Projected Income Statement: L'Oréal

Forecast Balance Sheet: L'Oréal

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 -4,435 -5,541 -1,033 3,033 4,404 4,443 -311 -3,215
Change - -224.94% -118.64% 193.61% 45.2% 0.89% -108.42% -1,133.76%
Announcement Date 2/6/20 2/11/21 2/9/22 2/9/23 2/8/24 2/6/25 - -
1EUR in Million
Estimates

Cash Flow Forecast: L'Oréal

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
CAPEX 1 1,231 972.4 1,075 1,334 1,476 1,628 1,754 1,835
Change - -21.01% 10.57% 24.07% 10.64% 10.31% 5.6% 4.66%
Free Cash Flow (FCF) 1 5,032 5,481 5,653 4,944 6,129 6,658 7,196 7,934
Change - 8.93% 3.14% -12.54% 23.95% 8.63% 11.77% 10.25%
Announcement Date 2/6/20 2/11/21 2/9/22 2/9/23 2/8/24 2/6/25 - -
1EUR in Million
Estimates

Forecast Financial Ratios: L'Oréal

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026

Profitability

        
EBITDA Margin (%) 25.13% 25.85% 24.6% 23.5% 23.94% 24.24% 23.86% 24.05%
EBIT Margin (%) 18.57% 18.61% 19.08% 19.49% 19.77% 19.98% 20.21% 20.54%
EBT Margin (%) 18.11% 17.06% 18.73% 19.89% 19.43% 19.39% 19.98% 20.6%
Net margin (%) 12.55% 12.73% 14.24% 14.92% 15.02% 14.74% 15.18% 15.63%
FCF margin (%) 16.84% 19.58% 17.51% 12.92% 14.88% 15.31% 15.72% 16.41%
FCF / Net Income (%) 134.18% 153.81% 122.97% 86.64% 99.11% 103.89% 103.55% 104.97%

Profitability

        
ROA 9.12% 9.38% 10.61% 12.7% 12.53% 11.85% 11.98% 12.69%
ROE 15.46% 14.03% 17.49% 22.48% 21.99% 20.6% 20.28% 20.14%

Financial Health

        
Leverage (Debt/EBITDA) - - - 0.34x 0.45x 0.42x - -
Debt / Free cash flow - - - 0.61x 0.72x 0.67x - -

Capital Intensity

        
CAPEX / Current Assets (%) 4.12% 3.47% 3.33% 3.49% 3.58% 3.74% 3.83% 3.8%
CAPEX / EBITDA (%) 16.4% 13.44% 13.54% 14.83% 14.97% 15.44% 16.06% 15.78%
CAPEX / FCF (%) 24.46% 17.74% 19.02% 26.98% 24.08% 24.45% 24.37% 23.13%

Items per share

        
Cash flow per share 1 11.13 11.49 12.02 11.68 14.16 15.46 16.34 17.29
Change - 3.26% 4.6% -2.84% 21.27% 9.15% 9.22% 5.81%
Dividend per Share 1 4.25 4 4.8 6 6.6 6.667 7.321 7.936
Change - -5.88% 20% 25% 10% 1.02% 7.59% 8.4%
Book Value Per Share 1 52.27 51.62 42.13 50.78 54.14 61.96 66.35 72.78
Change - -1.24% -18.38% 20.53% 6.61% 14.45% 12.18% 9.7%
EPS 1 6.66 6.34 8.21 10.61 11.52 11.95 12.97 14.12
Change - -4.8% 29.5% 29.23% 8.58% 3.73% 8.95% 8.89%
Nbr of stocks (in thousands) 558,089 559,857 557,672 535,187 534,725 534,312 534,312 534,312
Announcement Date 2/6/20 2/11/21 2/9/22 2/9/23 2/8/24 2/6/25 - -
1EUR
Estimates
2024 2025 *
P/E ratio 28.6x 26.4x
PBR 5.52x 5.16x
EV / Sales 4.31x 3.99x
Yield 1.95% 2.14%
More valuation ratios * Estimated data

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Trading Rating
Investor Rating
ESG MSCI
AA
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
25
Last Close Price
342.25EUR
Average target price
385.08EUR
Spread / Average Target
+12.51%
Consensus

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Equities
  3. OR Stock
  4. Financials L'Oréal