Company Valuation: Sanofi

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 98,877 111,194 112,665 112,549 116,968 99,802 99,802 -
Change - 12.46% 1.32% -0.1% 3.93% -14.68% 0% -
Enterprise Value (EV) 1 107,666 121,177 119,102 120,342 125,740 111,663 109,550 105,767
Change - 12.55% -1.71% 1.04% 4.49% -11.2% -2.22% -3.45%
P/E ratio 8.01x 17.8x 16.7x 20.8x 20.4x 12.9x 12.5x 11.3x
PBR 1.57x 1.62x 1.5x 1.52x 1.51x 1.41x 1.27x 1.2x
PEG - -0.4x 2.07x -1.1x 3.14x 0.3x -9.7x 1.14x
Capitalization / Revenue 2.74x 2.94x 2.62x 2.61x 2.85x 2.31x 2.15x 2.02x
EV / Revenue 2.99x 3.21x 2.77x 2.79x 3.06x 2.56x 2.36x 2.14x
EV / EBITDA 9.41x 9.95x 8.14x 8.44x 9.76x 8.22x 7.81x 7.11x
EV / EBIT 11x 11.3x 9.13x 9.5x 11.1x 9.19x 8.45x 7.66x
EV / FCF 15.4x 15x 14x 14.2x 21.1x 13.8x 16.7x 11.1x
FCF Yield 6.48% 6.68% 7.12% 7.04% 4.74% 7.24% 5.99% 8.98%
Dividend per Share 2 3.2 3.33 3.56 3.76 3.92 4.12 4.211 4.512
Rate of return 4.07% 3.76% 3.96% 4.19% 4.18% 4.98% 5.1% 5.47%
EPS 2 9.82 4.97 5.37 4.31 4.59 6.4 6.624 7.28
Distribution rate 32.6% 67% 66.3% 87.2% 85.4% 64.4% 63.6% 62%
Net sales 1 36,041 37,761 42,997 43,070 41,081 43,626 46,454 49,309
EBITDA 1 11,443 12,183 14,627 14,259 12,889 13,583 14,018 14,879
EBIT 1 9,762 10,714 13,040 12,670 11,343 12,149 12,965 13,814
Net income 1 12,314 6,223 6,720 5,400 5,744 7,813 8,428 9,174
Net Debt 1 8,789 9,983 6,437 7,793 8,772 11,008 9,748 5,965
Reference price 2 78.70 88.58 89.84 89.76 93.74 82.56 82.56 82.56
Nbr of stocks (in thousands) 1,256,375 1,255,293 1,254,060 1,253,891 1,247,793 1,208,842 1,208,842 -
Announcement Date 05/02/21 04/02/22 03/02/23 01/02/24 30/01/25 29/01/26 - -
1EUR in Million2EUR
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
12.3x2.57x8.4x4.98% 118B
45.03x14.66x32.51x0.58% 909B
21.88x6.45x17.93x2.14% 580B
61.68x7.33x18.16x2.96% 390B
18.46x4.66x11.57x2.82% 370B
21.04x5.88x14.48x2.75% 305B
31.88x5.72x17.06x1.61% 314B
15.41x4.95x10.8x2.71% 296B
14.71x5.03x10.56x3.54% 216B
28.48x6.66x11.4x2.61% 197B
Average 27.09x 6.39x 15.28x 2.67% 369.58B
Weighted average by Cap. 31.32x 7.96x 18.89x 2.16%

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