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 2,152,177 - -
Change - -4.77% 5.49% 16.36% -4.96% 19.62% - -
Enterprise Value (EV) 1 1,559,769 1,395,557 1,546,536 1,782,343 1,588,618 1,837,587 1,730,786 1,612,172
Change - -10.53% 10.82% 15.25% -10.87% 15.67% -5.81% -6.85%
P/E 11.6x 9.94x 10.2x 7.96x 7.76x 8.24x 7.56x 6.91x
PBR 1.78x 1.47x 1.44x 1.49x 1.31x 1.42x 1.29x 1.17x
PEG - 0.9x 3.41x 0.2x -2.82x 0.7x 0.84x 0.73x
Capitalization / Revenue 2.57x 1.92x 2.02x 2.21x 1.94x 2.26x 2.1x 1.96x
EV / Revenue 2.47x 1.74x 1.92x 2.08x 1.71x 1.93x 1.69x 1.47x
EV / EBITDA 8.86x 7.1x 6.43x 5.74x 4.5x 5.06x 4.44x 3.8x
EV / EBIT 11.5x 9.09x 8.15x 6.82x 5.42x 6.13x 5.3x 4.58x
EV / FCF -460x 12.3x 17.9x 8.26x 7.56x 8.64x 7.48x 6.41x
FCF Yield -0.22% 8.12% 5.6% 12.1% 13.2% 11.6% 13.4% 15.6%
Dividend per Share 2 225 390 - - - 620.6 664.4 733
Rate of return 2.58% 4.7% - - - 5.26% 5.63% 6.21%
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 11,800.00 11,800.00 11,800.00
Nbr of stocks (in thousands) 185,630 185,818 185,946 182,035 182,385 182,388 - -
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
36.43x6.89x24.07x0.88% 50.03B
17.39x2.07x9.51x1.4% 36.6B
28.68x3.5x18.13x0.87% 12.47B
26.71x3.94x16.04x0.59% 11.77B
19x3.32x11.92x3.5% 9.04B
15.69x2.02x6.33x3.29% 7.03B
33.91x3.86x16.43x0.24% 6.6B
Average 25.40x 3.66x 14.63x 1.54% 19.08B
Weighted average by Cap. 27.23x 4.34x 16.68x 1.27%

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