Valuation Recordati

Stocks

Market Closed - Borsa Italiana 12:45:00 2026-10-28 EDT			5-day change	1st Jan Change
52.95 ^EUR	+0.38%		0.00%	+9.09%

10-27	MIB falls to 49,000; Brent around $111	AN
10-27	Stocks lower; Stellantis and Mediobanca at bottom of MIB	AN

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Market Cap ¹	11,657	7,959	10,042	10,347	9,930	10,845	-	-
Change	-	-31.72%	26.16%	3.04%	-4.03%	9.22%	-	-
Enterprise Value (EV) ¹	12,405	9,379	11,621	12,501	11,967	12,619	12,307	11,939
Change	-	-24.39%	23.9%	7.57%	-4.27%	5.45%	-2.47%	-2.99%
P/E	30.6x	25.9x	26.2x	25.4x	22.9x	21.5x	17.5x	15x
PBR	8.42x	5.15x	6.06x	5.64x	5.29x	4.95x	4.31x	3.75x
PEG	-	-1.4x	1.1x	3.61x	3.54x	1.4x	0.8x	0.9x
Capitalization / Revenue	7.38x	4.29x	4.82x	4.42x	3.79x	3.88x	3.58x	3.36x
EV / Revenue	7.85x	5.06x	5.58x	5.34x	4.57x	4.52x	4.06x	3.7x
EV / EBITDA	20.6x	13.9x	15.1x	14.4x	12.1x	12.4x	10.8x	9.94x
EV / EBIT	25.3x	21.4x	20.8x	18.3x	15.4x	15.1x	12.9x	11.4x
EV / FCF	26.4x	21.4x	25.5x	23.4x	23.3x	19x	16.3x	14.1x
FCF Yield	3.79%	4.68%	3.92%	4.28%	4.29%	5.27%	6.15%	7.07%
Dividend per Share ²	1.1	1.15	1.2	1.27	1.34	1.524	1.682	1.795
Rate of return	1.95%	2.97%	2.46%	2.51%	2.76%	2.88%	3.18%	3.39%
EPS ²	1.846	1.494	1.861	1.992	2.121	2.457	3.024	3.538
Distribution rate	59.6%	77%	64.5%	63.8%	63.2%	62%	55.6%	50.7%
Net sales ¹	1,580	1,853	2,082	2,342	2,618	2,792	3,028	3,224
EBITDA ¹	602.3	672.8	769.6	865.8	991.1	1,020	1,140	1,201
EBIT ¹	490.2	437.3	558	684.4	774.9	833.7	953.3	1,050
Net income ¹	386	312.3	389.2	416.5	443.6	568.9	684.1	764.7
Net Debt ¹	747.6	1,420	1,579	2,154	2,037	1,774	1,462	1,095
Reference price ²	56.50	38.75	48.83	50.60	48.54	52.95	52.95	52.95
Nbr of stocks (in thousands)	206,325	205,406	205,645	204,479	204,565	204,813	-	-
Announcement Date	2/24/22	2/21/23	2/22/24	2/13/25	2/17/26	-	-	-

¹EUR in Million²EUR

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
RECORDATI	21.47x	4.5x	12.33x	2.89%	12.04B
ELI LILLY AND COMPANY	37.66x	13.18x	27.98x	0.53%	1,143B
JOHNSON & JOHNSON	39.33x	6.61x	18.6x	1.99%	647B
ABBVIE INC.	37.45x	8.4x	17.37x	2.4%	506B
ROCHE HOLDING AG	21.46x	5.22x	12.98x	2.51%	384B
MERCK & CO., INC.	103.38x	5.8x	24.86x	2.4%	350B
NOVARTIS AG	21.99x	5.69x	13.69x	2.94%	293B
ASTRAZENECA PLC	22.31x	4.51x	12.87x	1.96%	265B
AMGEN INC.	28.42x	7.28x	13.03x	2.25%	242B
GILEAD SCIENCES, INC.	-45.78x	7.1x	27.53x	2.07%	197B
Average	28.77x	6.83x	18.12x	2.19%	403.96B
Weighted average by Cap.	35.23x	8.34x	20.46x	1.8%