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

ESL gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 63 industry peers in the Health Care Equipment & Supplies industry. ESL has a medium profitability rating, but doesn't score so well on its financial health evaluation. ESL is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

  • ESL had positive earnings in the past year.
  • ESL had a positive operating cash flow in the past year.
  • Each year in the past 5 years ESL has been profitable.
  • 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 in line with its industry peers.
  • ESL has a Return On Equity (6.29%) which is in line with its industry peers.
  • ESL's Return On Invested Capital of 5.39% is in line compared to the rest of the industry. ESL outperforms 49.21% of 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 better Profit Margin (8.74%) than 63.49% of its industry peers.
  • ESL's Profit Margin has improved in the last couple of years.
  • ESL has a Operating Margin of 12.86%. This is comparable to the rest of the industry: ESL outperforms 58.73% of its industry peers.
  • In the last couple of years the Operating Margin of ESL has grown nicely.
  • ESL has a better Gross Margin (61.91%) than 65.08% of its industry peers.
  • ESL's Gross Margin has been stable in the last couple of years.
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.
  • ESL has more shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, ESL has more shares outstanding
  • 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

  • ESL has an Altman-Z score of 3.90. This indicates that ESL is financially healthy and has little risk of bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 3.90, ESL is in the better half of the industry, outperforming 69.84% of the companies in the same industry.
  • 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 better Debt to FCF ratio (4.18) than 65.08% of its industry peers.
  • ESL has a Debt/Equity ratio of 0.25. This is a healthy value indicating a solid balance between debt and equity.
  • Looking at the Debt to Equity ratio, with a value of 0.25, ESL is in the better half of the industry, outperforming 65.08% of the companies in the same industry.
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.
  • The Current ratio of ESL (0.97) is worse than 79.37% of its industry peers.
  • A Quick Ratio of 0.67 indicates that ESL may have some problems paying its short term obligations.
  • ESL's Quick ratio of 0.67 is on the low side compared to the rest of the industry. ESL is outperformed by 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%.
  • The Revenue has been growing by 8.80% on average over the past years. This is quite good.
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.
  • Based on estimates for the next years, ESL will show a small growth in Revenue. The Revenue will grow by 7.56% on average per year.
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

  • A Price/Earnings ratio of 37.02 indicates a quite expensive valuation of ESL.
  • Compared to the rest of the industry, the Price/Earnings ratio of ESL is on the same level as its industry peers.
  • When comparing the Price/Earnings ratio of ESL to the average of the S&P500 Index (28.06), we can say ESL is valued slightly more expensively.
  • A Price/Forward Earnings ratio of 31.64 indicates a quite expensive valuation of ESL.
  • ESL's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. ESL is more expensive than 60.32% of the companies in the same industry.
  • ESL's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 27.86.
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

  • The rest of the industry has a similar Enterprise Value to EBITDA ratio as ESL.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of ESL is on the same level as its industry peers.
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 ESL does not grow enough to justify the current Price/Earnings ratio.
  • The decent profitability rating of ESL 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

  • 22.97% of the earnings are spent on dividend by ESL. This is a low number and sustainable payout ratio.
  • The dividend of ESL is growing, but earnings are growing more, so the dividend growth is 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%.