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 39,135 - -
Change - 24.72% 24.27% 5.03% -5.47% - -
Enterprise Value (EV) 1 27,464 31,008 51,598 49,619 43,213 39,125 35,421
Change - 12.91% 66.4% -3.84% -12.91% -9.46% -9.47%
P/E 13.5x 14.2x 13x 13.4x 8.85x 8.87x 9.53x
PBR 1.24x 1.47x 1.64x 1.72x 1.4x 1.26x 1.16x
PEG - 0.7x 0.3x 8.5x 0.2x -42.21x -1.38x
Capitalization / Revenue 1.39x 1.59x 1.79x 1.68x 1.52x 1.51x 1.56x
EV / Revenue 1.51x 1.56x 2.34x 2.01x 1.67x 1.51x 1.41x
EV / EBITDA 5.89x 5.49x 8.13x 6.3x 5.34x 4.87x 4.67x
EV / EBIT 9.63x 9.71x 15.8x 9.41x 7.12x 6.43x 6.23x
EV / FCF 10.2x 8.66x 18.7x 10.2x 7.61x 6.4x 6.53x
FCF Yield 9.83% 11.5% 5.35% 9.8% 13.1% 15.6% 15.3%
Dividend per Share 2 0.58 0.7 0.95 1.15 1.503 1.525 1.486
Rate of return 2.23% 2.14% 2.3% 2.66% 3.71% 3.77% 3.67%
EPS 2 1.93 2.31 3.17 3.22 4.573 4.564 4.248
Distribution rate 30.1% 30.3% 30% 35.7% 32.9% 33.4% 35%
Net sales 1 18,246 19,912 22,004 24,630 25,828 25,850 25,073
EBITDA 1 4,663 5,652 6,347 7,881 8,093 8,028 7,577
EBIT 1 2,852 3,195 3,270 5,275 6,065 6,085 5,681
Net income 1 1,916 2,290 3,143 3,192 4,560 4,568 4,240
Net Debt 1 2,031 -711 12,182 8,221 4,078 -9.635 -3,714
Reference price 2 26.05 32.76 41.32 43.16 40.48 40.48 40.48
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
19.64x0.24x13.59x0.4% 97.22B
30.02x0.23x15.05x0.88% 54.7B
46.55x3.28x30.47x1.33% 24.02B
11.7x0.2x4.87x2.6% 8.27B
12.85x0.97x7.85x2.62% 7.4B
6.08x0.1x2.7x4.87% 6.9B
24.66x1.17x14.68x3.02% 5.21B
10.93x0.12x4.49x4.13% 3.74B
13.23x - - 2.46% 3.59B
Average 19.52x 0.79x 11.71x 2.48% 23.45B
Weighted average by Cap. 24.26x 0.63x 14.88x 1.11%

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