Company Valuation: Krka, d. d.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 3,676 2,857 3,402 4,274 6,184 7,388 - -
Change - -22.28% 19.08% 25.64% 44.7% 19.46% - -
Enterprise Value (EV) 1 3,373 2,338 3,228 3,929 5,836 6,785 6,733 6,679
Change - -30.68% 38.07% 21.73% 48.54% 16.26% -0.78% -0.8%
P/E 11.9x 7.87x 10.8x 12x 15.4x 17.3x 16.6x 15.7x
PBR 2.02x 1.41x 1.65x 2.04x 2.8x 3.09x 2.94x 2.81x
PEG - 0.4x -0.8x 0.8x 1.1x 2.54x 3.8x 2.97x
Capitalization / Revenue 2.35x 1.66x 1.88x 2.24x 3.03x 3.41x 3.22x 3.05x
EV / Revenue 2.15x 1.36x 1.79x 2.06x 2.86x 3.13x 2.94x 2.75x
EV / EBITDA 7.27x 4.78x 6.4x 7.55x 10.4x 10.9x 10.3x 9.75x
EV / EBIT 9.51x 6.13x 8.08x 9.19x 12.5x 13x 12.4x 11.7x
EV / FCF 10.5x 6.27x 36.7x 16x 13.6x 21.2x 18.2x 16.8x
FCF Yield 9.49% 16% 2.73% 6.25% 7.37% 4.73% 5.48% 5.96%
Dividend per Share 2 5 5.63 6.6 7.5 8.25 9.402 10.34 11.19
Rate of return 4.24% 6.12% 6% 5.4% 4.06% 3.85% 4.24% 4.59%
EPS 2 9.92 11.69 10.14 11.6 13.21 14.11 14.73 15.5
Distribution rate 50.4% 48.2% 65.1% 64.7% 62.5% 66.6% 70.2% 72.2%
Net sales 1 1,566 1,717 1,806 1,910 2,041 2,165 2,294 2,424
EBITDA 1 463.6 488.9 504.2 520.1 558.7 625.1 654.3 684.9
EBIT 1 354.8 381.2 399.6 427.6 465.1 522 543.6 571.7
Net income 1 309.2 363.3 313.9 357 403.2 434.1 457.1 478.8
Net Debt 1 -303.1 -518.9 -174 -344.9 -347.8 -602.1 -654.8 -708.6
Reference price 2 118.00 92.00 110.00 139.00 203.00 244.00 244.00 244.00
Nbr of stocks (in thousands) 31,152 31,052 30,925 30,748 30,464 30,277 - -
Announcement Date 3/17/22 4/13/23 3/14/24 3/13/25 3/12/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
17.65x3.2x11.1x3.78% 8.46B
39.94x13.51x30.01x0.5% 1,216B
39.86x6.69x18.83x1.96% 656B
37.08x8.43x17.39x2.4% 509B
21.12x5.13x12.77x2.56% 384B
97.32x5.95x25.36x2.32% 362B
23.5x6.02x14.53x2.65% 311B
24.85x4.96x13.98x1.76% 293B
28.41x7.33x12.69x2.19% 249B
-40.11x7.32x45.99x1.97% 208B
Average 28.96x 6.86x 20.26x 2.21% 419.63B
Weighted average by Cap. 35.84x 8.56x 22.21x 1.73%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Krka, d. d.

Historical PBR trend

Valuation ratios - PBR - Krka, d. d.

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Krka, d. d.

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Krka, d. d.


Year-on-year evolution of the Yield

Valuation ratios - Yield - Krka, d. d.
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