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LVMH Moet Hennessy Louis Vuitton SE  (OTCPK:LVMUY) Owner Earnings per Share (TTM): 0 (As of Jun. 2017)

In 1986 Berkshire Hathaway Shareholder Letter, Warren Buffett defined owner earnings as follows:

"These represent (a) reported earnings plus (b) depreciation, depletion, amortization, and certain other non-cash charges...less (c) the average annual amount of capitalized expenditures for plant and equipment, etc. that the business requires to fully maintain its long-term competitive position and its unit volume (If the business requires additional working capital to maintain its competitive position and unit volume, the increment also should be included in (c))...Our owner-earnings equation does not yield the deceptively precise figures provided by GAAP, since (c) must be a guess - and one sometimes very difficult to make. Despite this problem, we consider the owner earnings figure, not the GAAP figure, to be the relevant item for valuation purposes - both for investors in buying stocks and for managers in buying entire businesses...All of this points up the absurdity of the 'cash flow' numbers that are often set forth in Wall Street reports. These numbers routinely include (a) plus (b) - but do not subtract (c)."

LVMH Moet Hennessy Louis Vuitton SE does not have enough data to calculate owner earnings per share (ttm), so as Price-to-Owner-Earnings ratio.


OTCPK:LVMUY' s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 9.09   Max: 24.08
Current: 26.04

9.09
24.08

During the past 13 years, the highest Price-to-Owner-Earnings ratio of LVMH Moet Hennessy Louis Vuitton SE was 24.08. The lowest was 9.09. And the median was 17.82.


OTCPK:LVMUY's Price-to-Owner-Earnings is ranked lower than
58% of the 442 Companies
in the Global industry.

( Industry Median: 21.11 vs. OTCPK:LVMUY: 26.04 )

LVMH Moet Hennessy Louis Vuitton SE's Earnings per Share (Diluted) for the six months ended in Jun. 2017 was $0.94. Its Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2017 was $1.89. It's PE Ratio ratio for today is 29.65.

LVMH Moet Hennessy Louis Vuitton SE's EPS without NRI for the six months ended in Jun. 2017 was $0.94. Its EPS without NRI for the trailing twelve months (TTM) ended in Jun. 2017 was $1.89. It's PE Ratio without NRI ratio for today is 29.65.


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

LVMH Moet Hennessy Louis Vuitton SE Annual Data

Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Owner Earnings per Share (TTM) Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.68 1.90 3.11 1.98 0.00

LVMH Moet Hennessy Louis Vuitton SE Semi-Annual Data

Dec06 Dec07 Dec08 Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17
Owner Earnings per Share (TTM) Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 1.98 0.00 0.00 0.00

Competitive Comparison
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap.


Calculation

In 1986 Berkshire Hathaway Shareholder Letter, Warren Buffett defined owner earnings as follows:

"These represent (a) reported earnings plus (b) depreciation, depletion, amortization, and certain other non-cash charges...less (c) the average annual amount of capitalized expenditures for plant and equipment, etc. that the business requires to fully maintain its long-term competitive position and its unit volume. (If the business requires additional working capital to maintain its competitive position and unit volume, the increment also should be included in (c))...Our owner-earnings equation does not yield the deceptively precise figures provided by GAAP, since (c) must be a guess - and one sometimes very difficult to make. Despite this problem, we consider the owner earnings figure, not the GAAP figure, to be the relevant item for valuation purposes - both for investors in buying stocks and for managers in buying entire businesses...All of this points up the absurdity of the 'cash flow' numbers that are often set forth in Wall Street reports. These numbers routinely include (a) plus (b) - but do not subtract (c)."

To make it simple, then you will have:

Owner Earning Per Share = (Net Income + Depreciation, Depletion and Amortization + Change In Deferred Tax - 5Y Average of Maintenance Capital Expenditure + Change In Working Capital) / Shares Outstanding (Diluted Average)

LVMH Moet Hennessy Louis Vuitton SE does not have enough data to calculate owner earnings per share (ttm). Please check Wal-Mart Stores Inc, as your reference.


Be Aware

Assumption: Companies usually do not report maintenance capital expenditures and growth capital expenditures separately. Here we use estimated numbers and average them over 5 years. The method to estimate maintenance capital expenditures can be found in above part 4.

Note: GuruFocus' Change In Working Capital is provided by Morningstar. It is calculated by adding the items under "Change in operating assets and liabilities" (may refer to a different name for different company) section in Cash Flow Statement from original financial report. And it includes non-current parts of assets and liabilities.


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