Company Valuation: LVMH

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 366,252 340,700 366,368 317,588 319,356 187,131 - -
Change - -6.98% 7.53% -13.31% 0.56% -41.4% - -
Enterprise Value (EV) 1 375,859 368,547 397,039 348,731 346,923 208,683 205,046 201,307
Change - -1.95% 7.73% -12.17% -0.52% -39.85% -1.74% -1.82%
P/E 30.4x 24.3x 24.2x 25.3x 29.5x 17.1x 15.4x 14x
PBR 7.77x 6.19x 6.01x 4.7x 4.76x 2.63x 2.43x 2.25x
PEG - 1.4x 2.95x -1.5x -2.3x 9.82x 1.4x 1.4x
Capitalization / Revenue 5.7x 4.3x 4.25x 3.75x 3.95x 2.32x 2.21x 2.1x
EV / Revenue 5.85x 4.65x 4.61x 4.12x 4.29x 2.58x 2.43x 2.26x
EV / EBITDA 16.4x 13.5x 13.2x 12.7x 13.5x 8.55x 7.89x 7.28x
EV / EBIT 21.9x 17.5x 17.4x 17.8x 19.5x 11.9x 10.9x 10x
EV / FCF 27.8x 36.4x 49x 33.3x 30.6x 18.4x 16.2x 15.3x
FCF Yield 3.6% 2.74% 2.04% 3% 3.27% 5.44% 6.16% 6.55%
Dividend per Share 2 7 12 13 13 13 13.08 14 14.89
Rate of return 0.96% 1.76% 1.77% 2.05% 2.02% 3.45% 3.69% 3.92%
EPS 2 23.89 28.03 30.33 25.12 21.85 22.23 24.63 27.18
Distribution rate 29.3% 42.8% 42.9% 51.8% 59.5% 58.8% 56.8% 54.8%
Net sales 1 64,215 79,184 86,153 84,683 80,807 80,730 84,491 88,984
EBITDA 1 22,981 27,281 29,979 27,367 25,756 24,403 26,004 27,669
EBIT 1 17,151 21,055 22,802 19,571 17,755 17,557 18,773 20,100
Net income 1 12,036 14,084 15,174 12,550 10,878 11,192 12,374 13,624
Net Debt 1 9,607 27,847 30,671 31,143 27,567 21,552 17,915 14,176
Reference price 2 727.00 679.90 733.60 635.50 645.00 379.50 379.50 379.50
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.($)
17.54x2.65x8.76x3.35% 218B
30.32x7.55x16.66x1.49% 159B
25.23x4.05x14.26x2.28% 126B
63.96x4.56x42.56x0.4% 42.5B
11.58x1.75x6.02x3.99% 26.28B
19.21x2.52x12.8x1.09% 21.16B
18.9x3.61x8.91x3.09% 13.79B
10.43x1.18x7.68x7.01% 13.78B
Average 24.65x 3.48x 14.71x 2.84% 77.64B
Weighted average by Cap. 25.23x 4.27x 14.21x 2.48%

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