Company Valuation: Ventas, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 20,406 18,007 20,041 24,705 36,348 44,980 - -
Change - -11.75% 11.29% 23.27% 47.13% 23.75% - -
Enterprise Value (EV) 1 32,284 30,182 33,023 37,330 48,573 57,251 57,267 57,636
Change - -6.51% 9.41% 13.04% 30.12% 17.87% 0.03% 0.64%
P/E 393x -375x -498x 310x 143x 152x 95.7x 67.4x
PBR 1.88x 1.77x 2.13x 2.28x 2.93x 3.36x 3.42x 3.47x
PEG - 2x 29.9x -1x 1x 12.3x 1.6x 1.6x
Capitalization / Revenue 5.33x 4.36x 4.46x 5.02x 6.23x 6.54x 5.87x 5.35x
EV / Revenue 8.43x 7.31x 7.34x 7.58x 8.33x 8.33x 7.47x 6.85x
EV / EBITDA 19.5x 17.3x 18x 18.7x 21.2x 22.9x 20.2x 18.6x
EV / EBIT 70.3x 55.3x 74.8x 50.3x 53.1x 62.7x 49.8x 42.4x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 1.8 1.8 1.8 1.8 1.92 2.079 2.248 2.464
Rate of return 3.52% 4% 3.61% 3.06% 2.48% 2.25% 2.43% 2.66%
EPS 2 0.13 -0.12 -0.1 0.19 0.54 0.6067 0.9664 1.374
Distribution rate 1,385% -1,500% -1,800% 947% 356% 343% 233% 179%
Net sales 1 3,828 4,129 4,498 4,924 5,834 6,873 7,667 8,413
EBITDA 1 1,656 1,744 1,834 1,995 2,295 2,502 2,830 3,100
EBIT 1 459 545.7 441.6 742 915.4 912.8 1,149 1,359
Net income 1 49.01 -47.45 -40.97 81.15 251.4 292.6 491.2 697.3
Net Debt 1 11,878 12,174 12,982 12,625 12,225 12,271 12,286 12,656
Reference price 2 51.12 45.05 49.84 58.89 77.38 92.52 92.52 92.52
Nbr of stocks (in thousands) 399,176 399,718 402,104 419,508 469,733 486,170 - -
Announcement Date 2/17/22 A 2/9/23 A 2/14/24 A 2/12/25 A 2/5/26 A - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
152.49x8.33x22.88x2.25% 44.98B
80.81x13.04x34.49x1.39% 167B
69.86x8.5x14.76x5.61% 15.09B
25.08x17.33x16.01x5.43% 14.71B
92.8x3.9x22.63x1.83% 10.61B
27.91x18.52x19.57x3.73% 9.87B
-336.6x9.99x16.39x4.66% 7.14B
7.33x16.16x18.71x6.04% 6.65B
79.48x8x20.95x2.69% 5.27B
29.83x8.52x14.77x5.98% 5.08B
Average 22.90x 11.23x 20.12x 3.96% 28.6B
Weighted average by Cap. 74.20x 11.95x 28.30x 2.35%

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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