Lululemon Athletica Inc.

DB:33L Stock Report

Market Cap: €45.1b

Lululemon Athletica Valuation

Is 33L undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 33L when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 33L (€368.35) is trading above our estimate of fair value (€332.27)

Significantly Below Fair Value: 33L is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 33L?

Key metric: As 33L is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 33L. This is calculated by dividing 33L's market cap by their current earnings.
What is 33L's PE Ratio?
PE Ratio27.1x
EarningsUS$1.74b
Market CapUS$46.99b

Price to Earnings Ratio vs Peers

How does 33L's PE Ratio compare to its peers?

The above table shows the PE ratio for 33L vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average40.9x
ADS adidas
110.6x38.1%€42.1b
BOSS Hugo Boss
14.1x13.3%€3.0b
BIJ Bijou Brigitte modische Accessoires
12.7xn/a€263.3m
PUM PUMA
26.1x18.5%€6.7b
33L Lululemon Athletica
27.1x6.6%€47.0b

Price-To-Earnings vs Peers: 33L is good value based on its Price-To-Earnings Ratio (27.1x) compared to the peer average (40.9x).

Price to Earnings Ratio vs Industry

How does 33L's PE Ratio compare vs other companies in the European Luxury Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
33L 27.1xIndustry Avg. 16.3xNo. of Companies8PE01020304050+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 33L is expensive based on its Price-To-Earnings Ratio (27.1x) compared to the European Luxury industry average (16.1x).

Price to Earnings Ratio vs Fair Ratio

What is 33L's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

33L PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio27.1x
Fair PE Ratio21.7x

Price-To-Earnings vs Fair Ratio: 33L is expensive based on its Price-To-Earnings Ratio (27.1x) compared to the estimated Fair Price-To-Earnings Ratio (21.7x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 33L forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€368.35
€359.30
-2.5%
15.8%€457.68€184.98n/a33
Dec ’25€302.25
€301.55
-0.2%
15.0%€361.56€183.62n/a33
Nov ’25€295.00
€287.09
-2.7%
15.8%€405.44€176.75n/a33
Oct ’25€242.30
€284.90
+17.6%
15.5%€402.01€175.26n/a34
Sep ’25€229.00
€291.66
+27.4%
16.4%€402.64€175.53n/a34
Aug ’25€229.25
€340.62
+48.6%
18.7%€486.52€179.78n/a33
Jul ’25€277.35
€370.17
+33.5%
16.1%€489.20€223.63n/a33
Jun ’25€287.20
€391.22
+36.2%
17.7%€525.43€221.23n/a33
May ’25€336.05
€429.05
+27.7%
17.1%€531.64€223.85n/a34
Apr ’25€364.65
€443.87
+21.7%
15.3%€528.22€257.62n/a34
Mar ’25€431.90
€467.05
+8.1%
15.3%€564.37€257.21n/a34
Feb ’25€423.95
€464.92
+9.7%
16.0%€564.56€231.38n/a34
Jan ’25€457.75
€439.46
-4.0%
15.3%€542.96€227.75n/a34
Dec ’24€407.35
€396.02
-2.8%
14.5%€492.80€228.15€302.2533
Nov ’24€371.15
€405.25
+9.2%
14.7%€510.25€236.23€295.0031
Oct ’24€361.60
€403.77
+11.7%
14.5%€505.15€236.05€242.3032
Sep ’24€369.90
€393.97
+6.5%
14.5%€496.64€232.08€229.0029
Aug ’24€342.45
€375.79
+9.7%
14.3%€482.89€227.35€229.2529
Jul ’24€338.30
€376.34
+11.2%
14.0%€486.93€229.25€277.3529
Jun ’24€309.15
€368.37
+19.2%
16.5%€487.94€209.12€287.2030
May ’24€341.20
€357.11
+4.7%
16.7%€476.28€204.12€336.0529
Apr ’24€327.60
€356.82
+8.9%
16.8%€460.95€207.43€364.6529
Mar ’24€290.40
€348.64
+20.1%
17.5%€455.50€186.68€431.9030
Feb ’24€279.40
€343.05
+22.8%
17.4%€448.47€183.80€423.9530
Jan ’24€294.35
€367.96
+25.0%
18.5%€485.61€188.22€457.7530
Dec ’23€362.00
€359.63
-0.7%
19.3%€514.35€192.28€407.3529

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/27 00:37
End of Day Share Price 2024/12/27 00:00
Earnings2024/10/27
Annual Earnings2024/01/28

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Lululemon Athletica Inc. is covered by 81 analysts. 33 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
John StaszakArgus Research Company
Mark AltschwagerBaird
Ishan MajumdarBaptista Research