Company Valuation: GSK plc

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 80,458 58,381 59,112 54,944 73,201 76,133 - -
Change - -27.44% 1.25% -7.05% 33.23% 4.01% - -
Enterprise Value (EV) 1 100,296 75,578 74,152 68,039 87,654 96,814 94,101 91,224
Change - -24.65% -1.89% -8.24% 28.83% 10.45% -2.8% -3.06%
P/E 18.6x 3.93x 11.9x 21.3x 12.9x 14.6x 12.1x 11.1x
PBR 5.34x 5.47x 4.4x 4.02x 4.51x 4.65x 4.08x 3.59x
PEG - 0x -0.2x -0.4x 0x -1.91x 0.6x 1.25x
Capitalization / Revenue 2.36x 1.99x 1.95x 1.75x 2.24x 2.24x 2.14x 2.08x
EV / Revenue 2.94x 2.58x 2.45x 2.17x 2.68x 2.85x 2.65x 2.49x
EV / EBITDA 8.85x 7.23x 6.37x 6.36x 7.77x 8.44x 7.67x 7.18x
EV / EBIT 11.4x 9.27x 8.44x 7.44x 8.96x 9.39x 8.52x 7.91x
EV / FCF 22.6x 12.1x 13.6x 13x 13.7x 17.4x 16.2x 13.4x
FCF Yield 4.42% 8.28% 7.36% 7.67% 7.32% 5.73% 6.15% 7.45%
Dividend per Share 2 1 0.6125 0.58 0.61 0.66 0.6958 0.7494 0.7843
Rate of return 4.98% 4.26% 4% 4.53% 3.62% 3.66% 3.94% 4.13%
EPS 2 1.082 3.662 1.216 0.632 1.411 1.303 1.571 1.71
Distribution rate 92.4% 16.7% 47.7% 96.5% 46.8% 53.4% 47.7% 45.9%
Net sales 1 34,114 29,324 30,328 31,376 32,667 33,934 35,504 36,608
EBITDA 1 11,330 10,449 11,635 10,693 11,278 11,466 12,264 12,707
EBIT 1 8,806 8,151 8,786 9,148 9,783 10,310 11,046 11,531
Net income 1 4,385 14,956 4,928 2,575 5,716 5,348 6,284 6,856
Net Debt 1 19,838 17,197 15,040 13,095 14,453 20,681 17,968 15,091
Reference price 2 20.08 14.38 14.50 13.46 18.24 19.00 19.00 19.00
Nbr of stocks (in thousands) 4,006,383 4,060,999 4,076,145 4,080,519 4,012,126 4,007,011 - -
Announcement Date 09/02/22 01/02/23 31/01/24 05/02/25 04/02/26 - - -
1GBP in Million2GBP
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.58x2.85x8.44x3.66% 102B
32.77x11.91x24.15x0.6% 1,027B
30.06x6.68x18.71x1.99% 651B
33.39x7.81x16.15x2.6% 467B
19.57x4.78x11.84x2.77% 350B
19.88x5.19x12.87x3.09% 268B
21.24x4.38x12.5x2.01% 257B
24.06x6.34x11.29x2.66% 205B
12.43x4.52x9.45x4.04% 190B
-45.64x6.64x25.94x2.18% 187B
Average 16.23x 6.11x 15.13x 2.56% 370.38B
Weighted average by Cap. 23.40x 7.59x 17.59x 2.03%

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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