Company Valuation: GSK plc

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 80,458 58,381 59,112 54,944 73,201 83,213 - -
Change - -27.44% 1.25% -7.05% 33.23% 13.68% - -
Enterprise Value (EV) 1 100,296 75,578 74,152 68,039 87,654 95,195 92,466 90,485
Change - -24.65% -1.89% -8.24% 28.83% 8.6% -2.87% -2.14%
P/E ratio 18.6x 3.93x 11.9x 21.3x 12.9x 13x 12.1x 11.6x
PBR 5.34x 5.47x 4.4x 4.02x - 4.42x 3.69x 3.28x
PEG - 0x -0.2x -0.4x 0x 1x 1.56x 2.74x
Capitalization / Revenue 2.36x 1.99x 1.95x 1.75x 2.24x 2.46x 2.35x 2.28x
EV / Revenue 2.94x 2.58x 2.45x 2.17x 2.68x 2.82x 2.61x 2.48x
EV / EBITDA 8.85x 7.23x 6.37x 6.36x 7.77x 8.15x 7.45x 7.15x
EV / EBIT 11.4x 9.27x 8.44x 7.44x 8.96x 9.35x 8.39x 7.78x
EV / FCF 22.6x 12.1x 13.6x 13x 13.7x 14.9x 14.4x 12.6x
FCF Yield 4.42% 8.28% 7.36% 7.67% 7.32% 6.7% 6.94% 7.92%
Dividend per Share 2 1 0.6125 0.58 0.61 0.66 0.693 0.761 0.7633
Rate of return 4.98% 4.26% 4% 4.53% 3.62% 3.34% 3.67% 3.68%
EPS 2 1.082 3.662 1.216 0.632 1.411 1.594 1.717 1.79
Distribution rate 92.4% 16.7% 47.7% 96.5% 46.8% 43.5% 44.3% 42.6%
Net sales 1 34,114 29,324 30,328 31,376 32,667 33,804 35,419 36,517
EBITDA 1 11,330 10,449 11,635 10,693 11,278 11,681 12,415 12,648
EBIT 1 8,806 8,151 8,786 9,148 9,783 10,176 11,019 11,626
Net income 1 4,385 14,956 4,928 2,575 5,716 6,311 6,796 7,183
Net Debt 1 19,838 17,197 15,040 13,095 14,453 11,982 9,253 7,272
Reference price 2 20.08 14.38 14.50 13.46 18.24 20.76 20.76 20.76
Nbr of stocks (in thousands) 4,006,383 4,060,999 4,076,145 4,080,519 4,012,126 4,008,335 - -
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 ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
14.95x2.99x8.66x3.12% 111B
28.9x10.89x21.87x0.67% 878B
24.39x5.92x16.12x2.21% 577B
25.23x6.89x13.83x2.98% 411B
18.73x4.61x11.4x2.86% 359B
24.72x5.15x14.27x1.69% 305B
21.6x5.83x14.37x2.77% 304B
27.13x4.76x14.87x2.91% 287B
24.73x6.28x11.17x2.73% 198B
20.12x6.12x11.07x2.24% 180B
Average 23.05x 5.94x 13.76x 2.42% 361.02B
Weighted average by Cap. 24.55x 6.88x 15.63x 2.11%

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