Company Valuation: Roche Holding AG

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 306,810 239,812 197,073 205,191 262,098 261,358 - -
Change - -21.84% -17.82% 4.12% 27.73% -0.28% - -
Enterprise Value (EV) 1 324,977 255,396 215,772 222,528 278,258 271,792 265,114 257,425
Change - -21.41% -15.51% 3.13% 25.04% -2.32% -2.46% -2.9%
P/E 23.4x 18.9x 17.1x 24.8x 20.5x 17.5x 16.3x 15.1x
PBR 13.2x 8.29x 5.91x 5.67x 7.8x 6.49x 5.48x 4.66x
PEG - -3.69x -2.48x -0.9x 0.4x 1x 2.36x 1.78x
Capitalization / Revenue 4.89x 3.79x 3.36x 3.39x 4.26x 4.18x 4.02x 3.83x
EV / Revenue 5.17x 4.04x 3.67x 3.68x 4.52x 4.34x 4.08x 3.77x
EV / EBITDA 13.2x 10.2x 9.82x 9.45x 11.3x 10.7x 9.77x 8.95x
EV / EBIT 14.8x 11.5x 11.2x 10.7x 12.7x 12.1x 11x 10x
EV / FCF 20.7x 19.6x 19.1x 14.5x 23.6x 17.5x 16.2x 14.6x
FCF Yield 4.83% 5.11% 5.23% 6.89% 4.24% 5.71% 6.17% 6.86%
Dividend per Share 2 9.3 9.5 9.6 9.7 9.8 10.01 10.25 10.52
Rate of return 2.45% 3.27% 3.93% 3.8% 2.99% 3.05% 3.13% 3.21%
EPS 2 16.2 15.37 14.31 10.31 16.04 18.77 20.06 21.76
Distribution rate 57.4% 61.8% 67.1% 94.1% 61.1% 53.4% 51.1% 48.4%
Net sales 1 62,801 63,281 58,716 60,495 61,516 62,557 65,058 68,207
EBITDA 1 24,692 25,015 21,976 23,538 24,608 25,443 27,124 28,764
EBIT 1 21,897 22,173 19,240 20,823 21,833 22,547 24,140 25,685
Net income 1 13,930 12,421 11,498 8,277 12,880 15,225 16,245 17,443
Net Debt 1 18,167 15,584 18,699 17,337 16,160 10,433 3,756 -3,933
Reference price 2 379.10 290.50 244.50 255.50 328.20 327.80 327.80 327.80
Nbr of stocks (in thousands) 800,952 800,579 798,652 796,789 796,317 795,618 - -
Announcement Date 2/3/22 2/2/23 2/1/24 1/30/25 1/29/26 - - -
1CHF in Million2CHF
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
32.54x11.83x24.36x0.61% 992B
25.03x5.77x15.69x2.28% 564B
27.45x6.62x13.53x3.1% 391B
22.62x4.72x13.39x1.85% 280B
21.12x5.46x13.25x2.94% 279B
12.67x4.72x9.72x3.98% 196B
22.21x5.97x10.43x2.95% 184B
-44.95x5.42x29.92x2.59% 156B
12.12x3.18x7.73x6.76% 148B
Average 14.53x 5.97x 15.34x 3.01% 354.38B
Weighted average by Cap. 22.17x 7.45x 17.36x 2.25%

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

  1. Stock Market
  2. Stocks
  3. ROP Stock
  4. 0QOK Stock
  5. Valuation Roche Holding AG
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