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 91,081 107,677 100,942 115,118 152,281 187,146 - -
Change - 18.22% -6.25% 14.04% 32.28% 22.9% - -
Enterprise Value (EV) 1 118,530 126,522 118,665 131,838 169,585 203,892 196,271 189,981
Change - 6.74% -6.21% 11.1% 28.63% 20.23% -3.74% -3.2%
P/E 14.7x 23.6x 18x 243x 18.1x -45.6x 18.8x 17.3x
PBR 4.32x 5.05x 4.48x 5.98x 6.73x 11.2x 8.3x 6.49x
PEG - -0.9x 0.8x -2.7x 0x 0x -0x 2.03x
Capitalization / Revenue 3.34x 3.95x 3.72x 4x 5.17x 6.1x 5.73x 5.45x
EV / Revenue 4.34x 4.64x 4.38x 4.59x 5.76x 6.64x 6.01x 5.53x
EV / EBITDA 8.12x 8.86x 9.01x 11.7x 10.6x 25.9x 11x 10.4x
EV / EBIT 9.45x 10.4x 11.3x 15.5x 12.9x 62.9x 12.4x 11.2x
EV / FCF 11x 15.2x 16x 12.8x 17.9x -387x 15x 13.7x
FCF Yield 9.12% 6.59% 6.25% 7.82% 5.58% -0.26% 6.66% 7.3%
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% 2.18% 2.22% 2%
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 92.37 122.74 150.93 150.93 150.93
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
-45.65x6.64x25.94x2.18% 187B
33.65x12.19x24.78x0.59% 1,055B
30.17x6.71x18.78x1.98% 654B
33.43x7.82x16.17x2.59% 467B
19.59x4.78x11.84x2.78% 348B
20.4x5.31x13.17x3.01% 275B
21.19x4.39x12.5x2.01% 258B
26.19x6.82x12.15x2.43% 224B
11.33x4.13x8.58x4.44% 171B
18.08x3.39x8.68x6% 163B
Average 16.84x 6.22x 15.26x 2.8% 380.18B
Weighted average by Cap. 23.92x 7.68x 17.73x 2.14%

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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