Company Valuation: Gedeon Richter

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,619,625 1,542,290 1,627,029 1,893,161 1,799,226 2,197,774 - -
Change - -4.77% 5.49% 16.36% -4.96% 22.15% - -
Enterprise Value (EV) 1 1,559,769 1,395,557 1,546,536 1,782,343 1,588,618 1,883,184 1,776,383 1,657,769
Change - -10.53% 10.82% 15.25% -10.87% 18.54% -5.67% -6.68%
P/E 11.6x 9.94x 10.2x 7.96x 7.76x 8.42x 7.72x 7.05x
PBR 1.78x 1.47x 1.44x 1.49x 1.31x 1.45x 1.32x 1.2x
PEG - 0.9x 3.41x 0.2x -2.82x 0.7x 0.86x 0.74x
Capitalization / Revenue 2.57x 1.92x 2.02x 2.21x 1.94x 2.31x 2.15x 2x
EV / Revenue 2.47x 1.74x 1.92x 2.08x 1.71x 1.98x 1.74x 1.51x
EV / EBITDA 8.86x 7.1x 6.43x 5.74x 4.5x 5.18x 4.56x 3.91x
EV / EBIT 11.5x 9.09x 8.15x 6.82x 5.42x 6.28x 5.44x 4.71x
EV / FCF -460x 12.3x 17.9x 8.26x 7.56x 8.86x 7.68x 6.59x
FCF Yield -0.22% 8.12% 5.6% 12.1% 13.2% 11.3% 13% 15.2%
Dividend per Share 2 225 390 - - - 620.6 664.4 733
Rate of return 2.58% 4.7% - - - 5.15% 5.51% 6.08%
EPS 2 751 835 860 1,307 1,271 1,432 1,561 1,709
Distribution rate 30% 46.7% - - - 43.3% 42.6% 42.9%
Net sales 1 630,595 802,755 805,158 857,545 928,962 951,724 1,023,546 1,098,192
EBITDA 1 176,123 196,480 240,625 310,678 353,314 363,366 389,794 424,113
EBIT 1 135,832 153,555 189,817 261,157 292,851 299,996 326,732 351,898
Net income 1 139,626 155,581 158,850 239,244 232,335 259,474 286,154 313,070
Net Debt 1 -59,856 -146,733 -80,493 -110,818 -210,608 -314,590 -421,390 -540,005
Reference price 2 8,725.00 8,300.00 8,750.00 10,400.00 9,865.00 12,050.00 12,050.00 12,050.00
Nbr of stocks (in thousands) 185,630 185,818 185,946 182,035 182,385 182,388 - -
Announcement Date 3/2/22 A 2/28/23 A 2/29/24 A 4/7/25 A 2/27/26 A - - -
1HUF in Million2HUF
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
38.42x7.29x24.84x0.81% 47.26B
17.96x2.02x9.54x1.35% 35B
28.21x3.49x17.88x0.85% 12.52B
24.4x4.22x15.73x0.73% 11.74B
18.81x3.23x11.75x3.63% 8.67B
16.09x2.04x6.88x3.28% 6.9B
33.46x3.81x16.19x0.24% 6.58B
42.52x - - - 5.23B
40.82x7.82x29x0.97% 4.52B
Average 28.97x 4.24x 16.48x 1.48% 15.38B
Weighted average by Cap. 28.79x 4.59x 17.29x 1.24%

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