ESSILORLUXOTTICA (ESL.DE) Stock Fundamental Analysis

Europe • Frankfurt Stock Exchange • FRA:ESL • FR0000121667

254.3 EUR
-0.9 (-0.35%)
Last: Feb 9, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

4

Overall ESL gets a fundamental rating of 4 out of 10. We evaluated ESL against 63 industry peers in the Health Care Equipment & Supplies industry. There are concerns on the financial health of ESL while its profitability can be described as average. ESL is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

  • In the past year ESL was profitable.
  • In the past year ESL had a positive cash flow from operations.
  • ESL had positive earnings in each of the past 5 years.
  • In the past 5 years ESL always reported a positive cash flow from operatings.
ESL.DE Yearly Net Income VS EBIT VS OCF VS FCFESL.DE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B

1.2 Ratios

  • ESL has a Return On Assets (3.84%) which is comparable to the rest of the industry.
  • ESL's Return On Equity of 6.29% is in line compared to the rest of the industry. ESL outperforms 49.21% of its industry peers.
  • ESL has a Return On Invested Capital (5.39%) which is in line with its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for ESL is significantly below the industry average of 9.98%.
  • The 3 year average ROIC (4.84%) for ESL is below the current ROIC(5.39%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 3.84%
ROE 6.29%
ROIC 5.39%
ROA(3y)3.67%
ROA(5y)2.72%
ROE(3y)5.86%
ROE(5y)4.39%
ROIC(3y)4.84%
ROIC(5y)3.74%
ESL.DE Yearly ROA, ROE, ROICESL.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15

1.3 Margins

  • ESL has a Profit Margin of 8.74%. This is in the better half of the industry: ESL outperforms 63.49% of its industry peers.
  • ESL's Profit Margin has improved in the last couple of years.
  • The Operating Margin of ESL (12.86%) is comparable to the rest of the industry.
  • ESL's Operating Margin has improved in the last couple of years.
  • ESL has a Gross Margin of 61.91%. This is in the better half of the industry: ESL outperforms 65.08% of its industry peers.
  • In the last couple of years the Gross Margin of ESL has remained more or less at the same level.
Industry RankSector Rank
OM 12.86%
PM (TTM) 8.74%
GM 61.91%
OM growth 3Y4.69%
OM growth 5Y6.47%
PM growth 3Y6.8%
PM growth 5Y7.52%
GM growth 3Y0.88%
GM growth 5Y0.39%
ESL.DE Yearly Profit, Operating, Gross MarginsESL.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60

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3

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so ESL is destroying value.
  • Compared to 1 year ago, ESL has more shares outstanding
  • The number of shares outstanding for ESL has been increased compared to 5 years ago.
  • The debt/assets ratio for ESL is higher compared to a year ago.
ESL.DE Yearly Shares OutstandingESL.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M
ESL.DE Yearly Total Debt VS Total AssetsESL.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 20B 40B 60B

2.2 Solvency

  • An Altman-Z score of 3.90 indicates that ESL is not in any danger for bankruptcy at the moment.
  • ESL's Altman-Z score of 3.90 is fine compared to the rest of the industry. ESL outperforms 69.84% of its industry peers.
  • The Debt to FCF ratio of ESL is 4.18, which is a neutral value as it means it would take ESL, 4.18 years of fcf income to pay off all of its debts.
  • ESL has a Debt to FCF ratio of 4.18. This is in the better half of the industry: ESL outperforms 65.08% of its industry peers.
  • A Debt/Equity ratio of 0.25 indicates that ESL is not too dependend on debt financing.
  • The Debt to Equity ratio of ESL (0.25) is better than 65.08% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.25
Debt/FCF 4.18
Altman-Z 3.9
ROIC/WACC0.69
WACC7.79%
ESL.DE Yearly LT Debt VS Equity VS FCFESL.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 10B 20B 30B 40B

2.3 Liquidity

  • A Current Ratio of 0.97 indicates that ESL may have some problems paying its short term obligations.
  • ESL's Current ratio of 0.97 is on the low side compared to the rest of the industry. ESL is outperformed by 79.37% of its industry peers.
  • A Quick Ratio of 0.67 indicates that ESL may have some problems paying its short term obligations.
  • The Quick ratio of ESL (0.67) is worse than 74.60% of its industry peers.
Industry RankSector Rank
Current Ratio 0.97
Quick Ratio 0.67
ESL.DE Yearly Current Assets VS Current LiabilitesESL.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B 10B

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5

3. Growth

3.1 Past

  • The Earnings Per Share has been growing slightly by 3.00% over the past year.
  • ESL shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 16.01% yearly.
  • ESL shows a small growth in Revenue. In the last year, the Revenue has grown by 5.45%.
  • Measured over the past years, ESL shows a quite strong growth in Revenue. The Revenue has been growing by 8.80% on average per year.
EPS 1Y (TTM)3%
EPS 3Y13.7%
EPS 5Y16.01%
EPS Q2Q%2.1%
Revenue 1Y (TTM)5.45%
Revenue growth 3Y10.18%
Revenue growth 5Y8.8%
Sales Q2Q%5.52%

3.2 Future

  • Based on estimates for the next years, ESL will show a quite strong growth in Earnings Per Share. The EPS will grow by 9.60% on average per year.
  • The Revenue is expected to grow by 7.56% on average over the next years.
EPS Next Y5.69%
EPS Next 2Y8.8%
EPS Next 3Y10.77%
EPS Next 5Y9.6%
Revenue Next Year5.99%
Revenue Next 2Y6.94%
Revenue Next 3Y7.45%
Revenue Next 5Y7.56%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
  • The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
ESL.DE Yearly Revenue VS EstimatesESL.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 10B 20B 30B 40B
ESL.DE Yearly EPS VS EstimatesESL.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2 4 6 8 10

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2

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 37.02, ESL can be considered very expensive at the moment.
  • The rest of the industry has a similar Price/Earnings ratio as ESL.
  • ESL's Price/Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 28.06.
  • The Price/Forward Earnings ratio is 31.64, which means the current valuation is very expensive for ESL.
  • Based on the Price/Forward Earnings ratio, ESL is valued a bit more expensive than 60.32% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 27.86. ESL is around the same levels.
Industry RankSector Rank
PE 37.02
Fwd PE 31.64
ESL.DE Price Earnings VS Forward Price EarningsESL.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • ESL's Enterprise Value to EBITDA is on the same level as the industry average.
  • ESL's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 35.02
EV/EBITDA 19.42
ESL.DE Per share dataESL.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 40 60 80

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • ESL has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)6.5
PEG (5Y)2.31
EPS Next 2Y8.8%
EPS Next 3Y10.77%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. Dividend

5.1 Amount

  • ESL has a Yearly Dividend Yield of 1.53%.
  • In the last 3 months the price of ESL has falen by -20.26%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
  • Compared to an average industry Dividend Yield of 0.97, ESL pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.80, ESL has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 1.53%

5.2 History

  • The dividend of ESL has a limited annual growth rate of 4.50%.
Dividend Growth(5Y)4.5%
Div Incr Years2
Div Non Decr Years3
ESL.DE Yearly Dividends per shareESL.DE Yearly Dividends per shareYearly Dividends per share 2022 2023 2024 2025 1 2 3

5.3 Sustainability

  • ESL pays out 22.97% of its income as dividend. This is a sustainable payout ratio.
  • ESL's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP22.97%
EPS Next 2Y8.8%
EPS Next 3Y10.77%
ESL.DE Yearly Income VS Free CF VS DividendESL.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B
ESL.DE Dividend Payout.ESL.DE Dividend Payout, showing the Payout Ratio.ESL.DE Dividend Payout.PayoutRetained Earnings

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ESSILORLUXOTTICA

FRA:ESL (2/9/2026, 7:00:00 PM)

254.3

-0.9 (-0.35%)

Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupHealth Care Equipment & Services
GICS IndustryHealth Care Equipment & Supplies
Earnings (Last)10-16
Earnings (Next)02-11
Inst Owners28.97%
Inst Owner ChangeN/A
Ins Owners32.07%
Ins Owner ChangeN/A
Market Cap117.78B
Revenue(TTM)27.24B
Net Income(TTM)2.38B
Analysts81.94
Price Target338.3 (33.03%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.53%
Yearly Dividend2.56
Dividend Growth(5Y)4.5%
DP22.97%
Div Incr Years2
Div Non Decr Years3
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0.92%
PT rev (3m)7.75%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-1.45%
EPS NY rev (3m)-1.65%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.25%
Valuation
Industry RankSector Rank
PE 37.02
Fwd PE 31.64
P/S 4.32
P/FCF 35.02
P/OCF 23.97
P/B 3.11
P/tB N/A
EV/EBITDA 19.42
EPS(TTM)6.87
EY2.7%
EPS(NY)8.04
Fwd EY3.16%
FCF(TTM)7.26
FCFY2.86%
OCF(TTM)10.61
OCFY4.17%
SpS58.82
BVpS81.67
TBVpS-5.08
PEG (NY)6.5
PEG (5Y)2.31
Graham Number112.36
Profitability
Industry RankSector Rank
ROA 3.84%
ROE 6.29%
ROCE 6.93%
ROIC 5.39%
ROICexc 5.71%
ROICexgc 35.85%
OM 12.86%
PM (TTM) 8.74%
GM 61.91%
FCFM 12.34%
ROA(3y)3.67%
ROA(5y)2.72%
ROE(3y)5.86%
ROE(5y)4.39%
ROIC(3y)4.84%
ROIC(5y)3.74%
ROICexc(3y)5.06%
ROICexc(5y)3.96%
ROICexgc(3y)34.05%
ROICexgc(5y)28.3%
ROCE(3y)6.22%
ROCE(5y)4.81%
ROICexgc growth 3Y0.01%
ROICexgc growth 5Y9.27%
ROICexc growth 3Y12.06%
ROICexc growth 5Y11.05%
OM growth 3Y4.69%
OM growth 5Y6.47%
PM growth 3Y6.8%
PM growth 5Y7.52%
GM growth 3Y0.88%
GM growth 5Y0.39%
F-Score7
Asset Turnover0.44
Health
Industry RankSector Rank
Debt/Equity 0.25
Debt/FCF 4.18
Debt/EBITDA 1.41
Cap/Depr 49.38%
Cap/Sales 5.69%
Interest Coverage 250
Cash Conversion 73.95%
Profit Quality 141.24%
Current Ratio 0.97
Quick Ratio 0.67
Altman-Z 3.9
F-Score7
WACC7.79%
ROIC/WACC0.69
Cap/Depr(3y)51.19%
Cap/Depr(5y)45.17%
Cap/Sales(3y)6.06%
Cap/Sales(5y)5.58%
Profit Quality(3y)145.59%
Profit Quality(5y)677.55%
High Growth Momentum
Growth
EPS 1Y (TTM)3%
EPS 3Y13.7%
EPS 5Y16.01%
EPS Q2Q%2.1%
EPS Next Y5.69%
EPS Next 2Y8.8%
EPS Next 3Y10.77%
EPS Next 5Y9.6%
Revenue 1Y (TTM)5.45%
Revenue growth 3Y10.18%
Revenue growth 5Y8.8%
Sales Q2Q%5.52%
Revenue Next Year5.99%
Revenue Next 2Y6.94%
Revenue Next 3Y7.45%
Revenue Next 5Y7.56%
EBIT growth 1Y6.6%
EBIT growth 3Y15.34%
EBIT growth 5Y15.84%
EBIT Next Year56.89%
EBIT Next 3Y23.64%
EBIT Next 5Y17.35%
FCF growth 1Y3.16%
FCF growth 3Y-1.57%
FCF growth 5Y6.95%
OCF growth 1Y2.06%
OCF growth 3Y2.36%
OCF growth 5Y8.12%

ESSILORLUXOTTICA / ESL.DE FAQ

What is the ChartMill fundamental rating of ESSILORLUXOTTICA (ESL.DE) stock?

ChartMill assigns a fundamental rating of 4 / 10 to ESL.DE.


What is the valuation status for ESL stock?

ChartMill assigns a valuation rating of 2 / 10 to ESSILORLUXOTTICA (ESL.DE). This can be considered as Overvalued.


Can you provide the profitability details for ESSILORLUXOTTICA?

ESSILORLUXOTTICA (ESL.DE) has a profitability rating of 6 / 10.


What is the expected EPS growth for ESSILORLUXOTTICA (ESL.DE) stock?

The Earnings per Share (EPS) of ESSILORLUXOTTICA (ESL.DE) is expected to grow by 5.69% in the next year.


How sustainable is the dividend of ESSILORLUXOTTICA (ESL.DE) stock?

The dividend rating of ESSILORLUXOTTICA (ESL.DE) is 6 / 10 and the dividend payout ratio is 22.97%.