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 47,960 - -
Change - -11.75% 11.29% 23.27% 47.13% 31.95% - -
Enterprise Value (EV) 1 32,284 30,182 33,023 37,330 48,573 60,387 60,844 61,477
Change - -6.51% 9.41% 13.04% 30.12% 24.32% 0.76% 1.04%
P/E 393x -375x -498x 310x 143x 167x 98.7x 72.2x
PBR 1.88x 1.77x 2.13x 2.28x 2.93x 3.16x 3.41x 3.46x
PEG - 2x 29.9x -1x 1x 61.43x 1.4x 2x
Capitalization / Revenue 5.33x 4.36x 4.46x 5.02x 6.23x 6.89x 6.18x 5.5x
EV / Revenue 8.43x 7.31x 7.34x 7.58x 8.33x 8.67x 7.84x 7.06x
EV / EBITDA 19.5x 17.3x 18x 18.7x 21.2x 23.9x 21x 19.2x
EV / EBIT 70.3x 55.3x 74.8x 50.3x 53.1x 66.3x 52.7x 42.9x
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% 2.24% 2.41% 2.62%
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 92.89 92.89 92.89
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.($)
168.57x8.67x23.89x2.22% 47.96B
84.09x13.33x35.86x1.3% 174B
46.92x7.99x14.28x5.69% 14.88B
19.94x16.88x15.23x5.74% 14.23B
94.58x4.73x25.6x1.77% 13.22B
26.39x17.38x18.92x3.91% 9.44B
7.9x15.55x18.1x6.06% 6.71B
-194.68x9.51x16.05x4.98% 6.6B
38.24x8.62x15.54x5.72% 5.37B
141.53x7.54x19.8x2.92% 5.02B
Average 43.35x 11.02x 20.33x 4.03% 29.75B
Weighted average by Cap. 83.65x 12.01x 29.39x 2.28%

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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