Company Valuation: Amgen Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,26,718 1,40,139 1,54,142 1,40,103 1,76,250 2,36,981 - -
Change - 10.59% 9.99% -9.11% 25.8% 34.46% - -
Enterprise Value (EV) 1 1,51,990 1,69,779 2,07,811 1,88,229 2,21,725 2,78,337 2,72,284 2,67,412
Change - 11.7% 22.4% -9.42% 17.8% 25.53% -2.17% -1.79%
P/E 21.9x 21.7x 23.1x 34.5x 23x 27.8x 24.8x 23.8x
PBR 18.7x 38.3x 24.7x 23.8x 20.4x 21.2x 17.2x 13.8x
PEG - 1.2x 7.36x -0.9x 0.3x 2.6x 2.1x 5.53x
Capitalization / Revenue 4.88x 5.32x 5.47x 4.19x 4.8x 6.08x 5.87x 5.67x
EV / Revenue 5.85x 6.45x 7.37x 5.63x 6.03x 7.14x 6.75x 6.4x
EV / EBITDA 9.61x 10.5x 11.9x 9.13x 10.4x 12.8x 12.2x 12x
EV / EBIT 12.2x 13.3x 15.5x 12.5x 13.7x 16.4x 15.3x 14.5x
EV / FCF 18.1x 19.3x 28.2x 18.1x 27.4x 25x 18.3x 17.1x
FCF Yield 5.51% 5.17% 3.54% 5.52% 3.65% 3.99% 5.47% 5.84%
Dividend per Share 2 7.04 7.76 8.52 9 9.52 10.09 10.66 11.12
Rate of return 3.13% 2.95% 2.96% 3.45% 2.91% 2.3% 2.43% 2.54%
EPS 2 10.28 12.11 12.49 7.56 14.23 15.75 17.64 18.4
Distribution rate 68.5% 64.1% 68.2% 119% 66.9% 64.1% 60.4% 60.4%
Net sales 1 25,979 26,323 28,190 33,424 36,751 38,967 40,352 41,806
EBITDA 1 15,822 16,178 17,470 20,620 21,370 21,765 22,232 22,226
EBIT 1 12,424 12,761 13,399 15,028 16,203 16,949 17,755 18,503
Net income 1 5,893 6,552 6,717 4,090 7,711 8,546 9,420 9,979
Net Debt 1 25,272 29,640 53,669 48,126 45,475 41,357 35,304 30,432
Reference price 2 224.97 262.64 288.02 260.64 327.31 438.34 438.34 438.34
Nbr of stocks (in thousands) 5,63,266 5,33,579 5,35,178 5,37,533 5,38,481 5,40,632 - -
Announcement Date 07/02/22 31/01/23 06/02/24 04/02/25 03/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
27.83x7.14x12.79x2.3% 24TCr
36.67x13.07x27.74x0.54% 1,13300Cr
37.73x6.36x17.89x2.07% 62TCr
36.35x8.36x17.26x2.41% 50TCr
21.21x5.12x12.74x2.55% 38TCr
109.25x6.09x26.14x2.27% 37TCr
21.57x5.62x13.82x2.84% 29TCr
22.08x4.46x12.77x1.98% 26TCr
-44.76x6.88x26.67x2.15% 19TCr
11.45x4.2x8.56x4.39% 17TCr
Average 27.94x 6.73x 17.64x 2.35% 41.62TCr
Weighted average by Cap. 34.57x 8.10x 19.87x 1.92%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Amgen Inc.

Historical PBR trend

Valuation ratios - PBR - Amgen Inc.

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Amgen Inc.

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Amgen Inc.


Year-on-year evolution of the Yield

Valuation ratios - Yield - Amgen Inc.
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