Company Valuation: Amgen Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 126,718 140,139 154,142 140,103 176,250 225,752 - -
Change - 10.59% 9.99% -9.11% 25.8% 28.09% - -
Enterprise Value (EV) 1 151,990 169,779 207,811 188,229 221,725 267,303 261,649 256,615
Change - 11.7% 22.4% -9.42% 17.8% 20.56% -2.11% -1.92%
P/E 21.9x 21.7x 23.1x 34.5x 23x 26.5x 23.7x 22.7x
PBR 18.7x 38.3x 24.7x 23.8x 20.4x 20.2x 16.4x 13.2x
PEG - 1.2x 7.36x -0.9x 0.3x 2.5x 2x 5.27x
Capitalization / Revenue 4.88x 5.32x 5.47x 4.19x 4.8x 5.79x 5.59x 5.41x
EV / Revenue 5.85x 6.45x 7.37x 5.63x 6.03x 6.86x 6.48x 6.15x
EV / EBITDA 9.61x 10.5x 11.9x 9.13x 10.4x 12.3x 11.8x 11.5x
EV / EBIT 12.2x 13.3x 15.5x 12.5x 13.7x 15.8x 14.7x 13.9x
EV / FCF 18.1x 19.3x 28.2x 18.1x 27.4x 24.1x 17.6x 16.4x
FCF Yield 5.51% 5.17% 3.54% 5.52% 3.65% 4.16% 5.7% 6.09%
Dividend per Share 2 7.04 7.76 8.52 9 9.52 10.09 10.66 11.12
Rate of return 3.13% 2.95% 2.96% 3.45% 2.91% 2.42% 2.55% 2.66%
EPS 2 10.28 12.11 12.49 7.56 14.23 15.75 17.65 18.41
Distribution rate 68.5% 64.1% 68.2% 119% 66.9% 64% 60.4% 60.4%
Net sales 1 25,979 26,323 28,190 33,424 36,751 38,969 40,377 41,757
EBITDA 1 15,822 16,178 17,470 20,620 21,370 21,769 22,184 22,339
EBIT 1 12,424 12,761 13,399 15,028 16,203 16,944 17,744 18,479
Net income 1 5,893 6,552 6,717 4,090 7,711 8,540 9,426 9,983
Net Debt 1 25,272 29,640 53,669 48,126 45,475 41,551 35,898 30,863
Reference price 2 224.97 262.64 288.02 260.64 327.31 417.57 417.57 417.57
Nbr of stocks (in thousands) 563,266 533,579 535,178 537,533 538,481 540,632 - -
Announcement Date 2/7/22 A 1/31/23 A 2/6/24 A 2/4/25 A 2/3/26 A - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
33.65x12.2x25.64x0.58% 1,054B
29.26x6.48x18.46x2.02% 636B
35.78x8.25x17.01x2.47% 497B
111.13x5.93x25.32x2.35% 359B
19.43x4.75x11.8x2.78% 345B
20.12x5.29x13.01x3.01% 273B
20.57x4.22x12.08x2.1% 246B
26.51x6.86x12.28x2.42% 226B
-45.64x6.72x26.17x2.19% 187B
Average 27.87x 6.74x 17.97x 2.21% 424.69B
Weighted average by Cap. 33.09x 7.88x 19.51x 1.89%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Amgen Inc.

Historical PBR trend

Valuation ratios - PBR - Amgen Inc.

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Amgen Inc.

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Amgen Inc.


Year-on-year evolution of the Yield

Valuation ratios - Yield - Amgen Inc.