Company Valuation: LVMH

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 3,66,252 3,40,700 3,66,368 3,17,588 3,19,356 2,39,906 - -
Change - -6.98% 7.53% -13.31% 0.56% -24.88% - -
Enterprise Value (EV) 1 3,75,859 3,68,547 3,97,039 3,48,731 3,46,923 2,63,669 2,59,514 2,55,024
Change - -1.95% 7.73% -12.17% -0.52% -24% -1.58% -1.73%
P/E ratio 30.4x 24.3x 24.2x 25.3x 29.5x 21.2x 18.6x 16.4x
PBR 7.77x 6.19x 6.01x 4.7x 4.76x 3.31x 3.06x 2.83x
PEG - 1.4x 2.95x -1.5x -2.3x 4.99x 1.3x 1.3x
Capitalization / Revenue 5.7x 4.3x 4.25x 3.75x 3.95x 2.94x 2.78x 2.61x
EV / Revenue 5.85x 4.65x 4.61x 4.12x 4.29x 3.23x 3.01x 2.77x
EV / EBITDA 16.4x 13.5x 13.2x 12.7x 13.5x 10.5x 9.45x 8.72x
EV / EBIT 21.9x 17.5x 17.4x 17.8x 19.5x 14.7x 13.3x 11.9x
EV / FCF 27.8x 36.4x 49x 33.3x 30.6x 21.8x 19.7x 17.8x
FCF Yield 3.6% 2.74% 2.04% 3% 3.27% 4.59% 5.08% 5.6%
Dividend per Share 2 7 12 13 13 13 13.01 14.3 15.77
Rate of return 0.96% 1.76% 1.77% 2.05% 2.02% 2.69% 2.96% 3.26%
EPS 2 23.89 28.03 30.33 25.12 21.85 22.78 26.05 29.43
Distribution rate 29.3% 42.8% 42.9% 51.8% 59.5% 57.1% 54.9% 53.6%
Net sales 1 64,215 79,184 86,153 84,683 80,807 81,637 86,248 91,985
EBITDA 1 22,981 27,281 29,979 27,367 25,756 25,194 27,474 29,260
EBIT 1 17,151 21,055 22,802 19,571 17,755 17,929 19,574 21,485
Net income 1 12,036 14,084 15,174 12,550 10,878 11,384 13,043 14,407
Net Debt 1 9,607 27,847 30,671 31,143 27,567 23,763 19,608 15,118
Reference price 2 727.00 679.90 733.60 635.50 645.00 483.30 483.30 483.30
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 ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
21.22x3.23x10.47x2.69% 28TCr
24.97x2.94x15.63x0.92% 2.3TCr
13.3x1.48x6.63x-.--% 1.89TCr
23x4.34x10.75x2.44% 1.73TCr
13.39x2.27x9.57x1.75% 1.07TCr
14.85x1.48x9.71x2.54% 874.96Cr
19.53x1.34x7.69x2.54% 756.35Cr
21.85x1.13x11.64x1.98% 713.27Cr
11.48x1.44x6.29x7.22% 638.13Cr
Average 18.18x 2.18x 9.82x 2.45% 4.24TCr
Weighted average by Cap. 20.58x 3.00x 10.45x 2.47%

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