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 35,164 - -
Change - -22.39% 14.43% 9.07% -6.24% -10.56% - -
Enterprise Value (EV) 1 46,197 37,296 42,046 44,734 42,526 37,709 36,614 35,170
Change - -19.27% 12.73% 6.39% -4.93% -11.33% -2.9% -3.94%
P/E 116x 100x 39.8x 41.4x 40.4x 43.5x 26.4x 21.6x
PBR 2.25x 1.71x 1.86x 1.94x 1.79x 1.63x 1.55x 1.45x
PEG - -9.5x 0x 9.02x -11.83x -2.8x 0.4x 1x
Capitalization / Revenue 5.22x 3.85x 4.07x 4.23x 3.78x 3.17x 2.99x 2.81x
EV / Revenue 5.57x 4.28x 4.45x 4.51x 4.09x 3.4x 3.11x 2.81x
EV / EBITDA 25.7x 20.8x 18.1x 17.9x 15.9x 12.6x 11.3x 9.86x
EV / EBIT 32x 23.7x 22.7x 22.1x 20.9x 16.1x 14.1x 12.3x
EV / FCF 71.6x 64.2x 57.6x 27.9x 24.5x 25.1x 20.9x 17.9x
FCF Yield 1.4% 1.56% 1.74% 3.59% 4.08% 3.99% 4.79% 5.57%
Dividend per Share 2 0.2159 0.2239 0.273 0.3138 0.362 0.368 0.4124 0.4726
Rate of return 0.24% 0.33% 0.35% 0.37% 0.45% 0.51% 0.57% 0.65%
EPS 2 0.76 0.68 1.96 2.05 1.98 1.67 2.754 3.367
Distribution rate 28.4% 32.9% 13.9% 15.3% 18.3% 22% 15% 14%
Net sales 1 8,291 8,717 9,455 9,911 10,401 11,089 11,774 12,519
EBITDA 1 1,799 1,795 2,325 2,502 2,677 2,983 3,250 3,568
EBIT 1 1,443 1,571 1,849 2,027 2,039 2,336 2,590 2,871
Net income 1 376 335 974 1,018 980 764.2 1,259 1,628
Net Debt 1 2,911 3,700 3,600 2,800 3,210 2,545 1,450 6.267
Reference price 2 88.32 68.33 77.95 84.78 80.04 72.74 72.74 72.74
Nbr of stocks (in thousands) 490,100 491,700 493,200 494,600 491,200 483,400 - -
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.($)
28.01x2.73x11.04x2.58% 85.25B
43.55x3.4x12.64x0.51% 35.16B
35.15x3.78x12.13x-.--% 14.17B
124.96x9.57x45.87x-.--% 11.8B
27.62x6.96x19.96x1% 2.76B
15.5x4.04x9.19x1.72% 1.48B
14.39x2.96x7.62x2.97% 913M
26.71x5.46x15.92x1.96% 893M
-10.5x - - - 891M
Average 33.93x 4.86x 16.80x 1.34% 17.03B
Weighted average by Cap. 39.25x 3.62x 14.36x 1.62%

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