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 2,44,696 - -
Change - -6.98% 7.53% -13.31% 0.56% -23.38% - -
Enterprise Value (EV) 1 3,75,859 3,68,547 3,97,039 3,48,731 3,46,923 2,68,287 2,64,900 2,60,449
Change - -1.95% 7.73% -12.17% -0.52% -22.67% -1.26% -1.68%
P/E 30.4x 24.3x 24.2x 25.3x 29.5x 22.5x 19.3x 17.5x
PBR 7.77x 6.19x 6.01x 4.7x 4.76x 3.42x 3.14x 2.92x
PEG - 1.4x 2.95x -1.5x -2.3x 52.54x 1.2x 1.7x
Capitalization / Revenue 5.7x 4.3x 4.25x 3.75x 3.95x 3.03x 2.88x 2.73x
EV / Revenue 5.85x 4.65x 4.61x 4.12x 4.29x 3.33x 3.12x 2.9x
EV / EBITDA 16.4x 13.5x 13.2x 12.7x 13.5x 11.2x 10.1x 9.24x
EV / EBIT 21.9x 17.5x 17.4x 17.8x 19.5x 15.4x 13.9x 12.7x
EV / FCF 27.8x 36.4x 49x 33.3x 30.6x 22.7x 20.5x 18.1x
FCF Yield 3.6% 2.74% 2.04% 3% 3.27% 4.4% 4.87% 5.54%
Dividend per Share 2 7 12 13 13 13 12.88 14.09 15.13
Rate of return 0.96% 1.76% 1.77% 2.05% 2.02% 2.61% 2.86% 3.07%
EPS 2 23.89 28.03 30.33 25.12 21.85 21.94 25.55 28.15
Distribution rate 29.3% 42.8% 42.9% 51.8% 59.5% 58.7% 55.2% 53.7%
Net sales 1 64,215 79,184 86,153 84,683 80,807 80,666 84,879 89,776
EBITDA 1 22,981 27,281 29,979 27,367 25,756 23,975 26,350 28,200
EBIT 1 17,151 21,055 22,802 19,571 17,755 17,477 19,052 20,559
Net income 1 12,036 14,084 15,174 12,550 10,878 10,908 12,684 14,034
Net Debt 1 9,607 27,847 30,671 31,143 27,567 23,591 20,204 15,753
Reference price 2 727.00 679.90 733.60 635.50 645.00 492.95 492.95 492.95
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, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
22.46x3.33x11.19x2.61% 28TCr
21.12x2.73x13.9x0.99% 2.31TCr
20.8x3.96x9.67x2.74% 1.54TCr
10.55x1.02x4.9x-.--% 1.32TCr
13.5x2.07x8.73x1.99% 943.73Cr
15.48x1.54x10.09x2.51% 917.48Cr
15.77x0.98x9.28x2.19% 647.6Cr
58.53x8.67x39.59x1.18% 474.6Cr
Average 22.28x 3.04x 13.42x 1.78% 4.52TCr
Weighted average by Cap. 21.81x 3.18x 11.31x 2.37%

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