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 91,081 107,677 100,942 115,118 152,281 183,625 - -
Change - 18.22% -6.25% 14.04% 32.28% 20.58% - -
Enterprise Value (EV) 1 118,530 126,522 118,665 131,838 169,585 200,370 192,749 186,460
Change - 6.74% -6.21% 11.1% 28.63% 18.15% -3.8% -3.26%
P/E 14.7x 23.6x 18x 243x 18.1x -45.2x 18.5x 17x
PBR 4.32x 5.05x 4.48x 5.98x 6.73x 10.1x 7.65x 6.1x
PEG - -0.9x 0.8x -2.7x 0x 0x -0x 1.99x
Capitalization / Revenue 3.34x 3.95x 3.72x 4x 5.17x 5.98x 5.62x 5.34x
EV / Revenue 4.34x 4.64x 4.38x 4.59x 5.76x 6.53x 5.9x 5.43x
EV / EBITDA 8.12x 8.86x 9.01x 11.7x 10.6x 25.5x 10.8x 10.2x
EV / EBIT 9.45x 10.4x 11.3x 15.5x 12.9x 62.4x 12.2x 11x
EV / FCF 11x 15.2x 16x 12.8x 17.9x -380x 14.7x 13.4x
FCF Yield 9.12% 6.59% 6.25% 7.82% 5.58% -0.26% 6.78% 7.44%
Dividend per Share 2 2.84 2.92 3 3.08 3.16 3.296 3.396 3.102
Rate of return 3.91% 3.4% 3.7% 3.33% 2.57% 2.23% 2.29% 2.09%
EPS 2 4.93 3.64 4.5 0.38 6.78 -3.273 8.021 8.705
Distribution rate 57.6% 80.2% 66.7% 811% 46.6% -101% 42.3% 35.6%
Net sales 1 27,305 27,281 27,116 28,754 29,443 30,693 32,695 34,363
EBITDA 1 14,598 14,283 13,177 11,287 15,953 7,859 17,834 18,324
EBIT 1 12,548 12,180 10,484 8,520 13,193 3,209 15,844 16,902
Net income 1 6,225 4,592 5,665 480 8,510 -4,275 10,275 10,917
Net Debt 1 27,449 18,845 17,723 16,720 17,304 16,745 9,125 2,835
Reference price 2 72.61 85.85 81.01 92.37 122.74 148.09 148.09 148.09
Nbr of stocks (in thousands) 1,254,384 1,254,244 1,246,042 1,246,266 1,240,680 1,239,955 - -
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.($)
33.86x12.29x24.9x0.58% 1,060B
30.03x - - 1.99% 651B
33.56x7.77x16.15x2.61% 465B
20.52x4.87x12.06x2.71% 365B
22.43x5.77x14.31x2.77% 300B
21.39x4.38x12.52x2.01% 258B
27.85x7.18x12.75x2.29% 238B
13.86x4.91x10.27x3.71% 210B
-45.25x6.53x25.49x2.23% 184B
Average 17.58x 6.71x 16.06x 2.32% 414.49B
Weighted average by Cap. 24.66x 8.19x 18.09x 1.93%

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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  5. Valuation Gilead Sciences, Inc.