Company Valuation: LVMH

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 366,252 340,700 366,368 317,588 319,356 195,686 - -
Change - -6.98% 7.53% -13.31% 0.56% -38.72% - -
Enterprise Value (EV) 1 375,859 368,547 397,039 348,731 346,923 217,238 213,601 209,862
Change - -1.95% 7.73% -12.17% -0.52% -37.38% -1.67% -1.75%
P/E 30.4x 24.3x 24.2x 25.3x 29.5x 17.8x 16x 14.5x
PBR 7.77x 6.19x 6.01x 4.7x 4.76x 2.75x 2.54x 2.35x
PEG - 1.4x 2.95x -1.5x -2.3x 8.87x 1.4x 1.4x
Capitalization / Revenue 5.7x 4.3x 4.25x 3.75x 3.95x 2.42x 2.31x 2.2x
EV / Revenue 5.85x 4.65x 4.61x 4.12x 4.29x 2.69x 2.53x 2.35x
EV / EBITDA 16.4x 13.5x 13.2x 12.7x 13.5x 8.9x 8.19x 7.56x
EV / EBIT 21.9x 17.5x 17.4x 17.8x 19.5x 12.4x 11.3x 10.4x
EV / FCF 27.8x 36.4x 49x 33.3x 30.6x 19.1x 16.9x 15.9x
FCF Yield 3.6% 2.74% 2.04% 3% 3.27% 5.22% 5.91% 6.28%
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% 3.29% 3.53% 3.75%
EPS 2 23.89 28.03 30.33 25.12 21.85 22.29 24.79 27.41
Distribution rate 29.3% 42.8% 42.9% 51.8% 59.5% 58.7% 56.5% 54.3%
Net sales 1 64,215 79,184 86,153 84,683 80,807 80,735 84,566 89,143
EBITDA 1 22,981 27,281 29,979 27,367 25,756 24,405 26,066 27,776
EBIT 1 17,151 21,055 22,802 19,571 17,755 17,558 18,822 20,184
Net income 1 12,036 14,084 15,174 12,550 10,878 11,194 12,410 13,689
Net Debt 1 9,607 27,847 30,671 31,143 27,567 21,552 17,915 14,176
Reference price 2 727.00 679.90 733.60 635.50 645.00 396.85 396.85 396.85
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
Average
Weighted average by Cap.

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