Company Valuation: Roche Holding AG

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 306,810 239,812 197,073 205,191 262,098 288,182 - -
Change - -21.84% -17.82% 4.12% 27.73% 9.95% - -
Enterprise Value (EV) 1 324,977 255,396 215,772 222,528 278,258 299,049 292,202 284,185
Change - -21.41% -15.51% 3.13% 25.04% 7.47% -2.29% -2.74%
P/E 23.4x 18.9x 17.1x 24.8x 20.5x 20.1x 17.8x 16.5x
PBR 13.2x 8.29x 5.91x 5.67x 7.8x 7.22x 6.05x 5.11x
PEG - -3.69x -2.48x -0.9x 0.4x 1.7x 1.4x 1.97x
Capitalization / Revenue 4.89x 3.79x 3.36x 3.39x 4.26x 4.6x 4.4x 4.19x
EV / Revenue 5.17x 4.04x 3.67x 3.68x 4.52x 4.77x 4.46x 4.14x
EV / EBITDA 13.2x 10.2x 9.82x 9.45x 11.3x 11.8x 10.7x 9.79x
EV / EBIT 14.8x 11.5x 11.2x 10.7x 12.7x 13.1x 12x 10.9x
EV / FCF 20.7x 19.6x 19.1x 14.5x 23.6x 19.5x 17.9x 16.1x
FCF Yield 4.83% 5.11% 5.23% 6.89% 4.24% 5.13% 5.59% 6.21%
Dividend per Share 2 9.3 9.5 9.6 9.7 9.8 9.992 10.22 10.49
Rate of return 2.45% 3.27% 3.93% 3.8% 2.99% 2.77% 2.83% 2.91%
EPS 2 16.2 15.37 14.31 10.31 16.04 17.95 20.23 21.92
Distribution rate 57.4% 61.8% 67.1% 94.1% 61.1% 55.7% 50.5% 47.9%
Net sales 1 62,801 63,281 58,716 60,495 61,516 62,645 65,471 68,719
EBITDA 1 24,692 25,015 21,976 23,538 24,608 25,289 27,246 29,015
EBIT 1 21,897 22,173 19,240 20,823 21,833 22,803 24,388 25,991
Net income 1 13,930 12,421 11,498 8,277 12,880 14,506 16,332 17,553
Net Debt 1 18,167 15,584 18,699 17,337 16,160 10,867 4,020 -3,998
Reference price 2 379.10 290.50 244.50 255.50 328.20 360.90 360.90 360.90
Nbr of stocks (in thousands) 800,952 800,579 798,652 796,789 796,317 796,766 - -
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.($)
33.85x12.21x24.91x0.58% 1,055B
29.18x - - 2.05% 632B
31.95x7.44x15.46x2.74% 442B
19.84x4.71x11.68x2.81% 351B
21.63x5.59x13.89x2.87% 290B
20.07x4.15x11.78x2.12% 243B
26.53x6.9x12.24x2.4% 227B
13.3x4.74x9.93x3.86% 200B
-42.45x6.16x24.05x2.37% 172B
Average 17.10x 6.49x 15.49x 2.42% 401.39B
Weighted average by Cap. 24.29x 8.06x 17.79x 1.99%

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
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  3. ROP Stock
  4. 0QOK Stock
  5. Valuation Roche Holding AG