Company Valuation: L'Oréal

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 232,521 178,538 240,974 182,877 195,473 202,706 - -
Change - -23.22% 34.97% -24.11% 6.89% 3.7% - -
Enterprise Value (EV) 1 231,489 181,571 245,378 187,319 197,524 210,970 208,199 204,965
Change - -21.56% 35.14% -23.66% 5.45% 6.81% -1.31% -1.55%
P/E 50.8x 31.4x 39.1x 28.6x 32x 29.2x 26.1x 24x
PBR 9.9x 6.57x 8.32x 5.52x 5.6x 5.41x 4.95x 4.52x
PEG - 1.1x 4.56x 7.66x -7.5x 2.1x 2.2x 2.64x
Capitalization / Revenue 7.2x 4.67x 5.85x 4.21x 4.44x 4.31x 4.06x 3.83x
EV / Revenue 7.17x 4.75x 5.96x 4.31x 4.48x 4.49x 4.17x 3.87x
EV / EBITDA 29.1x 20.2x 24.9x 17.8x 18.4x 18.5x 17.1x 15.7x
EV / EBIT 37.6x 24.3x 30.1x 21.6x 22.2x 22x 20.1x 18.4x
EV / FCF 40.9x 36.7x 40x 28.1x 27.6x 29.2x 26x 23.8x
FCF Yield 2.44% 2.72% 2.5% 3.55% 3.63% 3.43% 3.85% 4.21%
Dividend per Share 2 4.8 6 6.6 6.667 7.2 7.766 8.37 9.03
Rate of return 1.15% 1.8% 1.46% 1.95% 1.96% 2.04% 2.2% 2.37%
EPS 2 8.21 10.61 11.52 11.95 11.44 13.03 14.57 15.9
Distribution rate 58.5% 56.6% 57.3% 55.8% 62.9% 59.6% 57.4% 56.8%
Net sales 1 32,288 38,261 41,182 43,487 44,052 46,992 49,913 52,928
EBITDA 1 7,941 8,993 9,858 10,543 10,709 11,382 12,200 13,040
EBIT 1 6,160 7,457 8,143 8,688 8,892 9,605 10,377 11,115
Net income 1 4,597 5,707 6,184 6,409 6,127 6,983 7,777 8,431
Net Debt 1 -1,033 3,033 4,404 4,443 2,051 8,264 5,493 2,259
Reference price 2 416.95 333.60 450.65 341.85 366.60 380.75 380.75 380.75
Nbr of stocks (in thousands) 557,672 535,187 534,725 534,962 533,205 532,387 - -
Announcement Date 2/9/22 2/9/23 2/8/24 2/6/25 2/12/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
21.79x4.16x15.21x2.96% 344B
29.21x4.49x18.54x2.04% 230B
18.09x2.7x11.92x3.56% 131B
23.56x3.53x14.86x2.45% 68.92B
52.54x7.51x28.85x0.3% 46.32B
38.79x6.23x27.01x2.42% 45.64B
18.87x2.66x11.1x4.71% 34.4B
32.3x2.52x13.98x1.69% 34.14B
14.83x2.41x11.11x5.21% 32.92B
Average 27.78x 4.02x 16.95x 2.82% 107.53B
Weighted average by Cap. 25.48x 4.08x 16.41x 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