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 71,144 - -
Change - -27.44% 1.25% -7.05% 33.23% -2.81% - -
Enterprise Value (EV) 1 100,296 75,578 74,152 68,039 87,654 91,866 89,129 86,191
Change - -24.65% -1.89% -8.24% 28.83% 4.81% -2.98% -3.3%
P/E 18.6x 3.93x 11.9x 21.3x 12.9x 13.5x 11.2x 10.4x
PBR 5.34x 5.47x 4.4x 4.02x - 4.34x 3.8x 3.34x
PEG - 0x -0.2x -0.4x 0x -1.9x 0.5x 1.34x
Capitalization / Revenue 2.36x 1.99x 1.95x 1.75x 2.24x 2.1x 2x 1.94x
EV / Revenue 2.94x 2.58x 2.45x 2.17x 2.68x 2.71x 2.51x 2.36x
EV / EBITDA 8.85x 7.23x 6.37x 6.36x 7.77x 8.02x 7.28x 6.79x
EV / EBIT 11.4x 9.27x 8.44x 7.44x 8.96x 8.92x 8.08x 7.49x
EV / FCF 22.6x 12.1x 13.6x 13x 13.7x 16.6x 15.4x 12.7x
FCF Yield 4.42% 8.28% 7.36% 7.67% 7.32% 6.04% 6.5% 7.89%
Dividend per Share 2 1 0.6125 0.58 0.61 0.66 0.6958 0.7495 0.7831
Rate of return 4.98% 4.26% 4% 4.53% 3.62% 3.92% 4.22% 4.41%
EPS 2 1.082 3.662 1.216 0.632 1.411 1.31 1.591 1.715
Distribution rate 92.4% 16.7% 47.7% 96.5% 46.8% 53.1% 47.1% 45.7%
Net sales 1 34,114 29,324 30,328 31,376 32,667 33,949 35,491 36,595
EBITDA 1 11,330 10,449 11,635 10,693 11,278 11,453 12,249 12,687
EBIT 1 8,806 8,151 8,786 9,148 9,783 10,298 11,033 11,512
Net income 1 4,385 14,956 4,928 2,575 5,716 5,380 6,374 6,878
Net Debt 1 19,838 17,197 15,040 13,095 14,453 20,722 17,985 15,046
Reference price 2 20.08 14.38 14.50 13.46 18.24 17.76 17.76 17.76
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 (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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