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 21,85,007 - -
Change - -4.77% 5.49% 16.36% -4.96% 21.44% - -
Enterprise Value (EV) 1 15,59,769 13,95,557 15,46,536 17,82,343 15,88,618 18,70,417 17,63,616 16,45,002
Change - -10.53% 10.82% 15.25% -10.87% 17.74% -5.71% -6.73%
P/E 11.6x 9.94x 10.2x 7.96x 7.76x 8.37x 7.68x 7.01x
PBR 1.78x 1.47x 1.44x 1.49x 1.31x 1.44x 1.31x 1.19x
PEG - 0.9x 3.41x 0.2x -2.82x 0.7x 0.85x 0.74x
Capitalization / Revenue 2.57x 1.92x 2.02x 2.21x 1.94x 2.3x 2.13x 1.99x
EV / Revenue 2.47x 1.74x 1.92x 2.08x 1.71x 1.97x 1.72x 1.5x
EV / EBITDA 8.86x 7.1x 6.43x 5.74x 4.5x 5.15x 4.52x 3.88x
EV / EBIT 11.5x 9.09x 8.15x 6.82x 5.42x 6.23x 5.4x 4.67x
EV / FCF -460x 12.3x 17.9x 8.26x 7.56x 8.8x 7.63x 6.54x
FCF Yield -0.22% 8.12% 5.6% 12.1% 13.2% 11.4% 13.1% 15.3%
Dividend per Share 2 225 390 - - - 620.6 664.4 733
Rate of return 2.58% 4.7% - - - 5.18% 5.55% 6.12%
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 11,980.00 11,980.00 11,980.00
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.($)
35.6x6.74x23.27x0.81% 4.86TCr
18.17x2.06x9.66x1.32% 3.57TCr
27.48x3.4x17.39x0.86% 1.2TCr
27.35x4.03x16.4x0.58% 1.19TCr
19.62x3.43x12.34x3.39% 928.98Cr
15.54x1.99x6.68x3.34% 678.73Cr
34.71x3.96x16.84x0.23% 669.75Cr
41.18x7.89x29.26x0.96% 447.51Cr
Average 27.46x 4.19x 16.48x 1.44% 1.69TCr
Weighted average by Cap. 27.60x 4.41x 16.86x 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