Company Valuation: Sanofi

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 111,194 112,665 112,549 116,968 100,655 84,835 - -
Change - 1.32% -0.1% 3.93% -13.95% -15.72% - -
Enterprise Value (EV) 1 121,177 119,102 120,342 125,740 111,663 96,743 93,448 90,051
Change - -1.71% 1.04% 4.49% -11.2% -13.36% -3.41% -3.64%
P/E 17.8x 16.7x 20.8x 20.4x 12.9x 11.3x 9.81x 8.46x
PBR 1.62x 1.5x 1.52x 1.51x 1.41x 1.15x 1.08x 1.02x
PEG - 2.07x -1.1x 3.14x 0.3x -6.3x 0.7x 0.5x
Capitalization / Revenue 2.94x 2.62x 2.61x 2.85x 2.31x 1.78x 1.68x 1.6x
EV / Revenue 3.21x 2.77x 2.79x 3.06x 2.56x 2.03x 1.85x 1.69x
EV / EBITDA 9.95x 8.14x 8.44x 9.76x 8.22x 6.57x 5.96x 5.29x
EV / EBIT 11.3x 9.13x 9.5x 11.1x 9.19x 7.27x 6.68x 5.95x
EV / FCF 15x 14x 14.2x 21.1x 13.8x 11.6x 10.4x 8.95x
FCF Yield 6.68% 7.12% 7.04% 4.74% 7.24% 8.59% 9.64% 11.2%
Dividend per Share 2 3.33 3.56 3.76 3.92 4.12 4.255 4.499 4.798
Rate of return 3.76% 3.96% 4.19% 4.18% 4.98% 6.01% 6.35% 6.78%
EPS 2 4.97 5.37 4.31 4.59 6.4 6.285 7.222 8.366
Distribution rate 67% 66.3% 87.2% 85.4% 64.4% 67.7% 62.3% 57.4%
Net sales 1 37,761 42,997 43,070 41,081 43,626 47,662 50,623 53,132
EBITDA 1 12,183 14,627 14,259 12,889 13,583 14,734 15,689 17,008
EBIT 1 10,714 13,040 12,670 11,343 12,149 13,312 13,999 15,142
Net income 1 6,223 6,720 5,400 5,744 7,813 7,484 8,904 10,330
Net Debt 1 9,983 6,437 7,793 8,772 11,008 11,908 8,613 5,215
Reference price 2 88.58 89.84 89.76 93.74 82.72 70.81 70.81 70.81
Nbr of stocks (in thousands) 1,255,293 1,254,060 1,253,891 1,247,793 1,216,810 1,198,069 - -
Announcement Date 4/2/22 3/2/23 1/2/24 30/1/25 29/1/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11.27x2.03x6.57x6.01% 95.48B
32.45x11.78x23.93x0.61% 1,019B
28.48x6.32x17.74x2.09% 617B
33.26x7.78x16.08x2.64% 464B
104.98x5.87x24.89x2.36% 356B
18.81x4.58x11.36x2.9% 333B
19.83x5.17x12.78x3.09% 267B
20.02x4.17x11.86x2.13% 244B
25.46x6.66x11.86x2.5% 218B
-43.78x6.39x24.97x2.27% 179B
Average 25.08x 6.08x 16.21x 2.66% 379.27B
Weighted average by Cap. 31.29x 7.47x 18.31x 2.06%

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