TGM's two-stage DCF values LVMH Moët Hennessy - Louis Vuitton, Société Européenne (LVMUY) between $98.57 and $185.77 depending on assumptions, with a base case of $133.23. Growth is taken from the company's own record (blend of 5-year revenue and FCF growth), fading to 2.5% long-run; the discount rate (8.3%) reflects its beta.
What would today's price require?
$104.18 is justified only if free cash flow grows about +5.0% a year (fading to 2.5% long-run) at a 8.3% required return — slower than the company has actually grown.
| Scenario | FCF growth (fading to 2.5%) | Discount | Value / share |
|---|---|---|---|
| Conservative | 7.7%/yr | 9.3% | $98.57 |
| Base case | 10.7%/yr | 8.3% | $133.23 |
| Optimistic | 13.7%/yr | 7.3% | $185.77 |
| Third-party model estimate (FMP) | independent reference · retrieved Aug 28, 2026 · assumptions not provided | $92.57 | |
The FMP figure is a third-party point estimate. Its cash-flow forecast, discount rate, terminal growth, and valuation date are not included in the stored response, so TGMCharts presents it only as a reference—not as an intrinsic-value conclusion or price target.
Current Price
$104.18
Market-Implied Growth
+5.0%/yr
vs +10.5% 5Y actual
Model Scenario Range
$98.57 – $185.77
model output — not a price target
Edit the assumptions to see how they change the estimated fair value. Opens seeded with TGM's data-driven base case for LVMUY (growth from its own 5-year record, discount from its beta), so the sandbox starts where the scenarios above leave off. Illustrative model — not investment advice.
Base inputs: FCF $13.7B · 2.47B shares · net debt $13.6B
Estimated Fair Value
$133.23
+27.9% vs $104.18
How the estimated fair value shifts with the discount rate (WACC) and terminal growth, holding your 10.7%/yr FCF growth and 10-year horizon fixed. Green = above today's $104.18; red = below. Your current case is outlined.
| WACC ↓ / Terminal → | 1.50% | 2.00% | 2.50% | 3.00% | 3.50% |
|---|---|---|---|---|---|
| 6.3% | $169 | $187 | $209 | $238 | $278 |
| 7.3% | $138 | $150 | $163 | $180 | $202 |
| 8.3% | $116 | $124 | $133 | $144 | $158 |
| 9.3% | $99.63 | $105 | $112 | $120 | $129 |
| 10.3% | $87.01 | $91.36 | $96.26 | $102 | $108 |
