L'Oreal SA
OR: XPAR (FRA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|#B | LOCK|!<& | LOCK|@Kq%SY? |
L’Oréal Earnings: Premium Fragrances and Wider Distribution Drove 2024 Results Amid China Weakness
Wide-moat L'Oréal posted solid 2024 results, with sales and earnings per share up 6% and 5%, respectively. We give management credit for a sharp focus on premium fragrances and agile omnichannel strategies, and we remain constructive on the firm's long-term prospects, underpinned by strong brands and distribution expertise. We plan to maintain our EUR 410 fair value estimate, rendering shares attractive.
