LVMH is a great conglomerate! I own them too and going to add more shares. // Why do you use Net Profit Margin, not EPS projected growth, in your estimates?
Great to hear, would be happy to know more about your thesis! Fair point. Here I only played with top line for the sake of simplicity, but I also assumed FCFO will be mainly utilized for new strategic investments, be it M&A or current brands renovations, at the expense of buybacks. I thought this would add more margin of safety.
LVMH is a great conglomerate! I own them too and going to add more shares. // Why do you use Net Profit Margin, not EPS projected growth, in your estimates?
Great to hear, would be happy to know more about your thesis! Fair point. Here I only played with top line for the sake of simplicity, but I also assumed FCFO will be mainly utilized for new strategic investments, be it M&A or current brands renovations, at the expense of buybacks. I thought this would add more margin of safety.
This makes Dior even more attractive.