Evidence receipt / belief
Published · transcript-backedBen Gilbert: belief
21 Feb 2023 Acquired LVMH
“All of its multiples are double the rest of the industry. I think LVMH's PE. It actually trades pretty close to a tech company, like big tech, at something like 4½ times sales and 24 times earnings.”
Source trail
Everything needed to verify it.
- Speaker
- Ben Gilbert
- Attribution
- Verified speaker
- Claim type
- belief
- Recorded
- 21 Feb 2023
- Publisher
- Acquired
- Episode
- LVMH
Transcript context
…He had control. The big thing he makes through all of this besides simplifying the structure is about $5 billion in profit, and they kicker because of the way this all happened with the stock swaps, it was all tax-free. Unbelievable. Dom De Sole had it right. Even when he loses, he wins. Hermes, though, incredible company. It's a $180 billion market cap company today. It's crazy. It trades at a crazy multiple, too. All of its multiples are double the rest of the industry. I think LVMH's PE. It actually trades pretty close to a tech company, like big tech, at something like 4½ times sales and 24 times earnings. Hermes trades at 48 times earnings and 13X sales. Its market cap is way higher than Kering, Richemont, or any of these other companies. All right. Let's bring this one home.…
Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.