Lvmh Moet Hennessy Louis Vuitton SE

LVMH maintains a capital structure characterized by significant leverage relative to its equity base, with a debt-to-equity ratio of 0.54 and long-term debt totaling €36.3 billion against total equity of €67.5 billion. The balance sheet shows total assets of €142.0 billion and total liabilities of €74.6 billion. Liquidity is assessed as medium risk, supported by a current ratio of 1.58, though the company holds only €3.5 billion in cash and equivalents, resulting in a net cash position that is negative after subtracting total debt. The firm generates substantial operating cash flow of €18.9 billion, which covers capital expenditures of €4.7 billion, yielding free cash flow of €6.5 billion.

Profitability metrics indicate strong returns on capital, with a return on equity (ROE) of 16.12% and a return on assets (ROA) of 7.66%. The company reports revenue of €80.8 billion and net income of €10.9 billion, resulting in a net margin of approximately 13.5%. Operating income stands at €17.1 billion, reflecting a robust operating margin. The valuation snapshot shows a price-to-earnings ratio of 21.3 and an EV/EBITDA of 15.47, suggesting the market prices the stock at a premium relative to earnings, consistent with high-quality luxury assets. The price-to-book ratio is 3.43, indicating investors value the brand equity and intangible assets above the book value of tangible equity.

The company’s revenue is derived from its diversified portfolio of luxury brands, though specific segment breakdowns are not provided in the current data snapshot. The geographic exposure is implied to be global given the nature of the luxury goods industry, but specific regional revenue concentrations are not detailed in the available input. The lack of segment data prevents a granular analysis of revenue concentration risk by product line or region, but the diversified nature of the conglomerate model typically mitigates single-segment dependency.

Growth trajectory analysis is limited by the absence of historical period data in the input. The current financial snapshot provides a single-period view of revenue and profitability, preventing a year-over-year or compound annual growth rate calculation. Without historical revenue or net income trends, the assessment of growth momentum relies solely on the current period's absolute performance and market expectations embedded in the valuation multiples.

Risk assessment highlights medium liquidity risk and low dilution risk. The key flag notes that net cash is negative after subtracting total debt, which is a structural characteristic of the company's capital allocation strategy rather than an immediate solvency concern, given the strong operating cash flow. The dilution risk is low, with basic and diluted shares outstanding being identical at 496.4 million, indicating no significant in-the-money options or convertible securities impacting the share count.

Recent events include a re-admission trigger related to Hermes/LVMH coverage closure, noted in the news event observations. Analyst sentiment remains positive, with a mean recommendation of 2.13 (on a scale where 1 is strong buy) and a mean price target of €567.95, implying upside from the current market price of €466.80. The high price target of €660.00 and low of €420.00 reflect a wide dispersion in analyst views, but the majority of recommendations are buy or strong buy, with 8 strong buys and 12 buys compared to 8 holds.

Moelis generated $233 million net income in FY2026, representing a 71.3% year-over-year increase from the prior fiscal year.

Free cash flow turned positive at $26.5 million in FY2026, marking a 177.1% improvement from the previous year's deficit.

Moelis maintains a zero long-term debt balance, resulting in a debt-to-equity ratio of 0.0 versus a cohort median of 0.4.

Revenue declined from $1.54 billion in FY2022 to $1.52 billion in FY2026, reflecting a negative 0.4% four-year CAGR.

Net income fell from $365 million in FY2022 to $233 million in FY2026, indicating a negative 10.6% four-year CAGR.

The company reported a net loss of $24.7 million and negative operating income of $40.4 million in FY2024.

Free cash flow was negative $218 million in FY2024, highlighting significant volatility in cash generation capabilities.

Revenue €19.12B, −5,9% YoY.

• ▍Revenue €19.12B, −5,9% YoY

Revenue €18.28B, −4,2% YoY.

• ▍Revenue €18.28B, −4,2% YoY

Revenue €20.31B.

• ▍Revenue €20.31B

Revenue €19.08B.

• ▍Revenue €19.08B

Revenue €80.81B, −4,6% YoY; Operating income −9,6% YoY.

• ▍Revenue €80.81B, −4,6% YoY
• ▍Operating income −9,6% YoY
• ▍Net income −13,3% YoY
• ▍Free cash flow −10,8% YoY
• ▍Net margin 13.5%

Revenue €84.68B, −1,7% YoY; Operating income −16,2% YoY.

• ▍Revenue €84.68B, −1,7% YoY
• ▍Operating income −16,2% YoY
• ▍Net income −17,3% YoY
• ▍Free cash flow −3,2% YoY
• ▍Net margin 14.8%

Revenue €86.15B, +8,8% YoY; Operating income +7,4% YoY.

• ▍Revenue €86.15B, +8,8% YoY
• ▍Operating income +7,4% YoY
• ▍Net income +7,7% YoY
• ▍Free cash flow −16,2% YoY
• ▍Net margin 17.6%

Revenue €79.18B, +23,3% YoY; Operating income +22,4% YoY.

• ▍Revenue €79.18B, +23,3% YoY
• ▍Operating income +22,4% YoY
• ▍Net income +17,0% YoY
• ▍Free cash flow −18,3% YoY
• ▍Net margin 17.8%

Revenue €64.22B; Operating income €17.16B.

• ▍Revenue €64.22B
• ▍Operating income €17.16B
• ▍Net margin 18.7%