Company Valuation: Gilead Sciences, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 91,081 107,677 100,942 115,118 152,281 179,558 - -
Change - 18.22% -6.25% 14.04% 32.28% 17.91% - -
Enterprise Value (EV) 1 118,530 126,522 118,665 131,838 169,585 196,303 188,682 182,392
Change - 6.74% -6.21% 11.1% 28.63% 15.75% -3.88% -3.33%
P/E 14.7x 23.6x 18x 243x 18.1x -43.8x 18x 16.6x
PBR 4.32x 5.05x 4.48x 5.98x 6.73x 10.8x 7.96x 6.22x
PEG - -0.9x 0.8x -2.7x 0x 0x -0x 1.95x
Capitalization / Revenue 3.34x 3.95x 3.72x 4x 5.17x 5.85x 5.49x 5.23x
EV / Revenue 4.34x 4.64x 4.38x 4.59x 5.76x 6.4x 5.77x 5.31x
EV / EBITDA 8.12x 8.86x 9.01x 11.7x 10.6x 25x 10.6x 9.95x
EV / EBIT 9.45x 10.4x 11.3x 15.5x 12.9x 60.4x 11.9x 10.8x
EV / FCF 11x 15.2x 16x 12.8x 17.9x -372x 14.4x 13.2x
FCF Yield 9.12% 6.59% 6.25% 7.82% 5.58% -0.27% 6.93% 7.6%
Dividend per Share 2 2.84 2.92 3 3.08 3.16 3.291 3.349 3.012
Rate of return 3.91% 3.4% 3.7% 3.33% 2.57% 2.27% 2.31% 2.08%
EPS 2 4.93 3.64 4.5 0.38 6.78 -3.306 8.024 8.707
Distribution rate 57.6% 80.2% 66.7% 811% 46.6% -99.5% 41.7% 34.6%
Net sales 1 27,305 27,281 27,116 28,754 29,443 30,690 32,682 34,347
EBITDA 1 14,598 14,283 13,177 11,287 15,953 7,859 17,834 18,324
EBIT 1 12,548 12,180 10,484 8,520 13,193 3,248 15,834 16,889
Net income 1 6,225 4,592 5,665 480 8,510 -4,275 10,275 10,917
Net Debt 1 27,449 18,845 17,723 16,720 17,304 16,745 9,125 2,835
Reference price 2 72.61 85.85 81.01 92.37 122.74 144.81 144.81 144.81
Nbr of stocks (in thousands) 1,254,384 1,254,244 1,246,042 1,246,266 1,240,680 1,239,955 - -
Announcement Date 2/1/22 2/2/23 2/6/24 2/11/25 2/10/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
31.96x11.62x23.56x0.62% 1,001B
29.63x - - 2.02% 642B
32.65x7.56x15.72x2.69% 451B
18.78x4.58x11.35x2.9% 340B
19.52x5.11x12.66x3.19% 263B
20.44x4.2x12.01x2.1% 247B
24.19x6.38x11.35x2.64% 207B
12.74x4.63x9.67x3.94% 197B
-43.8x6.4x24.98x2.27% 180B
Average 16.23x 6.31x 15.16x 2.48% 391.82B
Weighted average by Cap. 23.23x 7.75x 17.18x 2.04%

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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