Company Valuation: Amgen Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 126,718 140,139 154,142 140,103 176,250 202,952 - -
Change - 10.59% 9.99% -9.11% 25.8% 15.15% - -
Enterprise Value (EV) 1 151,990 169,779 207,811 188,229 221,725 244,624 239,711 234,434
Change - 11.7% 22.4% -9.42% 17.8% 10.33% -2.01% -2.2%
P/E 21.9x 21.7x 23.1x 34.5x 23x 24.7x 22.6x 21.7x
PBR 18.7x 38.3x 24.7x 23.8x 20.4x 19x 15.9x 13.1x
PEG - 1.2x 7.36x -0.9x 0.3x 3.46x 2.5x 5.42x
Capitalization / Revenue 4.88x 5.32x 5.47x 4.19x 4.8x 5.38x 5.25x 5.11x
EV / Revenue 5.85x 6.45x 7.37x 5.63x 6.03x 6.48x 6.2x 5.9x
EV / EBITDA 9.61x 10.5x 11.9x 9.13x 10.4x 11.4x 11.1x 10.9x
EV / EBIT 12.2x 13.3x 15.5x 12.5x 13.7x 14.8x 14.1x 13.4x
EV / FCF 18.1x 19.3x 28.2x 18.1x 27.4x 19.3x 15.9x 15.4x
FCF Yield 5.51% 5.17% 3.54% 5.52% 3.65% 5.19% 6.31% 6.5%
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% 2.68% 2.83% 2.96%
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 2 224.97 262.64 288.02 260.64 327.31 376.04 376.04 376.04
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
35.7x12.68x26.75x0.57% 1,067B
28.24x6.45x17.87x2.04% 635B
33.87x7.65x15.73x2.65% 458B
19.22x4.69x11.57x2.82% 347B
21.56x5.71x14.24x2.81% 295B
21.1x4.45x12.31x1.98% 262B
14.14x5.26x10.84x3.54% 216B
-46.58x5.59x30.88x2.55% 161B
12.46x3.06x7.75x7.02% 140B
Average 15.52x 6.17x 16.44x 2.89% 397.77B
Weighted average by Cap. 24.41x 7.84x 18.69x 2.12%

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