olivLaw · European equity research
Laurent-Perrier LPE.PA
France · Euronext Paris · ISIN FR0006864484 · Vertical: Listed companies from France
Laurent-Perrier is a family-owned and independent Champagne house focused exclusively on high-end Champagne wines. In fiscal 2025-2026 the group raised its Champagne sales by 4.2% in a market where volumes declined, which highlights the resilience of its brands in a difficult trading environment.
At the close of 05 Nov 2026, Laurent-Perrier (LPE.PA) stock was 80.60 EUR (+2.81% on the day), with market capitalisation 472.5 m EUR, P/E 9.6 on diluted EPS of 8.43 EUR over the last 12 months, dividend yield 2.48%, beta 0.14, 52-week range 74.20–97.00 EUR.
Data as of · AI analysis dated · Source: ESEF annual reports and closing prices, computed by olivLaw.
Price history
Loading chart…
Technical reading
- RSI (14)
- 59.2
- strong (55–70)
- Bollinger (20, 2)
- 75.96 – 80.52
- above the upper band · %B 1.02 · band width 5.8%
- SMA 50 / 200
- 78.54 / 84.72
- mixed trend
- MACD (12, 26, 9)
- 0.07 / -0.19
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | EURO STOXX 50 | vs EURO STOXX 50 | Vertical median | |
|---|---|---|---|---|
| 1 month | +6.1% | −0.6% | +6.7 pp | — |
| 3 months | −5.4% | −4.2% | −1.2 pp | — |
| 6 months | −4.5% | +4.3% | −8.8 pp | — |
| Year to date | −9.6% | +7.5% | −17.2 pp | — |
| 1 year | −14.1% | +9.9% | −24.0 pp | −6.8% |
| 3 years | −32.8% | +49.8% | −82.7 pp | −15.9% |
| 5 years | −13.9% | +42.8% | −56.7 pp | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 0 percentile of its own 4-quarter history (min 9.8, median 11.6, max 12.3; quarters with earnings only).
Fiscal years
| Fiscal year | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Revenue | 307.8 m | 312.5 m | 294.4 m | 303.8 m |
| Revenue YoY | unavailable | +1.5% | −5.8% | +3.2% |
| Net income | 58.5 m | 63.6 m | 47.4 m | 49.5 m |
| Net income YoY | unavailable | +8.7% | −25.4% | +4.5% |
| Diluted EPS | 9.89 | 10.70 | 8.00 | 8.43 |
| Diluted EPS YoY | unavailable | +8.2% | −25.2% | +5.4% |
| net % | 19.0% | 20.3% | 16.1% | 16.3% |
| Free cash flow | unavailable | unavailable | unavailable | unavailable |
Balance sheet & financial health
Fiscal year 2026 · 31 Mar 2026
- Cash
- 54.3 m EUR
- Financial debt
- 254.0 m EUR
- Net debt
- 199.7 m EUR
- Equity
- 672.0 m EUR
- Total assets
- 1.1 bn EUR
- Debt / equity
- 0.38x
- Current ratio
- 6.96x
- ROE
- 7.6%
- ROA
- 4.5%
- FCF margin
- unavailable
Financial statements (source on every figure)
Revenue and net income (EUR)
Margins
Income statement · EUR
| Line | 2023 | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|---|
| Revenue | 307.8 m | 312.5 m | 294.4 m | 303.8 m | esef· 25 Jun 2026verified |
| Cost of revenue | 133.5 m | 120.8 m | 125.1 m | 131.7 m | esef· 25 Jun 2026verified |
| Gross profit | 174.4 m | 191.8 m | 169.4 m | 172.1 m | esef· 25 Jun 2026verified |
| Operating income | 84.9 m | 95.1 m | 74.4 m | 76.1 m | esef· 25 Jun 2026verified |
| Income tax | 19.8 m | 22.1 m | 16.6 m | 16.9 m | esef· 25 Jun 2026verified |
| Net income | 58.5 m | 63.6 m | 47.4 m | 49.5 m | esef· 25 Jun 2026verified |
| Diluted EPS | 9.89 | 10.70 | 8.00 | 8.43 | esef· 25 Jun 2026verified |
| Weighted average diluted shares | 5.9 m | 5.9 m | 5.9 m | 5.9 m | esef· 25 Jun 2026verified |
| Dividend per share | — | 2.00 | — | — | esef· 18 Jun 2024verified |
Balance sheet · EUR
| Line | 2023 | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|---|
| Cash | 106.9 m | 51.2 m | 56.9 m | 54.3 m | esef· 25 Jun 2026verified |
| Receivables | 26.9 m | 41.8 m | — | — | esef· 18 Jun 2024verified |
| Inventories | 592.8 m | 644.1 m | 679.3 m | 701.2 m | esef· 25 Jun 2026verified |
| Current assets | 745.3 m | 755.8 m | 812.8 m | 830.7 m | esef· 25 Jun 2026verified |
| Property, plant & equipment, net | 216.5 m | 224.2 m | — | — | esef· 18 Jun 2024verified |
| Goodwill | 26.0 m | 26.0 m | 26.0 m | 26.0 m | esef· 25 Jun 2026verified |
| Intangibles (excl. goodwill) | 3.6 m | 3.7 m | 3.7 m | 4.0 m | esef· 25 Jun 2026verified |
| Total assets | 996.0 m | 1.0 bn | 1.1 bn | 1.1 bn | esef· 25 Jun 2026verified |
| Long-term debt | 279.8 m | 180.0 m | 238.9 m | 254.0 m | esef· 25 Jun 2026verified |
| Current liabilities | 121.3 m | 181.8 m | 151.6 m | 119.4 m | esef· 25 Jun 2026verified |
| Total liabilities | 447.8 m | 412.4 m | 448.1 m | 430.1 m | esef· 25 Jun 2026verified |
| Equity | 548.2 m | 601.2 m | 630.9 m | 672.0 m | esef· 25 Jun 2026verified |
| Shares outstanding at year end | 5.9 m | 5.9 m | 5.9 m | 5.9 m | esef· 25 Jun 2026derived |
Cash flow · EUR
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
- score weight coverage: 47.9% of at least 60%
A scoring methodology on indicators and valuation, not investment advice.
Closing price
05 Nov 2026Source: olivLaw, closing series
Market cap: 472.5 m EUR
Key indicators
Coverage and freshness
Score by group
48% · Insufficient data
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 27.20 – 251.22 EUR.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (EUR per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)unavailable · input data missing
- Peers: EV/EBITDAunavailable · input data missing
- Peers: P/E93.50 – 251.22 (Mid 144.41)20 companies used · median multiple 17.1x · quartiles 11.1x – 29.8x74SW.PA, ABEO.PA, AC.PA, ADP.PA, AF.PA, AI.PA, ALBON.PA, ALCIS.PA, ALCLA.PA, ALFER.PA, ALHEX.PA, ALO.PA, ALPWG.PA, ALSOG.PA, ANTIN.PA, ARAMI.PA, ATE.PA, AUB.PA, AURE.PA, BB.PA
- Dividend discount (DDM)27.20 – 37.09 (Mid 31.38)
Assumptions (illustrative, editorial)
- Risk-free rate
- 3.0%
- Equity risk premium
- 5.5%
- Beta (default)
- 1.00
- Cost of equity
- 8.5%
- Terminal growth
- 2.0%
Factor scorecard
Insufficient data
Minimum-evidence gate: score weight coverage: 47.9% of at least 60%
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | 7.6% | 48 (vs peers) | 22% |
| Net margin · Quality | 16.3% | 95 (vs peers) | 13% |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | -0.4% | 0 (on a fixed band) | 17% |
| EPS CAGR 3Y · Growth | -5.2% | 0 (on a fixed band) | 17% |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | 7.0x | 100 (on a fixed band) | 9% |
| P/E (TTM) · Valuation | 9.6x | 83 (vs peers) | 22% |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | unavailable | unavailable | — |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partial100/100 · 1/3 factors with a value
- Growth0/100 · 2/2 factors with a value
- Quality65/100 · 2/3 factors with a value
- Returns· partialunavailable · 0/2 factors with a value
- Valuation· partial83/100 · 1/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
LAURENT-PERRIER (LPE.PA). Latest full fiscal year: 2026; data up to 2026-03-31.
Figures computed from the financial statements: revenue 303.8 m EUR in 2026; YoY growth 3.2%; net margin 16.3%; ROE 7.6%.
The estimated value range is 60.35–144.16 EUR per share (median of 2 methods, agreement: low); assumptions are illustrative. Against the central value of 87.90 EUR, the price of 80.60 EUR leaves a potential of 9.1% (value / price − 1) and a margin of safety of 8.3% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
Insufficient data for a verdict (score weight coverage: 47.9% of at least 60%).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Net margin: 16.3%
- Current ratio: 7.0x
- P/E (TTM): 9.6x
What contradicts it
- Revenue CAGR 3Y: -0.4%
- EPS CAGR 3Y: -5.2%
- The valuation methods diverge
Not assessed (insufficient data or a ratio without meaning): FCF conversion, Net debt / EBITDA, Interest coverage, EV/EBITDA, FCF yield, Shareholder yield (distributions), Payout ratio (FCF).
Versus the vertical median
Listed companies from France · same country · compared with 39 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| AI.PAL'air Liquide Societe Anonyme Pour L'etude Et L'exploitation Des Procedes Georges Claude | 109.3 bn | 33.2 | 12.9% | 12.2% | −2.0% | +26% / +32% |
| AC.PAAccor | 13.8 bn | 30.7 | 9.6% | 8.0% | +0.6% | +6% / +56% |
| ADP.PAAeroports De Paris | 11.7 bn | 34.1 | 7.8% | 5.6% | +12.1% | −7% / +4% |
| AKE.PAArkema | 7.1 bn | 115.4 | 0.9% | 0.7% | −5.0% | +12% / −37% |
| ALO.PAAlstom | 5.8 bn | 18.3 | 3.1% | 1.7% | +3.7% | −51% / −4% |
| AF.PAAir France - Klm | 4.3 bn | 13.6 | — | 1.0% | +4.8% | +20% / +9% |
| ATE.PAAlten | 3.1 bn | 29.5 | 4.8% | 2.6% | −1.1% | +33% / −29% |
| BB.PASociete Bic | 2.7 bn | 31.3 | 5.0% | 4.1% | −4.8% | +32% / +5% |
| ANTIN.PAAntin Infrastructure Partners | 1.4 bn | 13.0 | 21.9% | 36.6% | −8.1% | −24% / −35% |
| 74SW.PA74software | 792.7 m | 20.9 | 8.9% | 8.5% | +44.8% | −13% / +41% |
| AUB.PAAubay | 667.4 m | 17.8 | 13.6% | 6.3% | +11.3% | +3% / +45% |
| ASY.PAAssystem | 507.1 m | 69.9 | 2.5% | 1.1% | +7.4% | −19% / −18% |
| ATO.PAAtos Se | 483.0 m | — | -23,400.0% | -17.5% | −16.5% | −45% / −94% |
| LPE.PALaurent-Perrier | 472.5 m | 9.6 | 7.6% | 16.3% | +3.2% | −16% / −33% |
| ARAMI.PAAramis Group | 298.8 m | 15.0 | 10.0% | 0.8% | +6.3% | −33% / −16% |
| ARVEN.PAArverne Group | 246.1 m | — | -14.0% | -115.3% | +27.0% | +20% / −35% |
| BGO.PACompagnie Chargeurs Invest | 189.4 m | — | -8.6% | -5.7% | −2.9% | unavailable / unavailable |
| ALCIS.PACatering International & Services | 145.0 m | 28.4 | 9.3% | 1.9% | +5.8% | +39% / +107% |
| ALCGM.PACegedim | 144.6 m | — | -2.6% | -1.2% | +10.9% | −26% / −49% |
| ATEME.PAAteme | 144.0 m | 151.3 | 2.8% | 1.0% | +2.2% | +82% / +77% |
| ALHEX.PAHexaom | 144.0 m | 6.7 | 9.9% | 2.2% | +13.1% | −32% / +7% |
| ALBON.PACompagnie Lebon | 111.7 m | 16.5 | 4.2% | 8.8% | −17.9% | +6% / +8% |
| ALHYF.PALhyfe | 75.8 m | — | -33.4% | -570.5% | +287.2% | unavailable / unavailable |
| ALFER.PASergeferrari Group | 61.5 m | 11.5 | 5.1% | 1.5% | +7.4% | −33% / −27% |
| ABEO.PAAbeo | 60.8 m | 7.3 | 6.9% | 3.0% | +12.6% | −13% / −54% |
1- and 3-year price returns: for LPE.PA from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (EUR)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 45.38 Total return -44% · Per year -44% | 80.43 Total return -0% · Per year -0% | 121.43 Total return 51% · Per year 51% |
| 3 years | 39.78 Total return -51% · Per year -21% | 79.72 Total return -1% · Per year -0% | 132.75 Total return 65% · Per year 18% |
| 5 years | 34.86 Total return -57% · Per year -15% | 79.01 Total return -2% · Per year -0% | 145.12 Total return 80% · Per year 12% |
- Exit P/E± 19.93
- Net margin± 13.95
- Annual revenue growth± 12.02
- Annual dilution± 1.17
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
Laurent-Perrier is a family-owned and independent Champagne house focused exclusively on high-end Champagne wines. In fiscal 2025-2026 the group raised its Champagne sales by 4.2% 1 in a market where volumes declined, which highlights the resilience of its brands in a difficult trading environment.
SWOT
Strengths
- The group has a business model focused on a single domain, high-end Champagne, which allows specialisation and a clear allocation of resources 1.
- The financial structure is solid, with a gearing that improved on the previous year and positive operating cash flow generation 1.
- Grape sourcing quality is above the profession average, thanks to durable relationships with independent growers 1.
Weaknesses
- Dependence on export exposes the group to currency fluctuations and commercial risks in foreign markets 1.
- Vineyard ownership is low compared with the sector average, which means greater reliance on contracts with third parties 1.
- Presence in large retail chains is limited, which may narrow access to certain consumer segments 1.
Opportunities
- Growth in the share of high value-added products could improve margins if demand for luxury holds 1.
- Developing digital channels and restaurants may widen the customer base of the group's brands 1.
- The shared Champagne 2040 strategy could clarify consumer expectations and support long-term brand value 1.
Risks
- Falling volumes in the global marketmedium
The Champagne market declined in volume in fiscal 2025-2026 and the recovery is uncertain, which could affect group sales if the trend continues 1.
- Currency exposuremedium
The strong euro against the dollar reduced export value in some markets, and further appreciation could again pressure margins and foreign-currency revenue 1.
- Regulation and taxationmedium
Strict rules on alcohol advertising and differing excise duties between countries may limit promotion and increase selling costs 1.
- Access to grapeslow
Reliance on contracts with independent growers and a few cooperatives could create cost and quality pressure if those relationships weaken 1.
- Single-category concentrationhigh
The group relies exclusively on Champagne, so any shock to the category as a whole could hit results more than it would a diversified portfolio 1.
Investment thesis
What would need to be true (bull case)
- Sales growth against a declining market shows that the group's brands can gain share, which could support results if the trend holds 1.
- The solid balance sheet and improved operating cash flow give financial flexibility for investment in brands and supply 1.
- The luxury positioning and focus on high value-added products could support long-term margins if demand for luxury stays robust 1.
What would break the thesis
- The global Champagne market is declining in volume and the recovery is described as uncertain, which could limit group growth 1.
- High export exposure and currency sensitivity could erode sales value if the euro keeps appreciating 1.
- Concentration on a single product category leaves the group exposed to shifts in consumption and new entrants in sparkling wine 1.
What to watch
- Trend in global Champagne market volumes and the group's market sharefiscal 2026-2027
- Evolution of the euro-dollar rate and its effect on export valuefiscal 2026-2027
- Progress of the Champagne 2040 strategic plan and its effect on demand2040
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
The Laurent-Perrier group concentrates on making and selling high-end Champagne wines, with four main brands: Laurent-Perrier, De Castellane, Delamotte and Salon. Consolidated revenue reached 303.8 million euros in fiscal 2025-2026 1, and Champagne sales were 294.8 million euros 1. The group sources most of its grapes through contracts with more than 1,200 independent growers 1, which gives it control over raw material quality.
Segments
Champagne Laurent-Perrier
The flagship brand, produced at Tours-sur-Marne, generates 88.2% of its revenue from export 1, with sales concentrated in restaurants, fine food shops and digital channels. The brand keeps its prestige and has a limited presence in large retail chains.
De Castellane, Delamotte and Salon
The other brands cover the mid-to-high segments and are positioned on different price points and distribution channels from the flagship, so that they do not compete directly with one another.
Market context
The market remains under commercial pressure, and the recovery expected for 2026 is described as cautious, with no dramatic improvement if the economic environment does not change 1.
Trends
- Strong euro against the dollarheadwind
The appreciation of the European currency made Champagne more expensive in some key markets, reducing export value even though volumes rose slightly 1.
- Consolidation of the sectormixed
The Champagne industry has been transformed by numerous acquisitions and mergers since 1990, with a trend toward rationalisation and modernisation as Champagne is established as a global luxury product 1.
- Demand for luxury productstailwind
The group focuses on high value-added products that belong to the luxury universe rather than mass consumption, which could support margins if demand for luxury remains solid 1.
- Regulatory and tax pressureheadwind
Advertising for alcoholic drinks is strictly regulated in France under the Loi Evin, and excise duties vary between countries, which can limit communication and raise selling costs 1.
Competitive position
The Champagne competitive landscape includes family houses, listed groups and outside investors that have acquired many brands since 1981 1. Competition is based on prestige, grape quality and the ability to build the brand in export markets.
Sector trends point to continued rationalisation, with mergers and new entrants, so each house's competitive position depends on access to vineyards and the strength of its brand 1.
- LVMH Moet Hennessy Louis Vuitton
French luxury group that has acquired several Champagne houses, including Krug and De Venoge, and competes in the prestige segment 1.
- Remy Cointreau
Premium spirits group that has held Champagne houses such as De Venoge and Krug and taken majority stakes in other regional brands 1.
- Pernod Ricard
International drinks group that acquired Mumm and Perrier-Jouet, important assets in the Champagne segment 1.
- Vranken Pommery Monopole
Champagne group that has made numerous brand acquisitions and competes directly in the mid and high segments 1.
News & filings
In the press
No news in our archive over the last 180 days.
Annual reports (ESEF)
- Annual report 202625 Jun 2026
- Annual report 202418 Jun 2024
Sources
- [1] Annual report, fiscal year ended 2026-03-31 (ESEF) · SEC / Laurent-Perrier · 31 Mar 2026
Figures computed by olivLaw from ESEF annual reports and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.