Company Valuation: Celltrion, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 27,592,583 23,000,359 27,970,378 40,365,453 39,602,284 40,178,131 - -
Change - -16.64% 21.61% 44.32% -1.89% 1.45% - -
Enterprise Value (EV) 1 27,117 23,236 29,280 41,531 42,173 42,220 41,606 40,868
Change - -14.31% 26.01% 41.84% 1.55% 0.11% -1.45% -1.77%
P/E 47.2x 41.6x 53.7x 91.7x 38.8x 27.1x 24x 20.9x
PBR 6.87x 5.34x 2.46x 2.2x 2.32x 2.21x 2.03x 1.87x
PEG - -9.54x -20.3x -2.1x 0x 0.6x 1.9x 1.4x
Capitalization / Revenue 14.6x 10.1x 12.9x 11.3x 9.51x 7.55x 6.5x 5.83x
EV / Revenue 14.3x 10.2x 13.5x 11.7x 10.1x 7.93x 6.73x 5.93x
EV / EBITDA 27.9x 26.6x 32.6x 45.6x 29x 19.9x 16.9x 14.7x
EV / EBIT 36x 35.9x 44.9x 84.4x 36.1x 23.4x 19.4x 16.6x
EV / FCF 46x -211x 89.5x 54.2x 78.4x 33.8x 31.9x 28x
FCF Yield 2.17% -0.47% 1.12% 1.85% 1.28% 2.96% 3.14% 3.57%
Dividend per Share 3 628.9 - 436.1 686.8 714.3 736 799.7 860.4
Rate of return 0.38% - 0.25% 0.4% 0.41% 0.42% 0.46% 0.49%
EPS 3 3,515 3,362 3,273 1,873 4,438 6,476 7,308 8,402
Distribution rate 17.9% - 13.3% 36.7% 16.1% 11.4% 10.9% 10.2%
Net sales 1 1,891 2,284 2,176 3,557 4,162 5,321 6,181 6,890
EBITDA 1 972.1 873.6 897.2 910.3 1,456 2,120 2,468 2,787
EBIT 1 753.9 647.2 651.5 492 1,168 1,807 2,148 2,467
Net income 1 575.1 533.2 535.6 422.7 1,030 1,484 1,698 1,951
Net Debt 1 -475.5 235.5 1,310 1,165 2,571 2,041 1,427 689.5
Reference price 3 166,042.75 139,979.07 175,736.96 171,703.30 172,380.95 175,200.00 175,200.00 175,200.00
Nbr of stocks (in thousands) 166,178 164,313 159,160 235,088 229,737 229,327 - -
Announcement Date 2/16/22 3/3/23 2/29/24 2/25/25 2/4/26 - - -
1KRW in Million2KRW in Billions3KRW
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
27.05x7.93x19.91x0.42% 26.76B
35.38x6.18x19.12x0.93% 50.73B
-23.4x342.07x-22.1x-.--% 39.73B
25.29x2.8x12.09x-.--% 34.69B
45.73x4.51x28.9x-.--% 33.21B
31.75x5.12x23.32x-.--% 15.37B
23.95x2.04x8.96x1.12% 13.78B
23.74x1.89x11.45x-.--% 12.85B
-33.62x128.84x-36.68x-.--% 12.11B
Average 17.32x 55.71x 7.22x 0.27% 26.58B
Weighted average by Cap. 19.65x 67.11x 9.15x 0.31%

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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