Company Valuation: LVMH

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 366,252 340,700 366,368 317,588 319,356 240,228 - -
Change - -6.98% 7.53% -13.31% 0.56% -24.78% - -
Enterprise Value (EV) 1 375,859 368,547 397,039 348,731 346,923 263,900 259,645 254,991
Change - -1.95% 7.73% -12.17% -0.52% -23.93% -1.61% -1.79%
P/E ratio 30.4x 24.3x 24.2x 25.3x 29.5x 21.1x 18.5x 16.3x
PBR 7.77x 6.19x 6.01x 4.7x 4.76x 3.31x 3.07x 2.83x
PEG - 1.4x 2.95x -1.5x -2.3x 4.34x 1.3x 1.2x
Capitalization / Revenue 5.7x 4.3x 4.25x 3.75x 3.95x 2.94x 2.78x 2.61x
EV / Revenue 5.85x 4.65x 4.61x 4.12x 4.29x 3.23x 3x 2.77x
EV / EBITDA 16.4x 13.5x 13.2x 12.7x 13.5x 10.4x 9.39x 8.66x
EV / EBIT 21.9x 17.5x 17.4x 17.8x 19.5x 14.7x 13.3x 11.9x
EV / FCF 27.8x 36.4x 49x 33.3x 30.6x 21.8x 19.7x 17.8x
FCF Yield 3.6% 2.74% 2.04% 3% 3.27% 4.59% 5.08% 5.6%
Dividend per Share 2 7 12 13 13 13 13.08 14.39 15.88
Rate of return 0.96% 1.76% 1.77% 2.05% 2.02% 2.7% 2.97% 3.28%
EPS 2 23.89 28.03 30.33 25.12 21.85 22.91 26.2 29.65
Distribution rate 29.3% 42.8% 42.9% 51.8% 59.5% 57.1% 54.9% 53.6%
Net sales 1 64,215 79,184 86,153 84,683 80,807 81,828 86,440 92,159
EBITDA 1 22,981 27,281 29,979 27,367 25,756 25,344 27,642 29,455
EBIT 1 17,151 21,055 22,802 19,571 17,755 17,929 19,574 21,485
Net income 1 12,036 14,084 15,174 12,550 10,878 11,454 13,123 14,519
Net Debt 1 9,607 27,847 30,671 31,143 27,567 23,672 19,417 14,762
Reference price 2 727.00 679.90 733.60 635.50 645.00 483.95 483.95 483.95
Nbr of stocks (in thousands) 503,785 501,103 499,410 499,744 495,126 496,391 - -
Announcement Date 27/01/22 26/01/23 25/01/24 28/01/25 27/01/26 - - -
1EUR in Million2EUR
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
21.12x3.23x10.41x2.7% 281B
25.31x2.98x15.85x0.91% 23.31B
13.52x1.5x6.75x-.--% 19.25B
22.89x4.32x10.7x2.45% 17.2B
13.26x2.25x9.49x1.76% 10.62B
14.86x1.48x9.71x2.54% 8.75B
19.25x1.31x7.54x2.57% 7.45B
22.02x1.13x11.7x1.97% 7.19B
11.29x1.41x6.17x7.34% 6.28B
Average 18.17x 2.18x 9.81x 2.47% 42.34B
Weighted average by Cap. 20.53x 3.00x 10.43x 2.48%

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