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 41,983 - -
Change - 24.72% 24.27% 5.03% 1.41% - -
Enterprise Value (EV) 1 27,464 31,008 51,598 49,619 46,072 41,889 38,149
Change - 12.91% 66.4% -3.84% -7.15% -9.08% -8.93%
P/E 13.5x 14.2x 13x 13.4x 9.62x 9.44x 10.1x
PBR 1.24x 1.47x 1.64x 1.72x 1.51x 1.36x 1.25x
PEG - 0.7x 0.3x 8.5x 0.2x 4.86x -1.53x
Capitalization / Revenue 1.39x 1.59x 1.79x 1.68x 1.63x 1.63x 1.68x
EV / Revenue 1.51x 1.56x 2.34x 2.01x 1.79x 1.62x 1.53x
EV / EBITDA 5.89x 5.49x 8.13x 6.3x 5.7x 5.18x 4.98x
EV / EBIT 9.63x 9.71x 15.8x 9.41x 7.65x 6.81x 6.61x
EV / FCF 10.2x 8.66x 18.7x 10.2x 8.19x 6.76x 6.89x
FCF Yield 9.83% 11.5% 5.35% 9.8% 12.2% 14.8% 14.5%
Dividend per Share 2 0.58 0.7 0.95 1.15 1.502 1.552 1.515
Rate of return 2.23% 2.14% 2.3% 2.66% 3.43% 3.55% 3.46%
EPS 2 1.93 2.31 3.17 3.22 4.547 4.635 4.329
Distribution rate 30.1% 30.3% 30% 35.7% 33% 33.5% 35%
Net sales 1 18,246 19,912 22,004 24,630 25,738 25,820 24,986
EBITDA 1 4,663 5,652 6,347 7,881 8,078 8,090 7,657
EBIT 1 2,852 3,195 3,270 5,275 6,020 6,153 5,773
Net income 1 1,916 2,290 3,143 3,192 4,559 4,618 4,313
Net Debt 1 2,031 -711 12,182 8,221 4,089 -93.58 -3,834
Reference price 2 26.05 32.76 41.32 43.16 43.76 43.76 43.76
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.($)
18.55x0.22x12.86x0.42% 91.82B
30.59x0.24x15.28x0.87% 55.63B
44.2x3.12x28.97x1.4% 22.51B
11.41x0.2x4.85x2.63% 8.16B
13.56x1.05x8.43x2.49% 7.86B
6.03x0.09x2.57x4.87% 6.86B
24.47x1.18x14.52x2.95% 5.31B
10.81x0.12x4.48x4.14% 3.71B
13.59x - - 2.52% 3.41B
Average 19.25x 0.78x 11.49x 2.48% 22.81B
Weighted average by Cap. 23.66x 0.60x 14.37x 1.13%

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