Projected Income Statement: LVMH

Forecast Balance Sheet: LVMH

Forecast Balance Sheet - LVMH
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 9,607 27,847 30,671 31,143 27,567 23,280 20,210 16,930
Change - 189.86% 10.14% 1.54% -11.48% -15.55% -13.19% -16.23%
Announcement Date 27/01/22 26/01/23 25/01/24 28/01/25 27/01/26 - - -
1EUR in Million
Estimates

Cash Flow Forecast: LVMH

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 2,664 4,969 7,478 5,531 4,567 4,729 4,723 4,916
Change - 86.52% 50.49% -26.04% -17.43% 3.54% -0.13% 4.1%
Free Cash Flow (FCF) 1 13,531 10,113 8,104 10,478 11,333 11,265 12,438 12,978
Change - -25.26% -19.87% 29.29% 8.16% -0.6% 10.41% 4.34%
Announcement Date 27/01/22 26/01/23 25/01/24 28/01/25 27/01/26 - - -
1EUR in Million
Estimates

Forecast Financial Ratios: LVMH

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 35.79% 34.45% 34.8% 32.32% 31.87% 29.79% 30.27% 30.6%
EBIT Margin (%) 26.71% 26.59% 26.47% 23.11% 21.97% 21.43% 21.77% 22.14%
EBT Margin (%) 26.8% 25.4% 25.1% 21.39% 20.66% 20.71% 20.98% 21.42%
Net margin (%) 18.74% 17.79% 17.61% 14.82% 13.46% 13.63% 14.17% 14.78%
FCF margin (%) 21.07% 12.77% 9.41% 12.37% 14.02% 13.99% 14.8% 14.7%
FCF / Net Income (%) 112.42% 71.8% 53.41% 83.49% 104.18% 102.67% 104.39% 99.46%

Profitability

        
ROA 10.29% 10.84% 10.9% 12.37% 7.47% 7.92% 8.41% 9%
ROE 28.48% 27.55% 26.13% 27.88% 16.12% 15.47% 15.81% 16.03%

Financial Health

        
Leverage (Debt/EBITDA) 0.42x 1.02x 1.02x 1.14x 1.07x 0.97x 0.79x 0.63x
Debt / Free cash flow 0.71x 2.75x 3.78x 2.97x 2.43x 2.07x 1.62x 1.3x

Capital Intensity

        
CAPEX / Current Assets (%) 4.15% 6.28% 8.68% 6.53% 5.65% 5.87% 5.62% 5.57%
CAPEX / EBITDA (%) 11.59% 18.21% 24.94% 20.21% 17.73% 19.72% 18.56% 18.2%
CAPEX / FCF (%) 19.69% 49.13% 92.28% 52.79% 40.3% 41.98% 37.97% 37.88%

Items per share

        
Cash flow per share 1 37.01 35.49 36.78 37.87 37.9 33.68 36.34 36.75
Change - -4.1% 3.63% 2.98% 0.08% -11.14% 7.9% 1.12%
Dividend per Share 1 7 12 13 13 13 12.9 13.58 14.36
Change - 71.43% 8.33% 0% 0% -0.78% 5.26% 5.76%
Book Value Per Share 1 93.56 109.8 122.2 135.1 135.5 143.6 154.8 166.2
Change - 17.31% 11.29% 10.62% 0.28% 6.01% 7.8% 7.31%
EPS 1 23.89 28.03 30.33 25.12 21.85 21.97 23.79 25.99
Change - 17.33% 8.21% -17.18% -13.02% 0.54% 8.28% 9.25%
Nbr of stocks (in thousands) 5,03,785 5,01,103 4,99,410 4,99,744 4,95,126 4,93,099 4,93,099 4,93,099
Announcement Date 27/01/22 26/01/23 25/01/24 28/01/25 27/01/26 - - -
1EUR
Estimates
2026 *2027 *
P/E 18.6x 17.2x
PBR 2.85x 2.64x
EV / Sales 2.79x 2.64x
Yield 3.16% 3.32%

EPS & Dividend

EPS & Dividend - LVMH


Y-o-Y evolution of P/E

Valuation ratios - P/E - LVMH
 

Year-on-year evolution of the Yield

Valuation ratios - Yield - LVMH
Trader
Investor
Global
Quality
ESG MSCI
A
MarketScreener Ratings - LVMH
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
27
Last Close Price
408.75EUR
Average target price
491.54EUR
Spread / Average Target
+20.25%

Quarterly revenue - Rate of surprise

Rate of surprise - Net sales - Quarterly - LVMH