Company Valuation: EssilorLuxottica

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 82,608 75,236 81,962 107,377 124,976 66,457 - -
Change - -8.92% 8.94% 31.01% 16.39% -46.82% - -
Enterprise Value (EV) 1 92,306 82,299 87,821 118,347 135,826 75,768 74,954 73,633
Change - -10.84% 6.71% 34.76% 14.77% -44.22% -1.07% -1.76%
P/E 57.1x 35x 35.7x 45.9x 54.2x 25.8x 23.1x 20.2x
PBR 2.34x 2.01x 2.1x 2.68x 3.22x 1.67x 1.61x 1.56x
PEG - 0.7x 6.9x 46.63x -18.54x 1.9x 2x 1.4x
Capitalization / Revenue 4.17x 3.07x 3.23x 4.05x 4.39x 2.2x 2.03x 1.88x
EV / Revenue 4.66x 3.36x 3.46x 4.46x 4.77x 2.51x 2.29x 2.08x
EV / EBITDA 16.8x 11.6x 12.3x 15.8x 20.9x 10.1x 9.36x 8.5x
EV / EBIT 30.5x 20x 21x 26.8x 30.5x 15.8x 14.3x 12.8x
EV / FCF 33.1x 36.4x 26.4x 49.3x 48.6x 19.7x 18.5x 16.5x
FCF Yield 3.02% 2.75% 3.79% 2.03% 2.06% 5.07% 5.41% 6.06%
Dividend per Share 2 2.51 3.23 3.95 3.95 4 4.081 4.449 4.895
Rate of return 1.34% 1.91% 2.18% 1.68% 1.48% 2.8% 3.06% 3.36%
EPS 2 3.28 4.83 5.08 5.13 4.98 5.654 6.31 7.223
Distribution rate 76.5% 66.9% 77.8% 77% 80.3% 72.2% 70.5% 67.8%
Net sales 1 19,820 24,494 25,395 26,508 28,491 30,204 32,774 35,352
EBITDA 1 5,488 7,085 7,150 7,512 6,492 7,467 8,011 8,662
EBIT 1 3,027 4,115 4,178 4,414 4,459 4,799 5,225 5,750
Net income 1 1,463 2,152 2,289 2,359 2,315 2,701 3,020 3,468
Net Debt 1 9,698 7,063 5,859 10,970 10,850 9,311 8,497 7,176
Reference price 2 187.24 169.20 181.60 235.60 269.90 145.60 145.60 145.60
Nbr of stocks (in thousands) 441,185 444,659 451,334 455,759 463,045 459,592 - -
Announcement Date 11/3/22 23/2/23 14/2/24 12/2/25 11/2/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
25.75x2.52x10.21x2.8% 75.99B
28x3.88x15.01x2.6% 171B
18.25x3.37x12.03x3.26% 110B
21.42x4.21x14.72x1.31% 106B
16.44x0.19x12.1x0.79% 57.3B
34.49x3.36x11.49x2.19% 48.76B
28.75x7.1x18.34x1.39% 50.19B
35.36x8.79x24.72x-.--% 41.14B
34.67x6.08x19.09x-.--% 32.56B
37.52x3.05x11.42x0.57% 31.27B
Average 28.07x 4.26x 14.91x 1.49% 72.42B
Weighted average by Cap. 26.02x 3.95x 14.35x 1.93%

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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