Company Valuation: LVMH

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 366,252 340,700 366,368 317,588 319,356 234,644 - -
Change - -6.98% 7.53% -13.31% 0.56% -26.53% - -
Enterprise Value (EV) 1 375,859 368,547 397,039 348,731 346,923 258,298 254,099 249,674
Change - -1.95% 7.73% -12.17% -0.52% -25.55% -1.63% -1.74%
P/E ratio 30.4x 24.3x 24.2x 25.3x 29.5x 21.1x 18.4x 16.5x
PBR 7.77x 6.19x 6.01x 4.7x 4.76x 3.28x 3.01x 2.79x
PEG - 1.4x 2.95x -1.5x -2.3x 9.06x 1.3x 1.4x
Capitalization / Revenue 5.7x 4.3x 4.25x 3.75x 3.95x 2.89x 2.75x 2.58x
EV / Revenue 5.85x 4.65x 4.61x 4.12x 4.29x 3.18x 2.98x 2.75x
EV / EBITDA 16.4x 13.5x 13.2x 12.7x 13.5x 10.4x 9.38x 8.67x
EV / EBIT 21.9x 17.5x 17.4x 17.8x 19.5x 14.6x 13.1x 11.9x
EV / FCF 27.8x 36.4x 49x 33.3x 30.6x 20.1x 19.4x 16.9x
FCF Yield 3.6% 2.74% 2.04% 3% 3.27% 4.97% 5.17% 5.9%
Dividend per Share 2 7 12 13 13 13 13.02 14.21 15.59
Rate of return 0.96% 1.76% 1.77% 2.05% 2.02% 2.75% 3.01% 3.3%
EPS 2 23.89 28.03 30.33 25.12 21.85 22.36 25.65 28.57
Distribution rate 29.3% 42.8% 42.9% 51.8% 59.5% 58.2% 55.4% 54.6%
Net sales 1 64,215 79,184 86,153 84,683 80,807 81,174 85,381 90,826
EBITDA 1 22,981 27,281 29,979 27,367 25,756 24,782 27,100 28,783
EBIT 1 17,151 21,055 22,802 19,571 17,755 17,662 19,351 21,003
Net income 1 12,036 14,084 15,174 12,550 10,878 11,240 12,794 14,089
Net Debt 1 9,607 27,847 30,671 31,143 27,567 23,654 19,455 15,030
Reference price 2 727.00 679.90 733.60 635.50 645.00 472.70 472.70 472.70
Nbr of stocks (in thousands) 503,785 501,103 499,410 499,744 495,126 496,391 - -
Announcement Date 27/1/22 26/1/23 25/1/24 28/1/25 27/1/26 - - -
1EUR in Million2EUR
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
21.14x3.18x10.42x2.75% 276B
23.5x2.77x14.75x0.98% 21.7B
22.81x4.33x10.62x2.48% 17.42B
10.66x1.14x5.13x-.--% 15.1B
15.7x2.34x9.88x1.73% 10.97B
14.8x1.47x9.67x2.55% 8.72B
22.75x1.15x11.77x1.91% 7.43B
11.77x1.48x6.45x7.12% 6.52B
14.26x0.78x4.57x3.52% 6.4B
Average 17.49x 2.07x 9.25x 2.56% 41.16B
Weighted average by Cap. 20.37x 2.95x 10.29x 2.56%

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