Company Valuation: Alvotech

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 308.8 2,486 3,048 3,991 1,606 2,099 - -
Change - 705.34% 22.59% 30.92% -59.76% 30.69% - -
Enterprise Value (EV) 1 308.8 3,165 3,959 5,330 2,883 3,176 3,156 3,049
Change - 925.01% 25.11% 34.63% -45.92% 10.15% -0.62% -3.4%
P/E -0.8x -3.85x -4.72x -15.2x 9.5x 113x 19.8x 11.5x
PBR - -4.41x -2.8x -8.59x -5.22x -11.2x -27.2x 15.8x
PEG - 0x 0.72x 0.2x -0x -1.3x 0x 0.2x
Capitalization / Revenue 8.4x 29.9x 32.6x 8.11x 2.73x 3.18x 2.71x 2.32x
EV / Revenue 8.4x 38.1x 42.4x 10.8x 4.9x 4.82x 4.07x 3.37x
EV / EBITDA - -9.71x -12x 52.8x 24.8x 17.2x 12x 8.49x
EV / EBIT - -9.13x -11.2x 76.5x 36.9x 22.4x 14.2x 9.71x
EV / FCF - -9.04x -11.5x -18.3x -18.7x -24.2x 95.6x 29.3x
FCF Yield - -11.1% -8.72% -5.45% -5.36% -4.13% 1.05% 3.41%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -12.29 -2.6 -2.43 -0.87 0.54 0.052 0.297 0.5107
Distribution rate - - - - - - - -
Net sales 1 36.77 83.03 93.38 492 588.9 659.3 775.7 904.5
EBITDA 1 - -326 -330.6 100.9 116.1 184.4 263 359
EBIT 1 - -346.4 -354.9 69.64 78.21 141.5 222.1 314.1
Net income 1 - -513.6 -551.7 -231.9 157.9 30.36 109.1 178.4
Net Debt 1 - 678.2 911 1,340 1,277 1,077 1,057 949.9
Reference price 2 9.880 10.000 11.480 13.230 5.130 5.880 5.880 5.880
Nbr of stocks (in thousands) 31,250 248,650 265,530 301,640 313,019 356,912 - -
Announcement Date 5/10/22 A 3/1/23 A 3/20/24 A 3/26/25 A 3/18/26 A - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
33.31x5.98x17.9x0.97% 48.01B
35.42x3.39x14.64x-.--% 45.27B
47.15x5.46x29.88x-.--% 40.93B
-20.54x221.64x-22.17x-.--% 42.84B
26.85x7.74x19.93x0.42% 29.6B
35.29x5.79x26.32x-.--% 17.32B
25.91x2.22x9.63x1.03% 15.34B
-59.05x9.67x236.13x-.--% 14.84B
Average 15.54x 32.74x 41.53x 0.3% 31.77B
Weighted average by Cap. 20.38x 41.97x 25.55x 0.3%

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