NAS100 28,128 −1.15% S&P 7,412 +0.05% GOLD $4,056 +0.22% BTC $64,091 −1.47% VIX 18.58 −0.64% live tape · as of 22:40 UTC · 24 Jul
Vol. II · No. 207Sunday, 26 July 2026
TTitan Protect
The Screen · Consumer Cyclical · Luxury Goods

Hermes International

RMS.PA · EURONEXT PARIS · EUR · Market cap $177.8B · 25,414 employees

Hermès International Société en commandite par actions engages in the production, wholesale, and retail of various goods.

FAIL · Does not pass the screen
1,697.00 EUR

At the last full screen
2026-06-14

Screened 2026-06-14 · the tape above runs as of 22:40 UTC · 24 Jul · two dates, stated on purpose · verdict and workings shown in full · never trimmed

The Label · The Season, Not the Day

This name holds its markup label.

Hermes International holds its Markup at $1,697.00. The statistical read favours the buyers, held for 1 days.

As held on the ledger · 2026-06-14
PhaseMarkup
Quantitative stateThe statistical read favours the buyers, held for 1 days
Price at the screen$1,697.00
Valuation39.37 trailing · 32.88 forward price to earnings
Values screenFAIL · score 70.0
Beta0.99
The Workings

Five Screens, Shown in Full

Does not pass. Cash ratio 50.3%

TestFigureLimitWhat it meansStatus
Business activity Permissible Core business clean Its core business isn't built on prohibited lines: no gambling, alcohol, tobacco, weapons, or interest-based lending. Pass
Debt load 9.65% Below 33% Interest-bearing debt is just 9.7% of its assets, well under the one-third ceiling: it does not run on borrowed money. Pass
Interest-bearing cash 50.32% Below 33% Interest-bearing cash and securities are 50.3% of assets, above the one-third limit. Fail
Receivables 1.72% Below 49% Money owed to the company is 1.7% of assets, under the 49% limit. Pass
Revenue purity 1.69% Below 5% Only 1.7% of revenue comes from non-compliant sources, under the 5% line. Pass

Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.

What the Numbers Say It Is Worth

The Fair Value Range

Our framework reads AVOID: it trades above our $1,588.28 fair value estimate, 3.90% revenue growth.

1,350.00Conservative1,588.28Base case1,826.52Growth case 1,697.00Price

Fair value range in EUR, drawn from the 2026-06-14 screen. The gold marker is the market price at the same screen. The price runs 6.4% above the base estimate.

The Street's Range
1,500.00Street low 2,050.00Street average 2,400.00Street high 1,697.00Price

Third-party analyst targets: 22 covering, consensus Buy. The average target sits +21% from the screen price.

Reading the gap · Our more conservative model reads it as fully-to-richly valued here, while the Street is more bullish: a quality-at-a-fair-price name rather than a deep-value one.

Price History & Projections
$2,500$1,772$1,044TODAY5y agoPROJECTIONStreet high$2,400.00 +47%Street avg$2,050.00 +25%Our fair value$1,588.28 -3%Conservative$1,350.00 -17%

Where it has been, where the models see it going. History from market close data; projection points are our fair-value estimates and third-party analyst targets, dated to the 2026-06-14 screen.

Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.

The Business, in Plain Words

Why it gives us pause

At 32.9x forward earnings, the price already runs ahead of the business. It trades 6% above our $1,588.28 fair value, so you would be buying at a premium, not a discount.

The fundamentals · plain-English read
Forward P/E32.9xexpensive even after accounting for its growth
Trailing P/E39.4xexpensive: the price assumes strong growth ahead
EPS, trailing43.10
EPS, forward51.61
Revenue growth+3.9%slow but positive growth
Profit margin28.3%healthy profit margins
Return on equity25.2%an exceptional return on shareholder capital
FCF yield2.32%
Dividend yield106.00%
Debt to equity0.12minimal debt: a conservative balance sheet
Beta0.99steadier than the market
52-week range1,529.00 - 2,482.00
Market cap$177.8B
Employees25,414

The risks · The things to watch: its business and earnings are exposed to France and to currency swings.

Plain-English interpretation of our own screen data. Analysis, not advice.

Where & How to Trade

RMS.PA trades on EURONEXT PARIS (the company is based in France). As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.

The Dated Journal · Newest First, Never Edited

Every Entry, As Written

2026-07-18 Markup $1,697.00 +0.0% Entry 3

The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading bearish. Over the past year the shares are down 30%. Our forward projection puts the odds of a 10% gain over the next month near 12%. The street (22 analysts) rates it buy, with a mean price target of $2063.

2026-07-03 Markup $1,697.00 +0.0% Entry 2

The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows negative risk-adjusted returns.

2026-07-02 Markup $1,697.00 Entry 1

The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows negative risk-adjusted returns.

Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.

What Holding Actually Paid · Price Plus Dividends
If $1,000 had been placed · historical, not a promise
PeriodPrice thenPrice returnDivs per share$1,000 becameTotal return
1 month $1,606.50 +1.8% · $1,018 +1.8%
2 months $1,744.03 -6.2% $13.00 $945 -5.5%
3 months $1,905.78 -14.2% $13.00 $865 -13.5%
6 months $2,109.74 -22.5% $18.00 $784 -21.6%
1 year $2,323.59 -29.6% $18.00 $712 -28.8%
2 years $2,095.64 -22.0% $44.00 $801 -19.9%
3 years $1,856.64 -11.9% $69.00 $918 -8.2%
5 years $1,144.85 +42.9% $90.00 $1,507 +50.7%

Historical returns from market close data. Past performance does not guarantee future results.

The Ledger's Promise

This entry now belongs to the ledger. Whatever RMS.PA does next, these words stay.

Hermes International · RMS.PA · Markup · $1,697.00
Recorded 2026-06-14 · before the outcome · scored mechanically

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Screening is research, not a fatwa and not financial advice. Figures are drawn from public accounts at the screen date shown. Always manage your risk.

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