Company Valuation: Synchrony Financial

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 25,387 14,805 15,803 25,307 30,049 23,092 - -
Change - -41.68% 6.74% 60.14% 18.74% -23.15% - -
Enterprise Value (EV) 1 31,557 18,702 17,526 26,058 30,258 27,230 31,994 34,655
Change - -40.74% -6.29% 48.68% 16.12% -10.01% 17.49% 8.32%
P/E 6.32x 5.34x 7.36x 7.6x 8.99x 7.52x 6.8x 5.94x
PBR 1.89x 1.19x 1.18x 1.64x 1.86x 1.45x 1.31x 1.19x
PEG - -0.3x -0.5x 0.1x 1.05x 4.38x 0.6x 0.4x
Capitalization / Revenue 2.49x 1.27x 1.16x 1.57x 2.01x 1.52x 1.45x 1.38x
EV / Revenue 3.1x 1.6x 1.29x 1.62x 2.02x 1.8x 2x 2.07x
EV / EBITDA - - - - - 3.37x 3.95x -
EV / EBIT 5.07x 2.55x 1.98x 2.31x 3.07x 2.76x 3.05x 3.12x
EV / FCF - - - - 3.07x 8.85x 10.7x -
FCF Yield - - - - 32.6% 11.3% 9.35% -
Dividend per Share 2 0.88 0.9 0.96 1 1.15 1.279 1.419 1.603
Rate of return 1.9% 2.74% 2.51% 1.54% 1.38% 1.8% 2% 2.26%
EPS 2 7.34 6.15 5.19 8.55 9.28 9.439 10.44 11.94
Distribution rate 12% 14.6% 18.5% 11.7% 12.4% 13.6% 13.6% 13.4%
Net sales 1 10,192 11,674 13,627 16,125 14,981 15,163 15,965 16,732
EBITDA 1 - - - - - 8,070 8,090 -
EBIT 1 6,229 7,337 8,869 11,286 9,846 9,882 10,498 11,117
Net income 1 4,179 2,974 2,196 3,427 3,469 3,127 3,063 3,134
Net Debt 1 6,170 3,897 1,723 751 209 4,139 8,902 11,564
Reference price 2 46.39 32.86 38.19 65.00 83.43 70.97 70.97 70.97
Nbr of stocks (in thousands) 547,259 450,541 413,804 389,344 360,171 325,371 - -
Announcement Date 28/01/22 23/01/23 23/01/24 28/01/25 27/01/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
17.2x - - 1.25% 205B
11.7x2.35x3.85x1.68% 118B
34.39x4.84x16.59x-.--% 32.59B
22.66x4.95x24.52x0.08% 28.86B
16.49x11.62x21.79x1.21% 24.15B
7.52x1.8x3.37x1.8% 23.09B
26.52x3.52x10.59x-.--% 20.3B
20.49x17.91x42.47x0.18% 14.39B
10.19x13.25x - 1.34% 11.46B
Average 18.57x 7.53x 17.60x 0.84% 53.18B
Weighted average by Cap. 17.16x 5.06x 11.97x 1.14%

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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  5. Valuation Synchrony Financial