Company Valuation: Gilead Sciences, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 91,081 107,677 100,942 115,118 152,281 181,542 - -
Change - 18.22% -6.25% 14.04% 32.28% 19.22% - -
Enterprise Value (EV) 1 118,530 126,522 118,665 131,838 169,585 198,287 190,666 184,376
Change - 6.74% -6.21% 11.1% 28.63% 16.92% -3.84% -3.3%
P/E 14.7x 23.6x 18x 243x 18.1x -44.3x 18.2x 16.8x
PBR 4.32x 5.05x 4.48x 5.98x 6.73x 10.9x 8.05x 6.29x
PEG - -0.9x 0.8x -2.7x 0x 0x -0x 1.97x
Capitalization / Revenue 3.34x 3.95x 3.72x 4x 5.17x 5.91x 5.55x 5.29x
EV / Revenue 4.34x 4.64x 4.38x 4.59x 5.76x 6.46x 5.83x 5.37x
EV / EBITDA 8.12x 8.86x 9.01x 11.7x 10.6x 25.2x 10.7x 10.1x
EV / EBIT 9.45x 10.4x 11.3x 15.5x 12.9x 61.2x 12x 10.9x
EV / FCF 11x 15.2x 16x 12.8x 17.9x -376x 14.6x 13.3x
FCF Yield 9.12% 6.59% 6.25% 7.82% 5.58% -0.27% 6.86% 7.52%
Dividend per Share 2 2.84 2.92 3 3.08 3.16 3.291 3.349 3.012
Rate of return 3.91% 3.4% 3.7% 3.33% 2.57% 2.25% 2.29% 2.06%
EPS 2 4.93 3.64 4.5 0.38 6.78 -3.306 8.024 8.707
Distribution rate 57.6% 80.2% 66.7% 811% 46.6% -99.5% 41.7% 34.6%
Net sales 1 27,305 27,281 27,116 28,754 29,443 30,702 32,682 34,347
EBITDA 1 14,598 14,283 13,177 11,287 15,953 7,859 17,834 18,324
EBIT 1 12,548 12,180 10,484 8,520 13,193 3,240 15,834 16,889
Net income 1 6,225 4,592 5,665 480 8,510 -4,275 10,275 10,917
Net Debt 1 27,449 18,845 17,723 16,720 17,304 16,745 9,125 2,835
Reference price 2 72.61 85.85 81.01 92.37 122.74 146.41 146.41 146.41
Nbr of stocks (in thousands) 1,254,384 1,254,244 1,246,042 1,246,266 1,240,680 1,239,955 - -
Announcement Date 01/02/22 02/02/23 06/02/24 11/02/25 10/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
32.41x11.77x23.88x0.61% 1,015B
29.62x6.59x18.45x2.02% 642B
33.52x7.76x16.03x2.62% 463B
19.65x4.78x11.85x2.77% 353B
19.69x5.14x12.76x3.13% 265B
21.05x4.32x12.35x2.04% 254B
24.13x6.36x11.33x2.64% 206B
12.48x4.54x9.49x4.03% 191B
-44.28x6.46x25.23x2.25% 182B
Average 16.47x 6.41x 15.71x 2.46% 396.69B
Weighted average by Cap. 23.59x 7.64x 17.62x 2.01%

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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