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 2,29,184 - -
Change - -6.98% 7.53% -13.31% 0.56% -28.24% - -
Enterprise Value (EV) 1 3,75,859 3,68,547 3,97,039 3,48,731 3,46,923 2,52,775 2,49,388 2,44,937
Change - -1.95% 7.73% -12.17% -0.52% -27.14% -1.34% -1.78%
P/E 30.4x 24.3x 24.2x 25.3x 29.5x 21x 18.1x 16.4x
PBR 7.77x 6.19x 6.01x 4.7x 4.76x 3.21x 2.95x 2.73x
PEG - 1.4x 2.95x -1.5x -2.3x 45.39x 1.1x 1.6x
Capitalization / Revenue 5.7x 4.3x 4.25x 3.75x 3.95x 2.84x 2.7x 2.55x
EV / Revenue 5.85x 4.65x 4.61x 4.12x 4.29x 3.13x 2.93x 2.72x
EV / EBITDA 16.4x 13.5x 13.2x 12.7x 13.5x 10.5x 9.46x 8.69x
EV / EBIT 21.9x 17.5x 17.4x 17.8x 19.5x 14.5x 13.1x 11.9x
EV / FCF 27.8x 36.4x 49x 33.3x 30.6x 21.4x 19.3x 17x
FCF Yield 3.6% 2.74% 2.04% 3% 3.27% 4.67% 5.18% 5.89%
Dividend per Share 2 7 12 13 13 13 12.81 14.04 15.13
Rate of return 0.96% 1.76% 1.77% 2.05% 2.02% 2.78% 3.04% 3.28%
EPS 2 23.89 28.03 30.33 25.12 21.85 21.95 25.57 28.2
Distribution rate 29.3% 42.8% 42.9% 51.8% 59.5% 58.4% 54.9% 53.7%
Net sales 1 64,215 79,184 86,153 84,683 80,807 80,781 85,005 89,937
EBITDA 1 22,981 27,281 29,979 27,367 25,756 23,975 26,351 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 10,909 12,685 14,034
Net Debt 1 9,607 27,847 30,671 31,143 27,567 23,591 20,204 15,753
Reference price 2 727.00 679.90 733.60 635.50 645.00 461.70 461.70 461.70
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.($)
20.32x2.63x13.37x1.03% 2.22TCr
19.99x3.83x9.35x2.91% 1.48TCr
10.35x1x4.79x-.--% 1.3TCr
15.93x1.58x10.35x2.43% 944.42Cr
13.26x2.04x8.63x2.03% 926.77Cr
12.74x1.61x7.03x6.59% 703.87Cr
16.61x1.01x9.4x2.12% 668.17Cr
Average 15.60x 1.96x 8.99x 2.45% 1.18TCr
Weighted average by Cap. 16.45x 2.18x 9.56x 2.04%

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