160B | -14% | +3% | 42% | 30.9× | 17.9% |
| Estée Lauder Companies (The) EL | $39.9B | +28% | +6% | 13% | 31.1× | 16.8% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | MC.PA | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +7.3% | +10.5% | 5th lowest of 21 |
| 6-month return | -11.3% | +3.7% | 5th lowest of 21 |
| Distance from 52-week high | -37.6% | -15.9% | 5th lowest of 21 |
| Revenue growth (TTM) | -3.8% | +7.1% | 2nd lowest of 21 |
| Operating margin | 21.8% | 17.9% | 6th highest of 21 |
| Forward P/E | 18.6× | 18.4× | 11th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | 10.2% | 7.2% | 9th most demanding of 21 |
| Growth delivered (Del g) | +12.6% | +15.9% | 7th lowest of 21 |
| Hurdle (Req g minus delivered) | -2.4 pp | -5.9 pp | 8th most demanding of 21 |
| ROIC minus cost of capital | +2.1 pp | +13.2 pp | 3rd lowest of 21 |
| EV / EBITDA | 9.5× | 10.1× | 8th cheapest of 19 |
| Net debt / EBITDA | 1.0× | 0.4× | 7th most indebted of 19 |
| Bond spread | 50 bp | 92 bp | tightest of 8 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| LVMH Moet Hennessy Louis Vuitton MC.PA | France | $226B | -11% | -4% | 22% | 18.6× | 10.2% | +12.6% |
| Hermes International SCA RMS.PA | France | $160B | -14% | +3% | 42% | 30.9× | 17.9% | +20.2% |
| Nike NKE | United States | $57.3B | -13% | -1% | 9% | 30.4× | 7.0% | +0.8% |
| adidas ADS.DE | Germany | $33.2B | +19% | +8% | 9% | 18.3× | 3.5% | +6.1% |
| Anta Sports 2020.HK | Hong Kong | $28.2B | +2% | +17% | 21% | 12.5× | -0.7% | +16.9% |
| Next NXT.L | United Kingdom | $23.8B | +24% | +13% | 19% | 18.8× | 12.5% | +14.3% |
| Ralph Lauren RL | United States | $22.4B | +5% | +15% | 17% | 18.6× | 11.0% | +13.0% |
| Asics 7936.T | Japan | $20.7B | +10% | +28% | 19% | 27.1× | 14.1% | +19.8% |
| Ryohin Keikaku 7453.T | Japan | $16.4B | +31% | +18% | 11% | 32.4× | 9.5% | +15.3% |
| Moncler MONC.MI | Italy | $13.8B | -11% | +3% | 29% | 19.5× | 10.8% | +16.8% |
| Lululemon Athletica LULU | United States | $12.8B | -16% | +2% | 18% | 13.4× | -8.9% | +20.3% |
| On Holding AG Class A ONON | United States | $12.3B | +6% | +29% | 14% | 20.0× | 22.0% | +51.6% |
| Deckers Brands DECK | United States | $11.6B | -14% | +6% | 23% | 11.0× | -3.3% | +16.5% |
| Levi Strauss & LEVI | United States | $8.77B | +1% | +5% | 13% | 14.6× | 5.2% | +7.1% |
| Shenzhou Intl 2313.HK | Hong Kong | $8.08B | -7% | +2% | 16% | 11.8× | -4.5% | +5.4% |
| V.F VFC | United States | $8.01B | +7% | -2% | 8% | 16.6× | 11.1% | +0.8% |
| Huali Industrial 300979.SZ | China | $7.09B | +6% | -10% | 14% | 19.7× | -4.4% | +12.4% |
| Crocs CROX | United States | $6.94B | +47% | +1% | 23% | 9.6× | 1.1% | +23.9% |
| Bosideng International 3998.HK | Hong Kong | $6.64B | +3% | +8% | 18% | 10.3× | -10.8% | +14.2% |
| Birkenstock BIRK | United States | $6.64B | -5% | +20% | 24% | 13.9× | 7.4% | +19.9% |
| Brunello Cucinelli BC.MI | Italy | $6.61B | +4% | +10% | 18% | 37.8× | 20.6% | +20.9% |
LVMH Moet Hennessy Louis Vuitton has 13 bonds outstanding with $14.8B face value. The agencies rate it AA-; its bonds trade like AA+. Weighted yield 3.66%, a spread of 50 bp over government bonds.