Added to YB: 2026-09-14
Pitch date: 2026-09-10
EL.PA [bullish]
EssilorLuxottica Société anonyme
Author Info
No bio for this author
Company Info
EssilorLuxottica Société anonyme designs, manufactures, and distributes ophthalmic lenses, frames, sunglasses, and instruments and equipment in North America, the Middle East, Africa, Europe, Latin America, and the Asia-Pacific.
Market Cap
EUR 68.5B
Pitch Price
N/A
Price Target
N/A
Dividend
2.68%
EV/EBITDA
12.02
P/E
27.84
EV/Sales
2.82
Sector
Health Care Equipment and Supplies
Category
value
EssilorLuxottica: Should we take advantage of the drop?
EL.PA: EssilorLuxottica at ~€150 and ~21x adjusted earnings (27x reported) offers its well-performing core optics business with the wearables option almost free, provided smart glasses do not become a permanent drain. Ophthalmic lenses earn ~63% gross margins and 2025 DTC sales grew 8% like for like, but management said smart glasses caused about two-thirds of the 2024-25 gross-margin decline; unresolved control among Delfin’s eight heirs remains the main risk.
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