Company Valuation: LVMH

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 366,252 340,700 366,368 317,588 319,356 224,853 - -
Change - -6.98% 7.53% -13.31% 0.56% -29.59% - -
Enterprise Value (EV) 1 375,859 368,547 397,039 348,731 346,923 248,629 245,192 241,673
Change - -1.95% 7.73% -12.17% -0.52% -28.33% -1.38% -1.44%
P/E 30.4x 24.3x 24.2x 25.3x 29.5x 20.2x 17.9x 16.2x
PBR 7.77x 6.19x 6.01x 4.7x 4.76x 3.16x 2.91x 2.7x
PEG - 1.4x 2.95x -1.5x -2.3x 6.22x 1.4x 1.6x
Capitalization / Revenue 5.7x 4.3x 4.25x 3.75x 3.95x 2.78x 2.64x 2.49x
EV / Revenue 5.85x 4.65x 4.61x 4.12x 4.29x 3.07x 2.87x 2.68x
EV / EBITDA 16.4x 13.5x 13.2x 12.7x 13.5x 10.2x 9.41x 8.57x
EV / EBIT 21.9x 17.5x 17.4x 17.8x 19.5x 14.1x 12.8x 11.7x
EV / FCF 27.8x 36.4x 49x 33.3x 30.6x 21.7x 18.7x 17.5x
FCF Yield 3.6% 2.74% 2.04% 3% 3.27% 4.61% 5.34% 5.71%
Dividend per Share 2 7 12 13 13 13 13.09 14.12 15.16
Rate of return 0.96% 1.76% 1.77% 2.05% 2.02% 2.87% 3.1% 3.32%
EPS 2 23.89 28.03 30.33 25.12 21.85 22.56 25.52 28.17
Distribution rate 29.3% 42.8% 42.9% 51.8% 59.5% 58% 55.3% 53.8%
Net sales 1 64,215 79,184 86,153 84,683 80,807 80,997 85,330 90,327
EBITDA 1 22,981 27,281 29,979 27,367 25,756 24,270 26,063 28,213
EBIT 1 17,151 21,055 22,802 19,571 17,755 17,657 19,141 20,664
Net income 1 12,036 14,084 15,174 12,550 10,878 11,255 12,660 13,970
Net Debt 1 9,607 27,847 30,671 31,143 27,567 23,776 20,339 16,820
Reference price 2 727.00 679.90 733.60 635.50 645.00 456.00 456.00 456.00
Nbr of stocks (in thousands) 503,785 501,103 499,410 499,744 495,126 493,099 - -
Announcement Date 1/27/22 1/26/23 1/25/24 1/28/25 1/27/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
19.85x3.02x10.09x2.92% 256B
20.46x2.69x13.61x1.02% 22.54B
19.75x3.78x9.33x2.93% 14.85B
10.79x1.05x5.03x-.--% 13.51B
20.49x2.28x8.97x1.82% 10.33B
14.29x1.44x9.41x2.71% 8.47B
10.81x1.42x6.19x7.26% 6.84B
13.18x0.88x8.37x2.53% 5.63B
Average 16.20x 2.07x 8.87x 2.65% 42.22B
Weighted average by Cap. 19.11x 2.82x 9.93x 2.72%

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