Company Valuation: LVMH

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 366,252 340,700 366,368 317,588 319,356 241,246 - -
Change - -6.98% 7.53% -13.31% 0.56% -24.46% - -
Enterprise Value (EV) 1 375,859 368,547 397,039 348,731 346,923 264,900 260,701 256,276
Change - -1.95% 7.73% -12.17% -0.52% -23.64% -1.59% -1.7%
P/E ratio 30.4x 24.3x 24.2x 25.3x 29.5x 21.6x 18.9x 17x
PBR 7.77x 6.19x 6.01x 4.7x 4.76x 3.37x 3.1x 2.86x
PEG - 1.4x 2.95x -1.5x -2.3x 7.17x 1.3x 1.5x
Capitalization / Revenue 5.7x 4.3x 4.25x 3.75x 3.95x 2.98x 2.83x 2.66x
EV / Revenue 5.85x 4.65x 4.61x 4.12x 4.29x 3.27x 3.05x 2.83x
EV / EBITDA 16.4x 13.5x 13.2x 12.7x 13.5x 10.8x 9.72x 8.97x
EV / EBIT 21.9x 17.5x 17.4x 17.8x 19.5x 14.9x 13.4x 12.2x
EV / FCF 27.8x 36.4x 49x 33.3x 30.6x 20.6x 19.9x 17.6x
FCF Yield 3.6% 2.74% 2.04% 3% 3.27% 4.85% 5.04% 5.69%
Dividend per Share 2 7 12 13 13 13 13.02 14.21 15.59
Rate of return 0.96% 1.76% 1.77% 2.05% 2.02% 2.68% 2.92% 3.21%
EPS 2 23.89 28.03 30.33 25.12 21.85 22.51 25.67 28.57
Distribution rate 29.3% 42.8% 42.9% 51.8% 59.5% 57.9% 55.4% 54.6%
Net sales 1 64,215 79,184 86,153 84,683 80,807 80,984 85,378 90,687
EBITDA 1 22,981 27,281 29,979 27,367 25,756 24,641 26,821 28,573
EBIT 1 17,151 21,055 22,802 19,571 17,755 17,806 19,390 21,003
Net income 1 12,036 14,084 15,174 12,550 10,878 11,356 12,828 14,089
Net Debt 1 9,607 27,847 30,671 31,143 27,567 23,654 19,455 15,030
Reference price 2 727.00 679.90 733.60 635.50 645.00 486.00 486.00 486.00
Nbr of stocks (in thousands) 503,785 501,103 499,410 499,744 495,126 496,391 - -
Announcement Date 27/01/22 26/01/23 25/01/24 28/01/25 27/01/26 - - -
1EUR in Million2EUR
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
21.59x3.27x10.75x2.68% 284B
25.42x2.99x15.91x0.91% 23.41B
13.53x1.5x6.76x-.--% 19.27B
24.33x4.58x11.37x2.31% 18.38B
14.03x2.35x9.91x1.67% 11.23B
15.25x1.51x9.94x2.47% 8.98B
25.76x1.26x13.04x1.68% 8.41B
18.17x1.21x6.98x2.73% 7.05B
11.53x1.44x6.3x7.27% 6.38B
Average 18.85x 2.24x 10.11x 2.41% 42.96B
Weighted average by Cap. 21.05x 3.05x 10.76x 2.44%

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