Company Valuation: LVMH

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 3,66,252 3,40,700 3,66,368 3,17,588 3,19,356 2,45,763 - -
Change - -6.98% 7.53% -13.31% 0.56% -23.04% - -
Enterprise Value (EV) 1 3,75,859 3,68,547 3,97,039 3,48,731 3,46,923 2,69,354 2,65,967 2,61,517
Change - -1.95% 7.73% -12.17% -0.52% -22.36% -1.26% -1.67%
P/E 30.4x 24.3x 24.2x 25.3x 29.5x 22.6x 19.4x 17.6x
PBR 7.77x 6.19x 6.01x 4.7x 4.76x 3.44x 3.16x 2.93x
PEG - 1.4x 2.95x -1.5x -2.3x 66.07x 1.2x 1.7x
Capitalization / Revenue 5.7x 4.3x 4.25x 3.75x 3.95x 3.05x 2.9x 2.74x
EV / Revenue 5.85x 4.65x 4.61x 4.12x 4.29x 3.34x 3.13x 2.91x
EV / EBITDA 16.4x 13.5x 13.2x 12.7x 13.5x 11.2x 10.1x 9.27x
EV / EBIT 21.9x 17.5x 17.4x 17.8x 19.5x 15.4x 14x 12.7x
EV / FCF 27.8x 36.4x 49x 33.3x 30.6x 22.8x 20.6x 18.1x
FCF Yield 3.6% 2.74% 2.04% 3% 3.27% 4.39% 4.85% 5.51%
Dividend per Share 2 7 12 13 13 13 12.81 14.04 15.13
Rate of return 0.96% 1.76% 1.77% 2.05% 2.02% 2.59% 2.84% 3.06%
EPS 2 23.89 28.03 30.33 25.12 21.85 21.92 25.55 28.15
Distribution rate 29.3% 42.8% 42.9% 51.8% 59.5% 58.4% 54.9% 53.7%
Net sales 1 64,215 79,184 86,153 84,683 80,807 80,667 84,880 89,776
EBITDA 1 22,981 27,281 29,979 27,367 25,756 23,975 26,351 28,200
EBIT 1 17,151 21,055 22,802 19,571 17,755 17,477 19,052 20,559
Net income 1 12,036 14,084 15,174 12,550 10,878 10,909 12,685 14,034
Net Debt 1 9,607 27,847 30,671 31,143 27,567 23,591 20,204 15,753
Reference price 2 727.00 679.90 733.60 635.50 645.00 495.10 495.10 495.10
Nbr of stocks (in thousands) 5,03,785 5,01,103 4,99,410 4,99,744 4,95,126 4,96,391 - -
Announcement Date 27/01/22 26/01/23 25/01/24 28/01/25 27/01/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
20.73x2.68x13.65x1.01% 2.26TCr
21.23x4.04x9.88x2.68% 1.57TCr
10.53x1.02x4.89x-.--% 1.32TCr
14.32x2.16x9.12x1.88% 1TCr
15.81x1.57x10.28x2.45% 937.5Cr
12.79x1.62x7.06x6.57% 707.02Cr
16.31x1x9.49x2.13% 666.21Cr
Average 15.96x 2.01x 9.20x 2.39% 1.21TCr
Weighted average by Cap. 16.92x 2.27x 9.80x 1.98%

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