André, RosárioConceição, Dulce Beatriz de Andrade Alves e2024-10-152024-02-022023-12-30http://hdl.handle.net/10362/173498This report provides a comprehensive analysis of Hermès International. Additionally, a macroeconomic outlook, as well as an overview of some of the key regions in which Hermès operates, was also conducted to get a better understanding of how the market will evolve and what are some of the potential untapped growth opportunities for the company. Additionally, the valuation of Hermès was performed, in which a price target of €2122.5 was attained as of December 31, 2024, corresponding to a HOLD recommendation. Lastly, a sensitivity analysis was performed concerning the model’s WACC and terminal growth rate assumptions.engMarketHermèsFranceLuxuryValuationProfitabilitymaster thesis203603850