Company Valuation: Ventas, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 20,406 18,007 20,041 24,705 36,348 47,094 - -
Change - -11.75% 11.29% 23.27% 47.13% 29.56% - -
Enterprise Value (EV) 1 32,284 30,182 33,023 37,330 48,573 59,521 59,977 60,610
Change - -6.51% 9.41% 13.04% 30.12% 22.54% 0.77% 1.06%
P/E 393x -375x -498x 310x 143x 166x 97.6x 71.4x
PBR 1.88x 1.77x 2.13x 2.28x 2.93x 3.12x 3.37x 3.42x
PEG - 2x 29.9x -1x 1x 61.06x 1.4x 1.9x
Capitalization / Revenue 5.33x 4.36x 4.46x 5.02x 6.23x 6.76x 6.07x 5.4x
EV / Revenue 8.43x 7.31x 7.34x 7.58x 8.33x 8.55x 7.73x 6.96x
EV / EBITDA 19.5x 17.3x 18x 18.7x 21.2x 23.5x 20.7x 18.9x
EV / EBIT 70.3x 55.3x 74.8x 50.3x 53.1x 65.3x 51.9x 42.3x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 1.8 1.8 1.8 1.8 1.92 2.08 2.24 2.438
Rate of return 3.52% 4% 3.61% 3.06% 2.48% 2.27% 2.44% 2.66%
EPS 2 0.13 -0.12 -0.1 0.19 0.54 0.5547 0.9408 1.286
Distribution rate 1,385% -1,500% -1,800% 947% 356% 375% 238% 190%
Net sales 1 3,828 4,129 4,498 4,924 5,834 6,963 7,759 8,713
EBITDA 1 1,656 1,744 1,834 1,995 2,295 2,527 2,900 3,210
EBIT 1 459 545.7 441.6 742 915.4 910.9 1,156 1,432
Net income 1 49.01 -47.45 -40.97 81.15 251.4 285.5 498.8 702.7
Net Debt 1 11,878 12,174 12,982 12,625 12,225 12,427 12,883 13,516
Reference price 2 51.12 45.05 49.84 58.89 77.38 91.81 91.81 91.81
Nbr of stocks (in thousands) 399,176 399,718 402,104 419,508 469,733 512,946 - -
Announcement Date 17/02/22 09/02/23 14/02/24 12/02/25 05/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
82.87x13.16x35.39x1.32% 172B
165.52x8.55x23.55x2.26% 47.09B
45.57x7.84x14.02x5.86% 14.45B
19.53x16.61x14.98x5.87% 13.94B
91.89x4.6x24.87x1.82% 12.84B
25.79x17.03x18.54x4% 9.22B
7.83x15.47x18x6.12% 6.62B
-191.95x9.43x15.91x5.06% 6.51B
37.51x8.51x15.34x5.83% 5.27B
Average 31.62x 11.24x 20.07x 4.24% 31.95B
Weighted average by Cap. 81.25x 11.93x 29.17x 2.31%

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