Compagnie Financiere Richemont SA Class A
CFR: XSWX (CHE)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| QbT | LOCK|jC | LOCK|%!c<Xc |
Richemont: Stark Improvement in Sales in Q3 Drives Shares Toward Our Fair Value Estimate
We keep our fair value estimate for wide-moat Richemont as the firm reported a strong improvement in sales trends in its fiscal third quarter. Having rallied almost 50% over the past year, outperforming most luxury peers, shares now look fairly valued to us.
