Company Valuation: Amgen Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 126,718 140,139 154,142 140,103 176,250 197,663 - -
Change - 10.59% 9.99% -9.11% 25.8% 12.15% - -
Enterprise Value (EV) 1 151,990 169,779 207,811 188,229 221,725 239,335 234,422 229,145
Change - 11.7% 22.4% -9.42% 17.8% 7.94% -2.05% -2.25%
P/E 21.9x 21.7x 23.1x 34.5x 23x 24x 22x 21.2x
PBR 18.7x 38.3x 24.7x 23.8x 20.4x 18.5x 15.5x 12.8x
PEG - 1.2x 7.36x -0.9x 0.3x 3.36x 2.43x 5.29x
Capitalization / Revenue 4.88x 5.32x 5.47x 4.19x 4.8x 5.24x 5.11x 4.97x
EV / Revenue 5.85x 6.45x 7.37x 5.63x 6.03x 6.34x 6.06x 5.77x
EV / EBITDA 9.61x 10.5x 11.9x 9.13x 10.4x 11.2x 10.9x 10.7x
EV / EBIT 12.2x 13.3x 15.5x 12.5x 13.7x 14.5x 13.8x 13.1x
EV / FCF 18.1x 19.3x 28.2x 18.1x 27.4x 18.9x 15.5x 15x
FCF Yield 5.51% 5.17% 3.54% 5.52% 3.65% 5.3% 6.45% 6.65%
Dividend per Share 2 7.04 7.76 8.52 9 9.52 10.09 10.66 11.12
Rate of return 3.13% 2.95% 2.96% 3.45% 2.91% 2.75% 2.91% 3.04%
EPS 2 10.28 12.11 12.49 7.56 14.23 15.25 16.63 17.29
Distribution rate 68.5% 64.1% 68.2% 119% 66.9% 66.2% 64.1% 64.3%
Net sales 1 25,979 26,323 28,190 33,424 36,751 37,756 38,690 39,746
EBITDA 1 15,822 16,178 17,470 20,620 21,370 21,398 21,537 21,442
EBIT 1 12,424 12,761 13,399 15,028 16,203 16,492 16,998 17,484
Net income 1 5,893 6,552 6,717 4,090 7,711 8,219 8,851 9,284
Net Debt 1 25,272 29,640 53,669 48,126 45,475 41,673 36,759 31,482
Reference price 2 224.97 262.64 288.02 260.64 327.31 366.24 366.24 366.24
Nbr of stocks (in thousands) 563,266 533,579 535,178 537,533 538,481 539,708 - -
Announcement Date 07/02/22 31/01/23 06/02/24 04/02/25 03/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
24.02x6.34x11.18x2.75% 198B
34.93x12.49x26.13x0.58% 1,048B
26.93x6.14x16.82x2.14% 603B
33.36x7.57x15.52x2.68% 452B
17.83x4.42x10.88x3% 327B
21.97x5.47x13.3x2.81% 283B
20.86x4.4x12.18x2% 259B
14.29x5.31x10.95x3.5% 219B
-46.93x5.62x31.07x2.53% 162B
12.67x3.1x7.84x6.92% 142B
Average 15.99x 6.09x 15.59x 2.89% 369.38B
Weighted average by Cap. 23.69x 7.61x 17.81x 2.2%

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

  1. Stock Market
  2. Stocks
  3. AMGN Stock
  4. Valuation Amgen Inc.