Company Valuation: COMPAGNIE FINANCIERE RICHEMONT

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 65,897 84,028 83,061 94,508 88,078 118,055 - -
Change - 27.51% -1.15% 13.78% -6.8% 34.03% - -
Enterprise Value (EV) 1 67,278 84,880 75,611 86,251 79,582 108,950 107,807 106,134
Change - 26.16% -10.92% 14.07% -7.73% 36.9% -1.05% -1.55%
P/E 31.9x 271x 34.7x 34.3x 25.4x 26.6x 23.2x 20.6x
PBR 3.02x 4.04x 3.99x 4.27x 3.67x 4.55x 4.17x 3.82x
PEG - -3.2x 0x 2.4x 1x 1x 1.6x 1.7x
Capitalization / Revenue 3.44x 4.21x 4.03x 4.42x 3.93x 4.68x 4.36x 4.07x
EV / Revenue 3.51x 4.25x 3.67x 4.03x 3.55x 4.32x 3.99x 3.66x
EV / EBITDA 13.6x 13.1x 12.1x 14.3x 13x 15.2x 13.4x 12x
EV / EBIT 19.8x 16.9x 15.8x 19.3x 17.7x 19.9x 17.2x 15.1x
EV / FCF 17.6x 23.4x 19.8x 25.3x 20.3x 31x 23.2x 20.5x
FCF Yield 5.69% 4.28% 5.06% 3.95% 4.92% 3.23% 4.31% 4.88%
Dividend per Share 2 2.186 2.566 2.787 3.206 3.621 4.295 4.8 5.314
Rate of return 1.9% 1.74% 1.97% 2% 2.42% 2.14% 2.39% 2.65%
EPS 2 3.611 0.543 4.077 4.671 5.909 7.544 8.655 9.732
Distribution rate 60.5% 473% 68.4% 68.6% 61.3% 56.9% 55.5% 54.6%
Net sales 1 19,181 19,953 20,616 21,399 22,420 25,203 27,047 28,980
EBITDA 1 4,943 6,504 6,226 6,027 6,101 7,166 8,022 8,808
EBIT 1 3,390 5,031 4,794 4,467 4,492 5,481 6,271 7,020
Net income 1 2,074 313 2,362 2,751 3,484 4,394 5,057 5,635
Net Debt 1 1,381 852 -7,450 -8,257 -8,496 -9,105 -10,248 -11,921
Reference price 2 115.35 147.14 141.34 160.09 149.81 200.66 200.66 200.66
Nbr of stocks (in thousands) 571,280 571,057 587,682 590,354 587,940 588,340 - -
Announcement Date 20/5/22 12/5/23 17/5/24 16/5/25 22/5/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
26.6x4.32x15.2x2.14% 137B
70.14x4.99x46.62x0.37% 47.1B
13.53x2.24x7.23x2.36% 9.52B
11.21x0.18x2.73x5.33% 2.14B
22.36x - - - 2.01B
8.48x - - 6.28% 1.73B
11.19x1.31x6.45x6.9% 1.74B
53.12x - - 1.74% 1.5B
42.16x - - - 1.27B
Average 28.76x 2.61x 15.65x 3.59% 22.65B
Weighted average by Cap. 35.85x 4.31x 22.10x 1.84%

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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  5. Valuation COMPAGNIE FINANCIERE RICHEMONT