Company Valuation: EssilorLuxottica

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 82,608 75,236 81,962 1,07,377 1,24,976 79,697 - -
Change - -8.92% 8.94% 31.01% 16.39% -36.23% - -
Enterprise Value (EV) 1 92,306 82,299 87,821 1,18,347 1,35,826 89,633 88,793 87,721
Change - -10.84% 6.71% 34.76% 14.77% -34.01% -0.94% -1.21%
P/E ratio 57.1x 35x 35.7x 45.9x 54.2x 30.2x 25.6x 22.3x
PBR 2.34x 2.01x 2.1x 2.68x 3.22x 1.98x 1.91x 1.85x
PEG - 0.7x 6.9x 46.63x -18.54x 2x 1.4x 1.5x
Capitalization / Revenue 4.17x 3.07x 3.23x 4.05x 4.39x 2.56x 2.31x 2.13x
EV / Revenue 4.66x 3.36x 3.46x 4.46x 4.77x 2.88x 2.57x 2.35x
EV / EBITDA 16.8x 11.6x 12.3x 15.8x 20.9x 12.2x 10.8x 9.89x
EV / EBIT 30.5x 20x 21x 26.8x 30.5x 18.5x 16.2x 14.5x
EV / FCF 33.1x 36.4x 26.4x 49.3x 48.6x 23.5x 21x 18.8x
FCF Yield 3.02% 2.75% 3.79% 2.03% 2.06% 4.26% 4.75% 5.33%
Dividend per Share 2 2.51 3.23 3.95 3.95 4 4.203 4.708 4.743
Rate of return 1.34% 1.91% 2.18% 1.68% 1.48% 2.43% 2.72% 2.74%
EPS 2 3.28 4.83 5.08 5.13 4.98 5.743 6.77 7.786
Distribution rate 76.5% 66.9% 77.8% 77% 80.3% 73.2% 69.5% 60.9%
Net sales 1 19,820 24,494 25,395 26,508 28,491 31,087 34,506 37,408
EBITDA 1 5,488 7,085 7,150 7,512 6,492 7,347 8,216 8,869
EBIT 1 3,027 4,115 4,178 4,414 4,459 4,837 5,497 6,070
Net income 1 1,463 2,152 2,289 2,359 2,315 2,678 3,131 3,611
Net Debt 1 9,698 7,063 5,859 10,970 10,850 9,935 9,096 8,024
Reference price 2 187.24 169.20 181.60 235.60 269.90 173.25 173.25 173.25
Nbr of stocks (in thousands) 4,41,185 4,44,659 4,51,334 4,55,759 4,63,045 4,60,014 - -
Announcement Date 11/03/22 23/02/23 14/02/24 12/02/25 11/02/26 - - -
1EUR in Million2EUR
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
30.17x2.88x12.2x2.43% 9.26TCr
29.71x3.04x11.57x0.54% 3.13TCr
18.46x3.14x10.01x-.--% 1.16TCr
177.62x8.95x45.83x - 849.28Cr
27.54x6.89x19.54x1.03% 275.54Cr
17.62x5.25x14.2x1.49% 174.84Cr
33.66x7.13x21.89x1.55% 111.32Cr
-9.95x - - - 78Cr
17.88x1.2x7.62x1.84% 73Cr
12.45x2.38x6.3x3.45% 73Cr
Average 35.52x 4.54x 16.57x 1.54% 1.52TCr
Weighted average by Cap. 36.91x 3.40x 13.97x 1.77%

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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