Financials Laurent-Perrier Börse Stuttgart

Equities

LPE

FR0006864484

Distillers & Wineries

Market Closed - Börse Stuttgart Other stock markets 07:24:32 14/06/2024 pm IST			5-day change	1st Jan Change
120.5 ^EUR	-1.63%		-3.60%	0.00%

13/06	Laurent-Perrier S.A. Reports Earnings Results for the Full Year Ended March 31, 2024	CI
27/05	Oddo BHF Raises Laurent-Perrier PT, Maintains at Neutral	MT

Valuation

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Capitalization ¹	444	469.9	567.4	702.8	713.2	719.1	-	-
Enterprise Value (EV) ¹	728	756.8	792.5	702.8	713.2	934.1	918.6	810.8
P/E ratio	18.8 x	18.7 x	11.3 x	12 x	11.2 x	11.9 x	10.8 x	10 x
Yield	1.37%	1.26%	1.25%	-	-	1.6%	1.68%	2.02%
Capitalization / Revenue	1.92 x	2.54 x	1.94 x	2.28 x	2.28 x	2.19 x	2.12 x	2.12 x
EV / Revenue	3.15 x	4.1 x	2.71 x	2.28 x	2.28 x	2.84 x	2.7 x	2.39 x
EV / EBITDA	14.8 x	15.8 x	9.39 x	7.71 x	-	9.09 x	8.22 x	6.93 x
EV / FCF	49.2 x	-	11.5 x	12.4 x	-	19.4 x	22.4 x	19.8 x
FCF Yield	2.03%	-	8.67%	8.06%	-	5.15%	4.46%	5.06%
Price to Book	1.02 x	1.04 x	1.14 x	1.29 x	-	1.14 x	1.04 x	0.98 x
Nbr of stocks (in thousands)	5,921	5,919	5,923	5,906	5,918	5,918	-	-
Reference price ²	75.00	79.40	95.80	119.0	120.5	121.5	121.5	121.5
Announcement Date	03/07/20	14/06/21	03/06/22	26/05/23	24/05/24	-	-	-

¹EUR in Million²EUR

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	231.3	184.7	292.8	307.8	312.5	328.5	339.9	339
EBITDA ¹	49.19	47.97	84.43	91.18	-	102.7	111.8	117
EBIT ¹	41.2	41.3	77	84.9	95.1	92.57	100.4	105
Operating Margin	17.81%	22.36%	26.3%	27.58%	30.43%	28.18%	29.55%	30.97%
Earnings before Tax (EBT) ¹	34.65	35.16	69.8	78.29	86.22	77.61	-	-
Net income ¹	23.71	25.2	50.2	58.49	63.6	62.35	66.5	72
Net margin	10.25%	13.64%	17.14%	19%	20.35%	18.98%	19.56%	21.24%
EPS ²	3.990	4.250	8.490	9.890	10.74	10.19	11.23	12.14
Free Cash Flow ¹	14.8	-	68.68	56.65	-	48.1	41	41
FCF margin	6.4%	-	23.46%	18.4%	-	14.64%	12.06%	12.09%
FCF Conversion (EBITDA)	30.09%	-	81.35%	62.13%	-	46.83%	36.69%	35.04%
FCF Conversion (Net income)	62.42%	-	136.81%	96.85%	-	77.15%	61.65%	56.94%
Dividend per Share ²	1.030	1.000	1.200	-	-	1.940	2.045	2.450
Announcement Date	03/07/20	14/06/21	03/06/22	26/05/23	24/05/24	-	-	-

¹EUR in Million²EUR

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March	2020 S1	2020 S2	2021 S1	2021 S2	2022 S1	2022 S2	2023 S1	2023 S2	2024 S1	2024 S2
Net sales ¹	99.16	132.1	-	113	128.5	164.3	159.4	-	158.4	154.1
EBITDA	23.48	-	-	-	-	-	-	-	-	-
EBIT ¹	19.84	21.36	-	26.74	35.6	41.4	53.1	-	57.4	37.7
Operating Margin	20.01%	16.16%	-	23.66%	27.7%	25.2%	33.31%	-	36.24%	24.46%
Earnings before Tax (EBT)	-	-	-	-	-	-	-	-	-	-
Net income ¹	10.97	-	7.58	-	23.3	26.9	36.9	21.6	38.6	25
Net margin	11.06%	-	-	-	18.13%	16.37%	23.15%	-	24.37%	16.22%
EPS	1.850	-	1.270	-	-	-	-	-	-	-
Dividend per Share	-	-	-	-	-	-	-	-	-	-
Announcement Date	03/12/19	03/07/20	03/12/20	14/06/21	29/11/21	03/06/22	25/11/22	26/05/23	24/11/23	24/05/24

¹EUR in Million

Estimates

Balance Sheet Analysis

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	284	287	225	-	-	215	200	91.7
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	5.774 x	5.981 x	2.666 x	-	-	2.094 x	1.785 x	0.7838 x
Free Cash Flow ¹	14.8	-	68.7	56.7	-	48.1	41	41
ROE (net income / shareholders' equity)	5.53%	5.68%	10.5%	11.2%	-	9.69%	9.85%	10.2%
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-	-	-
Book Value Per Share ²	73.50	76.30	84.30	92.10	-	107.0	116.0	124.0
Cash Flow per Share ²	5.470	1.340	12.70	11.00	-	11.30	12.40	-
Capex ¹	2.17	-	6.95	8.26	-	19.5	19.8	20.4
Capex / Sales	0.94%	-	2.37%	2.68%	-	5.92%	5.83%	6.02%
Announcement Date	03/07/20	14/06/21	03/06/22	26/05/23	24/05/24	-	-	-

¹EUR in Million²EUR

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Laurent-Perrier

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

121.5 EUR

Average target price

139.7 EUR

Spread / Average Target

+14.95%

Consensus

EPS Revisions

Estimates Revisions

Quarterly revenue - Rate of surprise

Company calendar

Sector Wineries

	1st Jan change	Capi.
TREASURY WINE ESTATES LIMITED	+11.87%	6.47B
YANTAI CHANGYU PIONEER WINE COMPANY LIMITED	-4.35%	1.75B
THE DUCKHORN PORTFOLIO, INC.	-21.83%	1.13B
VIÑA CONCHA Y TORO S.A.	+12.76%	932M
C&C GROUP PLC	+1.05%	754M
CITIC NIYA WINE CO., LTD.	-39.82%	733M
SULA VINEYARDS LIMITED	+2.94%	518M
WEILONG GRAPE WINE CO., LTD	-19.89%	402M
LANSON-BCC	+21.22%	353M

Wineries