Company Valuation: Gilead Sciences, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 91,081 107,677 100,942 115,118 152,281 180,267 - -
Change - 18.22% -6.25% 14.04% 32.28% 18.38% - -
Enterprise Value (EV) 1 118,530 126,522 118,665 131,838 169,585 184,877 177,168 163,260
Change - 6.74% -6.21% 11.1% 28.63% 9.02% -4.17% -7.85%
P/E ratio 14.7x 23.6x 18x 243x 18.1x 20.1x 17.4x 16.4x
PBR 4.32x 5.05x 4.48x 5.98x 6.73x 6.82x 5.25x 4.42x
PEG - -0.9x 0.8x -2.7x 0x 3.14x 1.1x 2.59x
Capitalization / Revenue 3.34x 3.95x 3.72x 4x 5.17x 5.97x 5.63x 5.37x
EV / Revenue 4.34x 4.64x 4.38x 4.59x 5.76x 6.12x 5.53x 4.86x
EV / EBITDA 8.12x 8.86x 9.01x 11.7x 10.6x 11.1x 9.97x 8.54x
EV / EBIT 9.45x 10.4x 11.3x 15.5x 12.9x 13x 11.4x 9.77x
EV / FCF 11x 15.2x 16x 12.8x 17.9x 14.6x 13.7x 12.3x
FCF Yield 9.12% 6.59% 6.25% 7.82% 5.58% 6.86% 7.3% 8.16%
Dividend per Share 2 2.84 2.92 3 3.08 3.16 3.256 3.608 2.826
Rate of return 3.91% 3.4% 3.7% 3.33% 2.57% 2.24% 2.48% 1.95%
EPS 2 4.93 3.64 4.5 0.38 6.78 7.214 8.33 8.857
Distribution rate 57.6% 80.2% 66.7% 811% 46.6% 45.1% 43.3% 31.9%
Net sales 1 27,305 27,281 27,116 28,754 29,443 30,186 32,015 33,571
EBITDA 1 14,598 14,283 13,177 11,287 15,953 16,688 17,771 19,109
EBIT 1 12,548 12,180 10,484 8,520 13,193 14,183 15,586 16,702
Net income 1 6,225 4,592 5,665 480 8,510 9,056 10,014 10,925
Net Debt 1 27,449 18,845 17,723 16,720 17,304 4,611 -3,099 -17,007
Reference price 2 72.61 85.85 81.01 92.37 122.74 145.21 145.21 145.21
Nbr of stocks (in thousands) 1,254,384 1,254,244 1,246,042 1,246,266 1,240,680 1,241,421 - -
Announcement Date 01/02/22 02/02/23 06/02/24 11/02/25 10/02/26 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
20.13x6.12x11.08x2.24% 180B
28.72x10.82x21.74x0.68% 873B
25.68x5.98x16.28x2.19% 583B
24.62x6.7x13.46x3.08% 398B
17.19x4.19x10.36x3.16% 324B
24.12x5.03x13.93x1.73% 297B
20.99x5.66x13.99x2.86% 294B
27.09x4.75x14.85x2.91% 287B
24.74x6.28x11.18x2.73% 198B
12.57x3.19x7.6x6.55% 153B
Average 22.58x 5.87x 13.45x 2.81% 358.81B
Weighted average by Cap. 24.25x 6.78x 15.35x 2.3%

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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