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 1,90,829 - -
Change - -6.98% 7.53% -13.31% 0.56% -40.25% - -
Enterprise Value (EV) 1 3,75,859 3,68,547 3,97,039 3,48,731 3,46,923 2,14,060 2,10,841 2,07,439
Change - -1.95% 7.73% -12.17% -0.52% -38.3% -1.5% -1.61%
P/E 30.4x 24.3x 24.2x 25.3x 29.5x 17.6x 16.2x 14.8x
PBR 7.77x 6.19x 6.01x 4.7x 4.76x 2.69x 2.5x 2.33x
PEG - 1.4x 2.95x -1.5x -2.3x 22x 1.85x 1.58x
Capitalization / Revenue 5.7x 4.3x 4.25x 3.75x 3.95x 2.37x 2.27x 2.16x
EV / Revenue 5.85x 4.65x 4.61x 4.12x 4.29x 2.66x 2.5x 2.35x
EV / EBITDA 16.4x 13.5x 13.2x 12.7x 13.5x 8.91x 8.26x 7.65x
EV / EBIT 21.9x 17.5x 17.4x 17.8x 19.5x 12.4x 11.5x 10.6x
EV / FCF 27.8x 36.4x 49x 33.3x 30.6x 19x 16.8x 15.8x
FCF Yield 3.6% 2.74% 2.04% 3% 3.27% 5.27% 5.95% 6.32%
Dividend per Share 2 7 12 13 13 13 12.93 13.65 14.45
Rate of return 0.96% 1.76% 1.77% 2.05% 2.02% 3.34% 3.53% 3.73%
EPS 2 23.89 28.03 30.33 25.12 21.85 22.02 23.96 26.2
Distribution rate 29.3% 42.8% 42.9% 51.8% 59.5% 58.7% 57% 55.1%
Net sales 1 64,215 79,184 86,153 84,683 80,807 80,466 84,175 88,421
EBITDA 1 22,981 27,281 29,979 27,367 25,756 24,017 25,517 27,104
EBIT 1 17,151 21,055 22,802 19,571 17,755 17,240 18,381 19,643
Net income 1 12,036 14,084 15,174 12,550 10,878 11,000 12,001 13,162
Net Debt 1 9,607 27,847 30,671 31,143 27,567 23,231 20,011 16,610
Reference price 2 727.00 679.90 733.60 635.50 645.00 387.00 387.00 387.00
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.($)
17.43x2.64x8.85x3.37% 21TCr
29.16x7.17x15.92x1.46% 15TCr
23.84x3.79x13.32x2.43% 12TCr
61.3x4.44x40.64x0.42% 4.14TCr
11.21x1.65x5.64x4.13% 2.55TCr
21.57x2.85x14.5x0.97% 2.39TCr
10x1.16x7.45x7.33% 1.35TCr
18.04x3.42x8.54x3.24% 1.28TCr
14.6x2.31x6.91x3.5% 1.24TCr
Average 23.02x 3.27x 13.53x 2.98% 6.73TCr
Weighted average by Cap. 24.23x 4.04x 13.62x 2.54%

Y-o-Y evolution of P/E

Valuation ratios - P/E - LVMH

Historical PBR trend

Valuation ratios - PBR - LVMH

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - LVMH

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - LVMH


Year-on-year evolution of the Yield

Valuation ratios - Yield - LVMH