Laurent-Perrier S.A. (LPE.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

+251.0%

€269.58

vs €76.80 price

Levered DCF

€80.27

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

1.9

Grey zone

Rating

A-

Overall 4 / 5

Ratios by fiscal year

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

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	9.78×	12.29×	11.45×	12.02×	11.28×	18.59×	18.75×	23.85×
P/B	0.72×	0.93×	1.22×	1.29×	1.13×	1.04×	1.02×	1.31×
P/S	1.59×	1.98×	2.33×	2.28×	1.86×	2.41×	1.83×	2.2×
EV / EBITDA	8.05×	10.58×	9.01×	9.62×	9.37×	15.35×	15.34×	17.78×
Gross margin	56.6%	57.5%	61.4%	56.6%	50.8%	50.8%	48.8%	46.7%
Operating margin	25.3%	25.3%	30.4%	27.8%	25.1%	21.1%	16.6%	16.4%
Net margin	16.3%	16.1%	20.3%	19.0%	16.4%	12.9%	9.8%	9.2%
Current ratio	6.96×	5.36×	4.16×	6.14×	7.23×	8.19×	6.58×	6.43×
Debt / equity	0.38×	0.43×	0.4×	0.52×	0.69×	0.82×	0.83×	0.84×
Interest coverage	8.24×	6.7×	10.13×	14.66×	10.55×	5.8×	5.64×	5.53×
Dividend yield	2.5%	2.1%	1.6%	1.7%	1.0%	1.3%	1.6%	1.1%
Payout ratio	24.9%	26.2%	18.7%	20.2%	11.8%	24.1%	29.4%	26.9%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	7.4%	7.6%	10.6%	10.7%	10.0%	5.6%	5.4%	5.5%
Return on invested capital	5.8%	5.7%	7.9%	7.3%	6.1%	3.4%	3.2%	3.4%
Return on assets	4.5%	4.4%	6.3%	5.9%	5.0%	2.6%	2.5%	2.5%
Free cash flow yield	5.3%	-2.2%	-0.2%	8.1%	12.1%	0.7%	2.7%	-0.4%
Earnings yield	10.2%	8.1%	8.7%	8.3%	8.9%	5.4%	5.3%	4.2%
Enterprise value	€685.3M	€797.8M	€915.7M	€878M	€787.8M	€751.7M	€722.9M	€830.5M
Net debt / EBITDA	2.37×	2.85×	1.85×	1.91×	2.62×	5.75×	5.92×	6×
Cash conversion cycle (days)	1,758	1,771	1,696	1,390	1,219	2,019	1,482	1,321