Company Valuation: L'Oréal

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 232,521 178,538 240,974 182,877 195,473 202,227 - -
Change - -23.22% 34.97% -24.11% 6.89% 3.46% - -
Enterprise Value (EV) 1 231,489 181,571 245,378 187,319 197,524 210,555 207,794 204,584
Change - -21.56% 35.14% -23.66% 5.45% 6.6% -1.31% -1.54%
P/E 50.8x 31.4x 39.1x 28.6x 32x 29.1x 26.1x 23.9x
PBR 9.9x 6.57x 8.32x 5.52x 5.6x 5.4x 4.94x 4.51x
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 4.3x 4.05x 3.82x
EV / Revenue 7.17x 4.75x 5.96x 4.31x 4.48x 4.48x 4.17x 3.87x
EV / EBITDA 29.1x 20.2x 24.9x 17.8x 18.4x 18.5x 17x 15.7x
EV / EBIT 37.6x 24.3x 30.1x 21.6x 22.2x 21.9x 20x 18.4x
EV / FCF 40.9x 36.7x 40x 28.1x 27.6x 29.1x 25.9x 23.8x
FCF Yield 2.44% 2.72% 2.5% 3.55% 3.63% 3.43% 3.86% 4.21%
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% 2.04% 2.2% 2.38%
EPS 2 8.21 10.61 11.52 11.95 11.44 13.03 14.57 15.89
Distribution rate 58.5% 56.6% 57.3% 55.8% 62.9% 59.6% 57.5% 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 8,328 5,567 2,357
Reference price 2 416.95 333.60 450.65 341.85 366.60 379.85 379.85 379.85
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.($)
29.15x4.48x18.51x2.04% 235B
50.5x7.22x27.75x0.25% 44.29B
24.03x4.38x16.99x1.38% 10.39B
30.59x1.56x11.56x1.79% 8.86B
23.54x1.69x10.89x1.15% 6.47B
52.45x3.18x15.5x-.--% 5.72B
22.92x2.32x12.43x2.86% 3.59B
12.03x1.48x8.1x3.89% 3.34B
21.08x2.78x13.33x3.53% 2.88B
Average 29.59x 3.23x 15.01x 1.88% 35.58B
Weighted average by Cap. 31.96x 4.63x 19.11x 1.75%

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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