jwesth @jwesth: "𝙀𝙖𝙧𝙣𝙞𝙣𝙜 𝙧𝙚𝙥𝙤𝙧𝙩 𝙛𝙧𝙤𝙢 𝙟𝙚𝙬𝙚𝙡𝙡𝙚𝙧𝙮 𝙜𝙞𝙖𝙣𝙩..."

United Kingdom

𝙀𝙖𝙧𝙣𝙞𝙣𝙜 𝙧𝙚𝙥𝙤𝙧𝙩 𝙛𝙧𝙤𝙢 𝙟𝙚𝙬𝙚𝙡𝙡𝙚𝙧𝙮 𝙜𝙞𝙖𝙣𝙩 𝙋𝙖𝙣𝙙𝙤𝙧𝙖 𝙩𝙤𝙢𝙤𝙧𝙧𝙤𝙬 𝙢𝙤𝙧𝙣𝙞𝙣𝙜. 𝘾𝙖𝙣 𝙩𝙝𝙚𝙞𝙧 𝙨𝙩𝙧𝙤𝙣𝙜 𝙢𝙤𝙢𝙚𝙣𝙩𝙪𝙢 𝙘𝙤𝙣𝙩𝙞𝙣𝙪𝙚? 💍 Last year was unique for $PNDORA.CO (Pandora A/S) with the share price delivering as much as 90%. But it was also a year where the sun, star and moon were aligned, with share price increases driven by: i) Three upward revisions during the year and strong revenue growth. ii) A 'recalibration' of the unusually low valuation at the beginning of the year to a 'normalisation' at the end of the year. 📈 Year-to-date, they have continued to perform well, with the share price up 11%, helped by another solid first-quarter report where the jewellery manufacturer exceeded even the most optimistic expectations and delivered the first upward revision this year, with management now seeing revenue growth of 8-10%. 💡 But can it continue? We'll find out tomorrow morning when we get the second quarter results. With Pandora's strong momentum, I wouldn't be surprised if they overdeliver once again. But, even if they keep delivering and upgrading, with the now 'normalised' valuation with a forward Price/Earnings of 16x, it's hard to imagine the share taking the same journey this year as in 2023. $CFR.ZU (Compagnie Financiere Richemont SA) $MC (Moelis & Company) $MC.PA (LVMH Moet Hennessy Louis Vuitton SA) $CDI.PA (Christian Dior) $KER.PA (Kering SA) $RMS.PA (Hermes International) $MONC.MI (Moncler)

8 Mentioned Show all