Company Valuation: GSK plc

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 80,458 58,381 59,112 54,944 73,201 73,408 - -
Change - -27.44% 1.25% -7.05% 33.23% 0.28% - -
Enterprise Value (EV) 1 100,296 75,578 74,152 68,039 87,654 94,650 91,925 89,105
Change - -24.65% -1.89% -8.24% 28.83% 7.98% -2.88% -3.07%
P/E 18.6x 3.93x 11.9x 21.3x 12.9x 14.2x 11.7x 10.8x
PBR 5.34x 5.47x 4.4x 4.02x 4.51x 4.53x 3.99x 3.53x
PEG - 0x -0.2x -0.4x 0x -1.64x 0.5x 1.32x
Capitalization / Revenue 2.36x 1.99x 1.95x 1.75x 2.24x 2.16x 2.07x 2x
EV / Revenue 2.94x 2.58x 2.45x 2.17x 2.68x 2.79x 2.59x 2.43x
EV / EBITDA 8.85x 7.23x 6.37x 6.36x 7.77x 8.25x 7.49x 7.01x
EV / EBIT 11.4x 9.27x 8.44x 7.44x 8.96x 9.18x 8.32x 7.73x
EV / FCF 22.6x 12.1x 13.6x 13x 13.7x 16.9x 16.1x 13.4x
FCF Yield 4.42% 8.28% 7.36% 7.67% 7.32% 5.91% 6.23% 7.49%
Dividend per Share 2 1 0.6125 0.58 0.61 0.66 0.6958 0.7494 0.7843
Rate of return 4.98% 4.26% 4% 4.53% 3.62% 3.8% 4.09% 4.28%
EPS 2 1.082 3.662 1.216 0.632 1.411 1.289 1.566 1.694
Distribution rate 92.4% 16.7% 47.7% 96.5% 46.8% 54% 47.9% 46.3%
Net sales 1 34,114 29,324 30,328 31,376 32,667 33,920 35,498 36,615
EBITDA 1 11,330 10,449 11,635 10,693 11,278 11,473 12,275 12,711
EBIT 1 8,806 8,151 8,786 9,148 9,783 10,310 11,046 11,531
Net income 1 4,385 14,956 4,928 2,575 5,716 5,191 6,209 6,755
Net Debt 1 19,838 17,197 15,040 13,095 14,453 21,242 18,517 15,696
Reference price 2 20.08 14.38 14.50 13.46 18.24 18.32 18.32 18.32
Nbr of stocks (in thousands) 4,006,383 4,060,999 4,076,145 4,080,519 4,012,126 4,007,011 - -
Announcement Date 2/9/22 2/1/23 1/31/24 2/5/25 2/4/26 - - -
1GBP in Million2GBP
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
32.9x11.93x24.23x0.6% 1,031B
29.45x6.54x18.31x2.02% 638B
33.1x7.75x16.02x2.65% 462B
105.72x5.91x25.05x2.35% 359B
19x4.63x11.48x2.87% 335B
20.37x5.28x13.08x3.03% 273B
20.79x4.31x12.28x2.05% 253B
26.62x6.92x12.32x2.39% 228B
-45.08x6.57x25.65x2.21% 185B
Average 26.98x 6.65x 17.60x 2.24% 418.21B
Weighted average by Cap. 32.10x 7.72x 18.90x 1.92%

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