Financial Figures & Dividend Attractiveness
- Current Price: EUR 493.90 (as of April 2025) following a decline of ~6.9% due to Q1 revenue drop.
- Dividend: Payout of EUR 2.78 per share with a yield of 2.29% and moderate payout ratio (51.58%).
- Valuation: Trailing P/E ratio of 20.90 / Forward P/E of 17.33 – potentially undervalued compared to historical levels.
Regional Sales Developments
| Region | Q1 2025 Performance | Drivers/Risks |
|---|---|---|
| Europe | Growth | Stable demand despite inflation |
| USA | Slight decline | Segment mix: Fashion & Leather Goods stable |
| Japan | Significant year-over-year decline | Base effect after strong Q1/2024 |
| Asia | Stable compared to last year | China remains key market |
Challenges & Opportunities
- Geopolitical Risks: Trade conflicts and currency fluctuations are straining global supply chains.
- Brand Portfolio: Diversification across wine/spirits to luxury watches offers resilience against sector risks.
- Innovation Pressure: Sustainability initiatives and digitalization (e.g., Metaverse collections) as growth levers.
Analyst Assessments
The average price target forecast is EUR 660–689 (+35–40% upside), with recent sales drops in key markets making short-term corrections likely. Long-term, LVMH remains a core investment for defensive portfolios due to its market power in the luxury goods industry – provided that management addresses regional imbalances through targeted marketing and pricing management.