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 40,851 - -
Change - 24.72% 24.27% 5.03% -1.32% - -
Enterprise Value (EV) 1 27,464 31,008 51,598 49,619 44,946 40,744 36,711
Change - 12.91% 66.4% -3.84% -9.42% -9.35% -9.9%
P/E 13.5x 14.2x 13x 13.4x 9.34x 9.11x 9.74x
PBR 1.24x 1.47x 1.64x 1.72x 1.45x 1.3x 1.19x
PEG - 0.7x 0.3x 8.5x 0.2x 3.54x -1.51x
Capitalization / Revenue 1.39x 1.59x 1.79x 1.68x 1.59x 1.58x 1.63x
EV / Revenue 1.51x 1.56x 2.34x 2.01x 1.75x 1.58x 1.47x
EV / EBITDA 5.89x 5.49x 8.13x 6.3x 5.57x 5.02x 4.78x
EV / EBIT 9.63x 9.71x 15.8x 9.41x 7.47x 6.62x 6.36x
EV / FCF 10.2x 8.66x 18.7x 10.2x 8x 6.53x 6.57x
FCF Yield 9.83% 11.5% 5.35% 9.8% 12.5% 15.3% 15.2%
Dividend per Share 2 0.58 0.7 0.95 1.15 1.475 1.533 1.49
Rate of return 2.23% 2.14% 2.3% 2.66% 3.48% 3.61% 3.51%
EPS 2 1.93 2.31 3.17 3.22 4.54 4.657 4.357
Distribution rate 30.1% 30.3% 30% 35.7% 32.5% 32.9% 34.2%
Net sales 1 18,246 19,912 22,004 24,630 25,744 25,845 25,016
EBITDA 1 4,663 5,652 6,347 7,881 8,064 8,118 7,686
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 4,744 4,856 4,692
Net Debt 1 2,031 -711 12,182 8,221 4,095 -107.4 -4,140
Reference price 2 26.05 32.76 41.32 43.16 42.42 42.42 42.42
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.($)
17.68x0.21x12.28x0.44% 87.52B
30.42x0.24x15.21x0.87% 55.32B
43.89x3.1x28.77x1.41% 22.16B
11.02x0.2x4.71x2.73% 7.91B
12.79x0.98x7.9x2.64% 7.41B
5.63x0.09x2.63x5.33% 6.43B
24.39x1.17x14.47x2.96% 5.28B
10.21x0.11x4.18x4.38% 3.5B
13.42x - - 2.41% 3.36B
Average 18.83x 0.76x 11.27x 2.57% 22.1B
Weighted average by Cap. 23.28x 0.60x 14.10x 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