Company Valuation: Gedeon Richter

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,619,625 1,542,290 1,627,029 1,893,161 1,799,226 2,349,190 - -
Change - -4.77% 5.49% 16.36% -4.96% 30.57% - -
Enterprise Value (EV) 1 1,559,769 1,395,557 1,546,536 1,782,343 1,588,618 2,031,190 1,927,800 1,809,186
Change - -10.53% 10.82% 15.25% -10.87% 27.86% -5.09% -6.15%
P/E 11.6x 9.94x 10.2x 7.96x 7.76x 9.03x 8.19x 7.41x
PBR 1.78x 1.47x 1.44x 1.49x 1.31x 1.55x 1.41x 1.28x
PEG - 0.9x 3.41x 0.2x -2.82x 0.7x 0.8x 0.7x
Capitalization / Revenue 2.57x 1.92x 2.02x 2.21x 1.94x 2.41x 2.29x 2.13x
EV / Revenue 2.47x 1.74x 1.92x 2.08x 1.71x 2.08x 1.88x 1.64x
EV / EBITDA 8.86x 7.1x 6.43x 5.74x 4.5x 5.42x 4.92x 4.23x
EV / EBIT 11.5x 9.09x 8.15x 6.82x 5.42x 6.68x 5.86x 5.1x
EV / FCF -460x 12.3x 17.9x 8.26x 7.56x 8.99x 8.29x 7.1x
FCF Yield -0.22% 8.12% 5.6% 12.1% 13.2% 11.1% 12.1% 14.1%
Dividend per Share 2 225 390 - - - 574 668.7 739.8
Rate of return 2.58% 4.7% - - - 4.46% 5.19% 5.74%
EPS 2 751 835 860 1,307 1,271 1,427 1,573 1,737
Distribution rate 30% 46.7% - - - 40.2% 42.5% 42.6%
Net sales 1 630,595 802,755 805,158 857,545 928,962 974,609 1,025,839 1,102,027
EBITDA 1 176,123 196,480 240,625 310,678 353,314 374,660 392,145 427,816
EBIT 1 135,832 153,555 189,817 261,157 292,851 304,122 329,026 354,886
Net income 1 139,626 155,581 158,850 239,244 232,335 265,272 288,115 316,164
Net Debt 1 -59,856 -146,733 -80,493 -110,818 -210,608 -318,000 -421,390 -540,005
Reference price 2 8,725.00 8,300.00 8,750.00 10,400.00 9,865.00 12,880.00 12,880.00 12,880.00
Nbr of stocks (in thousands) 185,630 185,818 185,946 182,035 182,385 182,391 - -
Announcement Date 3/2/22 2/28/23 2/29/24 4/7/25 2/27/26 - - -
1HUF in Million2HUF
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
35.13x6.59x22.83x0.9% 47.74B
19.22x2.3x10.4x1.35% 41.7B
27.99x3.41x17.65x0.9% 12.14B
26.56x3.8x15.76x0.61% 11.55B
18.7x3.32x11.56x3.86% 9.18B
9.03x2.08x5.42x4.46% 7.54B
16.16x2.11x6.87x3.16% 7.35B
28.37x3.7x17.22x0.16% 6.88B
Average 22.65x 3.41x 13.46x 1.92% 18.01B
Weighted average by Cap. 25.54x 4.05x 15.52x 1.46%

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