Added to YB: 2026-09-04
Pitch date: 2026-08-28
EL.PA [neutral]
EssilorLuxottica Société anonyme
-5.21%
current return
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 73.3B
Pitch Price
EUR 161.35
Price Target
N/A
Dividend
2.49%
EV/EBITDA
12.72
P/E
29.81
EV/Sales
2.99
Sector
Health Care Equipment and Supplies
Category
value
Theodosian Capital | Stocks Update 28/8/2026 - EL – Step back and buyback
EL.PA (update): EssilorLuxottica’s 40% year-to-date decline leaves the shares at 18.0x earnings. The group has mandated brokers to buy back 5M shares, worth roughly €800M, which appears a reasonable use of funds for a business of this quality. Leverage is modest, with end-2026 net debt forecast at €9.8B versus €7.2B of 2026 EBITDA and net cash expected around the turn of the decade. Chief Strategy Officer Leonardo Del Vecchio Jr. unexpectedly resigned, with no indicated change to Delfin’s roughly 32% stake.
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