Company Valuation: LVMH

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 366,252 340,700 366,368 317,588 319,356 211,589 - -
Change - -6.98% 7.53% -13.31% 0.56% -33.75% - -
Enterprise Value (EV) 1 375,859 368,547 397,039 348,731 346,923 235,365 231,928 228,409
Change - -1.95% 7.73% -12.17% -0.52% -32.16% -1.46% -1.52%
P/E 30.4x 24.3x 24.2x 25.3x 29.5x 19.1x 16.9x 15.3x
PBR 7.77x 6.19x 6.01x 4.7x 4.76x 2.98x 2.74x 2.54x
PEG - 1.4x 2.95x -1.5x -2.3x 6.59x 1.3x 1.4x
Capitalization / Revenue 5.7x 4.3x 4.25x 3.75x 3.95x 2.61x 2.48x 2.35x
EV / Revenue 5.85x 4.65x 4.61x 4.12x 4.29x 2.91x 2.72x 2.53x
EV / EBITDA 16.4x 13.5x 13.2x 12.7x 13.5x 9.63x 8.83x 8.11x
EV / EBIT 21.9x 17.5x 17.4x 17.8x 19.5x 13.3x 12.1x 11.1x
EV / FCF 27.8x 36.4x 49x 33.3x 30.6x 20.5x 17.7x 16.6x
FCF Yield 3.6% 2.74% 2.04% 3% 3.27% 4.88% 5.66% 6.04%
Dividend per Share 2 7 12 13 13 13 13.09 14.12 15.16
Rate of return 0.96% 1.76% 1.77% 2.05% 2.02% 3.05% 3.29% 3.53%
EPS 2 23.89 28.03 30.33 25.12 21.85 22.48 25.41 28.13
Distribution rate 29.3% 42.8% 42.9% 51.8% 59.5% 58.2% 55.6% 53.9%
Net sales 1 64,215 79,184 86,153 84,683 80,807 80,923 85,193 90,204
EBITDA 1 22,981 27,281 29,979 27,367 25,756 24,436 26,256 28,178
EBIT 1 17,151 21,055 22,802 19,571 17,755 17,662 19,129 20,658
Net income 1 12,036 14,084 15,174 12,550 10,878 11,220 12,605 13,951
Net Debt 1 9,607 27,847 30,671 31,143 27,567 23,776 20,339 16,820
Reference price 2 727.00 679.90 733.60 635.50 645.00 429.10 429.10 429.10
Nbr of stocks (in thousands) 503,785 501,103 499,410 499,744 495,126 493,099 - -
Announcement Date 1/27/22 1/26/23 1/25/24 1/28/25 1/27/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
19.09x2.91x9.63x3.05% 246B
19x2.5x12.67x1.1% 20.93B
19.21x3.68x9.06x3.03% 14.49B
10.08x0.9x4.65x-.--% 11.14B
19.61x2.21x8.68x1.9% 9.89B
13.67x1.38x9.05x2.84% 8.1B
10.18x1.33x5.79x7.68% 6.45B
Average 15.83x 2.13x 8.50x 2.8% 45.27B
Weighted average by Cap. 18.47x 2.75x 9.51x 2.87%

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