Company Valuation: Johnson & Johnson

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 448,463 461,875 376,932 349,226 500,242 577,484 - -
Change - 2.99% -18.39% -7.35% 43.24% 15.44% - -
Enterprise Value (EV) 1 450,606 478,015 383,337 361,338 528,042 595,471 583,545 587,884
Change - 6.08% -19.81% -5.74% 46.14% 12.77% -2% 0.74%
P/E ratio 21.8x 26.2x 11.4x 25.1x 18.8x 24.4x 22.5x 21.7x
PBR 6.05x 6.13x 5.83x 4.88x 6.14x 6.6x 5.86x 5.36x
PEG - -1.9x 0x -0.4x 0.2x -2.2x 2.72x 5.49x
Capitalization / Revenue 4.78x 4.86x 4.43x 3.93x 5.31x 5.74x 5.44x 5.13x
EV / Revenue 4.81x 5.03x 4.5x 4.07x 5.61x 5.92x 5.5x 5.22x
EV / EBITDA 12.3x 14.6x 12.6x 12.3x 15.9x 16.1x 14.8x 13.9x
EV / EBIT 15.4x 16x 14x 13.7x 17.4x 17.8x 16.2x 14.9x
EV / FCF 22.8x 27.8x 21x 18.2x 26.8x 23.7x 22.1x 20.2x
FCF Yield 4.38% 3.6% 4.76% 5.49% 3.73% 4.22% 4.52% 4.94%
Dividend per Share 2 4.19 4.45 4.7 4.91 5.14 5.299 5.598 5.737
Rate of return 2.46% 2.52% 3% 3.39% 2.48% 2.21% 2.34% 2.39%
EPS 2 7.81 6.73 13.72 5.79 11.03 9.823 10.64 11.06
Distribution rate 53.6% 66.1% 34.3% 84.8% 46.6% 53.9% 52.6% 51.9%
Net sales 1 93,775 94,943 85,159 88,821 94,193 100,616 106,127 112,631
EBITDA 1 36,634 32,630 30,414 29,288 33,261 36,932 39,361 42,298
EBIT 1 29,244 29,965 27,460 26,466 30,358 33,444 36,102 39,381
Net income 1 20,878 17,941 35,153 14,066 26,804 23,635 25,199 26,574
Net Debt 1 2,143 16,140 6,405 12,112 27,800 17,987 6,061 10,400
Reference price 2 170.35 176.66 156.58 145.05 207.63 239.63 239.63 239.63
Nbr of stocks (in thousands) 2,632,597 2,614,484 2,407,279 2,407,623 2,409,295 2,409,899 - -
Announcement Date 1/25/22 A 1/24/23 A 1/23/24 A 1/22/25 A 1/21/26 A - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
24.39x5.92x16.12x2.21% 577B
28.9x10.89x21.87x0.67% 878B
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
11.75x4.26x8.81x4.34% 171B
Average 22.73x 6.07x 13.78x 2.54% 367.05B
Weighted average by Cap. 24.24x 6.88x 15.53x 2.18%

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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