Company Valuation: LVMH

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 366,252 340,700 366,368 317,588 319,356 222,240 - -
Change - -6.98% 7.53% -13.31% 0.56% -30.41% - -
Enterprise Value (EV) 1 375,859 368,547 397,039 348,731 346,923 246,016 242,579 239,060
Change - -1.95% 7.73% -12.17% -0.52% -29.09% -1.4% -1.45%
P/E 30.4x 24.3x 24.2x 25.3x 29.5x 20x 17.7x 16x
PBR 7.77x 6.19x 6.01x 4.7x 4.76x 3.13x 2.88x 2.67x
PEG - 1.4x 2.95x -1.5x -2.3x 6.16x 1.3x 1.5x
Capitalization / Revenue 5.7x 4.3x 4.25x 3.75x 3.95x 2.74x 2.6x 2.46x
EV / Revenue 5.85x 4.65x 4.61x 4.12x 4.29x 3.04x 2.84x 2.65x
EV / EBITDA 16.4x 13.5x 13.2x 12.7x 13.5x 10.1x 9.31x 8.47x
EV / EBIT 21.9x 17.5x 17.4x 17.8x 19.5x 13.9x 12.7x 11.6x
EV / FCF 27.8x 36.4x 49x 33.3x 30.6x 21.5x 18.5x 17.3x
FCF Yield 3.6% 2.74% 2.04% 3% 3.27% 4.66% 5.4% 5.77%
Dividend per Share 2 7 12 13 13 13 13.09 14.12 15.16
Rate of return 0.96% 1.76% 1.77% 2.05% 2.02% 2.9% 3.13% 3.36%
EPS 2 23.89 28.03 30.33 25.12 21.85 22.56 25.52 28.17
Distribution rate 29.3% 42.8% 42.9% 51.8% 59.5% 58% 55.3% 53.8%
Net sales 1 64,215 79,184 86,153 84,683 80,807 80,997 85,330 90,327
EBITDA 1 22,981 27,281 29,979 27,367 25,756 24,270 26,063 28,213
EBIT 1 17,151 21,055 22,802 19,571 17,755 17,657 19,141 20,664
Net income 1 12,036 14,084 15,174 12,550 10,878 11,255 12,660 13,970
Net Debt 1 9,607 27,847 30,671 31,143 27,567 23,776 20,339 16,820
Reference price 2 727.00 679.90 733.60 635.50 645.00 450.70 450.70 450.70
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.($)
19.98x3.04x10.14x2.9% 259B
19.61x2.58x13.06x1.06% 21.6B
19.76x3.78x9.33x2.93% 14.98B
10.78x1.04x5.02x-.--% 13.44B
20.03x2.24x8.82x1.86% 10.1B
13.7x1.39x9.07x2.83% 8.12B
10.49x1.37x5.99x7.45% 6.65B
12.75x0.86x8.19x2.62% 5.44B
Average 15.89x 2.04x 8.70x 2.71% 42.46B
Weighted average by Cap. 19.13x 2.83x 9.91x 2.73%

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