Company Valuation: L'Oréal

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 232,521 178,538 240,974 182,877 195,473 204,969 - -
Change - -23.22% 34.97% -24.11% 6.89% 4.86% - -
Enterprise Value (EV) 1 231,489 181,571 245,378 187,319 197,524 213,288 210,522 207,311
Change - -21.56% 35.14% -23.66% 5.45% 7.98% -1.3% -1.53%
P/E 50.8x 31.4x 39.1x 28.6x 32x 29.4x 26.4x 24.2x
PBR 9.9x 6.57x 8.32x 5.52x 5.6x 5.47x 5x 4.57x
PEG - 1.1x 4.56x 7.66x -7.5x 2x 2.3x 2.68x
Capitalization / Revenue 7.2x 4.67x 5.85x 4.21x 4.44x 4.36x 4.11x 3.88x
EV / Revenue 7.17x 4.75x 5.96x 4.31x 4.48x 4.54x 4.22x 3.92x
EV / EBITDA 29.1x 20.2x 24.9x 17.8x 18.4x 18.7x 17.3x 15.9x
EV / EBIT 37.6x 24.3x 30.1x 21.6x 22.2x 22.2x 20.3x 18.7x
EV / FCF 40.9x 36.7x 40x 28.1x 27.6x 29.5x 26.3x 24.1x
FCF Yield 2.44% 2.72% 2.5% 3.55% 3.63% 3.39% 3.81% 4.15%
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% 2.02% 2.17% 2.35%
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 2 416.95 333.60 450.65 341.85 366.60 385.00 385.00 385.00
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.($)
28.96x4.48x18.48x2.05% 234B
54.75x7.81x30.01x0.23% 48.02B
27.93x5.12x19.85x1.19% 11.8B
32.77x1.63x12.03x1.68% 9.04B
24.55x1.76x11.31x1.09% 6.58B
57.13x3.44x16.75x-.--% 6.23B
23.97x2.43x13.02x2.73% 3.75B
13.18x1.66x9.23x3.43% 3.65B
21.3x2.76x13.39x3.67% 2.85B
Average 31.62x 3.45x 16.01x 1.79% 36.23B
Weighted average by Cap. 32.98x 4.77x 19.66x 1.72%

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