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 74,707 - -
Change - -8.92% 8.94% 31.01% 16.39% -40.22% - -
Enterprise Value (EV) 1 92,306 82,299 87,821 1,18,347 1,35,826 84,344 83,382 82,184
Change - -10.84% 6.71% 34.76% 14.77% -37.9% -1.14% -1.44%
P/E 57.1x 35x 35.7x 45.9x 54.2x 28.6x 25.3x 22x
PBR 2.34x 2.01x 2.1x 2.68x 3.22x 1.86x 1.8x 1.74x
PEG - 0.7x 6.9x 46.63x -18.54x 2x 1.9x 1.5x
Capitalization / Revenue 4.17x 3.07x 3.23x 4.05x 4.39x 2.46x 2.26x 2.08x
EV / Revenue 4.66x 3.36x 3.46x 4.46x 4.77x 2.78x 2.52x 2.29x
EV / EBITDA 16.8x 11.6x 12.3x 15.8x 20.9x 11.2x 10.3x 9.36x
EV / EBIT 30.5x 20x 21x 26.8x 30.5x 17.4x 15.6x 13.9x
EV / FCF 33.1x 36.4x 26.4x 49.3x 48.6x 21.2x 19.8x 17.8x
FCF Yield 3.02% 2.75% 3.79% 2.03% 2.06% 4.71% 5.04% 5.61%
Dividend per Share 2 2.51 3.23 3.95 3.95 4 4.102 4.528 4.994
Rate of return 1.34% 1.91% 2.18% 1.68% 1.48% 2.52% 2.79% 3.07%
EPS 2 3.28 4.83 5.08 5.13 4.98 5.684 6.434 7.392
Distribution rate 76.5% 66.9% 77.8% 77% 80.3% 72.2% 70.4% 67.6%
Net sales 1 19,820 24,494 25,395 26,508 28,491 30,332 33,099 35,876
EBITDA 1 5,488 7,085 7,150 7,512 6,492 7,502 8,068 8,777
EBIT 1 3,027 4,115 4,178 4,414 4,459 4,841 5,329 5,914
Net income 1 1,463 2,152 2,289 2,359 2,315 2,731 3,076 3,542
Net Debt 1 9,698 7,063 5,859 10,970 10,850 9,638 8,675 7,477
Reference price 2 187.24 169.20 181.60 235.60 269.90 162.55 162.55 162.55
Nbr of stocks (in thousands) 4,41,185 4,44,659 4,51,334 4,55,759 4,63,045 4,59,592 - -
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
28.6x2.78x11.24x2.52% 8.65TCr
43.06x3.48x13.02x0.51% 3.61TCr
37.39x3.95x12.66x-.--% 1.49TCr
119.09x9.03x43.54x-.--% 1.11TCr
23.69x6.01x17.02x1.16% 236.02Cr
16.13x4.24x9.65x1.65% 153.05Cr
21.08x1.43x8.36x1.47% 92Cr
14.01x2.87x7.39x3.05% 89Cr
26.07x5.33x16.37x2% 87Cr
-10.37x - - - 88Cr
Average 31.87x 4.35x 15.47x 1.37% 1.56TCr
Weighted average by Cap. 38.68x 3.57x 14.17x 1.6%

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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