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 2,20,785 - -
Change - -6.98% 7.53% -13.31% 0.56% -30.87% - -
Enterprise Value (EV) 1 3,75,859 3,68,547 3,97,039 3,48,731 3,46,923 2,44,561 2,41,124 2,37,605
Change - -1.95% 7.73% -12.17% -0.52% -29.51% -1.41% -1.46%
P/E 30.4x 24.3x 24.2x 25.3x 29.5x 19.8x 17.5x 15.8x
PBR 7.77x 6.19x 6.01x 4.7x 4.76x 3.09x 2.85x 2.64x
PEG - 1.4x 2.95x -1.5x -2.3x 6.15x 1.3x 1.5x
Capitalization / Revenue 5.7x 4.3x 4.25x 3.75x 3.95x 2.73x 2.59x 2.44x
EV / Revenue 5.85x 4.65x 4.61x 4.12x 4.29x 3.02x 2.83x 2.63x
EV / EBITDA 16.4x 13.5x 13.2x 12.7x 13.5x 10.1x 9.16x 8.42x
EV / EBIT 21.9x 17.5x 17.4x 17.8x 19.5x 13.9x 12.6x 11.5x
EV / FCF 27.8x 36.4x 49x 33.3x 30.6x 21.3x 18.4x 17.2x
FCF Yield 3.6% 2.74% 2.04% 3% 3.27% 4.69% 5.43% 5.81%
Dividend per Share 2 7 12 13 13 13 13.09 14.12 15.16
Rate of return 0.96% 1.76% 1.77% 2.05% 2.02% 2.94% 3.17% 3.4%
EPS 2 23.89 28.03 30.33 25.12 21.85 22.55 25.55 28.17
Distribution rate 29.3% 42.8% 42.9% 51.8% 59.5% 58.1% 55.3% 53.8%
Net sales 1 64,215 79,184 86,153 84,683 80,807 81,000 85,345 90,327
EBITDA 1 22,981 27,281 29,979 27,367 25,756 24,232 26,330 28,213
EBIT 1 17,151 21,055 22,802 19,571 17,755 17,650 19,148 20,664
Net income 1 12,036 14,084 15,174 12,550 10,878 11,256 12,679 13,970
Net Debt 1 9,607 27,847 30,671 31,143 27,567 23,776 20,339 16,820
Reference price 2 727.00 679.90 733.60 635.50 645.00 446.00 446.00 446.00
Nbr of stocks (in thousands) 5,03,785 5,01,103 4,99,410 4,99,744 4,95,126 4,93,099 - -
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
19.78x3.01x10.06x2.94% 25TCr
20.52x2.69x13.64x1.02% 2.26TCr
19.71x3.77x9.3x2.94% 1.48TCr
10.48x1.01x4.87x-.--% 1.31TCr
20.53x2.28x8.98x1.82% 1.04TCr
14.65x1.47x9.61x2.65% 868.61Cr
10.85x1.42x6.16x7.29% 680.67Cr
13.33x0.88x8.44x2.5% 569.26Cr
Average 16.23x 2.07x 8.88x 2.64% 4.21TCr
Weighted average by Cap. 19.06x 2.81x 9.91x 2.73%

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