Hermès International Société en commandite par actions (HMI) Fair Value & Analysis
Consumer Cyclical · DE · Market cap €173B · ISIN FR0000052292
What is Hermès International Société en commandite par actions really worth?
A strong business, but trading 99% above our fair value of €734.28.
As of Aug 27, 2026, the fair value of Hermès International Société en commandite par actions is €734.28 per share against a price of €1,460, so the fair value sits 50% below the price. A model estimate blended from multiple valuation models, recalculated regularly.
Strengths
For context
Fair value as of: Aug 27, 2026
From 26 valuation models · updated 10 days ago
Share price −5.3% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- A high-quality business (quality 77/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
- The price sits above even our optimistic bull case (€963.41). The favourable scenario is already priced in.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 27, 2026.
How to read this chart
60‑month range €932.05 – €2,780 · fair‑value band €550.71 – €963.41 · the €1,460 price screens above the €734.28 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 27, 2026.
Analysis
Hermès International Société en commandite par actions (HMI) currently trades at €1,460, while our model-based Fair Value estimate is €734.28, implying the stock looks roughly 98.8% overvalued today. The Quality Score stands at 77/100 (high quality), in the Consumer Cyclical sector. Bull case: the DCF Models group reads highest at a median of €1,078 per share, and 0 of the 26 models we run sit above the €1,460 price. Bear case: the Asset-Based group reads lowest at €120.53, and 26 of the 26 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, Hermès International Société en commandite par actions generated revenue of €16.0B at a net margin of 28.3%. Revenue grew 3.9% year over year. It earns a return on equity of 25.2%. The balance sheet holds a net cash position of €9.9B. Fundamentals as of Aug 27, 2026
Our scenario range runs from €550.71 (bear case) to €963.41 (bull case); at €1,460, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 41% below its 52-week high, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at −6% fair-value upside, at −50%, HMI screens richer than that median.
Fair Value models
This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly €17.13 per share, which is 2.3 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 26 models by family
Widest divergence: DCF Models (€1,078) versus Asset-Based (€120.53). Highest evidence: FCF DCF (78).
Notify me when HMI reaches fair value
Put HMI on your watchlist. We get in touch as soon as price and fair value meet or the trend turns.
Set up alert →Free, no payment details. Unsubscribe anytime in one click.
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 27, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 77 · Market factors (momentum, volatility) 27
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Hermès International Société en commandite par actions engages in the production, wholesale, and retail of various goods.
Full company description
Hermès International Société en commandite par actions engages in the production, wholesale, and retail of various goods. The company offers leather goods and saddlery, such as bags for men and women, travel articles, small leather goods and accessories, saddles, bridles, and various equestrian products and clothing; ready-to-wear garments for men and women; and accessories, including jewelry, belts, hats, gloves, internet of things products, and shoes. It also provides silk and textiles for men and women; art of living and tableware products; beauty and perfume products; and watches. In addition, the company is involved in weaving, engraving, printing, dyeing, finishing, and producing textiles; purchasing, tanning, dyeing, finishing, and selling tanneries and precious leathers; and creating and producing of metal parts. It sells its products through a network of stores in France, rest of Europe, Japan, the Asia Pacific, the Americas, and the Middle East, as well as sells watches, perfumes, and tableware through a network of specialized stores. The company was founded in 1837 and is headquartered in Paris, France. Hermès International Société en commandite par actions is a subsidiary of H51 SAS.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Hermès International Société en commandite par actions reported revenue of €16.0B in FY2025 versus €9.0B in FY2021, a compound +15.5%/yr. Reported net income was €4.5B in FY2025, compounding +16.6%/yr from FY2021.
of which total revenue +13.6 % · buybacks/dilution +0.0 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
HMI screens 99% overvalued. Compare with Compagnie Financière Richemont SA →
Peer Group
Luxury Goods · 135 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Luxury Goods median · lower = cheaper
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Luxury Goods stocks, each showing price versus our Fair Value estimate (as of Aug 27, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Compagnie Financière Richemont SA CFR | CHF 192.15 | CHF 119.49 | −38% |
| Christian Dior SE DIO | €423.60 | €1,095 | +159% |
| Titan Company TITAN | ₹5,106 | ₹972.23 | −81% |
| Tapestry, Inc TPR | $153.74 | $19.95 | −87% |
| Chow Tai Fook Jewellery Group 1929 | HK$12.31 | HK$11.51 | −6% |
| The Swatch Group UHRN | CHF 36.35 | CHF 8.46 | −77% |
| Prada S.p.A 1913 | HK$40.86 | HK$64.71 | +58% |
| Pandora A/S PNDORA | kr 783.00 | kr 1,424 | +82% |
| Laopu Gold Co 6181 | HK$385.00 | HK$654.83 | +70% |
| Brunello Cucinelli S.p.A BC | €89.08 | €34.90 | −61% |
Compare Hermès International Société en commandite par actions with another stock
Price, fair value, quality and upside side by side.
Explore undervalued stocks
More undervalued Consumer Cyclical stocks →
Try a ready-made strategy
Pick a strategy and jump into the live analysis with that exact screen applied.
Discover tools
Frequently asked questions
Is Hermès International Société en commandite par actions (HMI) overvalued or undervalued?
What is the fair value of HMI?
What is the quality score of HMI?
What is the price target for Hermès International Société en commandite par actions (HMI)?
What is the Hermès International Société en commandite par actions stock forecast for 2026?
What is the revenue of Hermès International Société en commandite par actions (HMI)?
What is the net profit margin of HMI?
Does Hermès International Société en commandite par actions pay a dividend?
Watch Hermès International Société en commandite par actions in the live analysis
One click puts Hermès International Société en commandite par actions on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
Watch for free →Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.