Company Valuation: Lavipharm S.A.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 24.01 29.63 64.46 133.6 134.1 163.6
Change - 23.4% 117.58% 107.29% 0.36% 22.01%
Enterprise Value (EV) 1 61.48 65.32 83.39 157.7 162.4 190.3
Change - 6.24% 27.68% 89.07% 3.03% 17.15%
P/E 11.1x 17.2x 9.91x 71.4x 14.9x 27.9x
PBR -1.95x -2.97x 1.6x 3.13x 2.53x 2.91x
PEG - -0.8x -0.2x -1x 0x -0.8x
Capitalization / Revenue 0.64x 0.75x 1.4x 2.62x 2.53x 2.61x
EV / Revenue 1.63x 1.64x 1.81x 3.1x 3.07x 3.04x
EV / EBITDA 9.72x 11.3x 16.9x 19.7x 17.9x 14.7x
EV / EBIT 11.7x 14.5x 20.6x 35.9x 31x 22.1x
EV / FCF 108x 24.9x -2.69x -33.3x -34.5x 116x
FCF Yield 0.93% 4.01% -37.2% -3% -2.9% 0.86%
Dividend per Share 2 - - - - 0.02 -
Rate of return - - - - 2.52% -
EPS 2 0.1272 0.1012 0.0387 0.0111 0.0533 0.0348
Distribution rate - - - - 37.5% -
Net sales 1 37.64 39.72 46.01 50.93 52.95 62.58
EBITDA 1 6.326 5.761 4.932 8.022 9.072 12.92
EBIT 1 5.235 4.51 4.042 4.388 5.241 8.624
Net income 1 2.165 1.723 0.834 1.871 8.982 5.986
Net Debt 1 37.47 35.69 18.93 24.04 28.34 26.67
Reference price 2 1.410 1.740 0.384 0.796 0.795 0.970
Nbr of stocks (in thousands) 17,027 17,027 167,868 167,868 168,691 168,691
Announcement Date 4/26/21 3/21/22 3/27/23 3/21/24 4/3/25 4/23/26
1EUR in Million2EUR
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 309M
35.83x6.73x23.32x0.88% 48.85B
19.79x2.33x10.61x1.31% 41.43B
29.78x4.1x16.66x0.56% 12.46B
28.48x3.47x17.99x0.89% 12.39B
18.73x3.33x11.58x3.85% 9.08B
9.14x2.11x5.5x4.4% 7.53B
15.92x2.06x6.44x3.24% 7.14B
34.55x3.94x16.76x0.23% 6.73B
Average 24.03x 3.51x 13.61x 1.92% 16.21B
Weighted average by Cap. 26.64x 4.17x 15.89x 1.43%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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  4. Valuation Lavipharm S.A.