Company Valuation: Alvotech

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 308.8 2,486 3,048 3,991 1,606 1,899 - -
Change - 705.34% 22.59% 30.92% -59.76% 18.25% - -
Enterprise Value (EV) 1 308.8 3,165 3,959 5,330 2,883 2,976 2,956 2,849
Change - 925.01% 25.11% 34.63% -45.92% 3.22% -0.66% -3.63%
P/E -0.8x -3.85x -4.72x -15.2x 9.5x 102x 17.9x 10.4x
PBR - -4.41x -2.8x -8.59x -5.22x -10.2x -24.6x 14.3x
PEG - 0x 0.72x 0.2x -0x -1.1x 0x 0.1x
Capitalization / Revenue 8.4x 29.9x 32.6x 8.11x 2.73x 2.88x 2.45x 2.1x
EV / Revenue 8.4x 38.1x 42.4x 10.8x 4.9x 4.51x 3.81x 3.15x
EV / EBITDA - -9.71x -12x 52.8x 24.8x 16.1x 11.2x 7.94x
EV / EBIT - -9.13x -11.2x 76.5x 36.9x 21x 13.3x 9.07x
EV / FCF - -9.04x -11.5x -18.3x -18.7x -22.7x 89.6x 27.4x
FCF Yield - -11.1% -8.72% -5.45% -5.36% -4.4% 1.12% 3.65%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -12.29 -2.6 -2.43 -0.87 0.54 0.052 0.297 0.5107
Distribution rate - - - - - - - -
Net sales 1 36.77 83.03 93.38 492 588.9 659.3 775.7 904.5
EBITDA 1 - -326 -330.6 100.9 116.1 184.4 263 359
EBIT 1 - -346.4 -354.9 69.64 78.21 141.5 222.1 314.1
Net income 1 - -513.6 -551.7 -231.9 157.9 30.36 109.1 178.4
Net Debt 1 - 678.2 911 1,340 1,277 1,077 1,057 949.9
Reference price 2 9.880 10.000 11.480 13.230 5.130 5.320 5.320 5.320
Nbr of stocks (in thousands) 31,250 248,650 265,530 301,640 313,019 356,912 - -
Announcement Date 5/10/22 3/1/23 3/20/24 3/26/25 3/18/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
102.29x4.51x16.14x-.--% 1.9B
33.15x5.95x17.82x0.98% 48.93B
-21.5x245.64x-23.19x-.--% 45.01B
34.48x3.33x14.35x-.--% 44.07B
46.93x5.41x29.72x-.--% 40.73B
28.42x8.6x21.8x0.4% 33.52B
33.62x5.51x25.02x-.--% 16.5B
24.24x2.11x9.11x1.11% 14.67B
77.18x4.06x15.75x-.--% 13.77B
Average 39.87x 31.68x 14.06x 0.28% 28.79B
Weighted average by Cap. 27.81x 47.04x 12.33x 0.3%

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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