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 22,74,410 - -
Change - -4.77% 5.49% 16.36% -4.96% 26.41% - -
Enterprise Value (EV) 1 15,59,769 13,95,557 15,46,536 17,82,343 15,88,618 20,11,934 18,64,399 17,37,431
Change - -10.53% 10.82% 15.25% -10.87% 26.65% -7.33% -6.81%
P/E 11.6x 9.94x 10.2x 7.96x 7.76x 9.17x 7.85x 7.26x
PBR 1.78x 1.47x 1.44x 1.49x 1.31x 1.51x 1.37x 1.24x
PEG - 0.9x 3.41x 0.2x -2.82x 1.32x 0.5x 0.9x
Capitalization / Revenue 2.57x 1.92x 2.02x 2.21x 1.94x 2.39x 2.23x 2.08x
EV / Revenue 2.47x 1.74x 1.92x 2.08x 1.71x 2.11x 1.83x 1.59x
EV / EBITDA 8.86x 7.1x 6.43x 5.74x 4.5x 5.47x 4.7x 4.09x
EV / EBIT 11.5x 9.09x 8.15x 6.82x 5.42x 6.66x 5.6x 4.84x
EV / FCF -460x 12.3x 17.9x 8.26x 7.56x 8.91x 8.13x 7.02x
FCF Yield -0.22% 8.12% 5.6% 12.1% 13.2% 11.2% 12.3% 14.2%
Dividend per Share 2 225 390 - - - 603.6 677 738.7
Rate of return 2.58% 4.7% - - - 4.84% 5.43% 5.92%
EPS 2 751 835 860 1,307 1,271 1,359 1,589 1,718
Distribution rate 30% 46.7% - - - 44.4% 42.6% 43%
Net sales 1 6,30,595 8,02,755 8,05,158 8,57,545 9,28,962 9,51,368 10,20,834 10,93,689
EBITDA 1 1,76,123 1,96,480 2,40,625 3,10,678 3,53,314 3,67,576 3,96,366 4,25,015
EBIT 1 1,35,832 1,53,555 1,89,817 2,61,157 2,92,851 3,02,220 3,32,887 3,59,032
Net income 1 1,39,626 1,55,581 1,58,850 2,39,244 2,32,335 2,54,304 2,90,549 3,14,929
Net Debt 1 -59,856 -1,46,733 -80,493 -1,10,818 -2,10,608 -2,62,476 -4,10,012 -5,36,980
Reference price 2 8,725.00 8,300.00 8,750.00 10,400.00 9,865.00 12,470.00 12,470.00 12,470.00
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.($)
9.35x2.16x5.59x4.75% 714.28Cr
35.8x12.9x27.02x0.55% 1,11600Cr
37.07x6.25x17.38x2.11% 61TCr
36.17x8.31x17.13x2.45% 50TCr
20.49x5x12.4x2.64% 37TCr
112.15x5.92x25.35x2.35% 36TCr
21.24x5.55x13.66x2.88% 29TCr
22x4.43x12.71x1.99% 26TCr
27.56x7.08x12.68x2.32% 23TCr
-45.98x7.04x27.26x2.1% 20TCr
Average 27.59x 6.46x 17.12x 2.41% 39.37TCr
Weighted average by Cap. 35.00x 8.16x 19.95x 1.85%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Gedeon Richter

Historical PBR trend

Valuation ratios - PBR - Gedeon Richter

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Gedeon Richter

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Gedeon Richter


Year-on-year evolution of the Yield

Valuation ratios - Yield - Gedeon Richter
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