Company Valuation: Roche Holding AG

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 306,810 239,812 197,073 205,191 262,098 266,472 - -
Change - -21.84% -17.82% 4.12% 27.73% 1.67% - -
Enterprise Value (EV) 1 324,977 255,396 215,772 222,528 278,258 277,027 270,387 262,746
Change - -21.41% -15.51% 3.13% 25.04% -0.44% -2.4% -2.83%
P/E 23.4x 18.9x 17.1x 24.8x 20.5x 17.9x 16.6x 15.3x
PBR 13.2x 8.29x 5.91x 5.67x 7.8x 6.61x 5.57x 4.74x
PEG - -3.69x -2.48x -0.9x 0.4x 1.1x 2.23x 1.71x
Capitalization / Revenue 4.89x 3.79x 3.36x 3.39x 4.26x 4.26x 4.08x 3.89x
EV / Revenue 5.17x 4.04x 3.67x 3.68x 4.52x 4.43x 4.14x 3.84x
EV / EBITDA 13.2x 10.2x 9.82x 9.45x 11.3x 10.9x 9.98x 9.12x
EV / EBIT 14.8x 11.5x 11.2x 10.7x 12.7x 12.3x 11.2x 10.2x
EV / FCF 20.7x 19.6x 19.1x 14.5x 23.6x 17.9x 16.7x 15x
FCF Yield 4.83% 5.11% 5.23% 6.89% 4.24% 5.59% 5.99% 6.64%
Dividend per Share 2 9.3 9.5 9.6 9.7 9.8 10.01 10.25 10.53
Rate of return 2.45% 3.27% 3.93% 3.8% 2.99% 3% 3.07% 3.15%
EPS 2 16.2 15.37 14.31 10.31 16.04 18.72 20.11 21.91
Distribution rate 57.4% 61.8% 67.1% 94.1% 61.1% 53.5% 51% 48%
Net sales 1 62,801 63,281 58,716 60,495 61,516 62,600 65,285 68,420
EBITDA 1 24,692 25,015 21,976 23,538 24,608 25,403 27,106 28,820
EBIT 1 21,897 22,173 19,240 20,823 21,833 22,592 24,172 25,728
Net income 1 13,930 12,421 11,498 8,277 12,880 15,225 16,347 17,569
Net Debt 1 18,167 15,584 18,699 17,337 16,160 10,555 3,915 -3,725
Reference price 2 379.10 290.50 244.50 255.50 328.20 334.20 334.20 334.20
Nbr of stocks (in thousands) 800,952 800,579 798,652 796,789 796,317 795,618 - -
Announcement Date 03/02/22 02/02/23 01/02/24 30/01/25 29/01/26 - - -
1CHF in Million2CHF
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
35.04x12.53x26.21x0.57% 1,051B
27.19x6.2x16.98x2.12% 609B
33.15x7.52x15.43x2.7% 450B
21.66x5.55x13.44x2.84% 284B
21.16x4.46x12.34x1.97% 263B
14.45x5.41x11.15x3.44% 223B
24.02x6.35x11.22x2.75% 198B
-48.37x5.78x31.95x2.42% 167B
12.72x3.11x7.86x6.89% 143B
Average 15.67x 6.32x 16.29x 2.86% 376.38B
Weighted average by Cap. 24.13x 7.96x 18.61x 2.11%

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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  3. ROP Stock
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  5. Valuation Roche Holding AG