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 2,148,529 - -
Change - -4.77% 5.49% 16.36% -4.96% 19.41% - -
Enterprise Value (EV) 1 1,559,769 1,395,557 1,546,536 1,782,343 1,588,618 1,833,939 1,727,139 1,608,524
Change - -10.53% 10.82% 15.25% -10.87% 15.44% -5.82% -6.87%
P/E 11.6x 9.94x 10.2x 7.96x 7.76x 8.23x 7.55x 6.89x
PBR 1.78x 1.47x 1.44x 1.49x 1.31x 1.42x 1.29x 1.17x
PEG - 0.9x 3.41x 0.2x -2.82x 0.7x 0.84x 0.72x
Capitalization / Revenue 2.57x 1.92x 2.02x 2.21x 1.94x 2.26x 2.1x 1.96x
EV / Revenue 2.47x 1.74x 1.92x 2.08x 1.71x 1.93x 1.69x 1.46x
EV / EBITDA 8.86x 7.1x 6.43x 5.74x 4.5x 5.05x 4.43x 3.79x
EV / EBIT 11.5x 9.09x 8.15x 6.82x 5.42x 6.11x 5.29x 4.57x
EV / FCF -460x 12.3x 17.9x 8.26x 7.56x 8.63x 7.47x 6.39x
FCF Yield -0.22% 8.12% 5.6% 12.1% 13.2% 11.6% 13.4% 15.6%
Dividend per Share 2 225 390 - - - 620.6 664.4 733
Rate of return 2.58% 4.7% - - - 5.27% 5.64% 6.22%
EPS 2 751 835 860 1,307 1,271 1,432 1,561 1,709
Distribution rate 30% 46.7% - - - 43.3% 42.6% 42.9%
Net sales 1 630,595 802,755 805,158 857,545 928,962 951,724 1,023,546 1,098,192
EBITDA 1 176,123 196,480 240,625 310,678 353,314 363,366 389,794 424,113
EBIT 1 135,832 153,555 189,817 261,157 292,851 299,996 326,732 351,898
Net income 1 139,626 155,581 158,850 239,244 232,335 259,474 286,154 313,070
Net Debt 1 -59,856 -146,733 -80,493 -110,818 -210,608 -314,590 -421,390 -540,005
Reference price 2 8,725.00 8,300.00 8,750.00 10,400.00 9,865.00 11,780.00 11,780.00 11,780.00
Nbr of stocks (in thousands) 185,630 185,818 185,946 182,035 182,385 182,388 - -
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.($)
35.72x6.76x23.35x0.81% 48.68B
18.13x2.05x9.64x1.32% 35.55B
27.71x3.43x17.55x0.85% 12.08B
27.24x4.01x16.34x0.58% 11.89B
19.59x3.43x12.31x3.4% 9.25B
16.06x2.07x6.96x3.23% 7.01B
34x3.87x16.47x0.24% 6.55B
41.37x7.93x29.4x0.96% 4.49B
Average 27.48x 4.19x 16.50x 1.42% 16.94B
Weighted average by Cap. 27.63x 4.41x 16.89x 1.21%

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