Company Valuation: Gilead Sciences, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 91,081 107,677 100,942 115,118 152,281 153,657 - -
Change - 18.22% -6.25% 14.04% 32.28% 0.9% - -
Enterprise Value (EV) 1 118,530 126,522 118,665 131,838 169,585 163,225 153,560 143,250
Change - 6.74% -6.21% 11.1% 28.63% -3.75% -5.92% -6.71%
P/E 14.7x 23.6x 18x 243x 18.1x -44.3x 16.1x 14.7x
PBR 4.32x 5.05x 4.48x 5.98x 6.73x 8.41x 6.51x 5.17x
PEG - -0.9x 0.8x -2.7x 0x 0x -0x 1.61x
Capitalization / Revenue 3.34x 3.95x 3.72x 4x 5.17x 5.04x 4.74x 4.49x
EV / Revenue 4.34x 4.64x 4.38x 4.59x 5.76x 5.36x 4.73x 4.19x
EV / EBITDA 8.12x 8.86x 9.01x 11.7x 10.6x 29.5x 8.45x 7.49x
EV / EBIT 9.45x 10.4x 11.3x 15.5x 12.9x 59.6x 9.88x 8.61x
EV / FCF 11x 15.2x 16x 12.8x 17.9x 160x 11.6x 10.3x
FCF Yield 9.12% 6.59% 6.25% 7.82% 5.58% 0.62% 8.62% 9.71%
Dividend per Share 2 2.84 2.92 3 3.08 3.16 3.246 3.316 2.959
Rate of return 3.91% 3.4% 3.7% 3.33% 2.57% 2.62% 2.68% 2.39%
EPS 2 4.93 3.64 4.5 0.38 6.78 -2.791 7.7 8.404
Distribution rate 57.6% 80.2% 66.7% 811% 46.6% -116% 43.1% 35.2%
Net sales 1 27,305 27,281 27,116 28,754 29,443 30,478 32,450 34,218
EBITDA 1 14,598 14,283 13,177 11,287 15,953 5,525 18,175 19,128
EBIT 1 12,548 12,180 10,484 8,520 13,193 2,738 15,538 16,633
Net income 1 6,225 4,592 5,665 480 8,510 -3,373 9,603 10,404
Net Debt 1 27,449 18,845 17,723 16,720 17,304 9,568 -96.43 -10,407
Reference price 2 72.61 85.85 81.01 92.37 122.74 123.76 123.76 123.76
Nbr of stocks (in thousands) 1,254,384 1,254,244 1,246,042 1,246,266 1,240,680 1,241,570 - -
Announcement Date 2/1/22 A 2/2/23 A 2/6/24 A 2/11/25 A 2/10/26 A - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
32.01x11.69x23.99x0.62% 980B
24.41x5.63x15.32x2.34% 550B
26.86x6.49x13.28x3.17% 382B
17.04x4.24x10.43x3.13% 316B
21.94x4.59x13.02x1.91% 272B
20.28x5.27x12.78x3.05% 268B
13x4.83x9.94x3.87% 199B
21.95x5.91x10.33x2.99% 182B
11.79x3.11x7.57x6.95% 144B
Average 21.03x 5.75x 12.96x 3.11% 365.82B
Weighted average by Cap. 24.33x 7.14x 15.86x 2.35%

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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-40%: Exceptional extension
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