Company Valuation: LVMH

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 366,252 340,700 366,368 317,588 319,356 237,403 - -
Change - -6.98% 7.53% -13.31% 0.56% -25.66% - -
Enterprise Value (EV) 1 375,859 368,547 397,039 348,731 346,923 261,179 257,742 254,223
Change - -1.95% 7.73% -12.17% -0.52% -24.72% -1.32% -1.37%
P/E 30.4x 24.3x 24.2x 25.3x 29.5x 21.4x 18.8x 17x
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 6.98x 1.4x 1.6x
Capitalization / Revenue 5.7x 4.3x 4.25x 3.75x 3.95x 2.93x 2.78x 2.63x
EV / Revenue 5.85x 4.65x 4.61x 4.12x 4.29x 3.23x 3.02x 2.81x
EV / EBITDA 16.4x 13.5x 13.2x 12.7x 13.5x 10.8x 9.79x 8.99x
EV / EBIT 21.9x 17.5x 17.4x 17.8x 19.5x 14.8x 13.5x 12.3x
EV / FCF 27.8x 36.4x 49x 33.3x 30.6x 22.8x 19.7x 18.4x
FCF Yield 3.6% 2.74% 2.04% 3% 3.27% 4.39% 5.08% 5.43%
Dividend per Share 2 7 12 13 13 13 13.07 14.12 15.17
Rate of return 0.96% 1.76% 1.77% 2.05% 2.02% 2.71% 2.93% 3.15%
EPS 2 23.89 28.03 30.33 25.12 21.85 22.52 25.58 28.27
Distribution rate 29.3% 42.8% 42.9% 51.8% 59.5% 58% 55.2% 53.7%
Net sales 1 64,215 79,184 86,153 84,683 80,807 80,968 85,315 90,325
EBITDA 1 22,981 27,281 29,979 27,367 25,756 24,224 26,333 28,271
EBIT 1 17,151 21,055 22,802 19,571 17,755 17,644 19,144 20,665
Net income 1 12,036 14,084 15,174 12,550 10,878 11,241 12,692 14,021
Net Debt 1 9,607 27,847 30,671 31,143 27,567 23,776 20,339 16,820
Reference price 2 727.00 679.90 733.60 635.50 645.00 481.45 481.45 481.45
Nbr of stocks (in thousands) 503,785 501,103 499,410 499,744 495,126 493,099 - -
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.($)
21.38x3.23x10.78x2.71% 274B
21.44x2.79x14.2x0.97% 23.56B
21.32x4.1x10x2.73% 16.01B
11.3x1.11x5.31x-.--% 14.16B
21.75x2.35x9.22x1.74% 10.77B
15.78x1.57x10.26x2.46% 9.35B
11.44x1.51x6.54x6.92% 7.18B
13.58x0.89x8.55x2.46% 5.8B
Average 17.25x 2.19x 9.36x 2.5% 45.05B
Weighted average by Cap. 20.53x 3.01x 10.57x 2.54%

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