Company Valuation: Virbac

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 3,584 1,927 3,035 2,651 2,995 2,706 - -
Change - -46.24% 57.52% -12.67% 13% -9.65% - -
Enterprise Value (EV) 1 3,510 1,848 2,983 2,819 3,168 2,833 2,781 2,665
Change - -47.37% 61.45% -5.49% 12.37% -10.58% -1.82% -4.19%
P/E 31.7x 15.8x 25x 18.3x 19.9x 15.9x 14.3x 13.1x
PBR 4.95x 2.29x 3.34x 2.54x 2.66x 2.12x 1.87x 1.66x
PEG - 2.06x -72.15x 0.9x 5.23x 1.2x 1.4x 1.34x
Capitalization / Revenue 3.37x 1.58x 2.43x 1.9x 2.04x 1.74x 1.64x 1.56x
EV / Revenue 3.3x 1.52x 2.39x 2.02x 2.16x 1.83x 1.69x 1.54x
EV / EBITDA 16.3x 8.27x 12.8x 9.96x 10.9x 8.99x 8.05x 7.14x
EV / EBIT 20.8x 10.1x 16.1x 12.4x 13.8x 11.2x 10x 8.8x
EV / FCF 36.5x 40.7x 50.8x 22.8x 29.7x 33.5x 23.1x 17.7x
FCF Yield 2.74% 2.46% 1.97% 4.39% 3.37% 2.99% 4.33% 5.64%
Dividend per Share 2 1.25 1.32 1.32 1.45 1.45 1.724 2.04 2.38
Rate of return 0.29% 0.58% 0.37% 0.46% 0.41% 0.53% 0.63% 0.74%
EPS 2 13.4 14.43 14.38 17.34 18 20.38 22.53 24.74
Distribution rate 9.33% 9.15% 9.18% 8.36% 8.06% 8.46% 9.05% 9.62%
Net sales 1 1,064 1,216 1,247 1,397 1,465 1,551 1,647 1,734
EBITDA 1 215.1 223.4 232.8 283 289.5 315.2 345.4 373.1
EBIT 1 168.9 182.8 184.9 227.5 229.7 254 277.5 302.8
Net income 1 113.2 122 121.3 145.3 150.9 171.1 189.5 208.5
Net Debt 1 -73.83 -79.36 -52.36 168.5 172.8 126.7 75.16 -41.24
Reference price 2 424.50 228.00 359.50 316.50 357.50 323.00 323.00 323.00
Nbr of stocks (in thousands) 8,443 8,451 8,443 8,375 8,378 8,378 - -
Announcement Date 22/3/22 23/3/23 19/3/24 13/3/25 17/3/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
15.85x1.83x8.99x0.53% 3.15B
13.37x4.13x9.8x2.82% 31B
177.46x2.97x15.02x-.--% 12.24B
14.86x1.14x4.22x3.31% 3.95B
57.11x - - 0.63% 2.07B
35.22x3.98x14.25x-.--% 1.98B
12.45x1.3x7.59x1.32% 1.48B
17.92x2.22x10.66x1.74% 1.16B
33.9x - - 0.44% 1.03B
14.47x1.05x5.08x1.39% 959M
Average 39.26x 2.33x 9.45x 1.22% 5.9B
Weighted average by Cap. 50.34x 3.36x 10.54x 1.85%

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