Company Valuation: Lindt

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 29,923 21,980 23,697 23,214 26,775 21,250 - -
Change - -26.54% 7.81% -2.04% 15.34% -20.64% - -
Enterprise Value (EV) 1 30,217 22,552 24,640 23,863 27,872 22,089 22,011 21,939
Change - -25.37% 9.26% -3.15% 16.8% -20.75% -0.35% -0.33%
P/E Ratio 60.5x 39.8x 35.7x 34.5x 37.1x 28.9x 26.4x 24.4x
PBR 5.6x 5.09x 5.63x 4.79x 5.44x 4.21x 4.06x 3.9x
PEG - 2.2x 1.8x 25.55x 4.5x 10.48x 2.79x 2.97x
Capitalization / Revenue 6.53x 4.42x 4.56x 4.25x 4.53x 3.5x 3.32x 3.13x
EV / Revenue 6.59x 4.54x 4.74x 4.36x 4.71x 3.64x 3.44x 3.23x
EV / EBITDA 32.8x 22.2x 22.5x 20.2x 21.9x 16.8x 15.6x 14.5x
EV / EBIT 46.9x 30.3x 30.3x 27x 28.7x 21.9x 20.2x 18.6x
EV / FCF 51.6x 42.9x 51.6x 27.4x 148x 28.9x 28.8x 27.7x
FCF Yield 1.94% 2.33% 1.94% 3.65% 0.67% 3.46% 3.48% 3.61%
Dividend per Share 2 1,200 1,300 1,400 1,500 1,800 1,858 1,998 2,142
Rate of return 0.98% 1.37% 1.37% 1.5% 1.55% 2% 2.15% 2.3%
EPS 2 2,019 2,387 2,859 2,898 3,137 3,223 3,528 3,818
Distribution rate 59.4% 54.5% 49% 51.8% 57.4% 57.7% 56.6% 56.1%
Net sales 1 4,586 4,970 5,201 5,468 5,916 6,064 6,392 6,790
EBITDA 1 921.5 1,018 1,094 1,182 1,271 1,314 1,415 1,517
EBIT 1 644.9 744.6 813.1 884.2 971 1,007 1,092 1,178
Net income 1 490.5 569.7 671.4 672.3 727.2 745.3 808.2 870.3
Net Debt 1 294.7 571.3 943.3 649.4 1,096 838.8 760.9 689
Reference price 2 122,200.00 95,000.00 102,000.00 100,000.00 116,400.00 93,000.00 93,000.00 93,000.00
Nbr of stocks (in thousands) 241 232 233 231 230 230.3 - -
Announcement Date 8/3/22 7/3/23 5/3/24 4/3/25 10/3/26 - - -
1CHF in Million2CHF
Estimates

P/E Ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
31.26x0.68x10.35x2.6% 7.81B
17.62x1.66x10.46x3.09% 1.49B
11.54x0.84x5.98x2.57% 1.33B
8.72x - - 3.35% 758M
13.7x0.77x6.74x4.03% 446M
Average 16.57x 0.99x 8.38x 3.13% 2.37B
Weighted average by Cap. 25.23x 0.83x 9.69x 2.76%

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

LAST HOURS | 40% Discount: The Best Subscriber-Only Tools to Unlock Hidden Opportunities!
d
:
:
SEIZE THE OFFER!