Company Valuation: Ventas, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 20,406 18,007 20,041 24,705 36,348 47,247 - -
Change - -11.75% 11.29% 23.27% 47.13% 29.99% - -
Enterprise Value (EV) 1 32,284 30,182 33,023 37,330 48,573 59,721 60,168 60,416
Change - -6.51% 9.41% 13.04% 30.12% 22.95% 0.75% 0.41%
P/E 393x -375x -498x 310x 143x 169x 101x 74.6x
PBR 1.88x 1.77x 2.13x 2.28x 2.93x 3.14x 3.38x 3.43x
PEG - 2x 29.9x -1x 1x 222.59x 1.5x 2.1x
Capitalization / Revenue 5.33x 4.36x 4.46x 5.02x 6.23x 6.77x 6.08x 5.41x
EV / Revenue 8.43x 7.31x 7.34x 7.58x 8.33x 8.56x 7.74x 6.92x
EV / EBITDA 19.5x 17.3x 18x 18.7x 21.2x 23.5x 20.6x 18.7x
EV / EBIT 70.3x 55.3x 74.8x 50.3x 53.1x 66.5x 52.7x 42.7x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 1.8 1.8 1.8 1.8 1.92 2.08 2.236 2.416
Rate of return 3.52% 4% 3.61% 3.06% 2.48% 2.26% 2.43% 2.62%
EPS 2 0.13 -0.12 -0.1 0.19 0.54 0.5441 0.9098 1.234
Distribution rate 1,385% -1,500% -1,800% 947% 356% 382% 246% 196%
Net sales 1 3,828 4,129 4,498 4,924 5,834 6,974 7,773 8,736
EBITDA 1 1,656 1,744 1,834 1,995 2,295 2,537 2,914 3,232
EBIT 1 459 545.7 441.6 742 915.4 898.1 1,143 1,415
Net income 1 49.01 -47.45 -40.97 81.15 251.4 279.5 481.5 707.4
Net Debt 1 11,878 12,174 12,982 12,625 12,225 12,474 12,920 13,169
Reference price 2 51.12 45.05 49.84 58.89 77.38 92.11 92.11 92.11
Nbr of stocks (in thousands) 3,99,176 3,99,718 4,02,104 4,19,508 4,69,733 5,12,946 - -
Announcement Date 17/02/22 09/02/23 14/02/24 12/02/25 05/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
169.29x8.56x23.54x2.26% 4.72TCr
82.84x13.26x35.75x1.3% 17TCr
50.08x7.87x14.01x5.84% 1.45TCr
18.8x16.77x15.23x5.73% 1.43TCr
92.27x4.62x24.97x1.82% 1.29TCr
25.99x16.88x18.72x3.94% 935.96Cr
8.19x15.55x18.6x6.18% 655.81Cr
43.2x8.52x15.35x5.74% 534.68Cr
139.87x7.48x19.64x2.96% 499.53Cr
18.49x9.89x15.23x5.15% 353.15Cr
Average 64.90x 10.94x 20.10x 4.09% 2.92TCr
Weighted average by Cap. 88.45x 11.97x 29.40x 2.27%

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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