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 72,266 - -
Change - -27.44% 1.25% -7.05% 33.23% -1.28% - -
Enterprise Value (EV) 1 100,296 75,578 74,152 68,039 87,654 92,988 90,251 87,313
Change - -24.65% -1.89% -8.24% 28.83% 6.09% -2.94% -3.26%
P/E 18.6x 3.93x 11.9x 21.3x 12.9x 13.8x 11.3x 10.5x
PBR 5.34x 5.47x 4.4x 4.02x - 4.41x 3.86x 3.39x
PEG - 0x -0.2x -0.4x 0x -1.94x 0.5x 1.35x
Capitalization / Revenue 2.36x 1.99x 1.95x 1.75x 2.24x 2.13x 2.04x 1.97x
EV / Revenue 2.94x 2.58x 2.45x 2.17x 2.68x 2.74x 2.54x 2.39x
EV / EBITDA 8.85x 7.23x 6.37x 6.36x 7.77x 8.12x 7.37x 6.88x
EV / EBIT 11.4x 9.27x 8.44x 7.44x 8.96x 9.03x 8.18x 7.58x
EV / FCF 22.6x 12.1x 13.6x 13x 13.7x 16.8x 15.6x 12.8x
FCF Yield 4.42% 8.28% 7.36% 7.67% 7.32% 5.97% 6.42% 7.79%
Dividend per Share 2 1 0.6125 0.58 0.61 0.66 0.6958 0.7495 0.7831
Rate of return 4.98% 4.26% 4% 4.53% 3.62% 3.86% 4.16% 4.34%
EPS 2 1.082 3.662 1.216 0.632 1.411 1.31 1.591 1.715
Distribution rate 92.4% 16.7% 47.7% 96.5% 46.8% 53.1% 47.1% 45.7%
Net sales 1 34,114 29,324 30,328 31,376 32,667 33,949 35,491 36,595
EBITDA 1 11,330 10,449 11,635 10,693 11,278 11,453 12,249 12,687
EBIT 1 8,806 8,151 8,786 9,148 9,783 10,298 11,033 11,512
Net income 1 4,385 14,956 4,928 2,575 5,716 5,380 6,374 6,878
Net Debt 1 19,838 17,197 15,040 13,095 14,453 20,722 17,985 15,046
Reference price 2 20.08 14.38 14.50 13.46 18.24 18.04 18.04 18.04
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.($)
13.76x2.74x8.12x3.86% 97.89B
32x11.63x23.59x0.62% 1,002B
28.37x6.53x17.91x2.01% 644B
32.13x7.46x15.49x2.73% 443B
18.9x4.61x11.42x2.88% 343B
19.46x5.11x12.69x3.2% 262B
20.29x4.17x11.93x2.12% 245B
24.75x6.5x11.57x2.58% 212B
12.86x4.67x9.75x3.91% 199B
-44.5x6.43x25.11x2.26% 181B
Average 15.80x 5.99x 14.76x 2.62% 362.76B
Weighted average by Cap. 22.67x 7.40x 17.07x 2.09%

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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