Company Valuation: H. Lundbeck A/S

Data adjusted to current consolidation scope
Fiscal Period: December 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 25,433 31,719 39,416 41,398 39,954 - -
Change - 24.72% 24.27% 5.03% -3.49% - -
Enterprise Value (EV) 1 27,464 31,008 51,598 49,619 44,170 39,874 36,004
Change - 12.91% 66.4% -3.84% -10.98% -9.73% -9.71%
P/E ratio 13.5x 14.2x 13x 13.4x 9.62x 9.53x 10.2x
PBR 1.24x 1.47x 1.64x 1.72x 1.43x 1.27x 1.18x
PEG - 0.7x 0.3x 8.5x 0.3x 10.39x -1.54x
Capitalization / Revenue 1.39x 1.59x 1.79x 1.68x 1.57x 1.57x 1.6x
EV / Revenue 1.51x 1.56x 2.34x 2.01x 1.74x 1.56x 1.44x
EV / EBITDA 5.89x 5.49x 8.13x 6.3x 5.54x 4.99x 4.74x
EV / EBIT 9.63x 9.71x 15.8x 9.41x 7.3x 6.61x 6.38x
EV / FCF 10.2x 8.66x 18.7x 10.2x 8.33x 6.81x 6.64x
FCF Yield 9.83% 11.5% 5.35% 9.8% 12% 14.7% 15.1%
Dividend per Share 2 0.58 0.7 0.95 1.15 1.4 1.423 1.381
Rate of return 2.23% 2.14% 2.3% 2.66% 3.35% 3.41% 3.31%
EPS 2 1.93 2.31 3.17 3.22 4.34 4.38 4.09
Distribution rate 30.1% 30.3% 30% 35.7% 32.3% 32.5% 33.8%
Net sales 1 18,246 19,912 22,004 24,630 25,374 25,516 24,943
EBITDA 1 4,663 5,652 6,347 7,881 7,969 7,991 7,598
EBIT 1 2,852 3,195 3,270 5,275 6,047 6,031 5,643
Net income 1 1,916 2,290 3,143 3,192 4,365 4,596 4,217
Net Debt 1 2,031 -711 12,182 8,221 4,215 -80.41 -3,950
Reference price 2 26.05 32.76 41.32 43.16 41.74 41.74 41.74
Nbr of stocks (in thousands) 992,840 992,840 992,011 991,227 991,227 - -
Announcement Date 07/02/23 07/02/24 05/02/25 04/02/26 - - -
1DKK in Million2DKK
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
9.62x1.74x5.54x3.35% 6.3B
24.64x0.26x15.97x0.35% 106B
25.94x0.21x14.06x0.96% 50.15B
43.76x2.95x27.44x1.45% 22.59B
16.05x1.3x10.12x1.94% 9.05B
11.69x0.22x5.76x2.5% 8.39B
7.66x0.1x2.89x3.93% 8.27B
24.84x1.23x15.33x2.82% 5.72B
10.12x0.14x4.81x4.18% 3.9B
13.66x - - 2.26% 3.64B
Average 18.80x 0.91x 11.32x 2.38% 22.42B
Weighted average by Cap. 24.55x 0.63x 15.08x 1.12%

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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