Company Valuation: LVMH

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 366,252 340,700 366,368 317,588 319,356 204,784 - -
Change - -6.98% 7.53% -13.31% 0.56% -35.88% - -
Enterprise Value (EV) 1 375,859 368,547 397,039 348,731 346,923 228,521 225,060 221,526
Change - -1.95% 7.73% -12.17% -0.52% -34.13% -1.51% -1.57%
P/E 30.4x 24.3x 24.2x 25.3x 29.5x 18.5x 16.3x 14.7x
PBR 7.77x 6.19x 6.01x 4.7x 4.76x 2.88x 2.65x 2.45x
PEG - 1.4x 2.95x -1.5x -2.3x 6.43x 1.2x 1.4x
Capitalization / Revenue 5.7x 4.3x 4.25x 3.75x 3.95x 2.53x 2.4x 2.27x
EV / Revenue 5.85x 4.65x 4.61x 4.12x 4.29x 2.82x 2.64x 2.46x
EV / EBITDA 16.4x 13.5x 13.2x 12.7x 13.5x 9.31x 8.54x 7.86x
EV / EBIT 21.9x 17.5x 17.4x 17.8x 19.5x 12.9x 11.8x 10.7x
EV / FCF 27.8x 36.4x 49x 33.3x 30.6x 20.2x 17.6x 16.5x
FCF Yield 3.6% 2.74% 2.04% 3% 3.27% 4.96% 5.69% 6.08%
Dividend per Share 2 7 12 13 13 13 13.12 14.13 15.15
Rate of return 0.96% 1.76% 1.77% 2.05% 2.02% 3.16% 3.4% 3.65%
EPS 2 23.89 28.03 30.33 25.12 21.85 22.48 25.44 28.16
Distribution rate 29.3% 42.8% 42.9% 51.8% 59.5% 58.4% 55.5% 53.8%
Net sales 1 64,215 79,184 86,153 84,683 80,807 81,013 85,192 90,164
EBITDA 1 22,981 27,281 29,979 27,367 25,756 24,557 26,354 28,177
EBIT 1 17,151 21,055 22,802 19,571 17,755 17,703 19,122 20,645
Net income 1 12,036 14,084 15,174 12,550 10,878 11,248 12,616 13,966
Net Debt 1 9,607 27,847 30,671 31,143 27,567 23,737 20,276 16,742
Reference price 2 727.00 679.90 733.60 635.50 645.00 415.30 415.30 415.30
Nbr of stocks (in thousands) 503,785 501,103 499,410 499,744 495,126 493,099 - -
Announcement Date 1/27/22 A 1/26/23 A 1/25/24 A 1/28/25 A 1/27/26 A - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
18.48x2.82x9.31x3.16% 238B
18.34x2.42x12.24x1.14% 20.2B
18.71x3.58x8.84x3.12% 14.11B
10.28x0.89x4.55x-.--% 10.96B
17.78x2.05x8.08x2.1% 8.96B
13.09x1.33x8.72x2.96% 7.76B
10.19x1.33x5.81x7.67% 6.47B
Average 15.26x 2.06x 8.22x 2.88% 43.73B
Weighted average by Cap. 17.85x 2.67x 9.18x 2.97%

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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