4 Global Stocks Ready to Ride the Exquisite Growth in the Luxury Sector

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LVMH Moet Hennessy Louis Vuitton SE News

Kering SA,Coty Inc,LVMH Moet Hennessy Louis Vuitton SA ADR

Stocks Analysis by Investing.com (Ismael De La Cruz) covering: LVMH Moet Hennessy Louis Vuitton SE, Kering SA, Coty Inc, LVMH Moet Hennessy Louis Vuitton SA ADR. Read Investing.com (Ismael De La Cruz)'s latest article on Investing.com

The sector has an exciting outlook and expects revenues of 580 billion by 2027.Apart from the IPO, we will also take a look at 3 other investment opportunities in the market.

It debuted on the Spanish stock exchange last week at a price of €24.5, giving it a market capitalization of €13.92 billion, making it Europe's largest IPO in 2024. At its debut, only institutional investors could buy shares, but retail investors can now do so as well.Admittedly, the exit price was at the high end of the range, reflecting the company's positive outlook for its future. However, the exit price represents a 15% discount to the industry average in terms of enterprise value.

In 2023 it turned over €4,304 million, achieved an ebitda of €849 million and posted a net profit of €465 million .

 

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