Thoughts on LVMH

I would love your opinion on LVMH or Louis Vuitton Moët Hennessy.

I personally love the company.

Based on the FCF of 13,5B € in 2021 I ran my numbers:

Assuming a FCF growth of 15% it seems okay-ish valued.
I think they can keep up the momentum and 15% FCF growth over the next 5 years seems possible.

I personally find this company interesting because there will always be people that want luxury goods.
Also, I think, that the disparity between rich and poor gets bigger. Yet on the other side we see a growing middle class.
Both of those factors lead to more customers for LVMH.

I would love to hear your thoughts about this company and the stock.

(Also: Would you buy at the current valuation?)

Thank you and kind regards

Edit: I hold 1 stock (720€)