Company Valuation: Celltrion, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 2,75,92,583 2,30,00,359 2,79,70,378 4,03,65,453 3,96,02,284 4,01,78,131 - -
Change - -16.64% 21.61% 44.32% -1.89% 1.45% - -
Enterprise Value (EV) 1 27,117 23,236 29,280 41,531 42,173 42,220 41,606 40,868
Change - -14.31% 26.01% 41.84% 1.55% 0.11% -1.45% -1.77%
P/E 47.2x 41.6x 53.7x 91.7x 38.8x 27.1x 24x 20.9x
PBR 6.87x 5.34x 2.46x 2.2x 2.32x 2.21x 2.03x 1.87x
PEG - -9.54x -20.3x -2.1x 0x 0.6x 1.9x 1.4x
Capitalization / Revenue 14.6x 10.1x 12.9x 11.3x 9.51x 7.55x 6.5x 5.83x
EV / Revenue 14.3x 10.2x 13.5x 11.7x 10.1x 7.93x 6.73x 5.93x
EV / EBITDA 27.9x 26.6x 32.6x 45.6x 29x 19.9x 16.9x 14.7x
EV / EBIT 36x 35.9x 44.9x 84.4x 36.1x 23.4x 19.4x 16.6x
EV / FCF 46x -211x 89.5x 54.2x 78.4x 33.8x 31.9x 28x
FCF Yield 2.17% -0.47% 1.12% 1.85% 1.28% 2.96% 3.14% 3.57%
Dividend per Share 3 628.9 - 436.1 686.8 714.3 736 799.7 860.4
Rate of return 0.38% - 0.25% 0.4% 0.41% 0.42% 0.46% 0.49%
EPS 3 3,515 3,362 3,273 1,873 4,438 6,476 7,308 8,402
Distribution rate 17.9% - 13.3% 36.7% 16.1% 11.4% 10.9% 10.2%
Net sales 1 1,891 2,284 2,176 3,557 4,162 5,321 6,181 6,890
EBITDA 1 972.1 873.6 897.2 910.3 1,456 2,120 2,468 2,787
EBIT 1 753.9 647.2 651.5 492 1,168 1,807 2,148 2,467
Net income 1 575.1 533.2 535.6 422.7 1,030 1,484 1,698 1,951
Net Debt 1 -475.5 235.5 1,310 1,165 2,571 2,041 1,427 689.5
Reference price 3 1,66,042.75 1,39,979.07 1,75,736.96 1,71,703.30 1,72,380.95 1,75,200.00 1,75,200.00 1,75,200.00
Nbr of stocks (in thousands) 1,66,178 1,64,313 1,59,160 2,35,088 2,29,737 2,29,327 - -
Announcement Date 16/02/22 03/03/23 29/02/24 25/02/25 04/02/26 - - -
1KRW in Million2KRW in Billions3KRW
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
26.73x7.84x19.68x0.43% 2.63TCr
35.02x6.15x19.02x0.94% 5.04TCr
-23.93x350.56x-22.64x-.--% 4.06TCr
25.43x2.81x12.14x-.--% 3.49TCr
46.36x4.58x29.24x-.--% 3.37TCr
31.59x5.09x23.2x-.--% 1.53TCr
23.89x2.03x8.94x1.12% 1.37TCr
23.89x1.9x11.51x-.--% 1.29TCr
-33.54x128.5x-36.58x-.--% 1.21TCr
Average 17.27x 56.61x 7.17x 0.28% 2.67TCr
Weighted average by Cap. 19.42x 69.58x 8.95x 0.31%

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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