Company Valuation: Bayer AG

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 46,174 47,476 33,039 18,975 36,360 47,628 - -
Change - 2.82% -30.41% -42.57% 91.62% 30.99% - -
Enterprise Value (EV) 1 79,140 78,749 67,302 51,329 82,696 77,707 74,527 71,206
Change - -0.49% -14.54% -23.73% 61.11% -6.03% -4.09% -4.46%
P/E 46.1x 11.5x -11.2x -7.43x -10.1x 20.7x 15.5x 13.4x
PBR 1.4x 1.22x 1x 0.59x 1.4x 1.69x 1.53x 1.4x
PEG - 0x 0x 0.6x -0.2x -0x 0.5x 0.9x
Capitalization / Revenue 1.05x 0.94x 0.69x 0.41x 0.8x 1.04x 1.01x 0.98x
EV / Revenue 1.8x 1.55x 1.41x 1.1x 1.81x 1.7x 1.59x 1.47x
EV / EBITDA 7.08x 5.83x 5.75x 5.07x 8.55x 8.03x 7.24x 6.43x
EV / EBIT 10.8x 8.51x 8.87x 9.44x 16.2x 13.5x 11.5x 10.1x
EV / FCF 31.9x 19x 28.4x 11.2x 24x -129x 20.8x 17.1x
FCF Yield 3.13% 5.26% 3.52% 8.94% 4.16% -0.77% 4.81% 5.83%
Dividend per Share 2 2 2.4 0.11 0.11 0.11 0.1569 0.53 0.9835
Rate of return 4.26% 4.97% 0.33% 0.57% 0.3% 0.32% 1.09% 2.03%
EPS 2 1.02 4.22 -2.99 -2.6 -3.68 2.338 3.125 3.613
Distribution rate 196% 56.9% -3.68% -4.23% -2.99% 6.71% 17% 27.2%
Net sales 1 44,081 50,739 47,637 46,606 45,575 45,748 46,969 48,537
EBITDA 1 11,179 13,513 11,706 10,123 9,669 9,678 10,300 11,077
EBIT 1 7,295 9,257 7,589 5,436 5,108 5,735 6,474 7,076
Net income 1 1,000 4,150 -2,941 -2,552 -3,620 2,132 2,947 3,477
Net Debt 1 32,966 31,273 34,263 32,354 46,336 30,079 26,899 23,578
Reference price 2 47.00 48.32 33.63 19.31 37.01 48.48 48.48 48.48
Nbr of stocks (in thousands) 982,424 982,424 982,424 982,424 982,424 982,424 - -
Announcement Date 3/1/22 2/28/23 3/5/24 3/4/25 3/4/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
35.49x12.87x26.08x0.56% 1,111B
30.37x - - 1.97% 658B
33.76x7.81x16.23x2.59% 467B
20.64x4.89x12.12x2.7% 369B
22.46x5.78x14.33x2.76% 301B
21.25x4.36x12.44x2.02% 256B
28.07x7.23x12.84x2.27% 240B
13.6x4.83x10.09x3.78% 207B
-44.84x6.47x25.28x2.25% 182B
Average 17.87x 6.78x 16.18x 2.32% 421.22B
Weighted average by Cap. 25.43x 8.47x 18.61x 1.9%

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