Company Valuation: LVMH

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 366,252 340,700 366,368 317,588 319,356 188,857 - -
Change - -6.98% 7.53% -13.31% 0.56% -40.86% - -
Enterprise Value (EV) 1 375,859 368,547 397,039 348,731 346,923 212,088 208,868 205,467
Change - -1.95% 7.73% -12.17% -0.52% -38.87% -1.52% -1.63%
P/E 30.4x 24.3x 24.2x 25.3x 29.5x 17.4x 16x 14.6x
PBR 7.77x 6.19x 6.01x 4.7x 4.76x 2.67x 2.47x 2.3x
PEG - 1.4x 2.95x -1.5x -2.3x 21.75x 1.82x 1.56x
Capitalization / Revenue 5.7x 4.3x 4.25x 3.75x 3.95x 2.35x 2.24x 2.14x
EV / Revenue 5.85x 4.65x 4.61x 4.12x 4.29x 2.64x 2.48x 2.32x
EV / EBITDA 16.4x 13.5x 13.2x 12.7x 13.5x 8.8x 8.19x 7.58x
EV / EBIT 21.9x 17.5x 17.4x 17.8x 19.5x 12.2x 11.4x 10.5x
EV / FCF 27.8x 36.4x 49x 33.3x 30.6x 18.8x 16.6x 15.7x
FCF Yield 3.6% 2.74% 2.04% 3% 3.27% 5.32% 6.01% 6.38%
Dividend per Share 2 7 12 13 13 13 12.93 13.65 14.45
Rate of return 0.96% 1.76% 1.77% 2.05% 2.02% 3.37% 3.57% 3.77%
EPS 2 23.89 28.03 30.33 25.12 21.85 22.02 23.96 26.2
Distribution rate 29.3% 42.8% 42.9% 51.8% 59.5% 58.7% 57% 55.1%
Net sales 1 64,215 79,184 86,153 84,683 80,807 80,466 84,175 88,421
EBITDA 1 22,981 27,281 29,979 27,367 25,756 24,114 25,517 27,104
EBIT 1 17,151 21,055 22,802 19,571 17,755 17,339 18,381 19,643
Net income 1 12,036 14,084 15,174 12,550 10,878 11,000 12,001 13,162
Net Debt 1 9,607 27,847 30,671 31,143 27,567 23,231 20,011 16,610
Reference price 2 727.00 679.90 733.60 635.50 645.00 383.00 383.00 383.00
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.($)
17.39x2.64x8.8x3.37% 211B
28.52x7x15.54x1.49% 145B
23.45x3.71x13.04x2.45% 115B
59.3x4.3x39.34x0.43% 40.2B
11.85x1.76x6.09x3.91% 26.85B
20.38x2.68x13.62x1.03% 22.49B
10.14x1.18x7.59x7.23% 13.73B
18.27x3.46x8.63x3.2% 12.99B
14.87x2.34x7.01x3.44% 12.66B
Average 22.69x 3.23x 13.30x 2.95% 66.76B
Weighted average by Cap. 23.71x 3.95x 13.28x 2.57%

Y-o-Y evolution of P/E

Valuation ratios - P/E - LVMH

Historical PBR trend

Valuation ratios - PBR - LVMH

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - LVMH

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - LVMH


Year-on-year evolution of the Yield

Valuation ratios - Yield - LVMH