Company Valuation: Bayer AG

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 46,174 47,476 33,039 18,975 36,360 48,394 - -
Change - 2.82% -30.41% -42.57% 91.62% 33.1% - -
Enterprise Value (EV) 1 79,140 78,749 67,302 51,329 82,696 78,239 75,059 71,718
Change - -0.49% -14.54% -23.73% 61.11% -5.39% -4.06% -4.45%
P/E 46.1x 11.5x -11.2x -7.43x -10.1x 21x 15.8x 13.7x
PBR 1.4x 1.22x 1x 0.59x 1.4x 1.72x 1.56x 1.43x
PEG - 0x 0x 0.6x -0.2x -0x 0.5x 0.9x
Capitalization / Revenue 1.05x 0.94x 0.69x 0.41x 0.8x 1.06x 1.03x 1x
EV / Revenue 1.8x 1.55x 1.41x 1.1x 1.81x 1.71x 1.6x 1.48x
EV / EBITDA 7.08x 5.83x 5.75x 5.07x 8.55x 8.08x 7.29x 6.48x
EV / EBIT 10.8x 8.51x 8.87x 9.44x 16.2x 13.6x 11.6x 10.1x
EV / FCF 31.9x 19x 28.4x 11.2x 24x -130x 21x 17.3x
FCF Yield 3.13% 5.26% 3.52% 8.94% 4.16% -0.77% 4.77% 5.79%
Dividend per Share 2 2 2.4 0.11 0.11 0.11 0.1569 0.53 0.9835
Rate of return 4.26% 4.97% 0.33% 0.57% 0.3% 0.32% 1.08% 2%
EPS 2 1.02 4.22 -2.99 -2.6 -3.68 2.342 3.12 3.606
Distribution rate 196% 56.9% -3.68% -4.23% -2.99% 6.7% 17% 27.3%
Net sales 1 44,081 50,739 47,637 46,606 45,575 45,754 46,979 48,556
EBITDA 1 11,179 13,513 11,706 10,123 9,669 9,684 10,295 11,072
EBIT 1 7,295 9,257 7,589 5,436 5,108 5,735 6,474 7,076
Net income 1 1,000 4,150 -2,941 -2,552 -3,620 2,136 2,941 3,468
Net Debt 1 32,966 31,273 34,263 32,354 46,336 29,845 26,665 23,323
Reference price 2 47.00 48.32 33.63 19.31 37.01 49.26 49.26 49.26
Nbr of stocks (in thousands) 982,424 982,424 982,424 982,424 982,424 982,424 - -
Announcement Date 3/1/22 A 2/28/23 A 3/5/24 A 3/4/25 A 3/4/26 A - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
35.12x12.73x25.81x0.56% 1,100B
30.38x - - 1.97% 658B
33.92x7.84x16.3x2.58% 470B
20.83x4.94x12.23x2.67% 372B
22.71x5.84x14.47x2.73% 304B
21.88x4.48x12.79x1.96% 264B
27.97x7.21x12.8x2.28% 239B
13.99x4.96x10.35x3.67% 213B
-45.46x6.56x25.6x2.22% 184B
Average 17.93x 6.82x 16.29x 2.29% 422.54B
Weighted average by Cap. 25.31x 8.41x 18.55x 1.89%

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