Company Valuation: Alcon Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 43,286 33,596 38,446 41,934 39,316 32,100 - -
Change - -22.39% 14.43% 9.07% -6.24% -18.35% - -
Enterprise Value (EV) 1 46,197 37,296 42,046 44,734 42,526 34,699 33,644 32,313
Change - -19.27% 12.73% 6.39% -4.93% -18.41% -3.04% -3.96%
P/E 116x 100x 39.8x 41.4x 40.4x 30.5x 23.8x 20x
PBR 2.25x 1.71x 1.86x 1.94x 1.79x 1.45x 1.4x 1.3x
PEG - -9.5x 0x 9.02x -11.83x 3.42x 0.8x 1x
Capitalization / Revenue 5.22x 3.85x 4.07x 4.23x 3.78x 2.88x 2.72x 2.55x
EV / Revenue 5.57x 4.28x 4.45x 4.51x 4.09x 3.12x 2.85x 2.57x
EV / EBITDA 25.7x 20.8x 18.1x 17.9x 15.9x 11.8x 10.4x 9.09x
EV / EBIT 32x 23.7x 22.7x 22.1x 20.9x 14.9x 12.9x 11.2x
EV / FCF 71.6x 64.2x 57.6x 27.9x 24.5x 23.6x 18.4x 16.1x
FCF Yield 1.4% 1.56% 1.74% 3.59% 4.08% 4.24% 5.43% 6.2%
Dividend per Share 2 0.2159 0.2239 0.273 0.3138 - 0.3517 0.4072 0.4678
Rate of return 0.24% 0.33% 0.35% 0.37% - 0.53% 0.62% 0.71%
EPS 2 0.76 0.68 1.96 2.05 1.98 2.157 2.769 3.299
Distribution rate 28.4% 32.9% 13.9% 15.3% - 16.3% 14.7% 14.2%
Net sales 1 8,291 8,717 9,455 9,911 10,401 11,127 11,819 12,593
EBITDA 1 1,799 1,795 2,325 2,502 2,677 2,928 3,233 3,554
EBIT 1 1,443 1,571 1,849 2,027 2,039 2,322 2,602 2,888
Net income 1 376 335 974 1,018 980 1,085 1,380 1,613
Net Debt 1 2,911 3,700 3,600 2,800 3,210 2,599 1,544 212.6
Reference price 2 88.32 68.33 77.95 84.78 80.04 65.82 65.82 65.82
Nbr of stocks (in thousands) 490,100 491,700 493,200 494,600 491,200 487,700 - -
Announcement Date 2/15/22 2/27/23 2/27/24 2/25/25 2/24/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
29.1x2.83x11.97x2.46% 88.65B
32.1x3.45x11.07x-.--% 12.76B
195.69x9.9x50.7x - 9.5B
22.58x5.54x15.73x1.26% 2.26B
14.69x4.26x11.54x1.79% 1.46B
26.14x5.35x16.42x2% 869M
12.74x2.58x6.66x3.16% 793M
18.46x1.23x7.81x1.78% 741M
-8.36x - - - 646M
Average 38.13x 4.39x 16.49x 1.78% 13.08B
Weighted average by Cap. 42.17x 3.55x 15.05x 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

-40%: Exceptional extension
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