Company Valuation: UCB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 18,947 13,973 14,969 36,464 45,333 42,270 - -
Change - -26.25% 7.12% 143.6% 24.32% -6.76% - -
Enterprise Value (EV) 1 19,807 15,973 17,146 37,918 45,326 42,591 40,471 37,889
Change - -19.36% 7.34% 121.15% 19.54% -6.03% -4.98% -6.38%
P/E 17.9x 33.4x 44.8x 34.3x 29.1x 22.2x 18.3x 15x
PBR 2.32x 1.58x 1.67x 3.64x 4.18x 3.51x 3.06x 2.53x
PEG - -0.6x -2.2x 0x 0.6x 1x 0.8x 0.7x
Capitalization / Revenue 3.28x 2.53x 2.85x 5.93x 5.86x 4.87x 4.36x 3.92x
EV / Revenue 3.43x 2.9x 3.26x 6.16x 5.86x 4.9x 4.18x 3.51x
EV / EBITDA 12.1x 12.7x 12.7x 25.7x 17.2x 14x 11.1x 8.83x
EV / EBIT 15x 23.7x 26.1x 45.4x 22.6x 17.4x 13.5x 10.3x
EV / FCF 15.6x 18.4x 38.5x 41.2x 24.6x 22.3x 15.3x 12.2x
FCF Yield 6.42% 5.43% 2.6% 2.43% 4.06% 4.48% 6.53% 8.23%
Dividend per Share 2 1.3 1.33 1.36 1.39 1.45 1.457 1.502 1.534
Rate of return 1.3% 1.81% 1.72% 0.72% 0.61% 0.66% 0.68% 0.69%
EPS 2 5.6 2.2 1.76 5.61 8.2 9.986 12.14 14.79
Distribution rate 23.2% 60.5% 77.3% 24.8% 17.7% 14.6% 12.4% 10.4%
Net sales 1 5,777 5,517 5,252 6,152 7,741 8,688 9,690 10,785
EBITDA 1 1,641 1,260 1,349 1,476 2,636 3,038 3,648 4,291
EBIT 1 1,318 675 657 836 2,009 2,444 3,001 3,675
Net income 1 1,058 418 343 1,065 1,558 1,925 2,327 2,827
Net Debt 1 860 2,000 2,177 1,454 -7 321.2 -1,799 -4,381
Reference price 2 100.35 73.56 78.90 192.20 238.60 221.70 221.70 221.70
Nbr of stocks (in thousands) 1,88,812 1,89,959 1,89,721 1,89,720 1,89,996 1,90,663 - -
Announcement Date 24/02/22 22/02/23 28/02/24 27/02/25 24/02/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
22.2x4.9x14.02x0.66% 4.93TCr
19.31x4.52x10.64x0.47% 8.33TCr
-16.91x25.77x-16.64x-.--% 5.79TCr
19.86x4.25x13.12x2.5% 5.78TCr
37.73x12.91x24.53x-.--% 5.17TCr
38.52x3.54x13.49x-.--% 3.2TCr
57.04x3.65x28.27x-.--% 2.59TCr
75.75x7.38x49.38x-.--% 2.27TCr
24.11x5.18x13.48x-.--% 1.69TCr
75.15x45.28x65.75x0.15% 1.61TCr
Average 35.28x 11.74x 21.60x 0.38% 4.14TCr
Weighted average by Cap. 26.28x 10.19x 15.02x 0.53%

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