Financials L'Oréal

Equities

Market Closed - Euronext Paris Other stock markets 11:38:36 2025-05-16 EDT			5-day change	1st Jan Change
373.85 ^EUR	-0.81%		-2.44%	+9.36%

05-15	LOREAL : JP Morgan keeps a Sell rating	ZD
05-15	Eva Longoria and Andie MacDowell talk age and beauty in Cannes	RE

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	27,992	32,288	38,261	41,182	43,487	44,440	46,549	49,188
Change	-	15.35%	18.5%	7.64%	5.6%	2.19%	4.75%	5.67%
EBITDA ¹	7,237	7,941	8,993	9,858	10,543	10,669	11,244	12,049
Change	-	9.73%	13.24%	9.62%	6.94%	1.2%	5.39%	7.16%
EBIT ¹	5,209	6,160	7,457	8,143	8,688	8,980	9,555	10,293
Change	-	18.26%	21.05%	9.2%	6.68%	3.37%	6.41%	7.73%
Interest Paid ¹	-59.4	-19.4	-73	-113.4	-261.4	-232.5	-182.2	-187.3
Earnings before Tax (EBT) ¹	4,776	6,047	7,611	8,001	8,433	8,777	9,459	10,236
Change	-	26.6%	25.86%	5.13%	5.4%	4.08%	7.76%	8.22%
Net income ¹	3,563	4,597	5,707	6,184	6,409	6,700	7,271	7,832
Change	-	29.01%	24.13%	8.37%	3.63%	4.54%	8.53%	7.72%
Announcement Date	2/11/21	2/9/22	2/9/23	2/8/24	2/6/25	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4
Net sales ¹	7,225	5,851	7,037	7,879	7,614	7,582	7,997	9,094	9,060	9,306	9,575	10,319	10,380	10,194	10,003	10,605	11,245	10,876	10,285	11,081	11,735	10,888	10,337	11,082
Change	-	-19.02%	20.26%	11.97%	-3.35%	-0.43%	5.47%	13.73%	-0.37%	2.71%	2.89%	7.77%	0.59%	-1.8%	-1.87%	6.02%	6.03%	-3.28%	-5.43%	7.74%	5.9%	-7.21%	-5.06%	7.21%
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Announcement Date	4/16/20	7/30/20	10/22/20	2/11/21	4/15/21	7/29/21	10/21/21	2/9/22	4/19/22	7/28/22	10/20/22	2/9/23	4/27/23	7/27/23	10/19/23	2/8/24	4/18/24	7/30/24	10/22/24	2/6/25	4/17/25	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2020 S2	2021 S1	2021 S2	2022 S1	2022 S2	2023 S1	2023 S2	2024 S1	2024 S2	2025 S1	2025 S2
Net sales ¹	14,916	15,197	17,091	18,366	19,894	20,574	20,608	22,121	21,366	22,624	21,419
Change	-	1.88%	12.47%	7.46%	8.32%	3.42%	0.17%	7.34%	-3.41%	5.89%	-5.32%
EBITDA ¹	4,092	3,898	4,043	4,372	4,621	5,170	-	5,369	5,174	5,501	5,045
Change	-	-4.74%	3.71%	8.15%	5.68%	11.89%	-	-	-3.63%	6.32%	-8.29%
EBIT ¹	2,852	2,988	3,172	3,746	3,711	4,259	3,884	4,599	4,088	4,684	4,161
Change	-	4.78%	6.16%	18.07%	-0.91%	14.75%	-8.79%	18.4%	-11.1%	14.57%	-11.17%
Charge d'intérêts ¹	-36.7	-29.3	-9.3	-15	-56.6	-45.3	-68	-131	-130.4	-141	-65
Earnings before Tax (EBT)	2,490	3,022	3,025	-	-	-	-	4,809	3,624	-	-
Change	-	21.33%	0.12%	-	-	-	-	-	-24.65%	-	-
Net income	1,741	2,363	2,234	-	-	-	-	3,656	2,753	-	-
Change	-	35.71%	-5.42%	-	-	-	-	-	-24.69%	-	-
Announcement Date	2/11/21	7/29/21	2/9/22	7/28/22	2/9/23	7/27/23	2/8/24	7/30/24	2/6/25	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	-5,541	-1,033	3,033	4,404	4,443	-642	-3,432	-5,619
Change	-	81.36%	393.61%	45.2%	0.89%	-114.45%	-434.58%	-63.72%
Announcement Date	2/11/21	2/9/22	2/9/23	2/8/24	2/6/25	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	972.4	1,075	1,334	1,476	1,628	1,709	1,762	1,912
Change	-	10.57%	24.07%	10.64%	10.31%	4.96%	3.09%	8.52%
Free Cash Flow (FCF) ¹	5,481	5,653	4,944	6,129	6,658	6,642	7,403	7,796
Change	-	3.14%	-12.54%	23.95%	8.63%	-0.23%	11.46%	5.3%
Announcement Date	2/11/21	2/9/22	2/9/23	2/8/24	2/6/25	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	25.85%	24.6%	23.5%	23.94%	24.24%	24.01%	24.15%	24.5%
EBIT Margin (%)	18.61%	19.08%	19.49%	19.77%	19.98%	20.21%	20.53%	20.93%
EBT Margin (%)	17.06%	18.73%	19.89%	19.43%	19.39%	19.75%	20.32%	20.81%
Net margin (%)	12.73%	14.24%	14.92%	15.02%	14.74%	15.08%	15.62%	15.92%
FCF margin (%)	19.58%	17.51%	12.92%	14.88%	15.31%	14.95%	15.9%	15.85%
FCF / Net Income (%)	153.81%	122.97%	86.64%	99.11%	103.89%	99.15%	101.82%	99.53%
Profitability
ROA	9.38%	10.61%	12.7%	12.53%	11.85%	11.51%	12.15%	12.5%
ROE	14.03%	17.49%	22.48%	21.99%	20.6%	19.44%	19.36%	19.01%
Financial Health
Leverage (Debt/EBITDA)	-	-	0.34x	0.45x	0.42x	-	-	-
Debt / Free cash flow	-	-	0.61x	0.72x	0.67x	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	3.47%	3.33%	3.49%	3.58%	3.74%	3.85%	3.78%	3.89%
CAPEX / EBITDA (%)	13.44%	13.54%	14.83%	14.97%	15.44%	16.02%	15.67%	15.87%
CAPEX / FCF (%)	17.74%	19.02%	26.98%	24.08%	24.45%	25.73%	23.8%	24.52%
Items per share
Cash flow per share ¹	11.49	12.02	11.68	14.16	15.46	15.89	16.67	17.98
Change	-	4.6%	-2.84%	21.27%	9.15%	2.81%	4.89%	7.85%
Dividend per Share ¹	4	4.8	6	6.6	6.667	7.154	7.698	8.305
Change	-	20%	25%	10%	1.02%	7.3%	7.6%	7.89%
Book Value Per Share ¹	51.62	42.13	50.78	54.14	61.96	66.14	72.16	79.09
Change	-	-18.38%	20.53%	6.61%	14.45%	6.75%	9.09%	9.6%
EPS ¹	6.34	8.21	10.61	11.52	11.95	12.45	13.6	14.7
Change	-	29.5%	29.23%	8.58%	3.73%	4.21%	9.23%	8.08%
Nbr of stocks (in thousands)	559,857	557,672	535,187	534,725	534,962	533,856	533,856	533,856
Announcement Date	2/11/21	2/9/22	2/9/23	2/8/24	2/6/25	-	-	-