Company Valuation: Gedeon Richter

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,619,625 1,542,290 1,627,029 1,893,161 1,799,226 2,378,373 - -
Change - -4.77% 5.49% 16.36% -4.96% 32.19% - -
Enterprise Value (EV) 1 1,559,769 1,395,557 1,546,536 1,782,343 1,588,618 2,060,373 1,956,982 1,838,368
Change - -10.53% 10.82% 15.25% -10.87% 29.7% -5.02% -6.06%
P/E 11.6x 9.94x 10.2x 7.96x 7.76x 9.14x 8.29x 7.51x
PBR 1.78x 1.47x 1.44x 1.49x 1.31x 1.57x 1.43x 1.3x
PEG - 0.9x 3.41x 0.2x -2.82x 0.7x 0.8x 0.7x
Capitalization / Revenue 2.57x 1.92x 2.02x 2.21x 1.94x 2.44x 2.32x 2.16x
EV / Revenue 2.47x 1.74x 1.92x 2.08x 1.71x 2.11x 1.91x 1.67x
EV / EBITDA 8.86x 7.1x 6.43x 5.74x 4.5x 5.5x 4.99x 4.3x
EV / EBIT 11.5x 9.09x 8.15x 6.82x 5.42x 6.77x 5.95x 5.18x
EV / FCF -460x 12.3x 17.9x 8.26x 7.56x 9.12x 8.42x 7.21x
FCF Yield -0.22% 8.12% 5.6% 12.1% 13.2% 11% 11.9% 13.9%
Dividend per Share 2 225 390 - - - 574 668.7 739.8
Rate of return 2.58% 4.7% - - - 4.4% 5.13% 5.67%
EPS 2 751 835 860 1,307 1,271 1,427 1,573 1,737
Distribution rate 30% 46.7% - - - 40.2% 42.5% 42.6%
Net sales 1 630,595 802,755 805,158 857,545 928,962 974,609 1,025,839 1,102,027
EBITDA 1 176,123 196,480 240,625 310,678 353,314 374,660 392,145 427,816
EBIT 1 135,832 153,555 189,817 261,157 292,851 304,122 329,026 354,886
Net income 1 139,626 155,581 158,850 239,244 232,335 265,272 288,115 316,164
Net Debt 1 -59,856 -146,733 -80,493 -110,818 -210,608 -318,000 -421,390 -540,005
Reference price 2 8,725.00 8,300.00 8,750.00 10,400.00 9,865.00 13,040.00 13,040.00 13,040.00
Nbr of stocks (in thousands) 185,630 185,818 185,946 182,035 182,385 182,391 - -
Announcement Date 2/3/22 28/2/23 29/2/24 7/4/25 27/2/26 - - -
1HUF in Million2HUF
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
35.88x6.74x23.35x0.88% 48.92B
19.79x2.33x10.61x1.31% 41.53B
28.57x3.48x18.05x0.89% 12.43B
26.53x3.91x15.94x0.6% 11.7B
18.73x3.33x11.58x3.85% 9.09B
8.96x2.07x5.39x4.49% 7.4B
15.92x2.06x6.44x3.24% 7.15B
34.17x3.89x16.56x0.23% 6.66B
Average 23.57x 3.48x 13.49x 1.94% 18.11B
Weighted average by Cap. 26.37x 4.15x 15.84x 1.44%

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