Company Valuation: LVMH

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 366,252 340,700 366,368 317,588 319,356 187,821 - -
Change - -6.98% 7.53% -13.31% 0.56% -41.19% - -
Enterprise Value (EV) 1 375,859 368,547 397,039 348,731 346,923 209,804 206,299 202,567
Change - -1.95% 7.73% -12.17% -0.52% -39.52% -1.67% -1.81%
P/E 30.4x 24.3x 24.2x 25.3x 29.5x 17.2x 15.6x 14.3x
PBR 7.77x 6.19x 6.01x 4.7x 4.76x 2.65x 2.45x 2.28x
PEG - 1.4x 2.95x -1.5x -2.3x 11.03x 1.59x 1.48x
Capitalization / Revenue 5.7x 4.3x 4.25x 3.75x 3.95x 2.33x 2.23x 2.12x
EV / Revenue 5.85x 4.65x 4.61x 4.12x 4.29x 2.6x 2.44x 2.28x
EV / EBITDA 16.4x 13.5x 13.2x 12.7x 13.5x 8.57x 7.93x 7.33x
EV / EBIT 21.9x 17.5x 17.4x 17.8x 19.5x 12x 11x 10.1x
EV / FCF 27.8x 36.4x 49x 33.3x 30.6x 18.5x 16.3x 15.4x
FCF Yield 3.6% 2.74% 2.04% 3% 3.27% 5.41% 6.12% 6.51%
Dividend per Share 2 7 12 13 13 13 13.09 13.95 14.75
Rate of return 0.96% 1.76% 1.77% 2.05% 2.02% 3.44% 3.66% 3.87%
EPS 2 23.89 28.03 30.33 25.12 21.85 22.19 24.37 26.73
Distribution rate 29.3% 42.8% 42.9% 51.8% 59.5% 59% 57.2% 55.2%
Net sales 1 64,215 79,184 86,153 84,683 80,807 80,665 84,376 88,736
EBITDA 1 22,981 27,281 29,979 27,367 25,756 24,469 26,017 27,641
EBIT 1 17,151 21,055 22,802 19,571 17,755 17,536 18,708 19,977
Net income 1 12,036 14,084 15,174 12,550 10,878 11,168 12,247 13,404
Net Debt 1 9,607 27,847 30,671 31,143 27,567 21,983 18,477 14,746
Reference price 2 727.00 679.90 733.60 635.50 645.00 380.90 380.90 380.90
Nbr of stocks (in thousands) 503,785 501,103 499,410 499,744 495,126 493,099 - -
Announcement Date 27/01/22 26/01/23 25/01/24 28/01/25 27/01/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
17.16x2.6x8.57x3.44% 211B
29.28x7.26x16.05x1.53% 151B
25.02x4.01x14.12x2.29% 124B
64.1x4.57x42.65x0.4% 42.4B
11.49x1.73x5.97x4.02% 26.11B
19.77x2.59x13.16x1.06% 21.78B
10.38x1.18x7.65x7.04% 13.72B
18.58x3.54x8.76x3.13% 13.35B
Average 24.48x 3.44x 14.62x 2.86% 75.31B
Weighted average by Cap. 24.84x 4.15x 14.02x 2.52%

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