Company Valuation: Gedeon Richter

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 16,19,625 15,42,290 16,27,029 18,93,161 17,99,226 22,23,308 - -
Change - -4.77% 5.49% 16.36% -4.96% 23.57% - -
Enterprise Value (EV) 1 15,59,769 13,95,557 15,46,536 17,82,343 15,88,618 19,08,718 18,01,918 16,83,303
Change - -10.53% 10.82% 15.25% -10.87% 20.15% -5.6% -6.58%
P/E 11.6x 9.94x 10.2x 7.96x 7.76x 8.51x 7.81x 7.13x
PBR 1.78x 1.47x 1.44x 1.49x 1.31x 1.47x 1.33x 1.21x
PEG - 0.9x 3.41x 0.2x -2.82x 0.7x 0.87x 0.75x
Capitalization / Revenue 2.57x 1.92x 2.02x 2.21x 1.94x 2.34x 2.17x 2.02x
EV / Revenue 2.47x 1.74x 1.92x 2.08x 1.71x 2.01x 1.76x 1.53x
EV / EBITDA 8.86x 7.1x 6.43x 5.74x 4.5x 5.25x 4.62x 3.97x
EV / EBIT 11.5x 9.09x 8.15x 6.82x 5.42x 6.36x 5.51x 4.78x
EV / FCF -460x 12.3x 17.9x 8.26x 7.56x 8.98x 7.79x 6.69x
FCF Yield -0.22% 8.12% 5.6% 12.1% 13.2% 11.1% 12.8% 14.9%
Dividend per Share 2 225 390 - - - 620.6 664.4 733
Rate of return 2.58% 4.7% - - - 5.09% 5.45% 6.01%
EPS 2 751 835 860 1,307 1,271 1,432 1,561 1,709
Distribution rate 30% 46.7% - - - 43.3% 42.6% 42.9%
Net sales 1 6,30,595 8,02,755 8,05,158 8,57,545 9,28,962 9,51,724 10,23,546 10,98,192
EBITDA 1 1,76,123 1,96,480 2,40,625 3,10,678 3,53,314 3,63,366 3,89,794 4,24,113
EBIT 1 1,35,832 1,53,555 1,89,817 2,61,157 2,92,851 2,99,996 3,26,732 3,51,898
Net income 1 1,39,626 1,55,581 1,58,850 2,39,244 2,32,335 2,59,474 2,86,154 3,13,070
Net Debt 1 -59,856 -1,46,733 -80,493 -1,10,818 -2,10,608 -3,14,590 -4,21,390 -5,40,005
Reference price 2 8,725.00 8,300.00 8,750.00 10,400.00 9,865.00 12,190.00 12,190.00 12,190.00
Nbr of stocks (in thousands) 1,85,630 1,85,818 1,85,946 1,82,035 1,82,385 1,82,388 - -
Announcement Date 02/03/22 28/02/23 29/02/24 07/04/25 27/02/26 - - -
1HUF in Million2HUF
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
39.29x7.46x25.43x0.79% 4.8TCr
18.78x2.12x10.01x1.29% 3.69TCr
28.07x3.47x17.79x0.86% 1.24TCr
25.01x4.33x16.13x0.71% 1.19TCr
19.52x3.37x12.24x3.5% 901.14Cr
16.15x2.07x6.97x3.24% 704.81Cr
33.56x3.82x16.25x0.24% 655.31Cr
39.67x7.59x28.17x1% 436.29Cr
Average 27.51x 4.28x 16.62x 1.45% 1.7TCr
Weighted average by Cap. 28.69x 4.66x 17.56x 1.21%

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