Lvmh Moet Hennessy Louis Vuitton SE
MC: XPAR (FRA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|<S | LOCK|mx | LOCK|$%?#%$m |
LVMH Earnings: Slower Growth and Margin Challenges Amid Chinese Headwinds; Shares Look Overvalued
Wide-moat LVMH reported fourth-quarter 2024 results with just 1% organic revenue growth and a 14% decline in reported operating earnings compared with 2023. This comes in contrast to its share price rally, which has risen 18% since the start of 2025. China's economic slowdown, coupled with tough comparisons with a record 2023, remains the main drag on performance. We maintain our fair value estimate of EUR 650 per share and see shares as overvalued.
