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 2,247,052 - -
Change - -4.77% 5.49% 16.36% -4.96% 24.89% - -
Enterprise Value (EV) 1 1,559,769 1,395,557 1,546,536 1,782,343 1,588,618 1,932,462 1,825,661 1,707,047
Change - -10.53% 10.82% 15.25% -10.87% 21.64% -5.53% -6.5%
P/E 11.6x 9.94x 10.2x 7.96x 7.76x 8.6x 7.89x 7.21x
PBR 1.78x 1.47x 1.44x 1.49x 1.31x 1.49x 1.35x 1.22x
PEG - 0.9x 3.41x 0.2x -2.82x 0.7x 0.88x 0.76x
Capitalization / Revenue 2.57x 1.92x 2.02x 2.21x 1.94x 2.36x 2.2x 2.05x
EV / Revenue 2.47x 1.74x 1.92x 2.08x 1.71x 2.03x 1.78x 1.55x
EV / EBITDA 8.86x 7.1x 6.43x 5.74x 4.5x 5.32x 4.68x 4.02x
EV / EBIT 11.5x 9.09x 8.15x 6.82x 5.42x 6.44x 5.59x 4.85x
EV / FCF -460x 12.3x 17.9x 8.26x 7.56x 9.09x 7.89x 6.78x
FCF Yield -0.22% 8.12% 5.6% 12.1% 13.2% 11% 12.7% 14.7%
Dividend per Share 2 225 390 - - - 620.6 664.4 733
Rate of return 2.58% 4.7% - - - 5.04% 5.39% 5.95%
EPS 2 751 835 860 1,307 1,271 1,432 1,561 1,709
Distribution rate 30% 46.7% - - - 43.3% 42.6% 42.9%
Net sales 1 630,595 802,755 805,158 857,545 928,962 951,724 1,023,546 1,098,192
EBITDA 1 176,123 196,480 240,625 310,678 353,314 363,366 389,794 424,113
EBIT 1 135,832 153,555 189,817 261,157 292,851 299,996 326,732 351,898
Net income 1 139,626 155,581 158,850 239,244 232,335 259,474 286,154 313,070
Net Debt 1 -59,856 -146,733 -80,493 -110,818 -210,608 -314,590 -421,390 -540,005
Reference price 2 8,725.00 8,300.00 8,750.00 10,400.00 9,865.00 12,320.00 12,320.00 12,320.00
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.($)
35.76x6.74x23.33x0.88% 49.03B
20.02x2.36x10.74x1.29% 42.33B
28.49x3.47x18x0.89% 12.43B
26.41x3.9x15.87x0.6% 11.68B
19.07x3.33x11.97x3.49% 9.12B
8.6x2.03x5.32x5.04% 7.15B
15.67x2.02x6.32x3.29% 7.09B
34.6x3.94x16.78x0.23% 6.76B
Average 23.58x 3.47x 13.54x 1.96% 18.2B
Weighted average by Cap. 26.40x 4.16x 15.89x 1.43%

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