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 2,33,384 - -
Change - -6.98% 7.53% -13.31% 0.56% -26.92% - -
Enterprise Value (EV) 1 3,75,859 3,68,547 3,97,039 3,48,731 3,46,923 2,57,160 2,53,723 2,50,204
Change - -1.95% 7.73% -12.17% -0.52% -25.87% -1.34% -1.39%
P/E 30.4x 24.3x 24.2x 25.3x 29.5x 21.1x 18.5x 16.8x
PBR 7.77x 6.19x 6.01x 4.7x 4.76x 3.28x 3.02x 2.8x
PEG - 1.4x 2.95x -1.5x -2.3x 7.41x 1.4x 1.6x
Capitalization / Revenue 5.7x 4.3x 4.25x 3.75x 3.95x 2.88x 2.74x 2.58x
EV / Revenue 5.85x 4.65x 4.61x 4.12x 4.29x 3.18x 2.97x 2.77x
EV / EBITDA 16.4x 13.5x 13.2x 12.7x 13.5x 10.6x 9.64x 8.86x
EV / EBIT 21.9x 17.5x 17.4x 17.8x 19.5x 14.6x 13.3x 12.1x
EV / FCF 27.8x 36.4x 49x 33.3x 30.6x 22.4x 19.4x 18.1x
FCF Yield 3.6% 2.74% 2.04% 3% 3.27% 4.46% 5.16% 5.52%
Dividend per Share 2 7 12 13 13 13 13.07 14.12 15.04
Rate of return 0.96% 1.76% 1.77% 2.05% 2.02% 2.76% 2.98% 3.18%
EPS 2 23.89 28.03 30.33 25.12 21.85 22.47 25.54 28.25
Distribution rate 29.3% 42.8% 42.9% 51.8% 59.5% 58.1% 55.3% 53.2%
Net sales 1 64,215 79,184 86,153 84,683 80,807 80,968 85,315 90,307
EBITDA 1 22,981 27,281 29,979 27,367 25,756 24,224 26,333 28,237
EBIT 1 17,151 21,055 22,802 19,571 17,755 17,644 19,144 20,638
Net income 1 12,036 14,084 15,174 12,550 10,878 11,222 12,671 14,008
Net Debt 1 9,607 27,847 30,671 31,143 27,567 23,776 20,339 16,820
Reference price 2 727.00 679.90 733.60 635.50 645.00 473.30 473.30 473.30
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
21.06x3.18x10.62x2.76% 27TCr
20.99x2.71x13.8x1% 2.3TCr
20.36x3.91x9.54x2.86% 1.53TCr
10.82x1.05x5.05x-.--% 1.36TCr
15.94x1.58x10.35x2.43% 944.81Cr
13.87x2.11x8.94x1.94% 969.69Cr
11.64x1.53x6.66x6.81% 728.97Cr
13.94x0.91x8.72x2.42% 588.13Cr
Average 16.08x 2.12x 9.21x 2.53% 4.41TCr
Weighted average by Cap. 19.98x 2.95x 10.40x 2.59%

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