Company Valuation: L'Oréal

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 232,521 178,538 240,974 182,877 195,473 206,672 - -
Change - -23.22% 34.97% -24.11% 6.89% 5.73% - -
Enterprise Value (EV) 1 231,489 181,571 245,378 187,319 197,524 214,991 212,226 209,014
Change - -21.56% 35.14% -23.66% 5.45% 8.84% -1.29% -1.51%
P/E 50.8x 31.4x 39.1x 28.6x 32x 29.6x 26.6x 24.4x
PBR 9.9x 6.57x 8.32x 5.52x 5.6x 5.51x 5.04x 4.61x
PEG - 1.1x 4.56x 7.66x -7.5x 2x 2.4x 2.71x
Capitalization / Revenue 7.2x 4.67x 5.85x 4.21x 4.44x 4.4x 4.14x 3.91x
EV / Revenue 7.17x 4.75x 5.96x 4.31x 4.48x 4.58x 4.25x 3.95x
EV / EBITDA 29.1x 20.2x 24.9x 17.8x 18.4x 18.9x 17.4x 16x
EV / EBIT 37.6x 24.3x 30.1x 21.6x 22.2x 22.4x 20.5x 18.8x
EV / FCF 40.9x 36.7x 40x 28.1x 27.6x 29.8x 26.5x 24.3x
FCF Yield 2.44% 2.72% 2.5% 3.55% 3.63% 3.36% 3.78% 4.12%
Dividend per Share 2 4.8 6 6.6 6.667 7.2 7.766 8.37 9.031
Rate of return 1.15% 1.8% 1.46% 1.95% 1.96% 2% 2.16% 2.33%
EPS 2 8.21 10.61 11.52 11.95 11.44 13.1 14.58 15.89
Distribution rate 58.5% 56.6% 57.3% 55.8% 62.9% 59.3% 57.4% 56.8%
Net sales 1 32,288 38,261 41,182 43,487 44,052 46,982 49,884 52,891
EBITDA 1 7,941 8,993 9,858 10,543 10,709 11,378 12,198 13,037
EBIT 1 6,160 7,457 8,143 8,688 8,892 9,600 10,367 11,103
Net income 1 4,597 5,707 6,184 6,409 6,127 6,980 7,771 8,422
Net Debt 1 -1,033 3,033 4,404 4,443 2,051 8,319 5,553 2,342
Reference price 2 416.95 333.60 450.65 341.85 366.60 388.20 388.20 388.20
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
29.37x4.54x18.73x2.02% 238B
52.05x7.44x28.58x0.24% 45.65B
24.81x4.52x17.56x1.34% 10.68B
30.48x1.54x11.49x1.8% 8.76B
59.36x3.56x17.36x-.--% 6.47B
23.69x1.69x10.91x1.16% 6.46B
23.88x2.42x12.97x2.74% 3.74B
12.95x1.62x8.91x3.61% 3.6B
21.41x2.77x13.45x3.66% 2.88B
Average 30.89x 3.35x 15.55x 1.84% 36.26B
Weighted average by Cap. 32.59x 4.71x 19.47x 1.73%

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

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