Hermès Shares Bounce Over 2%, Boosted by Luxury Sector's Recovery
The stock of the house from Faubourg Saint-Honoré is moving forward in the session, following the recovery of the luxury sector in Paris. The rebound comes after a long period of decline that still heavily impacts the annual performance.
Hermès Moves Above Its Short-Term Moving Averages but Remains Far from the MM200
Hermès stock gains 2.23% to €1,670.50, among the strongest rises in the CAC 40 which is up by 1.01%. This movement allows the stock to slightly exceed its MM20 (€1,615.70) and MM50 (€1,658.86), with a positive gap of 3.39% and 0.70% respectively. The MM200, at €1,988.58, remains out of reach (16% above the current price), reflecting a significant drop. The RSI at 49 remains neutral, indicating that today's rebound does not yet signify a momentum reversal. The stock is also fluctuating between its support at €1,571.50 (tested and briefly breached on May 20) and its resistance at €1,741.00. The rise is part of a sectorial dynamic: LVMH is up 1.87%, Kering 2.61% and Christian Dior 1.55%, as the luxury sector recovers after several tense sessions.
Valuation Remains High as China Weighs on the Sector
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Over a year, the stock is still down nearly 30%, and about 18% over three months. The backdrop in China remains unfavorable: sales of jewelry and gold in China fell by 21.3% year-on-year in April according to the NBS, while Swiss watch exports to the Chinese market grew only by 4.2%. During the annual results announcement for 2025 (on February 11, 2026), the company confirmed an ambitious target for medium-term constant-rate revenue growth. According to the consensus of surveyed analysts, the stock is priced at about 37.4 times the expected earnings for the current fiscal year and 32.4 times those for the following year, a multiple that reflects the historical premium granted to the brand. The next identifiable milestone for shareholders: the resistance zone of €1,741, about 4% above current levels.
Le modèle Hermès, fondé sur une distribution exclusive et qualitative, a une nouvelle fois porté ses fruits. Hermès aborde l’année 2026 avec confiance.
Résultats annuels 2025 solides: chiffre d’affaires de 16 002 millions d’euros, croissance à taux constants de 8,9 % et croissance à taux courants de 5,5 %. Résultat opérationnel courant de 6 569 millions d’euros (41,0 % du chiffre d’affaires) et résultat net de 4 524 millions d’euros. Cash flow disponible ajusté de 3 880 millions d’euros; trésorerie nette retraitée à 12 773 millions d’euros. Propositions de dividendes et actions nouvelles pour 2026, avec un accent sur le développement et l’emploi.
Outlook / guidance
Expected revenue: Le chiffre d’affaires 2026 est attendu en progression à taux constants sans chiffre précis communiqué.
Expected EBITDA: Non précisé dans le communiqué.
Expected net income: Non précisé dans le communiqué.
Management commentary: Perspectives positives pour 2026, grâce au modèle d’entreprise intégré et à la fidélité de la clientèle, malgré un contexte économique et géopolitique incertain.
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