Company Valuation: GSK plc

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 80,458 58,381 59,112 54,944 73,201 75,232 - -
Change - -27.44% 1.25% -7.05% 33.23% 2.77% - -
Enterprise Value (EV) 1 100,296 75,578 74,152 68,039 87,654 95,913 93,199 90,323
Change - -24.65% -1.89% -8.24% 28.83% 9.42% -2.83% -3.09%
P/E 18.6x 3.93x 11.9x 21.3x 12.9x 14.4x 12x 11x
PBR 5.34x 5.47x 4.4x 4.02x 4.51x 4.59x 4.03x 3.55x
PEG - 0x -0.2x -0.4x 0x -1.89x 0.6x 1.24x
Capitalization / Revenue 2.36x 1.99x 1.95x 1.75x 2.24x 2.22x 2.12x 2.06x
EV / Revenue 2.94x 2.58x 2.45x 2.17x 2.68x 2.83x 2.63x 2.47x
EV / EBITDA 8.85x 7.23x 6.37x 6.36x 7.77x 8.36x 7.6x 7.11x
EV / EBIT 11.4x 9.27x 8.44x 7.44x 8.96x 9.3x 8.44x 7.83x
EV / FCF 22.6x 12.1x 13.6x 13x 13.7x 17.3x 16.1x 13.3x
FCF Yield 4.42% 8.28% 7.36% 7.67% 7.32% 5.79% 6.21% 7.53%
Dividend per Share 2 1 0.6125 0.58 0.61 0.66 0.6958 0.7494 0.7843
Rate of return 4.98% 4.26% 4% 4.53% 3.62% 3.71% 3.99% 4.18%
EPS 2 1.082 3.662 1.216 0.632 1.411 1.303 1.571 1.71
Distribution rate 92.4% 16.7% 47.7% 96.5% 46.8% 53.4% 47.7% 45.9%
Net sales 1 34,114 29,324 30,328 31,376 32,667 33,934 35,504 36,608
EBITDA 1 11,330 10,449 11,635 10,693 11,278 11,466 12,264 12,707
EBIT 1 8,806 8,151 8,786 9,148 9,783 10,310 11,046 11,531
Net income 1 4,385 14,956 4,928 2,575 5,716 5,348 6,284 6,856
Net Debt 1 19,838 17,197 15,040 13,095 14,453 20,681 17,968 15,091
Reference price 2 20.08 14.38 14.50 13.46 18.24 18.78 18.78 18.78
Nbr of stocks (in thousands) 4,006,383 4,060,999 4,076,145 4,080,519 4,012,126 4,007,011 - -
Announcement Date 2/9/22 A 2/1/23 A 1/31/24 A 2/5/25 A 2/4/26 A - - -
1GBP in Million2GBP
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
32.78x11.92x24.16x0.6% 1,028B
30.03x6.68x18.7x1.99% 651B
33.38x7.81x16.15x2.6% 466B
19.33x4.72x11.71x2.81% 346B
19.72x5.16x12.79x3.11% 266B
21.26x4.42x12.58x1.99% 259B
24.43x6.42x11.43x2.62% 208B
12.52x4.56x9.46x4.01% 191B
-45.4x6.61x25.81x2.19% 186B
Average 16.45x 6.48x 15.87x 2.44% 400.19B
Weighted average by Cap. 23.68x 7.73x 17.83x 1.99%

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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