Company Valuation: Lundbeck

Data adjusted to current consolidation scope
Fiscal Period: December 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 25,433 31,719 39,416 41,398 40,562 - -
Change - 24.72% 24.27% 5.03% -2.02% - -
Enterprise Value (EV) 1 27,464 31,008 51,598 49,619 44,660 40,531 36,481
Change - 12.91% 66.4% -3.84% -9.99% -9.24% -9.99%
P/E 13.5x 14.2x 13x 13.4x 9.36x 9.15x 9.74x
PBR 1.24x 1.47x 1.64x 1.72x 1.43x 1.29x 1.18x
PEG - 0.7x 0.3x 8.5x 0.2x 4.06x -1.61x
Capitalization / Revenue 1.39x 1.59x 1.79x 1.68x 1.58x 1.58x 1.63x
EV / Revenue 1.51x 1.56x 2.34x 2.01x 1.74x 1.57x 1.46x
EV / EBITDA 5.89x 5.49x 8.13x 6.3x 5.56x 5.03x 4.77x
EV / EBIT 9.63x 9.71x 15.8x 9.41x 7.44x 6.66x 6.37x
EV / FCF 10.2x 8.66x 18.7x 10.2x 7.95x 6.49x 6.52x
FCF Yield 9.83% 11.5% 5.35% 9.8% 12.6% 15.4% 15.3%
Dividend per Share 2 0.58 0.7 0.95 1.15 1.475 1.508 1.462
Rate of return 2.23% 2.14% 2.3% 2.66% 3.5% 3.58% 3.47%
EPS 2 1.93 2.31 3.17 3.22 4.506 4.607 4.329
Distribution rate 30.1% 30.3% 30% 35.7% 32.7% 32.7% 33.8%
Net sales 1 18,246 19,912 22,004 24,630 25,704 25,735 24,960
EBITDA 1 4,663 5,652 6,347 7,881 8,033 8,065 7,652
EBIT 1 2,852 3,195 3,270 5,275 6,005 6,081 5,728
Net income 1 1,916 2,290 3,143 3,192 4,710 4,807 4,665
Net Debt 1 2,031 -711 12,182 8,221 4,098 -30.08 -4,080
Reference price 2 26.05 32.76 41.32 43.16 42.18 42.18 42.18
Nbr of stocks (in thousands) 992,840 992,840 992,011 991,227 991,227 - -
Announcement Date 2/7/23 2/7/24 2/5/25 2/4/26 - - -
1DKK in Million2DKK
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
18.58x0.22x12.87x0.42% 91.96B
29.33x0.23x14.71x0.91% 53.33B
44.04x3.11x28.87x1.41% 22.86B
10.35x0.2x4.63x2.91% 8.06B
12.59x0.96x7.77x2.68% 7.33B
5.89x0.1x2.72x5.1% 6.76B
24.06x1.16x14.31x3% 5.31B
10.25x0.12x4.2x4.36% 3.53B
13.2x - - 2.45% 3.34B
Average 18.70x 0.76x 11.26x 2.58% 22.5B
Weighted average by Cap. 23.23x 0.60x 14.22x 1.17%

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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