Company Valuation: EssilorLuxottica

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 82,608 75,236 81,962 1,07,377 1,24,976 79,165 - -
Change - -8.92% 8.94% 31.01% 16.39% -36.66% - -
Enterprise Value (EV) 1 92,306 82,299 87,821 1,18,347 1,35,826 88,962 88,023 86,862
Change - -10.84% 6.71% 34.76% 14.77% -34.5% -1.06% -1.32%
P/E 57.1x 35x 35.7x 45.9x 54.2x 30.1x 26.1x 22.7x
PBR 2.34x 2.01x 2.1x 2.68x 3.22x 1.99x 1.92x 1.84x
PEG - 0.7x 6.9x 46.63x -18.54x 2x 1.7x 1.5x
Capitalization / Revenue 4.17x 3.07x 3.23x 4.05x 4.39x 2.59x 2.36x 2.17x
EV / Revenue 4.66x 3.36x 3.46x 4.46x 4.77x 2.92x 2.63x 2.38x
EV / EBITDA 16.8x 11.6x 12.3x 15.8x 20.9x 12.3x 11x 10x
EV / EBIT 30.5x 20x 21x 26.8x 30.5x 18.7x 16.6x 14.7x
EV / FCF 33.1x 36.4x 26.4x 49.3x 48.6x 23.4x 21.1x 18.9x
FCF Yield 3.02% 2.75% 3.79% 2.03% 2.06% 4.28% 4.73% 5.28%
Dividend per Share 2 2.51 3.23 3.95 3.95 4 4.102 4.537 5.02
Rate of return 1.34% 1.91% 2.18% 1.68% 1.48% 2.38% 2.63% 2.91%
EPS 2 3.28 4.83 5.08 5.13 4.98 5.728 6.589 7.602
Distribution rate 76.5% 66.9% 77.8% 77% 80.3% 71.6% 68.9% 66%
Net sales 1 19,820 24,494 25,395 26,508 28,491 30,511 33,502 36,500
EBITDA 1 5,488 7,085 7,150 7,512 6,492 7,243 7,972 8,684
EBIT 1 3,027 4,115 4,178 4,414 4,459 4,750 5,315 5,925
Net income 1 1,463 2,152 2,289 2,359 2,315 2,677 3,056 3,504
Net Debt 1 9,698 7,063 5,859 10,970 10,850 9,798 8,858 7,697
Reference price 2 187.24 169.20 181.60 235.60 269.90 172.20 172.20 172.20
Nbr of stocks (in thousands) 4,41,185 4,44,659 4,51,334 4,55,759 4,63,045 4,59,725 - -
Announcement Date 11/03/22 23/02/23 14/02/24 12/02/25 11/02/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
30.06x2.92x12.28x2.38% 9.06TCr
31.7x3.23x12.23x0.52% 3.34TCr
36.41x3.85x12.35x-.--% 1.45TCr
201.75x10.23x52.4x - 973.32Cr
22.4x5.5x15.59x1.27% 223.58Cr
12.52x4.01x8.26x2.22% 146.14Cr
14.51x3.02x7.77x2.78% 90Cr
25.83x5.28x16.2x2.02% 86Cr
19.04x1.29x7.67x1.68% 78Cr
-8.28x - - - 64Cr
Average 38.59x 4.37x 16.08x 1.61% 1.55TCr
Weighted average by Cap. 41.18x 3.59x 14.79x 1.69%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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