Company Valuation: Celltrion, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 27,592,583 23,000,359 27,970,378 40,365,453 39,602,284 38,396,964 - -
Change - -16.64% 21.61% 44.32% -1.89% -3.04% - -
Enterprise Value (EV) 1 27,117 23,236 29,280 41,531 42,173 40,363 39,459 38,696
Change - -14.31% 26.01% 41.84% 1.55% -4.29% -2.24% -1.93%
P/E ratio 47.2x 41.6x 53.7x 91.7x 38.8x 29.3x 24.5x 21x
PBR 6.87x 5.34x 2.46x 2.2x 2.32x 2.18x 2.05x 1.88x
PEG - -9.54x -20.3x -2.1x 0x 0.9x 1.2x 1.3x
Capitalization / Revenue 14.6x 10.1x 12.9x 11.3x 9.51x 7.21x 6.27x 5.58x
EV / Revenue 14.3x 10.2x 13.5x 11.7x 10.1x 7.58x 6.45x 5.63x
EV / EBITDA 27.9x 26.6x 32.6x 45.6x 29x 19.5x 16.3x 13.9x
EV / EBIT 36x 35.9x 44.9x 84.4x 36.1x 23.4x 18.7x 15.7x
EV / FCF 46x -211x 89.5x 54.2x 78.4x 38.8x 34.4x 26.1x
FCF Yield 2.17% -0.47% 1.12% 1.85% 1.28% 2.58% 2.91% 3.83%
Dividend per Share 3 660.4 - 457.9 721.2 750 774.7 831.6 932.1
Rate of return 0.38% - 0.25% 0.4% 0.41% 0.42% 0.45% 0.51%
EPS 3 3,691 3,530 3,437 1,966 4,660 6,247 7,490 8,733
Distribution rate 17.9% - 13.3% 36.7% 16.1% 12.4% 11.1% 10.7%
Net sales 1 1,891 2,284 2,176 3,557 4,162 5,327 6,121 6,878
EBITDA 1 972.1 873.6 897.2 910.3 1,456 2,072 2,425 2,774
EBIT 1 753.9 647.2 651.5 492 1,168 1,725 2,112 2,457
Net income 1 575.1 533.2 535.6 422.7 1,030 1,403 1,679 1,942
Net Debt 1 -475.5 235.5 1,310 1,165 2,571 1,966 1,062 299
Reference price 3 174,344.89 146,978.02 184,523.81 180,288.46 181,000.00 183,200.00 183,200.00 183,200.00
Nbr of stocks (in thousands) 158,264 156,488 151,581 223,894 218,797 209,590 - -
Announcement Date 16/02/22 03/03/23 29/02/24 25/02/25 04/02/26 - - -
1KRW in Million2KRW in Billions3KRW
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
29.33x7.58x19.48x0.42% 25.65B
28.33x5.04x15.62x1.16% 41.61B
44.4x4.44x28.34x-.--% 32.58B
-18.19x275.29x-16.37x-.--% 30.69B
21.04x2.47x10.69x-.--% 28.84B
-20.42x13.21x-20.47x-.--% 11.98B
20.89x1.85x8.12x1.28% 12.3B
24.69x3.92x17.83x-.--% 12.01B
Average 16.26x 39.22x 7.90x 0.36% 24.46B
Weighted average by Cap. 19.09x 47.51x 9.95x 0.38%

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

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  4. Valuation Celltrion, Inc.