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 42,670 - -
Change - 24.72% 24.27% 5.03% 3.07% - -
Enterprise Value (EV) 1 27,464 31,008 51,598 49,619 46,673 42,492 38,733
Change - 12.91% 66.4% -3.84% -5.94% -8.96% -8.85%
P/E 13.5x 14.2x 13x 13.4x 9.5x 9.33x 9.92x
PBR 1.24x 1.47x 1.64x 1.72x 1.5x 1.35x 1.24x
PEG - 0.7x 0.3x 8.5x 0.2x 5.1x -1.65x
Capitalization / Revenue 1.39x 1.59x 1.79x 1.68x 1.65x 1.64x 1.68x
EV / Revenue 1.51x 1.56x 2.34x 2.01x 1.8x 1.63x 1.53x
EV / EBITDA 5.89x 5.49x 8.13x 6.3x 5.77x 5.24x 5.06x
EV / EBIT 9.63x 9.71x 15.8x 9.41x 7.88x 6.87x 6.69x
EV / FCF 10.2x 8.66x 18.7x 10.2x 7.77x 7x 6.93x
FCF Yield 9.83% 11.5% 5.35% 9.8% 12.9% 14.3% 14.4%
Dividend per Share 2 0.58 0.7 0.95 1.15 1.552 1.397 1.497
Rate of return 2.23% 2.14% 2.3% 2.66% 3.6% 3.24% 3.47%
EPS 2 1.93 2.31 3.17 3.22 4.545 4.628 4.35
Distribution rate 30.1% 30.3% 30% 35.7% 34.1% 30.2% 34.4%
Net sales 1 18,246 19,912 22,004 24,630 25,918 26,054 25,353
EBITDA 1 4,663 5,652 6,347 7,881 8,095 8,109 7,661
EBIT 1 2,852 3,195 3,270 5,275 5,927 6,183 5,791
Net income 1 1,916 2,290 3,143 3,192 4,586 4,649 4,359
Net Debt 1 2,031 -711 12,182 8,221 4,003 -177.7 -3,937
Reference price 2 26.05 32.76 41.32 43.16 43.16 43.16 43.16
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.($)
22.67x0.25x14.23x0.41% 103B
22.93x0.21x12.89x0.89% 54.57B
35.55x2.68x24.11x1.69% 22.16B
10.54x0.2x4.71x2.81% 8.07B
13.24x0.95x7.82x3% 7.11B
9.29x1.77x5.65x3.68% 6.49B
5.53x0.08x2.43x5.36% 6.17B
25.03x1.14x14.35x3.06% 5.12B
44.47x0.78x15.54x0.13% 4.29B
Average 21.03x 0.90x 11.30x 2.34% 24.13B
Weighted average by Cap. 22.89x 0.58x 13.77x 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