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 42,609,000 - -
Change - -16.64% 21.61% 44.32% -1.89% 7.59% - -
Enterprise Value (EV) 1 27,117 23,236 29,280 41,531 42,173 44,587 43,871 42,987
Change - -14.31% 26.01% 41.84% 1.55% 5.72% -1.6% -2.02%
P/E 47.2x 41.6x 53.7x 91.7x 38.8x 28.3x 24.4x 21.6x
PBR 6.87x 5.34x 2.46x 2.2x 2.32x 2.3x 2.12x 1.94x
PEG - -9.54x -20.3x -2.1x 0x 0.6x 1.5x 1.7x
Capitalization / Revenue 14.6x 10.1x 12.9x 11.3x 9.51x 7.82x 6.74x 6.08x
EV / Revenue 14.3x 10.2x 13.5x 11.7x 10.1x 8.18x 6.94x 6.13x
EV / EBITDA 27.9x 26.6x 32.6x 45.6x 29x 20.6x 17.3x 15.2x
EV / EBIT 36x 35.9x 44.9x 84.4x 36.1x 24.5x 20.1x 17.2x
EV / FCF 46x -211x 89.5x 54.2x 78.4x 42.6x 32.8x 27.6x
FCF Yield 2.17% -0.47% 1.12% 1.85% 1.28% 2.35% 3.05% 3.62%
Dividend per Share 3 628.9 - 436.1 686.8 714.3 762.2 819.8 885.2
Rate of return 0.38% - 0.25% 0.4% 0.41% 0.41% 0.44% 0.48%
EPS 3 3,515 3,362 3,273 1,873 4,438 6,572 7,617 8,610
Distribution rate 17.9% - 13.3% 36.7% 16.1% 11.6% 10.8% 10.3%
Net sales 1 1,891 2,284 2,176 3,557 4,162 5,449 6,325 7,007
EBITDA 1 972.1 873.6 897.2 910.3 1,456 2,169 2,534 2,821
EBIT 1 753.9 647.2 651.5 492 1,168 1,820 2,188 2,499
Net income 1 575.1 533.2 535.6 422.7 1,030 1,485 1,768 1,996
Net Debt 1 -475.5 235.5 1,310 1,165 2,571 1,978 1,262 378.2
Reference price 3 166,042.75 139,979.07 175,736.96 171,703.30 172,380.95 185,800.00 185,800.00 185,800.00
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.($)
27.72x8.03x20.18x0.42% 29.19B
32.9x5.88x17.49x0.97% 48.22B
-22.77x340.62x-20.81x-.--% 38.79B
29.98x3x12.95x-.--% 38.41B
46.6x4.72x30.74x-.--% 34.88B
32.6x5.33x24.22x-.--% 16B
22.53x1.98x8.57x1.17% 13.53B
24.75x1.81x11.1x-.--% 12.22B
60.62x9.25x26.27x0.44% 11.24B
Average 28.33x 42.29x 14.52x 0.33% 26.94B
Weighted average by Cap. 25.16x 58.76x 12.91x 0.33%

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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