Company Valuation: Johnson & Johnson

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 4,48,463 4,61,875 3,76,932 3,49,226 5,00,242 5,91,148 - -
Change - 2.99% -18.39% -7.35% 43.24% 18.17% - -
Enterprise Value (EV) 1 4,50,606 4,78,015 3,83,337 3,61,338 5,28,042 6,09,135 5,97,209 6,01,548
Change - 6.08% -19.81% -5.74% 46.14% 15.36% -1.96% 0.73%
P/E ratio 21.8x 26.2x 11.4x 25.1x 18.8x 25x 23.1x 22.2x
PBR 6.05x 6.13x 5.83x 4.88x 6.14x 6.76x 6x 5.49x
PEG - -1.9x 0x -0.4x 0.2x -2.3x 2.79x 5.61x
Capitalization / Revenue 4.78x 4.86x 4.43x 3.93x 5.31x 5.88x 5.57x 5.25x
EV / Revenue 4.81x 5.03x 4.5x 4.07x 5.61x 6.05x 5.63x 5.34x
EV / EBITDA 12.3x 14.6x 12.6x 12.3x 15.9x 16.5x 15.2x 14.2x
EV / EBIT 15.4x 16x 14x 13.7x 17.4x 18.2x 16.5x 15.3x
EV / FCF 22.8x 27.8x 21x 18.2x 26.8x 24.2x 22.7x 20.7x
FCF Yield 4.38% 3.6% 4.76% 5.49% 3.73% 4.13% 4.41% 4.83%
Dividend per Share 2 4.19 4.45 4.7 4.91 5.14 5.299 5.598 5.737
Rate of return 2.46% 2.52% 3% 3.39% 2.48% 2.16% 2.28% 2.34%
EPS 2 7.81 6.73 13.72 5.79 11.03 9.823 10.64 11.06
Distribution rate 53.6% 66.1% 34.3% 84.8% 46.6% 53.9% 52.6% 51.9%
Net sales 1 93,775 94,943 85,159 88,821 94,193 1,00,616 1,06,127 1,12,631
EBITDA 1 36,634 32,630 30,414 29,288 33,261 36,932 39,361 42,298
EBIT 1 29,244 29,965 27,460 26,466 30,358 33,444 36,102 39,381
Net income 1 20,878 17,941 35,153 14,066 26,804 23,635 25,199 26,574
Net Debt 1 2,143 16,140 6,405 12,112 27,800 17,987 6,061 10,400
Reference price 2 170.35 176.66 156.58 145.05 207.63 245.30 245.30 245.30
Nbr of stocks (in thousands) 26,32,597 26,14,484 24,07,279 24,07,623 24,09,295 24,09,899 - -
Announcement Date 25/01/22 24/01/23 23/01/24 22/01/25 21/01/26 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
24.97x6.05x16.49x2.16% 59TCr
29.49x11.11x22.31x0.66% 90TCr
25.65x6.99x14.03x2.93% 42TCr
19.12x4.71x11.64x2.8% 37TCr
25.48x5.28x14.64x1.65% 31TCr
22.17x5.97x14.72x2.69% 31TCr
28.12x4.91x15.36x2.81% 30TCr
25.52x6.45x11.47x2.65% 20TCr
20.55x6.25x11.3x2.2% 18TCr
11.6x4.21x8.71x4.39% 17TCr
Average 23.27x 6.19x 14.07x 2.49% 37.54TCr
Weighted average by Cap. 24.82x 7.02x 15.86x 2.13%

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

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