Company Valuation: LVMH

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 366,252 340,700 366,368 317,588 319,356 198,620 - -
Change - -6.98% 7.53% -13.31% 0.56% -37.81% - -
Enterprise Value (EV) 1 375,859 368,547 397,039 348,731 346,923 222,358 218,896 215,362
Change - -1.95% 7.73% -12.17% -0.52% -35.91% -1.56% -1.61%
P/E 30.4x 24.3x 24.2x 25.3x 29.5x 18x 16.1x 14.4x
PBR 7.77x 6.19x 6.01x 4.7x 4.76x 2.79x 2.57x 2.39x
PEG - 1.4x 2.95x -1.5x -2.3x 7.41x 1.3x 1.3x
Capitalization / Revenue 5.7x 4.3x 4.25x 3.75x 3.95x 2.46x 2.34x 2.22x
EV / Revenue 5.85x 4.65x 4.61x 4.12x 4.29x 2.75x 2.58x 2.4x
EV / EBITDA 16.4x 13.5x 13.2x 12.7x 13.5x 9.1x 8.39x 7.74x
EV / EBIT 21.9x 17.5x 17.4x 17.8x 19.5x 12.6x 11.6x 10.6x
EV / FCF 27.8x 36.4x 49x 33.3x 30.6x 19.6x 17.1x 16.1x
FCF Yield 3.6% 2.74% 2.04% 3% 3.27% 5.1% 5.84% 6.23%
Dividend per Share 2 7 12 13 13 13 13.08 14.05 15.01
Rate of return 0.96% 1.76% 1.77% 2.05% 2.02% 3.25% 3.49% 3.73%
EPS 2 23.89 28.03 30.33 25.12 21.85 22.38 25.08 27.88
Distribution rate 29.3% 42.8% 42.9% 51.8% 59.5% 58.4% 56% 53.8%
Net sales 1 64,215 79,184 86,153 84,683 80,807 80,855 84,826 89,593
EBITDA 1 22,981 27,281 29,979 27,367 25,756 24,436 26,101 27,817
EBIT 1 17,151 21,055 22,802 19,571 17,755 17,612 18,934 20,383
Net income 1 12,036 14,084 15,174 12,550 10,878 11,226 12,545 13,907
Net Debt 1 9,607 27,847 30,671 31,143 27,567 23,737 20,276 16,742
Reference price 2 727.00 679.90 733.60 635.50 645.00 402.80 402.80 402.80
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.($)
18x2.75x9.1x3.25% 228B
18.13x2.39x12.11x1.15% 19.97B
18.25x3.48x8.59x3.2% 13.49B
10.18x0.88x4.48x-.--% 10.86B
17.24x2.01x7.9x2.16% 8.69B
12.87x1.31x8.59x3.01% 7.63B
9.57x1.24x5.41x8.16% 6.08B
Average 14.89x 2.01x 8.03x 2.99% 42.07B
Weighted average by Cap. 17.40x 2.60x 8.99x 3.05%

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

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