Company Valuation: LVMH

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 366,252 340,700 366,368 317,588 319,356 231,715 - -
Change - -6.98% 7.53% -13.31% 0.56% -27.44% - -
Enterprise Value (EV) 1 375,859 368,547 397,039 348,731 346,923 255,638 252,206 248,660
Change - -1.95% 7.73% -12.17% -0.52% -26.31% -1.34% -1.41%
P/E 30.4x 24.3x 24.2x 25.3x 29.5x 20.6x 18.2x 16.5x
PBR 7.77x 6.19x 6.01x 4.7x 4.76x 3.24x 2.98x 2.76x
PEG - 1.4x 2.95x -1.5x -2.3x 5.84x 1.4x 1.6x
Capitalization / Revenue 5.7x 4.3x 4.25x 3.75x 3.95x 2.86x 2.72x 2.57x
EV / Revenue 5.85x 4.65x 4.61x 4.12x 4.29x 3.16x 2.96x 2.76x
EV / EBITDA 16.4x 13.5x 13.2x 12.7x 13.5x 10.6x 9.59x 8.79x
EV / EBIT 21.9x 17.5x 17.4x 17.8x 19.5x 14.5x 13.2x 12.1x
EV / FCF 27.8x 36.4x 49x 33.3x 30.6x 22.2x 19.7x 18x
FCF Yield 3.6% 2.74% 2.04% 3% 3.27% 4.5% 5.07% 5.55%
Dividend per Share 2 7 12 13 13 13 12.9 14.08 15.12
Rate of return 0.96% 1.76% 1.77% 2.05% 2.02% 2.76% 3.02% 3.24%
EPS 2 23.89 28.03 30.33 25.12 21.85 22.62 25.65 28.28
Distribution rate 29.3% 42.8% 42.9% 51.8% 59.5% 57% 54.9% 53.5%
Net sales 1 64,215 79,184 86,153 84,683 80,807 80,887 85,255 90,202
EBITDA 1 22,981 27,281 29,979 27,367 25,756 24,097 26,303 28,292
EBIT 1 17,151 21,055 22,802 19,571 17,755 17,681 19,113 20,620
Net income 1 12,036 14,084 15,174 12,550 10,878 11,220 12,660 13,907
Net Debt 1 9,607 27,847 30,671 31,143 27,567 23,923 20,491 16,944
Reference price 2 727.00 679.90 733.60 635.50 645.00 466.80 466.80 466.80
Nbr of stocks (in thousands) 503,785 501,103 499,410 499,744 495,126 496,391 - -
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
20.65x3.16x10.45x2.83% 264B
20.14x3.86x9.43x2.89% 14.93B
10.67x1.04x4.97x-.--% 13.38B
16.57x1.64x10.72x2.34% 9.83B
13.44x2.06x8.74x2% 9.4B
12.87x1.63x7.11x6.52% 7.11B
16.7x1.01x9.43x2.11% 6.72B
11.38x0.46x2.75x4.33% 4.8B
Average 15.30x 1.86x 7.95x 2.88% 41.22B
Weighted average by Cap. 19.52x 2.91x 9.94x 2.77%

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