XP96 Group 11 · Interactive DCF

LVMH × Tiffany Valuation Calculator

Adjust any assumption to see how the stand-alone floor, synergy ceiling, and bargaining zone respond.
Stand-alone (floor)
$112
EV $13.8B
With synergies (ceiling)
$169
EV $20.7B
Bargaining zone
$112 – $169
$57 spread
Reference prices: Initial offer $120 · Original deal $135 · Final price $131.50.

Shared inputs

Base revenue ($M)
Diluted shares (M)
Tax rate%
Net debt ($M)
Risk-free rate%
Market risk premium%
Beta
After-tax cost of debt%
Equity weight%
Terminal growth%
D&A (% of sales)%
Capex (% of sales)%
WACC computed: 7.5%

Stand-alone scenario (the floor)

Year 1 revenue growth%
Year 5 revenue growth%
Year 1 EBIT margin%
Year 5 EBIT margin%

Synergy scenario (the ceiling)

Year 1 revenue growth%
Year 5 revenue growth%
Year 1 EBIT margin (integration year)%
Year 5 EBIT margin%

Projected free cash flows

Stand-alone
YearRevenueEBITFCF
With synergies
YearRevenueEBITFCF

Valuation summary

Stand-alone (floor)
$112
EV $13.8B
With synergies (ceiling)
$169
EV $20.7B
Bargaining zone
$112 – $169
$57 spread
Reference prices: Initial offer $120 · Original deal $135 · Final price $131.50.