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 40,544 - -
Change - 24.72% 24.27% 5.03% -2.06% - -
Enterprise Value (EV) 1 27,464 31,008 51,598 49,619 44,632 40,500 36,779
Change - 12.91% 66.4% -3.84% -10.05% -9.26% -9.19%
P/E 13.5x 14.2x 13x 13.4x 9.22x 9.18x 9.85x
PBR 1.24x 1.47x 1.64x 1.72x 1.46x 1.31x 1.2x
PEG - 0.7x 0.3x 8.5x 0.2x 18.55x -1.44x
Capitalization / Revenue 1.39x 1.59x 1.79x 1.68x 1.57x 1.57x 1.62x
EV / Revenue 1.51x 1.56x 2.34x 2.01x 1.73x 1.57x 1.47x
EV / EBITDA 5.89x 5.49x 8.13x 6.3x 5.52x 5.02x 4.83x
EV / EBIT 9.63x 9.71x 15.8x 9.41x 7.37x 6.6x 6.42x
EV / FCF 10.2x 8.66x 18.7x 10.2x 7.88x 6.56x 6.72x
FCF Yield 9.83% 11.5% 5.35% 9.8% 12.7% 15.2% 14.9%
Dividend per Share 2 0.58 0.7 0.95 1.15 1.5 1.536 1.496
Rate of return 2.23% 2.14% 2.3% 2.66% 3.56% 3.65% 3.55%
EPS 2 1.93 2.31 3.17 3.22 4.566 4.589 4.274
Distribution rate 30.1% 30.3% 30% 35.7% 32.9% 33.5% 35%
Net sales 1 18,246 19,912 22,004 24,630 25,803 25,869 25,093
EBITDA 1 4,663 5,652 6,347 7,881 8,083 8,065 7,610
EBIT 1 2,852 3,195 3,270 5,275 6,052 6,135 5,726
Net income 1 1,916 2,290 3,143 3,192 4,553 4,597 4,270
Net Debt 1 2,031 -711 12,182 8,221 4,088 -44.13 -3,765
Reference price 2 26.05 32.76 41.32 43.16 42.12 42.12 42.12
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.($)
19.88x0.24x13.75x0.4% 98.45B
29.31x0.23x14.72x0.91% 53.41B
44.51x3.14x29.2x1.39% 22.84B
11.46x0.2x4.82x2.64% 8.13B
12.84x0.98x7.86x2.65% 7.4B
5.92x0.1x2.65x5% 6.7B
25.27x1.19x14.98x2.95% 5.29B
10.72x0.12x4.44x4.17% 3.69B
14.39x - - 2.36% 3.6B
Average 19.37x 0.78x 11.55x 2.5% 23.28B
Weighted average by Cap. 23.83x 0.60x 14.66x 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