Company Valuation: L'Oréal

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 232,521 178,538 240,974 182,877 195,473 198,447 - -
Change - -23.22% 34.97% -24.11% 6.89% 1.52% - -
Enterprise Value (EV) 1 231,489 181,571 245,378 187,319 197,524 206,711 203,940 200,706
Change - -21.56% 35.14% -23.66% 5.45% 4.65% -1.34% -1.59%
P/E 50.8x 31.4x 39.1x 28.6x 32x 28.6x 25.6x 23.4x
PBR 9.9x 6.57x 8.32x 5.52x 5.6x 5.3x 4.84x 4.42x
PEG - 1.1x 4.56x 7.66x -7.5x 2.1x 2.2x 2.54x
Capitalization / Revenue 7.2x 4.67x 5.85x 4.21x 4.44x 4.22x 3.98x 3.75x
EV / Revenue 7.17x 4.75x 5.96x 4.31x 4.48x 4.4x 4.09x 3.79x
EV / EBITDA 29.1x 20.2x 24.9x 17.8x 18.4x 18.2x 16.7x 15.4x
EV / EBIT 37.6x 24.3x 30.1x 21.6x 22.2x 21.5x 19.7x 18.1x
EV / FCF 40.9x 36.7x 40x 28.1x 27.6x 28.6x 25.4x 23.3x
FCF Yield 2.44% 2.72% 2.5% 3.55% 3.63% 3.5% 3.93% 4.3%
Dividend per Share 2 4.8 6 6.6 6.667 7.2 7.762 8.365 9.031
Rate of return 1.15% 1.8% 1.46% 1.95% 1.96% 2.08% 2.24% 2.42%
EPS 2 8.21 10.61 11.52 11.95 11.44 13.02 14.56 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 46,995 49,917 52,932
EBITDA 1 7,941 8,993 9,858 10,543 10,709 11,384 12,202 13,042
EBIT 1 6,160 7,457 8,143 8,688 8,892 9,607 10,378 11,116
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 2 416.95 333.60 450.65 341.85 366.60 372.75 372.75 372.75
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
21.29x4.07x14.88x3.03% 337B
28.62x4.4x18.16x2.08% 223B
17.73x2.66x11.72x3.6% 128B
23.18x3.45x14.51x2.52% 67.17B
51.2x7.23x27.86x0.31% 45.15B
38.12x6.13x26.61x2.45% 44.87B
31.81x2.4x13.47x1.69% 33.27B
18.12x2.57x10.73x4.91% 33.04B
14.14x2.31x10.68x5.47% 31.38B
Average 27.13x 3.91x 16.51x 2.9% 104.73B
Weighted average by Cap. 24.93x 3.99x 16.05x 2.79%

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