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 23,94,788 - -
Change - -4.77% 5.49% 16.36% -4.96% 33.1% - -
Enterprise Value (EV) 1 15,59,769 13,95,557 15,46,536 17,82,343 15,88,618 21,21,146 19,72,599 18,50,186
Change - -10.53% 10.82% 15.25% -10.87% 33.52% -7% -6.21%
P/E 11.6x 9.94x 10.2x 7.96x 7.76x 9.61x 8.28x 7.43x
PBR 1.78x 1.47x 1.44x 1.49x 1.31x 1.58x 1.44x 1.3x
PEG - 0.9x 3.41x 0.2x -2.82x 1.29x 0.5x 0.6x
Capitalization / Revenue 2.57x 1.92x 2.02x 2.21x 1.94x 2.5x 2.33x 2.17x
EV / Revenue 2.47x 1.74x 1.92x 2.08x 1.71x 2.22x 1.92x 1.68x
EV / EBITDA 8.86x 7.1x 6.43x 5.74x 4.5x 5.73x 5x 4.29x
EV / EBIT 11.5x 9.09x 8.15x 6.82x 5.42x 7.02x 5.95x 5.17x
EV / FCF -460x 12.3x 17.9x 8.26x 7.56x 9.39x 8.48x 7.26x
FCF Yield -0.22% 8.12% 5.6% 12.1% 13.2% 10.6% 11.8% 13.8%
Dividend per Share 2 225 390 - - - 591.1 673.6 748.5
Rate of return 2.58% 4.7% - - - 4.5% 5.13% 5.7%
EPS 2 751 835 860 1,307 1,271 1,366 1,586 1,768
Distribution rate 30% 46.7% - - - 43.3% 42.5% 42.3%
Net sales 1 6,30,595 8,02,755 8,05,158 8,57,545 9,28,962 9,56,986 10,26,266 11,02,705
EBITDA 1 1,76,123 1,96,480 2,40,625 3,10,678 3,53,314 3,69,972 3,94,551 4,31,431
EBIT 1 1,35,832 1,53,555 1,89,817 2,61,157 2,92,851 3,02,048 3,31,606 3,57,876
Net income 1 1,39,626 1,55,581 1,58,850 2,39,244 2,32,335 2,55,025 2,90,044 3,19,542
Net Debt 1 -59,856 -1,46,733 -80,493 -1,10,818 -2,10,608 -2,73,642 -4,22,189 -5,44,602
Reference price 2 8,725.00 8,300.00 8,750.00 10,400.00 9,865.00 13,130.00 13,130.00 13,130.00
Nbr of stocks (in thousands) 1,85,630 1,85,818 1,85,946 1,82,035 1,82,385 1,82,391 - -
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.($)
9.79x2.26x5.85x4.42% 775.13Cr
35.43x6.66x23.08x0.89% 4.82TCr
17.52x2.19x9.9x1.48% 4TCr
28.56x4.06x16.85x0.57% 1.24TCr
27.71x3.37x17.45x0.91% 1.2TCr
19.17x3.41x11.88x3.76% 934.62Cr
30.59x4.01x18.65x0.15% 742.6Cr
15.85x2.08x6.73x3.18% 721.72Cr
35.41x6.92x25.23x0.94% 464.98Cr
Average 24.45x 3.89x 15.07x 1.81% 1.66TCr
Weighted average by Cap. 25.89x 4.20x 16.03x 1.46%

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

  1. Stock Market
  2. Stocks
  3. RICHTER Stock
  4. Valuation Gedeon Richter