Company Valuation: EssilorLuxottica

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 55,649 82,608 75,236 81,962 107,377 116,029 116,029 -
Change - 48.44% -8.92% 8.94% 31.01% 8.06% 0% -
Enterprise Value (EV) 1 58,624 92,306 82,299 87,821 118,347 125,072 124,119 122,751
Change - 57.45% -10.84% 6.71% 34.76% 5.68% -0.76% -1.1%
P/E ratio 671x 57.1x 35x 35.7x 45.9x 49.9x 40.5x 33.9x
PBR 1.72x 2.34x 2.01x 2.1x 2.68x 2.76x 2.68x 2.58x
PEG - 0x 0.7x 6.9x 46.63x -22.52x 1.7x 1.7x
Capitalization / Revenue 3.86x 4.17x 3.07x 3.23x 4.05x 4.13x 3.77x 3.44x
EV / Revenue 4.06x 4.66x 3.36x 3.46x 4.46x 4.46x 4.03x 3.64x
EV / EBITDA 16.7x 16.8x 11.6x 12.3x 15.8x 18x 16.2x 14.3x
EV / EBIT 42.7x 30.5x 20x 21x 26.8x 28x 24.9x 21.6x
EV / FCF 31.8x 33.1x 36.4x 26.4x 49.3x 35.5x 31.1x 27x
FCF Yield 3.14% 3.02% 2.75% 3.79% 2.03% 2.82% 3.22% 3.7%
Dividend per Share 2 1.15 2.51 3.23 3.95 3.95 3.832 4.256 4.84
Rate of return 0.9% 1.34% 1.91% 2.18% 1.68% 1.53% 1.7% 1.93%
EPS 2 0.19 3.28 4.83 5.08 5.13 5.016 6.188 7.393
Distribution rate 605% 76.5% 66.9% 77.8% 77% 76.4% 68.8% 65.5%
Net sales 1 14,429 19,820 24,494 25,395 26,508 28,062 30,768 33,745
EBITDA 1 3,510 5,488 7,085 7,150 7,512 6,941 7,665 8,558
EBIT 1 1,374 3,027 4,115 4,178 4,414 4,470 4,990 5,687
Net income 1 85 1,463 2,152 2,289 2,359 2,322 2,859 3,373
Net Debt 1 2,975 9,698 7,063 5,859 10,970 9,043 8,090 6,722
Reference price 2 127.55 187.24 169.20 181.60 235.60 250.50 250.50 250.50
Nbr of stocks (in thousands) 436,292 441,185 444,659 451,334 455,759 463,190 463,190 -
Announcement Date 12/03/21 11/03/22 23/02/23 14/02/24 12/02/25 - - -
1EUR in Million2EUR
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
50.79x4.53x18.31x1.5% 140B
38.04x3.98x15.59x0.42% 38.43B
26.94x4.13x13.24x0.01% 15.97B
180.17x9.19x47.72x - 8.87B
47.01x11.52x37.5x - 4.04B
28.03x7.1x15.8x1.25% 2.06B
41.16x - - - 1.18B
21.29x1.29x8.32x1.66% 798M
12.71x2.32x6.01x3.59% 701M
Average 49.57x 5.51x 20.31x 1.4% 23.61B
Weighted average by Cap. 51.51x 4.73x 18.93x 1.18%

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

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