Compagnie Financiere Richemont SA Class A
CFR: XSWX (CHE)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| CHF 524.00 | Kzvl | Pdvbxrfbh |
Richemont Earnings: Solid Revenue Growth but Big Currency Headwinds; Shares Now Fairly Valued
We are maintaining our fair value estimate for wide-moat Richemont as the company reported rather solid full-year results, albeit weighed down by currencies. After strong performance year to date—up around 29% and ahead of luxury peers except for Prada—the shares appear approximately fairly valued. Richemont shares are still cheaper than those of wide-moat peers LVMH and Hermes and can be considered a core portfolio holding.