Company Valuation: Sanofi

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,11,194 1,12,665 1,12,549 1,16,968 1,00,655 87,579 - -
Change - 1.32% -0.1% 3.93% -13.95% -12.99% - -
Enterprise Value (EV) 1 1,21,177 1,19,102 1,20,342 1,25,740 1,11,663 99,042 95,915 92,468
Change - -1.71% 1.04% 4.49% -11.2% -11.3% -3.16% -3.59%
P/E 17.8x 16.7x 20.8x 20.4x 12.9x 11.6x 10.1x 8.76x
PBR 1.62x 1.5x 1.52x 1.51x 1.41x 1.18x 1.12x 1.05x
PEG - 2.07x -1.1x 3.14x 0.3x -6.14x 0.7x 0.6x
Capitalization / Revenue 2.94x 2.62x 2.61x 2.85x 2.31x 1.84x 1.73x 1.65x
EV / Revenue 3.21x 2.77x 2.79x 3.06x 2.56x 2.08x 1.89x 1.74x
EV / EBITDA 9.95x 8.14x 8.44x 9.76x 8.22x 6.72x 6.12x 5.44x
EV / EBIT 11.3x 9.13x 9.5x 11.1x 9.19x 7.44x 6.85x 6.11x
EV / FCF 15x 14x 14.2x 21.1x 13.8x 11.9x 10.6x 9.19x
FCF Yield 6.68% 7.12% 7.04% 4.74% 7.24% 8.39% 9.39% 10.9%
Dividend per Share 2 3.33 3.56 3.76 3.92 4.12 4.254 4.496 4.795
Rate of return 3.76% 3.96% 4.19% 4.18% 4.98% 5.82% 6.15% 6.56%
EPS 2 4.97 5.37 4.31 4.59 6.4 6.279 7.206 8.348
Distribution rate 67% 66.3% 87.2% 85.4% 64.4% 67.7% 62.4% 57.4%
Net sales 1 37,761 42,997 43,070 41,081 43,626 47,648 50,644 53,167
EBITDA 1 12,183 14,627 14,259 12,889 13,583 14,728 15,673 16,990
EBIT 1 10,714 13,040 12,670 11,343 12,149 13,312 13,999 15,142
Net income 1 6,223 6,720 5,400 5,744 7,813 7,479 8,886 10,309
Net Debt 1 9,983 6,437 7,793 8,772 11,008 11,463 8,336 4,889
Reference price 2 88.58 89.84 89.76 93.74 82.72 73.10 73.10 73.10
Nbr of stocks (in thousands) 12,55,293 12,54,060 12,53,891 12,47,793 12,16,810 11,98,069 - -
Announcement Date 04/02/22 03/02/23 01/02/24 30/01/25 29/01/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11.57x2.07x6.69x5.86% 9.88TCr
32.9x11.93x24.23x0.6% 1,03100Cr
29.45x6.54x18.31x2.02% 64TCr
33.1x7.75x16.02x2.65% 46TCr
105.72x5.91x25.05x2.35% 36TCr
19x4.63x11.48x2.87% 33TCr
20.37x5.28x13.08x3.03% 27TCr
20.79x4.31x12.28x2.05% 25TCr
26.62x6.92x12.32x2.39% 23TCr
-45.08x6.57x25.65x2.21% 18TCr
Average 25.44x 6.19x 16.51x 2.6% 38.63TCr
Weighted average by Cap. 31.58x 7.57x 18.59x 2.02%

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