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CDI.PA
ACCE-researched

Christian Dior SE (CDI.PA) fair value

Consumer Cyclical · Luxury Goods · Euronext Paris · France
€417.80-1.65%
Market cap €75.4BNext earnings 2027-01-26Updated Oct 22, 2026
Add earnings to calendarGoogle
Our verdict
Trades 7% above our fair value
Price
€417.80
Model fair valueConfidence: good
€391
Model range
€144 to €720
Fair value €391
Price €418
4 models fit Christian Dior SE and they disagree: 1 of 4 land within 15% of the average.
Two or more of our models back this value.
Near fair value(i)Bronze48
Valued as a mature, profitable company: Discounted cash flow, P/E comparison, EV/EBITDA comparison, Graham number, and Dividend discount.
ACCE opinionChristian Dior SE (CDI.PA)
Fair value (4 models)
€391
ACCE price target
€388
Rating
Fairly valued
Horizon
12 months
Fair value published on 22 Oct 2026, 12:04 CEST.
ACCE price target published on 22 Oct 2026, 16:00 CEST.
Rating published on 22 Oct 2026, 12:04 CEST.
Price used: €418 at the close on 23 Oct 2026, 17:30 CEST.
Models: Discounted cash flow, P/E comparison, Graham number, and Dividend discount.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Full methodology
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
Price vs fair value
6.8% above
-6.4% to fair value
ACCE score
51
out of 100
P/E
16.6x
1-year return
-27.5%
Dividend yield
3.38%

Christian Dior SE in four questions

Plain answers, details below
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OverviewAsk ACCEValuationQualityAnalystsSmart MoneyCompareNews and Record

Overview

ACCE thesis

Christian Dior SE owns the Dior fashion house, which sells leather goods, ready-to-wear, shoes, fragrance and cosmetics, and it is the largest contributor to LVMH's Fashion & Leather Goods division. The moat is the brand itself: a 66.4% gross margin and a 22.6% operating margin are what pricing power in handbags and perfume looks like, and both hold up better than most consumer names. The problem is the top line, with revenue down 2.9% and the business working through a soft patch in Asian and aspirational demand. The stock trades at 16.8x trailing earnings with a 17.1% ROE, so the question for a PM is whether the current volume weakness is cyclical or a sign that the brand is losing heat, and that needs a look at leather goods unit trends and Asian client spending before any view on the name.

AI-assisted·How I use AIWritten Oct 23, 2026
⚠ Investor warnings · 3 flagsAI-assisted·How I use AI
  • high
    Revenue shrinking year over year
    Revenue fell 2.9% YoY while the 5-year revenue CAGR is 12.6%, so the recent trend has turned down sharply against the long-run record.
  • moderate
    Leverage elevated
    Debt/Equity of 1.50 is high for the sector, though free cash flow of $15.0B gives comfortable coverage of obligations.
  • moderate
    Earnings flat, net margin thin
    Earnings grew only 0.9% YoY and the net margin is 5.7% against a 22.6% operating margin, a wide gap worth understanding.

AI research notes

AI-assisted·How I use AIWritten Oct 22, 2026 · figures from 2026-06-30 · prices to Oct 23, 2026
Why it could do well
  • Free cash flow over the last twelve months reached EUR 15.0B, a large cash engine for a company of this scale.
  • Revenue has compounded at 12.6% a year on average over five years, showing long-run growth well ahead of a typical mature business.
  • Return on equity of 17.1% shows the company earns solid profits on the shareholder capital it has invested.
Why it could disappoint
  • Revenue fell 2.9% in the latest year over year, so recent growth has stalled after its strong multi-year run.
  • Return on invested capital of 6.1% is thin, suggesting the company earns little beyond its cost of capital on new investment.
  • Debt equals 1.50 times shareholder equity, leaving a heavy borrowing load that would hurt if sales keep softening.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.

Next results

Jan 26, 2027
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle

Walk me through this stock

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Valuation

INVESTOR
Where CDI.PA's valuation models land
Price
€417.80
Model fair value
€391
Model range
€144 to €720
Fair value €391
Price €418
The price sits inside the model range.
Model
Fair value
Upside
Discounted cash flow
Dividend discount
EV/EBITDA comparison
Graham number
P/E comparison
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Quality

INVESTOR
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  • +Conviction breakdown and growth / value / quality / momentum scores
  • +Score history: how each score moved over time

Analysts

Wall Street consensus

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The full analyst picture: the price-target distribution against the current price, forward consensus estimates, and how ACCE's own models compare.

  • +Price-target low / average / high vs the current price, with implied upside
  • +Forward revenue and EPS consensus by fiscal year
  • +ACCE fair-value models lined up against the Street

Smart Money

PRO

In one line

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Company insiders
No trades filed
Last 90 days
Congress
No trades filed
Last 180 days
Average delay
No trades filed
From trade to public filing
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Compare

Where it sits vs peers

News and Record

Recent performance

1 week
-3.6%
1 month
+14.4%
3 months
-1.2%
6 months
-5.9%
YTD
-29.8%
1 year
-27.5%

Recommendation history, last 12 months

DateTypeNewPreviousPrice
22 Oct 2026, 16:00 CESTACCE price target€388first publication€422
22 Oct 2026, 12:04 CESTRatingFairly valuedfirst publication€422
22 Oct 2026, 12:04 CESTFair value€391first publication€422

This analysis is not personalised investment advice and does not take your situation, objectives or risk tolerance into account. ACCE Investments is not an authorised investment firm.

Investing in shares carries a risk of losing capital. The value of an investment can go down as well as up.

This security trades in EUR. Exchange-rate movements can increase or reduce the result in your own currency.

Valuation horizon: 12 months from the publication date.

Conflicts of interest. ACCE Investments is operated by Adrien Chantreuil, who may hold personal positions in the securities analysed. Positions are declared on each security. ACCE receives no payment from the companies analysed or from any intermediary for this analysis.

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Snapshot

Growth19Value86Quality68Momentum31Total51
Valuation
Trailing P/E
16.6x
Forward P/E
no data
PEG
18.71
P/B
2.64x
EV / Revenue
1.1x
Book value/sh
€138.38
Enterprise value
€90.6B
Profitability
ROE
17.1%
FCF yield
19.32%
ROIC
6.1%
Health and risk
Debt / equity
1.50
Dividend yield
3.38%
Beta
0.83

Price

-26.7% · 1Y

Ask anything about CDI.PA

Answered from Christian Dior SE fundamentals + recent valuations. Every number shows its source and date.

This stock Peer Peer median weaker → stronger
P/Ebetter than 80% of peers
low 15.7x16.6xhigh 66.7x
ROEbetter than 60% of peers
low -2%17%high 197%
Div yieldbetter than 100% of peers
low 0.3%3.4%high 3.4%

Peers

Prices Oct 23, 2026
CompanyPriceFair valuevs fair valueP/EROEQualityScore
CDI.PA Christian Dior SE€417.80€3917% above16.6x17.1%6851
CFR.SW Compagnie Financiere RichemontCHF 172.45CHF 9189% above29.5x15.0%7957
RMS.PA Hermes International€1289.50€70583% above28.8x25.4%10045
TITAN.NS Titan Company Limited₹4350.00--66.7x-4749
MC.PA LVMH Moet Hennessy Louis Vuitton€387.80€31822% above17.5x16.6%7947
KER.PA Kering€213.50€18019% above--1.6%4229
TPR Tapestry Inc. Common Stock$113.92$9816% above15.7x197.1%7565

Sector report card

Where CDI.PA ranks against its sector peers on each metric.

Computing percentiles…