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 2,371,077 - -
Change - -4.77% 5.49% 16.36% -4.96% 31.78% - -
Enterprise Value (EV) 1 1,559,769 1,395,557 1,546,536 1,782,343 1,588,618 2,053,077 1,949,687 1,831,073
Change - -10.53% 10.82% 15.25% -10.87% 29.24% -5.04% -6.08%
P/E 11.6x 9.94x 10.2x 7.96x 7.76x 9.11x 8.26x 7.48x
PBR 1.78x 1.47x 1.44x 1.49x 1.31x 1.57x 1.42x 1.29x
PEG - 0.9x 3.41x 0.2x -2.82x 0.7x 0.8x 0.7x
Capitalization / Revenue 2.57x 1.92x 2.02x 2.21x 1.94x 2.43x 2.31x 2.15x
EV / Revenue 2.47x 1.74x 1.92x 2.08x 1.71x 2.11x 1.9x 1.66x
EV / EBITDA 8.86x 7.1x 6.43x 5.74x 4.5x 5.48x 4.97x 4.28x
EV / EBIT 11.5x 9.09x 8.15x 6.82x 5.42x 6.75x 5.93x 5.16x
EV / FCF -460x 12.3x 17.9x 8.26x 7.56x 9.09x 8.39x 7.18x
FCF Yield -0.22% 8.12% 5.6% 12.1% 13.2% 11% 11.9% 13.9%
Dividend per Share 2 225 390 - - - 574 668.7 739.8
Rate of return 2.58% 4.7% - - - 4.42% 5.14% 5.69%
EPS 2 751 835 860 1,307 1,271 1,427 1,573 1,737
Distribution rate 30% 46.7% - - - 40.2% 42.5% 42.6%
Net sales 1 630,595 802,755 805,158 857,545 928,962 974,609 1,025,839 1,102,027
EBITDA 1 176,123 196,480 240,625 310,678 353,314 374,660 392,145 427,816
EBIT 1 135,832 153,555 189,817 261,157 292,851 304,122 329,026 354,886
Net income 1 139,626 155,581 158,850 239,244 232,335 265,272 288,115 316,164
Net Debt 1 -59,856 -146,733 -80,493 -110,818 -210,608 -318,000 -421,390 -540,005
Reference price 2 8,725.00 8,300.00 8,750.00 10,400.00 9,865.00 13,000.00 13,000.00 13,000.00
Nbr of stocks (in thousands) 185,630 185,818 185,946 182,035 182,385 182,391 - -
Announcement Date 02/03/22 28/02/23 29/02/24 07/04/25 27/02/26 - - -
1HUF in Million2HUF
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
34.73x6.51x22.55x0.91% 47.23B
18.54x2.19x9.99x1.37% 39.62B
27.87x3.39x17.56x0.91% 12.09B
27.13x3.88x16.07x0.6% 11.8B
18.73x3.33x11.58x3.85% 9.12B
9.11x2.11x5.48x4.42% 7.57B
15.69x2.04x6.63x3.25% 7.1B
28.33x3.7x17.19x0.16% 6.87B
Average 22.52x 3.39x 13.38x 1.93% 17.68B
Weighted average by Cap. 25.30x 4.01x 15.38x 1.47%

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