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 72,266 - -
Change - -27.44% 1.25% -7.05% 33.23% -1.28% - -
Enterprise Value (EV) 1 100,296 75,578 74,152 68,039 87,654 92,990 90,252 87,313
Change - -24.65% -1.89% -8.24% 28.83% 6.09% -2.94% -3.26%
P/E 18.6x 3.93x 11.9x 21.3x 12.9x 13.8x 11.3x 10.5x
PBR 5.34x 5.47x 4.4x 4.02x - 4.41x 3.86x 3.39x
PEG - 0x -0.2x -0.4x 0x -1.94x 0.5x 1.35x
Capitalization / Revenue 2.36x 1.99x 1.95x 1.75x 2.24x 2.13x 2.04x 1.97x
EV / Revenue 2.94x 2.58x 2.45x 2.17x 2.68x 2.74x 2.54x 2.39x
EV / EBITDA 8.85x 7.23x 6.37x 6.36x 7.77x 8.12x 7.37x 6.88x
EV / EBIT 11.4x 9.27x 8.44x 7.44x 8.96x 9.03x 8.18x 7.58x
EV / FCF 22.6x 12.1x 13.6x 13x 13.7x 16.8x 15.6x 12.8x
FCF Yield 4.42% 8.28% 7.36% 7.67% 7.32% 5.97% 6.42% 7.79%
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% 3.86% 4.16% 4.34%
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 20,723 17,986 15,046
Reference price 2 20.08 14.38 14.50 13.46 18.24 18.04 18.04 18.04
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.($)
31.99x11.64x23.74x0.62% 1,002B
29.94x - - 2% 649B
31.86x7.4x15.38x2.76% 440B
19.06x4.64x11.51x2.86% 346B
19.62x5.13x12.72x3.16% 263B
20.69x4.25x12.14x2.08% 250B
24.87x6.52x11.97x2.57% 213B
13.02x4.72x9.85x3.87% 201B
-44.81x6.47x25.27x2.25% 182B
Average 16.25x 6.35x 15.32x 2.46% 393.74B
Weighted average by Cap. 23.18x 7.75x 17.28x 2.03%

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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