Company Valuation: Alcon Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 43,286 33,596 38,446 41,934 39,316 30,802 - -
Change - -22.39% 14.43% 9.07% -6.24% -21.66% - -
Enterprise Value (EV) 1 46,197 37,296 42,046 44,734 42,526 33,377 32,286 30,829
Change - -19.27% 12.73% 6.39% -4.93% -21.52% -3.27% -4.51%
P/E 116x 100x 39.8x 41.4x 40.4x 37x 22.7x 19x
PBR 2.25x 1.71x 1.86x 1.94x 1.79x 1.43x 1.36x 1.27x
PEG - -9.5x 0x 9.02x -11.83x -2.9x 0.4x 1x
Capitalization / Revenue 5.22x 3.85x 4.07x 4.23x 3.78x 2.78x 2.62x 2.46x
EV / Revenue 5.57x 4.28x 4.45x 4.51x 4.09x 3.01x 2.74x 2.46x
EV / EBITDA 25.7x 20.8x 18.1x 17.9x 15.9x 11.3x 9.93x 8.64x
EV / EBIT 32x 23.7x 22.7x 22.1x 20.9x 14.3x 12.5x 10.7x
EV / FCF 71.6x 64.2x 57.6x 27.9x 24.5x 22.2x 18.5x 15.8x
FCF Yield 1.4% 1.56% 1.74% 3.59% 4.08% 4.5% 5.42% 6.32%
Dividend per Share 2 0.2159 0.2239 0.273 0.3138 0.362 0.3716 0.4155 0.4714
Rate of return 0.24% 0.33% 0.35% 0.37% 0.45% 0.58% 0.65% 0.74%
EPS 2 0.76 0.68 1.96 2.05 1.98 1.724 2.809 3.353
Distribution rate 28.4% 32.9% 13.9% 15.3% 18.3% 21.5% 14.8% 14.1%
Net sales 1 8,291 8,717 9,455 9,911 10,401 11,087 11,769 12,517
EBITDA 1 1,799 1,795 2,325 2,502 2,677 2,963 3,253 3,567
EBIT 1 1,443 1,571 1,849 2,027 2,039 2,337 2,588 2,871
Net income 1 376 335 974 1,018 980 792.6 1,332 1,625
Net Debt 1 2,911 3,700 3,600 2,800 3,210 2,575 1,485 27.77
Reference price 2 88.32 68.33 77.95 84.78 80.04 63.72 63.72 63.72
Nbr of stocks (in thousands) 490,100 491,700 493,200 494,600 491,200 483,400 - -
Announcement Date 15/2/22 27/2/23 27/2/24 25/2/25 24/2/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
27.63x3.84x14.83x2.64% 169B
18.25x3.37x12.04x3.26% 110B
21.42x4.21x14.72x1.31% 106B
25.26x2.48x10.04x2.86% 73.87B
16.92x0.2x12.42x0.77% 58.98B
29.48x7.29x18.84x1.36% 51.28B
34.07x3.32x11.38x2.22% 48.16B
35.11x8.73x24.55x-.--% 40.84B
34.3x6.01x18.87x-.--% 32.21B
Average 26.94x 4.38x 15.30x 1.6% 76.69B
Weighted average by Cap. 25.35x 3.98x 14.47x 1.99%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield