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 2,38,764 - -
Change - -6.98% 7.53% -13.31% 0.56% -25.24% - -
Enterprise Value (EV) 1 3,75,859 3,68,547 3,97,039 3,48,731 3,46,923 2,62,367 2,58,966 2,54,498
Change - -1.95% 7.73% -12.17% -0.52% -24.37% -1.3% -1.73%
P/E 30.4x 24.3x 24.2x 25.3x 29.5x 21.9x 18.8x 17.1x
PBR 7.77x 6.19x 6.01x 4.7x 4.76x 3.34x 3.07x 2.84x
PEG - 1.4x 2.95x -1.5x -2.3x 47.55x 1.1x 1.7x
Capitalization / Revenue 5.7x 4.3x 4.25x 3.75x 3.95x 2.96x 2.81x 2.66x
EV / Revenue 5.85x 4.65x 4.61x 4.12x 4.29x 3.25x 3.05x 2.83x
EV / EBITDA 16.4x 13.5x 13.2x 12.7x 13.5x 10.8x 9.74x 9.02x
EV / EBIT 21.9x 17.5x 17.4x 17.8x 19.5x 15x 13.6x 12.4x
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% 4.41% 4.87% 5.52%
Dividend per Share 2 7 12 13 13 13 12.88 14.09 15.41
Rate of return 0.96% 1.76% 1.77% 2.05% 2.02% 2.68% 2.93% 3.2%
EPS 2 23.89 28.03 30.33 25.12 21.85 21.95 25.56 28.17
Distribution rate 29.3% 42.8% 42.9% 51.8% 59.5% 58.7% 55.1% 54.7%
Net sales 1 64,215 79,184 86,153 84,683 80,807 80,686 84,906 89,809
EBITDA 1 22,981 27,281 29,979 27,367 25,756 24,372 26,576 28,200
EBIT 1 17,151 21,055 22,802 19,571 17,755 17,514 19,091 20,605
Net income 1 12,036 14,084 15,174 12,550 10,878 10,912 12,689 14,040
Net Debt 1 9,607 27,847 30,671 31,143 27,567 23,603 20,202 15,734
Reference price 2 727.00 679.90 733.60 635.50 645.00 481.00 481.00 481.00
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
21.69x2.8x14.27x0.97% 2.37TCr
21.56x4.11x10.04x2.64% 1.59TCr
10.54x1.02x4.86x-.--% 1.32TCr
16.01x1.58x10.33x2.36% 942.26Cr
13.64x2.08x8.79x1.97% 953.39Cr
16.05x1x9.4x2.15% 659.35Cr
11.48x1.44x6.27x7.32% 634.11Cr
Average 15.85x 2.00x 9.14x 2.49% 1.21TCr
Weighted average by Cap. 17.18x 2.31x 9.97x 1.97%

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