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 22,39,723 - -
Change - -4.77% 5.49% 16.36% -4.96% 24.48% - -
Enterprise Value (EV) 1 15,59,769 13,95,557 15,46,536 17,82,343 15,88,618 19,25,133 18,18,333 16,99,718
Change - -10.53% 10.82% 15.25% -10.87% 21.18% -5.55% -6.52%
P/E 11.6x 9.94x 10.2x 7.96x 7.76x 8.58x 7.87x 7.19x
PBR 1.78x 1.47x 1.44x 1.49x 1.31x 1.48x 1.34x 1.22x
PEG - 0.9x 3.41x 0.2x -2.82x 0.7x 0.88x 0.76x
Capitalization / Revenue 2.57x 1.92x 2.02x 2.21x 1.94x 2.35x 2.19x 2.04x
EV / Revenue 2.47x 1.74x 1.92x 2.08x 1.71x 2.02x 1.78x 1.55x
EV / EBITDA 8.86x 7.1x 6.43x 5.74x 4.5x 5.3x 4.66x 4.01x
EV / EBIT 11.5x 9.09x 8.15x 6.82x 5.42x 6.42x 5.57x 4.83x
EV / FCF -460x 12.3x 17.9x 8.26x 7.56x 9.06x 7.86x 6.76x
FCF Yield -0.22% 8.12% 5.6% 12.1% 13.2% 11% 12.7% 14.8%
Dividend per Share 2 225 390 - - - 620.6 664.4 733
Rate of return 2.58% 4.7% - - - 5.05% 5.41% 5.97%
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 12,280.00 12,280.00 12,280.00
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.($)
39.45x7.49x25.55x0.79% 4.81TCr
19.42x2.2x10.38x1.25% 3.79TCr
28.35x3.51x17.98x0.85% 1.25TCr
25.17x4.36x16.23x0.71% 1.2TCr
19.59x3.38x12.29x3.48% 902.96Cr
16.35x2.1x7.08x3.2% 708.74Cr
34.47x3.93x16.72x0.23% 671.84Cr
40.23x7.7x28.57x0.98% 441.68Cr
Average 27.88x 4.33x 16.85x 1.44% 1.72TCr
Weighted average by Cap. 28.98x 4.69x 17.72x 1.19%

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