Christian Dior SE (CDI.PA) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+169.5%

€1,142.51

vs €424.00 price

Levered DCF

€1,819.61

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

1.78

Distress zone

Rating

B+

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	23.72×	20.96×	20.25×	21.2×	26.62×	42.45×	28.04×	23.35×
P/B	4.38×	4.49×	5.93×	6.45×	8.57×	7.28×	7.57×	4.22×
P/S	1.33×	1.29×	1.48×	1.55×	2.05×	1.84×	1.53×	1.28×
EV / EBITDA	5.3×	5.25×	5.54×	5.53×	7.03×	7.63×	6.17×	5.42×
Gross margin	66.2%	67.0%	68.8%	68.4%	68.3%	64.5%	66.2%	66.6%
Operating margin	21.9%	22.3%	26.2%	26.5%	26.7%	17.8%	21.0%	21.1%
Net margin	5.6%	6.1%	7.3%	7.3%	7.7%	4.3%	5.5%	5.5%
Current ratio	1.59×	1.41×	1.32×	1.27×	1.23×	1.57×	1.19×	1.7×
Debt / equity	1.5×	1.68×	1.81×	1.85×	2.27×	3.36×	2.35×	0.83×
Interest coverage	15.34×	15.92×	23.16×	54.82×	70.84×	19.53×	24.91×	57.75×
Dividend yield	6.4%	2.1%	1.8%	1.8%	1.0%	1.0%	7.8%	1.6%
Payout ratio	151.8%	45.0%	35.8%	37.3%	25.5%	42.9%	217.4%	37.8%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	18.5%	21.4%	29.3%	30.4%	32.2%	17.2%	27.0%	18.1%
Return on invested capital	9.9%	10.7%	13.7%	14.2%	12.0%	5.8%	10.2%	11.8%
Return on assets	3.3%	3.6%	4.5%	4.4%	4.0%	1.8%	3.1%	3.3%
Free cash flow yield	14.0%	12.3%	8.3%	10.5%	11.7%	10.3%	10.1%	9.0%
Earnings yield	4.2%	4.8%	4.9%	4.7%	3.8%	2.4%	3.6%	4.3%
Enterprise value	€135.2B	€140.1B	€158.6B	€150.4B	€158.4B	€99.5B	€101.9B	€63.4B
Net debt / EBITDA	1.09×	1.16×	1.08×	1.01×	1.19×	1.34×	1.18×	0.28×
Cash conversion cycle (days)	221	221	212	192	196	225	192	193