We are increasing our fair value estimate for wide-moat Essilorluxottica to EUR 173 on back of solid first-half results. Markets are reacting strongly to the results and to speculation of Meta being interested in buying a stake in Essilorluxottica, its partner in smart eyewear technology.
EssilorLuxottica is the leader in the fragmented eyewear industry, more than twice the size of the next-biggest player, which allows manufacturing at scale.
As a serial acquirer EssilorLuxottica faces operational risk when integrating targets.
|
Metric
|
EL
|
COO
|
|---|---|---|
Price/Earnings (Normalized) | 28.16 | 27.37 |
Price/Book Value | 2.28 | 2.38 |
Price/Sales | 3.40 | 4.99 |
Price/Cash Flow | 16.19 | 20.27 |
|
Metric
|
EL
|
COO
|
|---|---|---|
Quick Ratio | 0.63 | 0.84 |
Current Ratio | 1.00 | 1.95 |
Interest Coverage | 15.90 | 5.25 |
|
Metric
|
EL
|
COO
|
|---|---|---|
Return on Assets (Normalized) | 4.87% | 2.88% |
Return on Equity (Normalized) | 7.79% | 4.48% |
Return on Invested Capital (Normalized) | 6.03% | 4.10% |
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1-Day Chart
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Name
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Price
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Morningstar Rating for Stocks
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Capital Allocation
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Economic Moat
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Market Cap
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